Economics & Business Archive

During his visit to New Delhi last December, Japanese Prime Minister Shinzo Abe and his Indian counterpart, Narendra Modi, pledged to transform India and Japan’s partnership into a “deep, broad-based and action-oriented relationship.” Behind the lofty rhetoric were several major developments, most of all finally reaching a consensus on the text of a bilateral civil nuclear agreement, long in the works, that would allow Japan to directly export nuclear plants to India. It would be signed, Abe and Modi said, once “technical details” were sorted out. In addition to the nuclear deal, they announced that Japan would provide $12 billion […]

In this week’s Trend Lines podcast, WPR’s Editor-in-Chief Judah Grunstein and host Peter Dörrie discuss ISIS and al-Qaida affiliates, El Salvador’s murder epidemic and the impact of the drop in global commodities prices. For the report, journalist James Bargent joins us to discuss illegal gold mining and violence in Colombia. Listen: Download: MP3Subscribe: iTunes | RSS Relevant articles on WPR: ISIS vs. Al-Qaida: How Do Affiliates Choose?El Salvador’s Murder Epidemic and the Paradox of Peacebuilding SuccessWith Little International Support, Unrecognized States Turn to Each OtherWPR’s Global Insider Series on the Commodities CycleLengthy Oil Slump Could Force Saudi Arabia’s Hand on […]

In mid-January, Georgian musicians played a concert in front of hundreds of people in downtown Tbilisi to protest the government’s ongoing negotiations with Russian state energy giant Gazprom to increase imports of natural gas. The protests were only the latest in a string of demonstrations going back to last fall, when news of government talks with Gazprom first came to light. According to the Georgian Energy Ministry, its talks with Russia are part of efforts to boost energy supplies amid growing domestic consumption. The Georgian government’s decision to try and buy more Russian gas has emerged as a full-blown controversy […]

Editor’s note: This article is part of an ongoing WPR series on the impact of falling oil and commodities prices on resource-exporting countries. In a recent interview with The Economist, Saudi Arabia’s deputy crown prince, Mohammed bin Salman, talked about the kingdom’s plans to roll out avalue-added tax, as well as the possibility of privatizing Aramco, the state oil company, as ways to increase non-oil revenues in the face of the drop in global energy prices. In an email interview, Robert Looney, distinguished professor in the Department of National Security Affairs at the Naval Postgraduate School, discusses the economic and […]

The threats arrived in October by Whatsapp messages and pamphlets that were circulated around the northern Colombian town of Segovia. They placed a death sentence on every one of the 1,600 workers of Grupo Damasa, the business that operates the town’s richest gold mines, if the mining company did not pay a gold “tax.” “Stop working or we will stop you. We’re not playing,” they read. Within two months, four of the company’s miners were dead; two more had been shot; and one of its processing mills was attacked with a grenade. But still, Grupo Damasa’s owner would not pay […]

Earlier this month, China’s Ministry of Foreign Affairs released its first-ever Arab Policy Paper, which coincided with President Xi Jinping’s visit to Saudi Arabia, Egypt and Iran last week. Xi’s trip was the first visit to the region by a Chinese head of state since former President Hu Jintao went to Saudi Arabia in 2009. Five years before that visit, Hu established the China-Arab Cooperation Forum (CACF), a multilateral platform to institutionalize the relationship between Beijing and the 22 members of the Arab League. Since its formation, the CACF has largely fulfilled its mission, with the forum meeting 12 times […]

Editor’s note: This article is part of an ongoing WPR series on the impact of falling oil and commodities prices on resource-exporting countries. In mid-January, protests in Azerbaijan against price hikes and a collapse in the country’s currency were broken up forcefully by security forces, resulting in the arrest of 55 people. In an email interview, Richard D. Kauzlarich, the co-director of the Center for Energy Science and Policy at George Mason University who also served as the U.S. ambassador to Azerbaijan from 1994 to 1997, explains the impact of the collapse of global energy prices on Azerbaijan’s economy. WPR: […]

Brazil’s embattled president, Dilma Rousseff, has suffered many setbacks since late last year, perhaps none worse than when the lower house of Brazil’s National Congress accepted an impeachment motion against her in early December. The barrage of negative headlines, however, is unlikely to cut short Rousseff’s term in office, since the political and legal bars to oust her are much higher than those to block impeachment proceedings in the National Congress. In recent weeks, the move to impeach her, which looked more likely in December, has lost some of its momentum. But a hasty impeachment process had little chance of […]

