Economics & Business Archive

On March 12, thousands of farmers in the Indian state of Maharashtra marched 112 miles to the state capital, Mumbai, demanding government action to address concerns ranging from land transfers to loans. India’s agricultural sector is the country’s largest source of employment, but it is inefficient and largely reliant on dated equipment and technology, and most farmers struggle to make a living. India’s ruling Bharatiya Janata Party, or BJP, which is facing mounting pressure from farmers, has been promising to address their concerns for years; Prime Minister Narendra Modi has vowed to double farmers’ income. In an email interview, Surupa […]

Earlier this month, representatives of 20 countries sat around a table in the White House to discuss ways to ease the humanitarian crisis in Gaza. That same day, on a road inside Gaza, a bomb exploded, striking a convoy carrying a high-level Palestinian delegation, including the Palestinian Authority’s prime minister. The group was traveling through the Hamas-dominated coastal enclave to inaugurate a new water purification plant. If the roadside bomb, which failed to kill any of its targets, highlighted the deadly rivalries that continue to plague the beleaguered territory, the White House conference put on display the fierce dilemmas that […]

In early March, Russian Foreign Minister Sergey Lavrov embarked on a five-country tour of sub-Saharan Africa. During his trip, Lavrov signed new trade agreements with Russia’s two long-standing partners in southern Africa, Angola and Mozambique. He also strengthened Moscow’s diplomatic ties to Zimbabwe’s new government and highlighted the role Russia could play providing security to several countries facing political unrest at home. Even though Russia’s power projection capabilities on the continent remain limited, the broad range of deals signed by Lavrov suggests that Russia is actively seeking to expand its economic and security influence in Africa, and perhaps reassert some […]

Earlier this month, Australia hosted its first special summit with the Association of Southeast Asian Nations, the 10-member regional bloc known as ASEAN. While it is not a member, Australia has developed a close working relationship with the group. Amid discussions in Sydney focused on regional security and trade issues, Australian Prime Minister Malcolm Turnbull hailed ASEAN as a “strategic convener.” The two sides also unveiled a joint infrastructure initiative that looks to provide a potential alternative to China’s huge Belt and Road Initiative. In an email interview, Evan Laksmana, a senior researcher at the Centre for Strategic and International […]

In late February, South Africa’s parliament overwhelmingly passed a motion seeking to change the constitution in order to allow the government to expropriate land without compensation. The motion came after the ruling African National Congress formally adopted the principle of land expropriation at its party conference in December. South Africa’s new president and the head of the ANC, Cyril Ramaphosa, has since voiced his opposition to the recent spate of unilateral land grabs across the country, or what critics call “illegal land invasions.” In an email interview, John Campbell, the Ralph Bunche senior fellow of African policy studies at the […]

TOKYO, Japan—Just when Japanese Prime Minister Shinzo Abe believed he had put the relationship with his unpredictable American counterpart on a solid footing, U.S. President Donald Trump threw two curveballs into the mix. The first was Trump’s snap decision to meet with North Korean dictator Kim Jong Un, after months of holding to a hard-line approach backed by Japan. The second was the administration’s announcement that it would impose steep tariffs on metal imports, a measure that was notionally targeted at China but could also harm several allies, including Japan, unless they are able to win exemptions. So far, Japan […]

Last week, the Israeli newspaper Haaretz published a long investigative report on how Israel discovered and then destroyed a nearly completed plutonium nuclear reactor in Syria’s eastern desert in September 2007. The episode, including the ups and downs of the intelligence process that led to the decision to strike in what Haaretz called a “daring, hair-raising operation,” provides a window into how to think about intelligence and policy challenges in other cases involving nascent nuclear programs. After a decade of secrecy, military censors in Israel lifted the ban on journalists publishing the details of the attack. Haaretz reporters Amos Harel […]

On March 11, India and France co-hosted some 40 heads of state in New Delhi at the inaugural meeting of the International Solar Alliance, a treaty-based, intergovernmental organization facilitating solar energy advancement in developing countries in the tropics. The alliance, which was established at the Paris climate summit in November 2015, is aiming to raise $1 trillion in solar investments by 2030. France pledged roughly $860 million at the meeting in New Delhi. As part of the Paris climate pact, India has set its own ambitious green energy target of generating 40 percent of its electricity from renewables by 2030. […]

