Economics & Business Archive

On Monday, the European Union’s member states approved a package of controversial reforms to the bloc’s copyright laws, known as the Copyright Directive, that the European Parliament passed last month. It came just after Australia implemented a new law to police certain content on social media following the mass shooting at two mosques in New Zealand, which the attacker had livestreamed on Facebook. And last week, the United Kingdom entered the fray, releasing a widely anticipated white paper on “online harms” about keeping citizens safe online. Together, all three developments represent ways that democratic governments are building out content-filtering regimes […]

As part of his ongoing tirade against immigration, President Donald Trump has threatened to shut down the southern border completely. First, he said he would take action if Mexico doesn’t stop the flow of migrants; later, his demand was Mexico ending drug trafficking. Maybe it is both, though neither is feasible. When there was a hue and cry about the extreme disruption that would ensue from closing the border, Trump retreated, saying he would give the Mexican government a year to meet his demands before taking any action. He also downplayed that threat and raised the specter of imposing a […]

Sudan has experienced more change in the past week than in the previous three decades under President Omar al-Bashir, who was deposed in a coup d’état on April 11 following four months of mass protests. Many Sudanese, however, have had little time to savor the euphoria of Bashir’s departure. Their most immediate task is to preserve and protect their revolution from the military leaders they fear will subvert it. Protesters have had some initial success, rejecting the self-appointed head of the new transitional military council, Lt. Gen. Ahmed Awad Ibn Auf, who was considered unacceptably close to the old regime. […]

The reasons for U.S. involvement in the Middle East are becoming obsolete, but policy and strategy aren’t keeping pace. Find out more with your subscription to World Politics Review (WPR). The security environment in the Middle East may be the most complex on earth, with an intricate, volatile and sometimes shifting mixture of destabilizing forces and hostilities. There are deadly power struggles within and between nations. And behind it all is the Middle East’s massive oil production, on which the global economy depends. The United States first ventured into the Middle East early in the Cold War and has remained […]

Indonesians go to the polls this week to elect their president and a new parliament. It is the first time in Indonesia’s modern history that both elections will be held on the same day. But most of the focus is on the presidential race and incumbent Joko Widodo, widely known as Jokowi, who remains the strong favorite against challenger Prabowo Subianto, a former lieutenant general whom he defeated in a tight election five years ago. Most polls show Jokowi with a wide lead, although Prabowo’s campaign could be picking up steam in its final days. If Jokowi is reelected, he […]

On March 27, Indian Prime Minister Narendra Modi took to the airwaves to make a dramatic announcement: India had successfully shot down one of its own satellites in low-Earth orbit with a missile. Only three other countries have demonstrated that capability: Russia, China and the United States. “India stands tall as a space power,” Modi declared, noting that the technology had been developed indigenously. But Modi’s glee at this demonstration of his country’s technological prowess was not shared by many space experts, who caution that the debris created by the missile test poses a threat to other satellites and spacecraft […]

Since Abiy Ahmed became prime minister of Ethiopia a year ago, domestic and foreign observers have heavily scrutinized his political reforms and, especially, the peace deal he reached last year with Eritrea. But the changes he’s introduced extend farther afield. On the foreign policy front, Abiy has demonstrated a willingness to engage with wealthy Middle Eastern countries on the other side of the Red Sea, dismissing his predecessors’ wariness of becoming entangled in the region’s politics. Evidence of this engagement was first apparent in the role that Gulf countries, especially Saudi Arabia, played in brokering the Eritrea peace deal. It […]

President Donald Trump likes to claim that the tariffs he has imposed on steel, aluminum, washing machines, solar panels and a variety of other imports are forcing foreigners to pay for the privilege of selling their goods in the American market. But what does the data say? Are American firms and consumers in fact paying the price? Two new empirical studies shed light on the answer, and, unfortunately for the president, neither one supports his position. The authors of these studies have carefully parsed the data and analyzed the distribution of the tariffs’ costs—internationally and among various groups and regions […]

ADDIS ABABA, Ethiopia—Since protests swept 42-year-old Abiy Ahmed into power as Ethiopia’s prime minister a year ago, the country has undertaken a dramatic series of changes. Abiy has ended Ethiopia’s two-decade conflict with its neighbor Eritrea, introduced ambitious reforms designed to lessen repression, and vowed to organize Ethiopia’s first free and fair elections. Taken together, these developments from Africa’s youngest head of state amount to an attempted revolution from within Ethiopia’s long-ruling coalition. As Ethiopia remakes itself at home under Abiy, it is also forging a new set of ties with wealthy Middle Eastern nations across the Red Sea, breaking […]

When the European Commission recently attempted to blacklist 23 countries that it accuses of maintaining deficient systems to restrict money laundering and terrorism financing, a technocratic spat quickly escalated into a diplomatic dispute. Though only one element of sweeping reforms intended to strengthen the European Union’s own anti-money laundering regime, the list not only had the predictable effect of enraging countries included on it—such as Saudi Arabia and three U.S. territories—but also provoked insurmountable criticism from within the EU itself. The list was ultimately rejected by 27 of 28 member states after a fierce lobbying campaign, forcing the European Commission […]

The world is losing its battle against climate change. Greenhouse gas emissions rose to record levels last year, as countries lagged in meeting their already inadequate pledges under the Paris Agreement. Based on the current trajectory, the warming Earth will blow well past the 2-degrees Celsius ceiling widely agreed to be the maximum acceptable increase in average global temperatures before catastrophic impacts set in. In the face of this looming threat, climate change mitigation and adaptation efforts are necessary but insufficient. Humanity must also consider a third option it has long resisted: geoengineering, or the deliberate, large-scale manipulation of the […]

Loyal followers of U.S. President Donald Trump might enthusiastically proclaim that his “America First” foreign policy has been a success. His apologists more modestly argue that, if you ignore Twitter and focus on Trump’s actions, what little has changed in U.S. foreign policy is for the better. Whether enabled by ideological blinders or driven by partisan hackery, both claims are quite simply wrong. After more than two years of Trump’s amateurish bluster, no amount of posturing and self-declared victories can obscure the damage he has done to America’s interests. His failures are now on prominent display in Iran, North Korea […]

Economic sanctions are not a panacea for national security and other foreign policy challenges, though American policymakers often treat them as such. Just in the past year, the Trump administration has imposed new sanctions against Iran, North Korea, Russia and Venezuela, many of them building on sanctions previously imposed by the Obama administration. The overall results are mixed, although in some of these cases, sanctions have contributed to changes in foreign behavior that the United States finds discomfiting or dangerous. Tough United Nations sanctions against Iran, under President Barack Obama, and North Korea, under President Donald Trump, forced both Tehran […]

Ethiopian Airlines is dealing with its biggest challenge in years following the crash last month of Nairobi-bound Flight 302 soon after takeoff in Addis Ababa. All 157 people onboard were killed. The crash raised serious questions about the safety of the Boeing 737 Max jet, which was involved in another fatal accident last year in Indonesia. For all the focus on the crash in Ethiopia, major African carriers and civil aviation entities have made significant strides in improving their safety records in recent years, says Daniel Kwasi Adjekum, an assistant professor of aviation at the University of North Dakota’s John […]