Long considered to be a post-conflict success story, Mozambique currently finds itself in a period of uncertainty, with past political progress and current economic opportunities threatened by unresolved tensions on both fronts. The government’s decades-long war with the Mozambican National Resistance, a rebel group turned political party that is known as Renamo, officially ended 24 years ago. After a period of postwar reconstruction, the country has enjoyed steady and solid economic progress. GDP growth has averaged between 7 and 8 percent for the past decade, and the discovery of significant reserves of coal and gas have driven robust foreign investment. […]

Relations between Israel and major Western countries have become increasingly contentious in recent years, owing largely to disagreements over Israel’s approach to its conflict with the Palestinians. Ties with the U.S. and Europe remain of paramount importance to Israel. But the government of Prime Minister Benjamin Netanyahu has made a concerted effort to look toward major Asian countries, if not to replace Israel’s traditional European connections, then at least to lessen the country’s diplomatic and economic dependence on the West. The refocused efforts have started yielding results, most notably in transforming relations with India, China and Japan. To be sure, […]

Last year was a busy one for elections in Africa, and 2016 will bring many more, with polls ranging from the Central African Republic later this month to Ghana in November. The upcoming presidential election in the small West African country of Benin, scheduled for Feb. 28, is notable because there is no incumbent in the race. Outgoing President Boni Yayi, who won election in 2006 and re-election in 2011, is stepping aside out of respect for a constitutional provision that limits presidents to two terms—a growing rarity in a region with a new generation of aspiring presidents-for-life. Benin’s wide-open […]

Last week marked the formal implementation of the agreement signed last summer by Iran and the international community to roll back Tehran’s nuclear program. Although the news did not create as much of a fuss as the actual signing of the agreement in July, in the larger context of international relations, it’s still a pretty big deal. The agreement is a critical step forward for nuclear nonproliferation efforts and for the upholding of global norms and the will of the international community. It’s a victory for the notion that intractable international issues can be resolved via diplomacy and negotiations, rather […]

It was a rare week of good news in the Middle East. Iran met its obligations to formally launch all the provisions of the nuclear agreement agreed to with world powers last July, an early demonstration of its commitment to radically restructure its nuclear activities in exchange for sanctions relief. Tehran also surprised many observers with the quick release of 10 U.S. sailors detained last week after they inadvertently navigated into Iranian territorial waters in the Persian Gulf. Finally, in the latest step forward in building a more functional relationship between Washington and Tehran, the two sides completed secret negotiations […]

With a regularity almost approaching that of the tides, there has recently been a frenzy of fevered pronouncements about China becoming a major arms exporter—and perhaps even giving serious competition to the traditionally front-running United States. Most of this is hype, but there is some truth to all the mania. For the most part, China’s arms industry does not seriously threaten U.S. arms exports, at least not in terms of quantity. According to the Stockholm International Peace Research Institute, China garnered only 5 percent of the total global arms market from 2010 to 2014—good enough to rank third among the […]

On Saturday, Jan. 16, Taiwan will hold a critical election that is likely to see the country vote in its first female president, Tsai Ing-wen. If elected, Tsai, who currently holds a double-digit lead in most polls, would herald a new era of politics in Taiwan and establish only the second government led by the liberal Democratic Progressive Party (DPP), after more than seven decades of political dominance by the nationalist Kuomintang (KMT) party. Adding to the intrigue is the race between the DPP and the KMT for the legislature, known as the Legislative Yuan. The KMT currently has 64 […]

Editor’s note: This article is part of an ongoing WPR series on the impact of falling oil and commodities prices on resource-exporting countries. Last month, Kazakhstan announced that it was going to expand production at the Tengiz oil field, increasing output from 26 million to 38 million tons of oil per year. In an email interview, Peter Howie, an associate professor at Nazarbayev University, discussed Kazahkstan’s economy and the role of commodities. WPR: How important are commodities for Kazakhstan’s economy, and what effect have falling commodities prices had on public spending and, by consequence, political stability? Peter Howie: Since 2000, […]

This week on the Trend Lines podcast, WPR’s editor-in-chief, Judah Grunstein, and host Peter Dörrie discuss China’s infrastructure schemes in Southeast Asia, Poland’s right-wing government and presidents-for-life in Rwanda and Burundi. In the Report, Nate Schenkkan explains the Turkish government’s long war against the media and freedom of expression. Listen: Download: MP3Subscribe: iTunes | RSS Relevant articles from WPR: China’s Grand Plans in Southeast Asia on Track With Thai Rail Deal Constitutional Crisis Veers Poland Into Uncharted Territory U.S. Offers Mild Rebuke of Kagame’s Bid to Hold Onto Power in Rwanda African Union Intervention Could Do More Harm Than Good […]