Economics & Business Archive

2019 has not begun, but it is already getting bad reviews. Economists fret about a recession. American commentators worry that President Donald J. Trump is increasingly erratic and unconstrained. Their European counterparts are bracing for a very hard Brexit indeed. Is the outlook for multilateral institutions equally bleak, or even worse? The United Nations and other international organizations face two major strategic challenges, plus multiple subsidiary crises, over the next year. The main challenges are an intensification of competition between the U.S. and China in multilateral forums, and a rapid deterioration of the once-sturdy nuclear arms control framework. These twin […]

2018 ends in many ways as it began: with chaos emanating from Donald Trump’s White House, populism and resurgent nationalism continuing to upend politics-as-usual from Europe to Asia, and more questions about how resilient the liberal international order really is. While those trend lines were a big part of our coverage at WPR, looking over our most-read articles of the year is a reminder that other stories were also important drivers of global affairs, even if they didn’t always draw the biggest headlines. These include the ongoing war in Syria, wider geopolitical rivalries in the Middle East and political reform […]

In a special year-end episode of Trend Lines, we look back on 2018 through three of our most popular Report interviews. They take us from the frontlines of the war against Boko Haram in West Africa, to life under a resurgent Taliban in Afghanistan, to Facebook, the new hub for the black-market trade in antiquities from the Middle East. 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 preview article every […]

India’s ruling Bharatiya Janata Party was ousted from power in three key state elections last week in a rebuke of Prime Minister Narendra Modi’s administration. The results in the heartland rural states of Rajasthan, Chhattisgarh and Madhya Pradesh will likely force Modi to make adjustments in his economic policy priorities as the BJP gears up for general elections set to take place this coming spring. The recent vote also provided a much-needed boost to the opposition Indian National Congress, which captured outright majorities in the state legislatures of Rajasthan and Chhattisgarh while falling just short of a majority in Madhya […]

In this week’s Trend Lines podcast, WPR’s editor-in-chief, Judah Grunstein, and managing editor, Frederick Deknatel, look back on the biggest stories of 2018 and discuss what the new year might have in store. For the Report, Jonathan Rosen talks with WPR’s senior editor, Robbie Corey-Boulet, about his reporting from Zambia, where a backlash to Chinese investment and loans is growing as the country inches toward a debt crisis. 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 […]

The tiny Persian Gulf monarchy of Qatar announced its intention to withdraw from OPEC earlier this month, after 57 years as a member of the cartel of major oil-producing nations. The move, which will go into effect on Jan. 1, is expected to have little impact on energy markets, as Qatar, which is rich in natural gas, exports a very small amount of oil. But it risks worsening Doha’s ongoing diplomatic row with some other Gulf Arab monarchies. In an email interview with WPR, Jim Krane, an energy studies research fellow at Rice University’s Baker Institute for Public Policy in […]

Editor’s Note: Every Wednesday, WPR Newsletter and Engagement Editor Benjamin Wilhelm curates the week’s top news and expert analysis on China. Chinese President Xi Jinping’s speech on Tuesday at the Great Hall of the People in Beijing marked the 40th anniversary of a watershed moment in modern Chinese history. At a meeting in December 1978, Deng Xiaoping and other reformist Communist Party leaders, who had fallen from grace during Mao Zedong’s Cultural Revolution, laid the groundwork for the program of economic liberalization that later became officially known as “reform and opening up.” Four decades later, amid slowing economic growth and […]

Italian prosecutors earlier this month named five Egyptian security officials as suspects in the murder of Giulio Regeni, an Italian graduate student whose mutilated body was found in a roadside ditch outside Cairo in February 2016, nine days after he disappeared. Regeni had been conducting research on labor unions in Egypt for a doctorate at Cambridge University. For nearly three years, investigators in Rome have been frustrated by the lack of cooperation from their Egyptian counterparts, which led to the extraordinary decision to publicly identify Egyptian government agents as suspects. In an email interview with WPR, Timothy Kaldas, a nonresident […]

In a much-anticipated speech in Sydney last Saturday, Australian Prime Minister Scott Morrison announced that his government would recognize West Jerusalem as Israel’s capital. Morrison sought to mollify critics by delaying an embassy move from Tel Aviv until a final peace settlement is reached and holding out the possibility of recognizing a future Palestinian state with East Jerusalem as its capital. Still, the announcement provoked stern reactions from Australia’s Muslim-majority neighbors, including Indonesia and Malaysia. In an interview with WPR, Ran Porat, a researcher and lecturer at the Australian Center for Jewish Civilization at Monash University in Melbourne, discusses the […]

