Economics & Business Archive

In this week’s Trend Lines podcast, WPR’s editor-in-chief, Judah Grunstein, and host Peter Dörrie discuss political violence and terrorism in the United States, France and Africa in the wake of the Orlando shooting. For the Report, Jonathan Rosen joins us to talk about Ethiopia’s push toward industrialization. Listen:Download: MP3Subscribe: iTunes | RSS Relevant Articles on WPR: Easy Access to Guns, Not Terrorism, Is the Enemy in Orlando Shooting Playing the Long Game: Getting Past Near-Term Thinking on Terrorism France Takes the Gloves Off After Paris Attacks, but Will It Overreach? France’s Overstretched Military Not Enough to Stabilize the Sahel Made […]

Next week, on June 23, the Permanent Council of the Organization of American States (OAS) will meet to discuss Venezuela, a country in the throes of an economic, political and humanitarian crisis. It now appears that it’s only a matter of time before Venezuela—virtually institution-less, politically polarized, facing chronic food and medical shortages, and with its government and military wracked by corruption—implodes and becomes a failed state. How did this happen? How did a country with abundant natural resources, a nominally democratic government and basic human rights, one that is a member of a multilateral system with numerous safeguards to […]

With international sanctions against Iran lifted, India is keen to get ties with Tehran back to their pre-sanctions level. This was reflected in the flurry of high-level visits that took place this year in the run-up to Prime Minister Narendra Modi’s visit to Iran in late May. While India is looking to Iran to help in its transition to an economy fueled by natural gas, it is also betting on Iran to be its gateway into markets in Central Asia, through the development of the Iranian port of Chabahar. For its part, Iran seems keen to deepen its strategic economic […]

When Hillary Clinton, the presumptive Democratic presidential nominee, delivered her first speech after the weekend massacre at an Orlando LGBT nightclub, she listed a predictable collection of problems contributing to the killings, from the availability of assault rifles in the U.S. to the proliferation of extremist ideologies emanating from the Middle East. Then she delivered a surprisingly blunt message to America’s Arab allies: It is “long past time,” she declared, for Saudi Arabia, Kuwait and Qatar to stop their citizens from funding extremist organizations, as well as from “supporting radical schools and mosques” that send young people into extremism. The […]

Against a broader backdrop of regional turmoil, Mauritania has remained surprisingly, if delicately stable. This feat is especially noteworthy given that just a few years ago the country was considered at significant risk of destabilization. Its politics and society have been perennially buffeted by the storms of racial tensions, ethnic cleavages and political volatility. Since its independence from France in 1960, Mauritania has wavered precariously between this state of fragile stability and state collapse. Its record of successive coups and attempted coups between 1978 and 2008; major ethnic clashes in 1989 and 1990; and terrorist attacks between 2005 and 2011 […]

Editor’s note: This is the final article in WPR’s ongoing series on the Trans-Pacific Partnership and the potential impact on members’ economies.. Peru’s recently elected president, Pablo Kuczynski, is a supporter of the Trans-Pacific Partnership (TPP), and ratification of the deal by Peru’s Congress is likely in the near future. In an email interview, Alan Fairlie, a professor of economics at the Pontifical Catholic University of Peru, discussed the benefits and drawbacks of TPP membership for Peru. WPR: What are the expected economic benefits and potential downsides for Peru from the TPP, and who are the expected “winners” and “losers”? […]

France has always claimed to be a power in the Asia-Pacific, but some recent strategic developments have given additional credence to that claim. In April, France won a landmark contract to sell 12 attack submarines to Australia, after securing a deal with India for the purchase of 36 Rafale fighter jets last year. The Australia submarine contract, worth some $39 billion, is viewed in Paris as heralding a new beginning for France-Australia ties, which until the late 1990s were marred by disputes over French nuclear tests in Polynesia. Australia had been mulling Japanese and German bids. The Asia-Pacific market is […]

Editor’s note: This article is part of an ongoing WPR series on countries’ risk exposure, contribution and response to climate change. Leaders from Canada, the United States and Mexico are to meet later this month for the so-called Three Amigos summit, and climate change is expected to dominate the agenda. In an email interview, Alexis Arthur, an independent energy consultant, discussed Mexico’s response to climate change. WPR: What is Mexico’s risk exposure to climate change, what effects of climate change are already apparent, and what sorts of mitigation approaches will it have to adopt or develop? Alexis Arthur: Like many […]