On Monday, Saudi Arabia’s powerful crown prince, Mohammed bin Salman, arrived in the United States for a three-week marathon visit that follows stops in London and Cairo, where red carpets were rolled out and a number of big-ticket deals signed. But the United States was always the centerpiece of this roadshow. The crown prince will crisscross America on his way from a pro forma appearance in Washington to potentially more meaningful stops in Boston, New York, Seattle, Silicon Valley, Los Angeles and Houston, where he will court influential investors and partners for his far-reaching reform agenda back home. Prince Mohammed […]

Editor’s Note: Every Friday, WPR Senior Editor Robbie Corey-Boulet curates the top news and analysis from and about the African continent. What good is an African free trade deal that doesn’t include the continent’s two largest economies? That’s the question economists are asking after both Nigeria and South Africa refrained from joining the 44 countries that signed onto the African Continental Free Trade Area, or ACFTA, during a summit meeting in Kigali, Rwanda, on Wednesday. Though they were not the only holdouts, they were by far the most significant. Taken together, the two countries represent one-third of Africa’s gross domestic […]

Kuwait has had a strong start to its two-year term as one of the 10 rotating members of the United Nations Security Council. In February, it organized and hosted an international conference for the reconstruction of Iraq that raised a promised $30 billion in loans and investments. It has also partnered with Sweden to advance several draft resolutions for cease-fires in Syria and to coordinate the Security Council’s humanitarian work there. Long an active player in regional diplomacy, Kuwait is well-placed to act as a bridge connecting Arab and international efforts to find mediated solutions to conflicts and flashpoints in […]

The emergence of nativist movements and populist leaders in Europe and America has had Western liberal democracy on the ropes over the past few years. Two developments in the past week suggest that things could get worse before they get better. The implications of the first development were clear. The two most formidable long-term challengers and counterweights to Western power—Chinese President Xi Jinping and Russian President Vladimir Putin—were returned to office, perhaps indefinitely. The second might take some time to sort through and make sense of. Revelations about the practices of a British political consultancy, Cambridge Analytica, have put the […]

On March 16, a Greek appeals court denied an extradition request by Turkey for eight Turkish soldiers who fled to Greece in July 2016, following the failed coup attempt against President Recep Tayyip Erdogan. It was the third such rejection by Greek courts, which say the men could face an unfair trial in Turkey. The fate of the servicemen, whom Turkey accuses of being involved in the attempted coup, has been a source of escalating tensions between Greece and Turkey, two NATO allies. In an email interview, Simon Waldman, a visiting research fellow in the Department of Middle Eastern Studies […]

It is the world’s most successful, most powerful and most popular security alliance. Considering the number of countries waiting to get in, the North Atlantic Treaty Organization seems to have even more admirers than it can handle. But it also has an unexpectedly prominent and powerful critic: the president of the United States. As he has scolded NATO members over their defense spending and cast the alliance as a protection racket, Donald Trump has seemingly undermined an organization whose purpose and unity have rarely been questioned—and never before by an American president—since it was founded in 1949 as a bulwark […]

After more than five years of negotiations, Joseph Kabila, president of the Democratic Republic of Congo, signed into law a new mining code earlier this month. The code faced strong opposition from mining companies, which now face higher royalties and taxes. The government has said it may be willing to negotiate terms on a case-by-case basis. Congo has extensive mineral wealth and is the top source of cobalt globally and the top source of copper in Africa. In an email interview, Thomas Lassourd, a senior economic analyst at the Natural Resource Governance Institute, or NRGI, discusses why the government decided […]

Earlier this month, the United States, Canada and Mexico concluded the seventh round of talks to amend the North American Free Trade Agreement, once again failing to agree on terms to update the 24-year-old pact that U.S. President Donald Trump promised to renegotiate. Trump’s threats to pull the U.S. out of NAFTA if he doesn’t get what he wants, on top of his other protectionist trade policies, have pushed Mexico to diversify its trade relationships, including with its neighbors in Latin America. In an email interview, Duncan Wood, the director of the Mexico Institute at the Wilson Center in Washington, […]

For the past nine months, the tiny but very wealthy Arab state of Qatar has been subjected to a blockade by its three immediate neighbors—Saudi Arabia, the United Arab Emirates and Bahrain—as well as Egypt, which accuse it of supporting terrorism and aligning itself with their regional rival, Iran. But the blockade has hardly achieved its aim of isolating Qatar and forcing it to abandon its independent foreign policy. Instead, Qatar’s economy remains mostly unaffected and its external relations are largely intact. On Tuesday, however, Qatar lost an important partner when President Donald Trump abruptly sacked his secretary of state, […]