Economics & Business Archive

ISTANBUL—After 17 years in power, Turkish President Recep Tayyip Erdogan and his governing Justice and Development Party, the AKP, face perhaps their toughest test yet. Voters in Istanbul will head to the polls again on June 23 to elect a mayor for the second time in three months, after Turkey’s Supreme Election Council controversially canceled the results of the March vote, which the opposition narrowly won. The Supreme Election Council cited irregularities, backing a complaint brought by Erdogan and his party. All 11 of the board’s members were appointed under Erdogan’s government. Just as the opposition’s surprising win in Istanbul […]

Last week, the United Nations Intergovernmental Panel on Biodiversity and Ecosystem Services, or IPBES, put out a call to arms to save endangered species and ecosystems. The body’s report, titled “Global Assessment Report on Biodiversity and Ecosystem Services,” was based on the work of hundreds of scientists and thousands of scientific studies. It warned that no fewer than a million animal and plant species are at risk of extinction around the globe. “Biodiversity is declining faster than at any time in human history,” the report lamented—and humans are to blame. We have long taken the innumerable goods that nature provides […]

In late March, China held an international fleet review to mark the Chinese navy’s 70th anniversary. In addition to the large Chinese contingent, 13 countries sent warships to the port city of Qingdao, on the coast of the Yellow Sea, while some 60 countries sent delegations to participate in the commemorations. The fleet review provided an opportunity to showcase the various advances in the Chinese navy and served as another public display of China’s growing military might. At the same time, though, it also exposed some of the Chinese navy’s enduring shortcomings. The fleet review, which involved 32 Chinese naval […]

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 talk about the latest repercussions of Trump’s pressure campaign on Iran and trade war with China, both of which escalated this week. They also take a look at some important election-related developments in South Africa, Thailand and Turkey. 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 […]

Though the government maintains a stance that they are illegal and undesirable, the use of drugs in North Korea, particularly crystal meth, appears to be growing as state actors profit from its production and sale. The use of illegal drugs in North Korea appears to be on the rise. Radio Free Asia reported that crystal meth was popular as a gift during February’s Lunar New Year holiday, and the Daily NK, a Seoul-based news site, recently reported that drug addiction is increasingly prevalent among the country’s youth. The appeal of crystal meth, which is widely produced in North Korea and […]

Exactly one year after the Trump administration pulled out of the Iran nuclear deal, tensions between Washington and Tehran are escalating sharply amid confusion about what, exactly, the U.S. sees as its end goal. For Iran, uncertainty about what President Donald Trump wants to achieve and what he is prepared to do to get there presents a menu of risky choices. On Wednesday, Iran announced it was withdrawing from parts of the Joint Comprehensive Plan of Action, or JCPOA, the initially seven-nation agreement struck in 2015 curbing Iran’s nuclear program that was central to former President Barack Obama’s foreign policy. […]

One of the promises Emmerson Mnangagwa made after becoming Zimbabwe’s president in late 2017 was to reach a compromise on one of the most divisive issues in the country: how to compensate the estimated 4,500 white farmers whose property was violently expropriated under Robert Mugabe. But Mnangagwa’s attempts to take a more conciliatory tone risk creating new divisions and reopening old wounds. Mnangagwa is trying to strike a nearly impossible balance, treating the land seizures under Mugabe’s so-called fast track land reform program as “irreversible” while offering “appropriate compensation” to dispossessed white farmers, but only for improvements they made to […]

As South Korean President Moon Jae-in heads into his third year in office this week, he faces a familiar political burden. Ever since South Korea’s transition to democracy in the late 1980s, its presidents have been limited to a single five-year term. That stipulation in the constitution, which otherwise grants substantial political power to the presidency, was intended as a constraint on the executive branch following decades of authoritarian rule. It also tends to cause the rapid onset of lame-duck syndrome, as most modern-day South Korean presidents see an average decline in both approval ratings and political capital over the […]

