Economics & Business Archive

Hanoi’s role as host of the second summit between U.S. President Donald Trump and North Korean leader Kim Jong Un put U.S.-Vietnam ties in the spotlight. Over the past decade, Hanoi and Washington have succeeded in putting the bitter memories of the Vietnam War behind them to forge a mutually beneficial relationship. But the jolt of Trump’s withdrawal from the Trans-Pacific Partnership early in his term and several potential irritants could complicate efforts to develop even closer ties. In an email interview, Carlyle A. Thayer, emeritus professor at the University of New South Wales, Canberra, explains the impact of the […]

QUETTA, Pakistan—Crown Prince Mohammed bin Salman visited Pakistan last week and promptly pledged twice the amount of Saudi investment in infrastructure that observers had expected: $20 billion. Though it may not all be delivered, the promised money signaled the growing Saudi role in major infrastructure development in Pakistan. Until last year, such projects were being funded prominently, and almost exclusively, by China. But last fall, soon after Prime Minister Imran Khan took office, Pakistan unexpectedly invited Saudi Arabia to join the China-Pakistan Economic Corridor, or CPEC—the big-ticket Pakistan component of China’s huge Belt and Road Initiative, which was previously only […]

Editor’s Note: Every Friday, WPR Senior Editor Robbie Corey-Boulet curates the top news and analysis from and about the African continent. Algeria’s ailing, 81-year-old president, Abdelaziz Bouteflika, announced his candidacy for a fifth term last month in the quietest manner possible, issuing a statement to the state news agency. Given his health problems, which have kept him largely out of the public eye in recent years, analysts speculated that Bouteflika was incapable of launching his re-election bid any other way. The response by Algerians, however, has been anything but quiet. In recent days, they’ve taken to the streets in the […]