Economics & Business Archive

In this week’s Trend Lines podcast, WPR’s editor-in-chief, Judah Grunstein, senior editor, Frederick Deknatel, and associate editors, Maria Savel and Karina Piser, discuss the biggest events of 2016, including the rise of populism, China’s growing assertiveness in the South China Sea, and the election of Donald Trump. Listen:Download: MP3Subscribe: iTunes | RSS Relevant Articles on WPR: Donald Trump and the Global Rise of Populism The Danger of Overreacting to Terrorism—and How to Resist It The EU Tries, Tries and Tries Again to Address the Migrant and Refugee Crisis Putin’s Attritional Diplomacy Leaves the West Permanently Off Balance The Economy Is […]

It was a year of turmoil and unpredictability, and World Politics Review covered it all. Our 10 most-read articles of 2016 reflect the scope of our coverage and the diverse interests of our readers. The list below, based on unique page views, runs across the world, from Eastern Europe to the South China Sea, with stops in Ethiopia, Uganda, Iran, the Philippines and elsewhere. Where will the stories of 2017 be? 1. Putin’s Intimidation Strategy Backfires as Eastern Europe Turns to NATOFrida Ghitis May 11, 2016 2. Ethiopia’s Regime Prioritizes Power Over Reform as Ethnic Protests ContinueWilliam DavisonAug. 29, 2016 […]

On Dec. 5, Mexico held its first-ever auction for deepwater oil blocks in the Gulf of Mexico. A total of eight out of 10 blocks were awarded to various consortiums of leading international oil companies, such as ExxonMobil, Chevron, BP, Total and Statoil. The Mexican government estimates that the offshore fields hold as much as 11 billion barrels of oil and natural gas. The tender brought some much-needed economic relief for Mexico. As 2016 comes to a close, the country faces the most severe crisis originating north of the border in the United States since the 2008 financial meltdown, in […]

When speculating about President-elect Donald Trump’s likely economic agenda, one must return to the popular view among many American voters that to create jobs and repair an ailing economy, turn to successful businessmen. Only they, not the professional political class, have the practical experience, instincts and strength needed to muster up better economic performance and job creation in areas like manufacturing. Why? Their business successes, according to this view, are easily transferable to solving a wide range of problems in the public sphere. There is an element of truth here. Businessmen like Trump instinctively see the economy from a microeconomic […]

Earlier this month, Russian President Vladimir Putin touched down in Yamaguchi, the home prefecture of Japanese Prime Minister Shinzo Abe, to begin a much-anticipated summit. Abe arranged a personal venue for their meeting: a famous hot spring bath in his hometown of Nagato. Abe has met with Putin more than 15 times since taking office in late 2012, even after high-level diplomatic engagement with Russia came under scrutiny from the international community, especially Tokyo’s ally in Washington, over Moscow’s annexation of Crimea and destabilizing activities in eastern Ukraine. Abe had hoped that his dogged approach to appeal to Moscow, along […]

The European Union voted Monday to renew economic sanctions against Russia over its annexation of Crimea for an additional six months. Sanctions were first put in place in July 2014 and have been extended ever since. Despite token opposition among some member states, the renewal of sanctions has been relatively routine up to this point. But there are signs that Europe’s united front against Russia is beginning to crack. Germany, the U.K., Sweden, Finland, Estonia, Latvia and Lithuania have been the strongest advocates of a hard line on Russia, while Italy, Greece, Hungary and the Czech Republic have been vocal […]

Last week, China brought formal legal challenges against the United States and the European Union for their failures to recognize the Asian giant as a “market economy” according to World Trade Organization rules. China’s current “nonmarket economy” designation allows Washington and Brussels to use a special tariff formula to stem the flow of low-priced imports in anti-dumping cases. Contrary to initial media reports of a trade war, Beijing’s WTO actions sent a positive signal for otherwise bleak trade relations between these major powers—at least in the near term. But longer term, the squabble over China’s market economy status is just […]

Malaysian Prime Minister Najib Razak visited China last month, where he signed a series of deals, including a significant defense agreement, raising concerns that Malaysia could be “separating” from its partnership with the United States. In an email interview, Yang Razali Kassim, a senior fellow at the S. Rajaratnam School of International Studies in Singapore, discusses Malaysia’s ties with China. WPR: What is the nature and extent of economic and military ties between Malaysia and China, how have ties evolved in recent years, and what impact has the South China Sea disputes had on them? Yang Razali Kassim: Economic ties […]