Editor’s Note: Every Wednesday, WPR Newsletter and Engagement Editor Benjamin Wilhelm curates the week’s top news and expert analysis on China. The United States has offered its harshest assessment yet of the mass detention of Uighur Muslims in China’s western Xinjiang autonomous region. Speaking at a press briefing Friday, Randall Schriver, the assistant secretary of defense for Indo-Pacific security affairs, said China is “using the security forces for mass imprisonment of Chinese Muslims in concentration camps.” Pressed on his use of the term “concentration camps,” Schriver defended it as “appropriate.” He also said that “at least a million but likely […]

The World Trade Organization recently released a decision that it surely would have preferred to avoid. Ukraine had challenged restrictions on its exports imposed by Russia in the wake of its 2014 takeover of Crimea. The Russian government claimed that an exception to international trade rules allowed it alone to decide when trade restrictions are “necessary” for national security reasons. Moscow argued that the WTO should have no role in adjudicating the dispute. Since the WTO had never previously ruled on the national security justifications for trade restrictions, the Russia-Ukraine case is important in its own right. But lurking behind […]

Honduras was rocked by mass protests last week against proposed reforms of the health and education sectors that demonstrators feared would lead to mass layoffs of teachers and health professionals. The rallies were mostly peaceful but turned violent in some places after demonstrators clashed with riot police. The Honduran government responded by putting the proposed reforms on ice and calling for dialogue with labor union leaders. WPR spoke recently with frequent contributor Christine Wade, a Latin America specialist at Washington College, about the deep crisis facing Honduras. Last week’s protests tapped into a powerful undercurrent of frustration with President Juan […]

The United States and Turkey have engaged in extensive diplomacy for over a year and a half now to try and resolve the festering dispute over the Turkish government’s decision to buy the advanced S-400 missile defense system from Russia. President Donald Trump and President Recep Tayyip Erdogan have spoken about it personally several times, including in a phone call late last month. But the rift between the two is still too great to bridge. How this standoff is resolved, if at all, could permanently alter the trajectory of U.S.-Turkey relations, and by extension, Turkey’s role in NATO and its […]

Concerns about Russian activities across Africa have been growing for some time, and new revelations about the Kremlin’s alleged efforts to interfere in the most recent presidential election in Madagascar have lifted the veil on what looks like a concerted campaign to expand Moscow’s influence by a variety of means. As outlined in a BBC documentary last month, in addition to investigative reporting by The Project, an independent Russian journalism collective, these efforts have been spearheaded by Yegveny Prigozhin, a Russian oligarch close to President Vladimir Putin who is known as “Putin’s Chef.” Prigozhin rose to prominence after he was […]

Editor’s Note: Every Wednesday, WPR Newsletter and Engagement Editor Benjamin Wilhelm curates the week’s top news and expert analysis on China. Chinese and American trade negotiators are meeting in Beijing this week, with another round of talks scheduled for next week in Washington. Negotiators appear to be closing in on a deal to end the trade war that has been the focal point of tensions between the world’s two largest economies since last summer, but key details have yet to be finalized. That has not stopped some observers from envisioning how a prospective U.S.-China agreement will affect the international trading […]

Narendra Modi has been associated with Hindu nationalism, or the notion that India is for Hindus first and foremost, since long before he became prime minister in 2014. Nevertheless, the manifestations of Hindu nationalism on display during his first term have alarmed his critics. They include controversial proposals to place new restrictions on citizenship as well as “cow protection” gangs, vigilantes who have killed dozens of people as part of a violent campaign against the trade and consumption of cattle. Modi’s government, and Modi himself, have taken pains not to explicitly champion a “Hindu first” agenda, yet the government’s policies […]

When Khalifa Haftar, the leader of the self-declared Libyan National Army, released an audio message announcing his offensive on Libya’s capital, Tripoli, on April 4, he likely expected things to go very differently. Despite being the centerpiece of a United Nations political process that his international backers—primarily France, the United Arab Emirates and Egypt—had essentially hijacked to provide him a diplomatic route to uncontested power in Libya, Haftar used the assault on Tripoli to send a clear message that he rejected even the semblance of diplomacy and power-sharing. After all, it began on the same day that U.N. Secretary-General Antonio […]