Economics & Business Archive

On June 24, Turkish voters will head to the polls for presidential and parliamentary elections that are being held approximately 15 months ahead of schedule. Popular wisdom among many Turkey watchers is that President Recep Tayyip Erdogan chose to call the elections early, back in April, because economic headwinds could worsen in the coming year, making it more risky to wait until November 2019, when the elections were originally due to take place. The stakes of this month’s vote are enormous. The elections are the last step before Turkey formally transitions to an executive presidential system of government, which Erdogan […]

When people take to the streets to protest high prices and tax increases, their message doesn’t usually resonate beyond their country’s borders. But when the protests erupt in a country like Jordan, in the heart of the Middle East, they are an uncomfortable reminder to the region, and the world, of the kingdom’s vulnerability and its importance in preserving regional stability. The protests started last week in Amman, and they quickly took on a life of their own, expanding well beyond the capital and drawing support from across society—a sign that their objective of drawing attention to economic hardships resonated […]

Just as the expulsion of the U.S. Drug Enforcement Administration removed a check on drug-related corruption at the highest levels of Bolivia’s government, it has also created space for an alarming increase in lower-level illicit activity. Nevertheless, President Evo Morales maintains he has the market for cocaine in Bolivia under control.On a Thursday evening this past February, two Bolivian men met at a public plaza in the country’s capital, La Paz, to discuss a major cocaine sale. Though they had been texting back and forth all week, each was wary of the other. One of the men, Luis, was an […]

Will Donald Trump turn out to be Europe’s best friend? Despite himself, Trump’s decision to pick an ill-conceived fight over trade with America’s closest allies could actually have a salutary effect on European solidarity. It will certainly boost the desire in Europe to distance itself from America and the dependent aspects of the trans-Atlantic alliance. Whether the Europeans will be able to follow through is another story. Trump’s trade war would seem to come at a bad time for the European Union. The incoming government in Italy is hostile to the EU’s fiscal rules and migrant policy. Spain is in […]

In the first round of Colombia’s presidential election on May 27, Gustavo Petro, the ex-mayor of Bogota, won 25 percent of the votes cast, setting the stage for him to face off against Ivan Duque, a senator and former official of the Inter-American Development Bank who secured 39 percent. Their respective results make Duque—who is running as the candidate of the Democratic Center, the right-wing party that is most critical of the 2016 peace agreement with FARC guerrillas—the clear favorite to win in the June 17 runoff. But despite the fact that Petro can all but rule out taking office […]

After the initial public euphoria about an imminent breakthrough in their decades-long crisis with North Korea, South Koreans who work professionally on foreign and national security policy are taking a more strategic and sober view of recent events. Many worry about the consequences of a change in their relationship with the United States, while others see important economic and political opportunities ahead. I just returned from a week of meetings in Seoul and Incheon with scholars from universities, government agencies and think tanks, as part of a delegation from George Mason University’s Schar School of Policy and Government. I came […]

Editor’s note: This is the first installment of a two-part series on Bolivia’s relationship with coca, funded by WPR’s International Reporting Fellowship. The second installment can be found here. Ten years ago, Bolivian President Evo Morales expelled the U.S. Drug Enforcement Administration, which had been tasked with curbing the production of coca in Bolivia, the main ingredient in cocaine. Since then, Morales has championed a nationalized, legal coca market, but critics accuse him of fostering the rise of a narco-state. On a Monday afternoon this past February, around 300 residents of the small jungle town of Chimore in central Bolivia […]

On May 12, East Timor voted in early parliamentary elections, after last year’s indecisive elections produced a minority government and political paralysis. Following a campaign that was tarnished by some incidents of political violence, the Change for Progress, or AMP, coalition of opposition parties won 34 of 65 seats. A court challenge by the defeated Fretilin party over alleged irregularities was rejected by an appeals court last week, opening the way for the AMP to form a government. In an email interview, Guteriano Neves, a policy analyst based in East Timor’s capital, Dili, discusses the election results, the AMP’s policy […]

In this week’s Trend Lines podcast, WPR’s editor-in-chief, Judah Grunstein, and managing editor, Frederick Deknatel, discuss President Donald Trump’s first trade war—not with China, but with Canada, Mexico and the European Union. For the Report, Christopher Looft talks with WPR’s senior editor, Robbie Corey-Boulet, about the Brazilian government’s move to militarize security in Rio de Janeiro and the political impact across Brazil. If you like what you hear on Trend Lines and what you’ve read on WPR, you can sign up for our free newsletter to get our uncompromising analysis delivered straight to your inbox. The newsletter offers a free […]