Economics & Business Archive

As 2018 draws to a close, U.S. President Donald Trump and his South Korean counterpart, Moon Jae-in, are sounding remarkably optimistic about the future of the Korean Peninsula, a marked contrast to the hostile rhetoric of potential “fire and fury” that reflected heightened tensions following a series of nuclear and missile tests by North Korea just one year ago. Most experts and analysts, however, are skeptical that the current approach will yield the positive outcomes the two leaders predict, noting that no concrete actions toward denuclearization, much less the process by which they might be taken, have been discussed with […]

Editor’s Note: Every Wednesday, WPR Newsletter and Engagement Editor Benjamin Wilhelm curates the week’s top news and expert analysis on China. The arrest of Huawei Chief Financial Officer Meng Wanzhou in Canada at the United States’ request has dominated headlines since the story broke last Wednesday afternoon. But it is only the latest chapter in both the Chinese telecommunication giant’s rise to global prominence and Washington’s broader high-tech trade war with Beijing. Meng, who is also the daughter of Huawei’s billionaire founder, Ren Zhengfei, was arrested earlier this month while changing planes in Vancouver. U.S. authorities believe she violated sanctions […]

Editor’s Note: This article is part of an ongoing series on immigration and integration policy around the world. Argentina is contending with a severe economic crisis, fostering a xenophobic backlash that has centered on the country's immigrant population. In a break from its long history of welcoming immigration, the current administration has introduced curbs on immigrants to Argentina. Argentina has long been a welcoming destination for generations of immigrants, but in recent years, xenophobic and discriminatory sentiments have risen in visibility amid a severe economic crisis. The administration of President Mauricio Macri has responded by placing some curbs on immigration […]

Australian Prime Minister Scott Morrison has adopted a noticeably softer tone toward China since taking office in August, in contrast to his predecessor, Malcolm Turnbull. The relationship has improved considerably, with Foreign Minister Marise Payne traveling to China in November, the first such visit by an Australian foreign minister in over two years. But according to Simone van Nieuwenhuizen, a researcher at the University of Technology Sydney’s Australia-China Relations Institute, the Australian government will still have to reckon with the challenges posed by Chinese influence operations and China’s increasing investment in Pacific island nations, where Australia has historically enjoyed a […]

President Donald Trump has announced a number of trade deals this year, touting each one as the best, greatest, most wonderful agreement ever. Time after time, however, the reality fell far short of Trump’s hype, including the most recent announcement of an agreement with China. Indeed, the announced “agreements” with Europe, Japan and China merely began the process of negotiating. And far from replacing the “worst trade deal ever,” the U.S.-Mexico-Canada Trade Agreement mainly updates and tweaks the North American Free Trade Agreement, or NAFTA. One thing none of these agreements accomplished was to get rid of the tit-for-tat tariffs […]

Iraqi President Barham Salih traveled to Iran’s capital, Tehran, last month for talks with Iranian President Hassan Rouhani. The meeting came two weeks after the U.S. reimposed tough sanctions on Iran that had been lifted under the 2015 nuclear deal. In light of those sanctions, Iran’s economic ties with Iraq, which relies on Iranian gas for nearly half of its energy supply, are of utmost importance to Iranian rulers. In an interview with WPR, Tamer Badawi, a research fellow at the Istanbul-based Al-Sharq Forum, discusses Iran’s strategy for maintaining close commercial ties with Baghdad. World Politics Review: How has the […]

Armed drones may not be the killer robots some people fear, but drone weaponry is proliferating faster than international norms governing its use. Find out more when you subscribe to World Politics Review (WPR). In a move meant to break with his predecessor, President Donald Trump announced new export policies for U.S. armed drones in April. In presenting Trump’s policy shift, Peter Navarro, assistant to the president for trade and manufacturing policy, said it “will level the playing field by enabling U.S. firms to increase their direct sales to authorized allies and partners.” The media reaction was hyperbolic, with one […]

In recent years, a combination of factors has converged to produce an unprecedented number of high-profile anti-corruption investigations around the world. From Brazil to South Korea, from the Panama Papers to the global FIFA scandals, publics across the globe have seen their worst suspicions confirmed, as daring investigative journalists and hard-charging prosecutors lay out case after case, revealing the details of pervasive malfeasance at the loftiest levels of power. At first glance, this is unquestionably a positive development for society as a whole, for the economies of the countries affected and for the global political environment. Corruption corrodes the moral […]

Editor’s Note: Every Wednesday, WPR Newsletter and Engagement Editor Benjamin Wilhelm curates the week’s top news and expert analysis on China. Saturday night’s dinner between U.S. President Donald Trump and Chinese President Xi Jinping, on the sidelines of the Group of 20 summit in Buenos Aires, led to a 90-day trade truce and plenty of uncertainty for observers, stock traders and even Trump administration officials. No joint statement was released after the meeting, and there was little overlap in the separate readouts given by both sides. Subsequent comments from U.S. officials and Trump himself have only generated more confusion, while […]

In late October, a corruption inquiry into the activities of Sierra Leone’s former ruling party, the All People’s Congress, or APC, came closer to reality when a procedural vote in the APC-dominated parliament failed to block three proposed “constitutional instruments” establishing an investigative commission. The measures—all backed by new President Julius Maada Bio, who was elected after a closely contested two-round poll in March 2018—pave the way to investigate corruption by former President Ernest Bai Koroma and the APC, which had held power since 2007. Despite the APC-led majority opposing the measures, the “no” vote on a procedural motion failed […]

In the South Caucasus state of Georgia, Salome Zurabishvili, who was backed by the ruling Georgian Dream party, won a bitterly contested presidential runoff last week against Grigol Vashadze, who was supported by the opposition United National Movement. Zurabishvili’s 16-point margin of victory was unexpectedly wide given her razor-thin lead in the first round of voting held in October, and the election process was marred by accusations of electoral irregularities and an unlevel playing field. In an interview with WPR, Paul Stronski, a senior fellow in the Russia and Eurasia Program at the Carnegie Endowment for International Peace, discusses the […]

PARIS—What to make of the Yellow Vests? For a third week in a row, they continue to dominate the news. Televised scenes of pitched street battles between protesters and police on Saturday raised alarm about an “insurrectional atmosphere” unseen in France since May 1968. Reports suggested that French President Emmanuel Macron might declare a state of emergency in response. Instead, in his first sign of retreat since taking office in May 2017, Macron agreed yesterday to suspend the planned fuel tax hike that served as the catalyst for the popular mobilizations that have transfixed, if not exactly paralyzed, the country. […]

As widely expected, U.S. President Donald Trump and his Chinese counterpart Xi Jinping declared a truce in their trade war over dinner in Buenos Aires this past weekend. According to the White House statement after the meeting, Xi committed to increase imports of American agricultural and energy products to reduce the bilateral trade deficit and to immediately begin negotiations over China’s unfair trade policies. In exchange, Trump agreed that he would not increase tariffs from 10 percent to 25 percent on $200 billion in Chinese exports as scheduled on Jan. 1, but that he could do so later if there […]

MEXICO CITY—Andres Manuel Lopez Obrador was officially sworn in as Mexico’s new president on Dec. 1, but for many Mexicans, it seemed as if he had already taken office months ago, eager to shake things up. Near-daily press conferences on the steps of his Mexico City apartment building, promises of informal popular referendums on any number of policy issues, and a notably antagonistic stance toward both opposition forces and the media suggest a new era of uncertainty for Mexico. The veteran leftist, better known in Mexico by his initials “AMLO,” rode to a landslide victory in July’s election, vowing to […]