The paint around the front doors of the law building at the Federal University of Rio de Janiero (UFRJ) is flaking, but the inside remains pristine. Yellow walls stretch upward to meet high ceilings, while sizeable busts and oil portraits of the faculty’s founders stare watchfully on. But recently, they have been watching something unusual. Every evening since early November, 25 students have been sleeping in tents inside the faculty building in protest of a constitutional amendment, PEC 55, which was being reviewed by the government. On Dec. 13, it was approved, sparking protests across the country. Brazilians, and especially […]

Representatives from South Korea, Guatemala, El Salvador, Costa Rica, Nicaragua, Honduras and Panama concluded negotiations for a free trade deal last month, with the final agreement expected to be signed next June. In an email interview, Won-Ho Kim, director of the Latin American studies program and of the Center for International Cooperation and Strategy at the Graduate School of International and Area Studies at Hankuk University of Foreign Studies, discusses South Korea’s trade relations with Central America. WPR: How extensive is trade between South Korea and Central America, and what are the expected effects of the recently signed free trade […]

In late November, Greece announced that it was pulling out of plans to sell a 66 percent stake in the Greek national gas operator Desfa to Azerbaijan’s state energy company, SOCAR, complicating Greek efforts to meet its privatization targets set out by the terms of its bailout agreement. In an email interview, John N. Kallianiotis, a professor at the University of Scranton, discusses Greece’s privatization program. WPR: What are Greece’s privatization obligations under its bailout agreement, and how much progress has been made on the privatization program? John N. Kallianiotis: The administrator of the Greek privatization plan is the Hellenic […]

Piracy in Africa brings up images of Somalia and its neighbors in the Horn of Africa, where maritime security has been an issue for years. On the other side of the continent, West African countries enjoy far more developed governmental structures and security tools and should, in theory, be able to keep piracy at bay. Yet piracy is significantly decreasing in Somalia, while it is growing in the Gulf of Guinea. According to the International Maritime Bureau, there was just one attempted attack in Somalia in the first nine months of 2016, whereas 31 incidents of piracy were reported off […]

Mauricio Macri assumed the presidency of Argentina a little over a year ago, on Dec. 10, 2015, intent on correcting years of mistakes by his predecessors and eager to cement his place as a leader of significance. While he has largely succeeded in the first goal, the second remains stubbornly out of reach, and efforts to build an enduring legacy will only grow more complicated in the years to come. Macri’s surprising victory in the 2015 election—polls initially showed him likely to lose outright in October’s first round of voting—ended 12 years of rule by Nestor Kirchner and his wife, […]

The European Union formally signed an agreement normalizing ties with Cuba on Monday. The so-called Political Dialogue and Cooperation Agreement covers issues such as trade, human rights and migration, and allows for greater cooperation on climate change, culture and tourism. Talks on expanded political ties began in 2014, and after seven rounds of talks, a final agreement was reached in March. Previous attempts at a cooperation agreement failed in large part because of the EU’s “common position” on Cuba, which set out the objectives for EU policy in Cuba, namely the transition to a pluralist democracy with respect for human […]

After meeting briefly on the sidelines of the APEC summit in Lima, Peru, last month, Chinese President Xi Jinping and Japanese Prime Minister Shinzo Abe acknowledged the need for improved ties. Despite the diplomatic gesture, though, relations remain strained. Next year marks the 45th anniversary of the normalization of diplomatic relations between Japan and the People’s Republic of China, but celebrants of that auspicious occasion may unfortunately find little reason to cheer. The most immediate source of tension stems from a deepening confrontation in recent months over the Senkaku Islands in the East China Sea, which China claims as the […]

In this week’s Trend Lines podcast, WPR’s editor-in-chief, Judah Grunstein, and senior editor, Frederick Deknatel, discuss U.S. President-elect Donald Trump’s phone call with Taiwanese President Tsai Ing-wen and the implications for U.S.-China relations. For the Report, Miles Pomper talks with Peter Dörrie about the future of nuclear energy. Listen:Download: MP3Subscribe: iTunes | RSS Relevant Articles on WPR: Why Trump’s Taiwan Call Might Be the Least of Traditional Diplomacy’s Worries Will Trump Regret Backing China Into a Corner on Taiwan and the South China Sea? What’s Behind Jammeh’s Perplexing Decision to Accept Gambia’s Election Results? Will the Syrian Crisis Doom the […]

On Dec. 4, a man with an assault rifle entered a Washington, D.C., pizza shop, planning to “self-investigate” a conspiracy theory purporting that Hillary Clinton was at the center of a “pedophilia ring” being run out of the restaurant. The rumor—which has, needless to say, been emphatically debunked—can be traced to Twitter posts with the hashtag #pizzagate, which started trending on Twitter in early November and were subsequently tweeted and retweeted thousands of times over the next several weeks. The incident is one of many that have drawn attention to social media’s changing role in a tense political and social […]