Economics & Business Archive

Two weeks ago a 7.7 magnitude earthquake hit Pakistan, killing more than 300 people and leaving thousands homeless. This came on the heels of floods in August that affected almost 1.5 million people. India, for its part, has not suffered any major natural disasters recently but is facing a larger challenge of continued economic slowdown. Its growth rate has dropped for two quarters in a row in 2013, reaching 4.4 percent, and it has faced a major currency crisis as well. Afghanistan, meanwhile, faces the prospects of even more fundamental challenges to regime stability and state cohesion after the U.S. […]

On Aug. 15, Ecuadorean President Rafael Correa announced that he was abandoning the initiative by which Ecuador would commit to leave 846 million barrels of oil in the ground under Yasuni National Park, in the Amazon, if the international community donated $3.6 billion to the country to compensate for the foregone revenue. The announcement sparked protests and a movement backing a national referendum on the issue, but Correa was quick to consolidate political support for his decision. Last week, Ecuador’s Congress approved Correa’s plan to drill in the park, even as the Constitutional Court approved a request by environmentalists for […]

With his diplomatic intervention in Syria and his much-discussed article in the New York Times last month, Russian President Vladimir Putin has reaffirmed his reputation as a shrewd interlocutor on the world stage and a discerning analyst of global sentiment. He has inspired a wave of commentary about Russian resurgence reminiscent of 2007, when Time magazine named Putin person of the year for putting “his country back on the map.” Unless Russia can improve its demographic outlook and retain its competitiveness in global energy markets, however, occasional maneuvers on Putin’s part will be unlikely to translate into an enduring Russian […]

Though Southeast Asia’s economies continue to grow, their regional bloc, the Association of Southeast Asian Nations, has struggled to match its economic clout with political credibility. This World Politics Review special report looks at the political and security challenges facing ASEAN and the diverging paths of its member states. ASEAN To Heal Divisions, Brunei Must Take Proactive Role in ASEAN DisputesBy Richard Javad HeydarianJanuary 9, 2013 ASEAN Struggles for Relevance in South China Sea DisputesBy Mark ValenciaApril 26, 2012 Taiwan-Philippines Spat Unlikely to Damage Broader ASEAN RelationshipInterview with Hui-Yi Katherine TsengJune 10, 2013 Myanmar’s Reforms Put Rights Spotlight on ASEANBy […]

During his current visit to South Korea, U.S. Defense Secretary Chuck Hagel will likely discuss long-standing issues on the alliance agenda, including the timing of the transfer of wartime operational control from U.S. to South Korean forces as well as plans for sharing the costs of defending South Korea in coming years. But Hagel’s visit might well be dominated by Seoul’s abrupt decision last week to annul its tender to purchase 60 advanced fighter planes and launch a new one. Boeing’s F-15 Silent Eagle—an upgraded version of the F-15E, the dominant model in the South Korean Air Force—looked set to […]

India is seeking to conclude a nuclear trade deal with Australia’s new government by the end of the year. In an email interview, Rory Medcalf, director of the International Security Program at the Lowy Institute and associate director of the Australia India Institute, explained what’s at stake in their negotiations. WPR: What is at stake in the nuclear trade negotiations between India and Australia? Rory Medcalf: These are safeguards talks aimed at finalizing an agreement to ensure that any Australian uranium exported to India will not be diverted to military uses. Uranium is no longer a make or break issue […]