Economics & Business Archive

In this week’s editors’ discussion episode of the Trend Lines podcast, WPR’s editor-in-chief, Judah Grunstein; managing editor, Frederick Deknatel; and associate editor, Elliot Waldman look at what to expect from President Donald Trump’s visit to the United Kingdom, Ireland and France next week. The editors also discuss the many diplomatic, economic and security-related issues facing the trans-Atlantic alliance. 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 day […]

Last month, Iraqi Prime Minister Adel Abdul Mahdi made his first trip to Saudi Arabia, where he met with Crown Prince Mohammed bin Salman. The visit was part of a broad effort by Saudi Arabia to counter the growing regional influence of its rival, Iran, by deepening political and economic ties with Iraq. For Iraq, too, a closer relationship with Saudi Arabia allows it to diversity its foreign policy. But the two neighbors’ efforts to mend fences will take time, and will need to overcome many tricky obstacles, says Elizabeth Dickinson, senior analyst for the Arabian Peninsula at the International […]

Editor’s Note: Every Wednesday, WPR Newsletter and Engagement Editor Benjamin Wilhelm curates the week’s top news and expert analysis on China. Earlier this month, Iranian Foreign Minister Mohammad Javad Zarif traveled to Beijing, where he met with his Chinese counterpart, Wang Yi. The visit, part of an Asian tour to promote Iran’s economic engagement with the region amid intense sanctions pressure from the United States, led some to wonder whether China and Iran’s tensions with Washington are pushing them to increase their cooperation. At the beginning of the month, the U.S. ended sanctions waivers for eight countries that import Iranian […]

President Donald Trump’s policies to “make America great again” often reflect a fondness for an earlier era that was not so great for everyone. Some of his judicial nominees have declined to affirm that the Supreme Court’s ruling in Brown v. Board of Education, which struck down segregation in public schools, is the settled law of the land. Trump’s immigration policies hark back to a time when there were national quotas that favored some ethnic groups over others. Recent trade developments also suggest a yearning for the golden days of yesteryear. The 1950s are widely remembered as a time of […]

ATHENS—Last September, a story consumed Greek media outlets. A fatal altercation had taken place near Omonoia Square, a neglected plaza in downtown Athens known primarily for its small shops, markets and Middle Eastern restaurants. According to initial reports, a knife-wielding drug user had attempted to rob a jewelry store, only to be apprehended by the owner and killed during the fight that ensued. Within hours, the story became a sensation, a fact that had less to do with its details, which were scant, than with Greece’s current political climate. It presented a prime opportunity for New Democracy, the center-right opposition […]

Editor’s Note: Every Wednesday, WPR Newsletter and Engagement Editor Benjamin Wilhelm curates the week’s top news and expert analysis on China. In the past year, U.S. President Donald Trump has launched a damaging trade war with Beijing, as well as an all-out assault against Chinese telecommunications firm Huawei. But tit-for-tat tariffs are hurting consumers and farmers, requiring sacrifices on the part of the American public. With no end in sight to the trade tensions, are American voters prepared to bear the costs of all-out economic war with China? This question could be central to Trump’s political fate, but Democratic candidates […]

The tit-for-tat trade war between the United States and China is costly enough, but it could be morphing into something far more serious. A week after raising tariffs on $200 billion in imports from China, the Trump administration took aim at Huawei, the Chinese company leading the global race to create new, faster 5G telecommunications networks. The new regulations would, if fully implemented, restrict Huawei’s ability to access the U.S. market, either for exports of its products or for imports of key technologies. There are reasons to be concerned about Beijing using Huawei’s networks for nefarious purposes, as well as […]

It doesn’t seem like an accident that Egypt’s prime minister, Mostafa Madbouly, used to be the country’s housing minister and, before that, the head of the government agency that came up with elaborate, mostly unrealistic urban development plans, including one that reimagined Cairo as Dubai in the Nile Valley. Since President Abdel Fattah el-Sisi took power in a coup in 2013, he has set out to build. Canals, bridges, cities—they are all part of an old school nationalist development agenda redesigned for the 21st century. Taking their cues from recent building sprees in China and the Gulf states, Sisi’s megaprojects […]