Besides getting Mexico to pay for the wall, which continues to elude him, there were two things that U.S. President Donald Trump seemed to want most out of the renegotiation of the North American Free Trade Agreement. One was increased access to the Canadian market for American dairy farmers, and the other was an incentive to increase car production in the United States. He won on those things, though the latter could well turn out to be a pyrrhic victory. But he is undercutting any credit he might get for those victories with his fondness for tariffs. Indeed, if looking […]

Zambia, like several African countries, is inching toward a debt crisis, sparking discussion about whether China is to blame. With debt-servicing payments already crowding out development spending, ordinary Zambians are feeling the pinch—and their patience with the government’s coziness to Beijing, and with China's so-called "debt-trap diplomacy," is beginning to wear thin. LUSAKA, Zambia—Sitting in the lobby of a Lusaka hotel last month, James Lukuku was feeling energized. The leader of Zambia’s Republican Progressive Party, a fringe opposition group, Lukuku had gained notoriety in recent months as one of the most outspoken critics of Zambia’s relationship with China—a bond he […]

In Donald Trump’s trade wars, U.S. tariffs on China were supposed to force a quick surrender, but retaliatory Chinese tariffs on imports from the U.S. have led to a tenuous truce. Find out more when you subscribe to World Politics Review (WPR). As widely expected, U.S. President Donald Trump and his Chinese counterpart Xi Jinping declared a truce in their trade war in early December. According to the White House statement after their meeting at the G-20 summit in Buenos Aires, Xi committed to increase imports of American agricultural and energy products to reduce the bilateral trade deficit and to […]

In December 2016, Russian President Vladimir Putin visited Japan and got a lavish welcome. Prime Minister Shinzo Abe received Putin at a hot springs resort in his ancestral hometown of Nagato, in southwestern Yamaguchi prefecture. He referred to Putin by his first name in public appearances, a rare personal touch in the formal world of Japanese diplomacy. During the run-up to the visit, Japanese officials even reached out to the Kremlin with an offer for a dog, a prized Akita breed, intended as a male companion to Yume, the female Akita that was sent to Putin as a Japanese gift […]

In this week’s Trend Lines podcast, WPR’s editor-in-chief, Judah Grunstein, and associate editor, Elliot Waldman, discuss British Prime Minister Theresa May’s week of humiliations on the shambolic road to Brexit. For the Report, Frederic Wehrey talks with WPR’s senior editor, Robbie Corey-Boulet, about the growing power and influence of the “quietist” current of Salafism in the Maghreb and what that means for the region. 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 […]

The leader of Luxembourg’s coalition government, Prime Minister Xavier Bettel, was sworn in for a second term last week after a surprise election victory in October. He will now seek to further implement an ambitious policy agenda that includes free public transportation and an emissions-free economy by 2030, even as doubts persist about how these projects will be financed. In an interview, Anna-Lena Högenauer, a political scientist at the University of Luxembourg, discusses the election results, what we might expect from Bettel’s second term, and Luxembourg’s shifting position within the European Union. World Politics Review: What are the primary factors […]

After seven years of civil war, Syrian President Bashar al-Assad looks set to emerge victorious thanks to the support he received from Russia, from his patrons in Iran and from Iran’s Lebanese ally Hezbollah. The war is not over, but the focus on what comes next is already underway, and one change is now plainly visible: Iran, Damascus and Hezbollah are pivoting their attention to Lebanon’s future—and so is Israel. In recent days, a flurry of military and political activity has shifted to Lebanon, confirming that the tiny country—which has for so long been caught in the vice of regional […]

More than 730,000 undocumented Afghan immigrants in Iran have returned to Afghanistan so far this year, according to the United Nations. Many of them are fleeing a lack of economic opportunity in Iran, due largely to the United States’ decision to reimpose sanctions that were lifted as part of the 2015 nuclear deal. But according to Annalisa Perteghella, a research fellow at the Italian Institute for International Political Studies in Milan, they are unlikely to encounter better conditions in their native country, which faces a worsening security situation and a severe drought. In an email interview with WPR, Perteghella delves […]