For more than 20 years, Israel’s ties with countries in Asia have gradually increased, enough to warrant talk of Israel’s own pivot to the region. But it is not just a pivot. Instead, it is a major realignment of Israel’s foreign policy on a broad scale, supported by geopolitical developments and motivated by Israel’s slowly eroding political relations with Europe and the United States. The origins of this process can be found in Israel’s desire to stake out a claim in booming world trade with China, whose massive growth in recent decades could leave no trading partner indifferent. But what […]

ALEM GENA, Ethiopia—As she shuffles about the factory floor, watching over the machines that weave spools of thread into fabric, Asrat Yimam personifies the future of the Ethiopian workforce. A 27-year-old mother of one from the nearby capital, Addis Ababa, Yimam has spent the past six years toiling for Ayka-Addis, a Turkish-owned textile and garment factory and the largest firm in Ethiopia’s emerging apparel industry. Six days a week, for 1,500 birr ($68) a month after taxes, she rises early for her eight-hour shift, dons her spotted blue and white Ayka uniform, and spends her day churning out cotton for […]

On June 5, the Maldives’ former vice president, Ahmed Adeeb, was convicted of attempting to assassinate its president, Abdulla Yameen, the latest politically motivated court case against the opposition. In an email interview, New Delhi-based journalist Vishal Arora discusses the state of democracy and rule of law in the Maldives. WPR: What is the state of democracy and rule of law in the Maldives, and how has the space for political dissent been reduced since the 2012 resignation of former President Mohamed Nasheed, his subsequent arrest and trial, and the legal proceedings against other opposition leaders? Vishal Arora: While democratic […]

Benin’s two-round elections, held earlier this year on March 6 and March 20, delivered a decisive victory for opposition candidate and cotton magnate Patrice Talon. As in some other Francophone West African countries, the two-round system facilitated a political upset. Talon finished in second place in the first round, with just 23.5 percent of the vote. In the second round, however, he defeated outgoing President Thomas Boni Yayi’s handpicked candidate, then-Prime Minister Lionel Zinsou, with more than 65 percent of the vote. Zinsou quickly conceded, and Benin won international acclaim for the latest milestone in its 25-year-old democracy. Talon has […]

“Fifteen years after a drone first fired missiles in combat,” journalist Josh Smith recently wrote from Afghanistan, “the U.S. military’s drone program has expanded far beyond specific strikes to become an everyday part of the war machine.” Important as this is, it is only a first step in a much bigger process. As a report co-authored in January 2014 by Robert Work and Shawn Brimley put it, “a move to an entirely new war-fighting regime in which unmanned and autonomous systems play central roles” has begun. Where this ultimately will lead is unclear. Work, who went to become the deputy […]

When a country’s economy is doing poorly and voters are suffering, a government can expect to be voted out of office on election day. So Mongolia’s upcoming parliamentary elections June 29 could see a staggering defeat for the ruling Democratic Party (DP), which has led successive governments over the past four years. This is not lost on DP officials. Yet rather than offer a compelling vision for Mongolia’s future, their campaign strategy has focused on reconfiguring the entire election system, creating more problems in the process. Two factors have combined to depress the Mongolian economy: world commodity prices and domestic […]

Last week, a Turkish energy firm signed a $4.2 billion deal for the construction of seven natural gas power plants in Iran, the largest investment deal in Iran since international sanctions over its nuclear program were lifted. In an email interview, Nader Habibi, the Henry J. Leir professor of economics of the Middle East in Brandeis University’s Crown Center for Middle East Studies, discussed the evolution of Turkish-Iranian ties. WPR: What were the main areas of political, economic and energy cooperation between Turkey and Iran pre-2011, and what impact did international sanctions on Iran and the Syrian conflict subsequently have […]

Indian Prime Minister Narendra Modi arrived in Washington during what seems like exuberant times for the Indian economy. Just days before Modi landed, New Delhi unveiled dazzling new economic figures: The headlines boasted that India now has the fastest economic growth of any of the world’s major economies. And the timing could not be better. Not only do the stellar numbers easily surpass those of perennial rival China, they also come at a time when other large economies are having trouble revving up growth. The global economy has always relied on at least one major engine pushing forward with enough […]

Editor’s note: The following article is one of 30 that we’ve selected from our archives to celebrate World Politics Review’s 15th anniversary. You can find the full collection here. When NPR reporter Louisa Lim brought the iconic photograph of “Tank Man”—the young Chinese man who stood before a column of tanks on June 5, 1989, just one day after the massacre at Tiananmen Square—to the campuses of four prestigious universities in Beijing, only 15 of the 100 students she randomly interviewed could identify the picture. In her book, Lim wrote: The students I spoke to are the crème de la crème, […]