Editor’s Note: This article is part of an ongoing series on immigration and integration policy around the world. Anti-immigrant rhetoric has steadily seeped into mainstream political discourse in South Africa, where immigration has long been a contentious issue as the country is a primary destination for migrants from across the African continent. In the general election earlier this month, both major political parties, the ruling African National Congress and the opposition Democratic Alliance, advocated stricter controls on immigration. In an email interview with WPR, Loren B. Landau, a migration expert at the University of the Witwatersrand in Johannesburg, discusses the […]

Fifty years after Apollo 11 astronauts first walked on the moon, the world is entering a new Space Age. Outer space, a domain once reserved for the great powers, is democratizing. New “space-faring” nations and private corporations are entering the final frontier, taking advantage of breakthrough technologies and lower financial barriers. The possibilities for humanity are immense. They include new opportunities for communication, for observing and understanding the Earth’s natural systems, for exploring the solar system and the heavens beyond, for exploiting space-based resources, and for constructing planetary defense systems to protect the planet from catastrophic collisions with near-Earth objects—asteroids, […]

QUETTA, Pakistan—In the early hours of April 18, a group of militants in southwestern Pakistan blocked the coastal highway that connects the port of Gwadar, near the Iranian border, to Karachi farther east. The militants stopped six buses near a mountain pass and checked the identity cards of all the passengers. They singled out 14 members of Pakistan’s armed forces, and then executed them all. People across Pakistan woke up to the disturbing news the next morning. Hours later, a coalition of three Baloch separatist groups, known as Baloch Raaji Aajoi Sangar, or BRAS, claimed responsibility for the attack. A […]

In this week’s editors’ roundtable, WPR’s editor-in-chief, Judah Grunstein, managing editor, Frederick Deknatel, and associate editor, Elliot Waldman, talk about new fears of a war between the U.S. and Iran as tensions continue to rise. They also discuss the future of U.S.-China relations as the trade war rumbles on, and the implications of a new Cold War for a globalized world. 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 […]

Mexico’s drug policies could be in for some sweeping changes, and with them the country’s relations with the United States. Last week, President Andres Manuel Lopez Obrador announced that his administration would seek to revise the Merida Initiative, the $3 billion U.S. aid package that has largely funded Mexico’s war on drugs. In a press conference May 9, Lopez Obrador, widely known in Mexico as AMLO, said his administration does not “want aid for the use of force, we want aid for development.” The announcement came shortly after the Mexican government released a National Development Plan for the next five […]

When the trade war between China and the United States began last year, a number of countries expected to emerge as winners. After all, if Beijing and Washington imposed tariffs on each other’s goods, it would open new markets for bystander countries not directly involved in the fray. Now, however, the escalating trade war is making everyone more anxious, even in countries that thought they stood to benefit. The fact is, a trade war of this magnitude inevitably reverberates across much of the world. Even worse, its impact has the potential to reach beyond economics. History, including recent Latin American […]

Editor’s Note: Every Wednesday, WPR Newsletter and Engagement Editor Benjamin Wilhelm curates the week’s top news and expert analysis on China. The trade war between China and the United States is heating up again, with no resolution in sight. As promised, U.S. President Donald Trump more than doubled tariffs on $200 billion in Chinese goods Friday, the same day trade talks in Washington between Chinese and American negotiators ended without a deal. Beijing retaliated Monday by slapping higher tariffs on $60 billion in U.S. goods. With both sides dug in for a potentially lengthy battle, Beijing’s propaganda apparatus has called […]

While campaigning for U.S. president, Donald Trump sold himself as a great negotiator who would get tough and get things done. That image took a big hit after Trump’s capitulation to Congress over his needless government shutdown earlier this year, and his failure to get additional funding for his border wall. It took another hit last week when three of Trump’s foreign policy priorities suffered setbacks: Iran announced that it would stop adhering to some provisions of the international deal curbing its nuclear program; North Korea resumed ballistic missile launches; and Beijing reneged on commitments aimed at resolving the U.S.-China […]

Editor’s Note: This article is part of a series on immigration policy around the world. Like many other advanced economies, Russia faces serious demographic challenges in the coming decades. According to government projections, the population is expected to shrink by 2.5 million people by 2035, and the active working-age population will likely decrease by 3.1 million people. Russian federal and state authorities recognize the need to hold these trends in check by keeping the country’s doors open, but immigrants, particularly migrant workers, often have trouble accessing social services and must navigate a complex patchwork of rules and regulations in order […]