Economics & Business Archive

Violent protests in Haiti have paralyzed much of the country, as demonstrators vent their anger at ongoing, severe fuel shortages and widespread corruption at the highest levels of government. In a pre-recorded television address that aired at 2 a.m. last Wednesday, President Jovenel Moise called for national unity and dialogue with the opposition, but that appears to have done little to assuage the protesters, who say they will not rest until Moise steps down. In an email interview with WPR, Vincent Joos, an expert on Haiti at Florida State University, discusses the roots of the political and economic crisis in […]

The foreign ministers of China, Japan and South Korea met in Beijing last month, where they agreed to seek closer economic ties and push for “free and fair trade” amid a climate of rising protectionism. A leader’s summit in China could follow later this year— an opportunity, perhaps, to resolve some festering troubles in a region mired in mistrust. This diplomatic progress in collective ties comes at an inauspicious time. Attempts by Beijing, Tokyo and Seoul to work together have been undermined constantly over the past decade due to various rivalries in Northeast Asia. An inaugural trilateral leaders’ summit was […]

Amid signs that both sides are trying to tamp down the trade war, at least for now, American and Chinese negotiators are planning to resume trade talks in early October. China recently exempted some U.S. goods from its retaliatory tariffs and is signaling that it may allow the private sector to resume purchasing American agricultural commodities. President Donald Trump in turn delayed by two weeks increasing the tariffs on $250 billion in Chinese exports from 25 percent to 30 percent. He said the delay, to Oct. 15, was a “gesture of goodwill,” since the leadership in Beijing will be celebrating […]

The rise of populism, President Donald Trump’s “Make America Great Again” mercantilism, the worsening U.S.-China trade war and fears of a global recession all point to a new protectionist era. Yet new trade deals are still being signed, perhaps most prominently in Latin America, where at least some politicians remain enthusiastic about free trade. The region reflects the current push and pull over the terms of globalization, and how the ideas that initially drove it are being upended. There are currently over 300 free trade agreements in force around the world. They come in different shapes and sizes, but the […]

Kelly Knight Craft, America’s new ambassador to the United Nations, is about to have a tough week at work. With the crisis escalating over Saturday’s airstrikes on an oil processing facility and nearby oil field in Saudi Arabia, there’s no telling how things will go between now and the kick-off of the U.N. General Assembly in New York on Sept. 24. There is little doubt though that Craft will play a leading role as the U.S. and Saudi Arabia seek to make a case for the U.N. Security Council to take strong action against Iran, which Washington and Riyadh have […]

Editor’s Note: Every Wednesday, WPR Newsletter and Engagement Editor Benjamin Wilhelm curates the week’s top news and expert analysis on China. A Chinese delegation led by Deputy Finance Minister Liao Min traveled to Washington on Wednesday to lay the groundwork for trade negotiations with the United States that are set to begin in October. The visit follows several goodwill measures by both sides, as they seek to contain the costs of an escalating trade war. A comprehensive trade deal is still a distant prospect, but a more limited agreement appears to be within reach. Last Wednesday, China published a short […]

Trade has rarely been a major issue in American presidential elections, but that could change in 2020. The obvious way for Democratic candidates to differentiate themselves from a protectionist, “trade wars are good, and easy to win” President Donald Trump would be to embrace free trade more. But Democrats traditionally have been more critical of free trade than Republicans, and the leftward tilt among party activists and some leading candidates makes that even more likely next year. So far, only former Maryland Congressman John Delaney has embraced the free trade alternative, and he is doing so poorly in polls that […]

LA PAZ, Bolivia—Gold mining has surged in Bolivia over the past 15 years, so much that gold is now the country’s third-largest export, trailing only zinc and natural gas. But as mining activities damage more of the environment, the Bolivian government’s ability to keep this boom in check is being tested. The vast majority of the gold mining is small-scale and centered in northern Bolivia, in the Amazon, where the state’s presence thins out rapidly. New mining operations are mostly alluvial, with many involving large boats known as dragas that sit in a river, sucking up the silt beneath them […]

As a United Nations report revealed earlier this month, North Korea continues to dodge international sanctions and raise money for its nuclear weapons program, despite attempts to bar it from the global financial system. The report from the panel of experts charged by the U.N. Security Council with overseeing enforcement of U.N. sanctions on North Korea conclusively shows how Pyongyang capitalizes on an old method of sanctions-busting—smuggling—and a much newer one: hacking. In both cases, its tactics are getting more innovative. When it comes to smuggling, North Korea’s use of ship-to-ship transfers continues to circumvent sanctions “unabated,” including through previously […]

Africa’s technology sector jumped into the global spotlight earlier this year when Jumia, an e-commerce platform that started in Nigeria in 2012 and is often referred to as “the Amazon of Africa,” became the first African start-up to be listed on the New York Stock Exchange. Jumia’s success underlines the increased prominence of start-up culture and technology entrepreneurs across Africa. For this week’s Trend Lines interview, WPR’s Elliot Waldman is joined by Bitange Ndemo, a professor of entrepreneurship at the University of Nairobi and former official in Kenya’s Ministry of Information and Communication, for a discussion on Africa’s digital renaissance. […]

Editor’s Note: Every Wednesday, WPR Newsletter and Engagement Editor Benjamin Wilhelm curates the week’s top news and expert analysis on China. For months, pork prices in China have risen steadily as the country battles an epidemic of African swine fever, a disease that is not harmful to humans but is fatal to pigs. Government data released this week showed a 50 percent increase in pork prices in August compared to the same time last year. Pork is a favorite among Chinese consumers, and with several major holidays around the corner, authorities are treating the shortage as a “national priority.” China […]

It didn’t take long for the U.S.-China trade war to get worse. Even though negotiators have agreed to meet in Washington next month, they are unlikely to see a breakthrough. If things continue on their current course, they will keep getting worse from now until the end of the year, when there will be tariffs of 15 to 30 percent on almost everything the United States imports from China. In part because of the trade war, Chinese economic growth is now expected to fall below 6 percent later this year. Slowing global trade is also hitting the export-driven German economy, […]

Parties to the Convention on International Trade in Endangered Species of Wild Fauna and Flora, known as CITES, held their 18th conference last month in Geneva. Many conservation advocates welcomed the results of the meeting, which established new protections for a variety of species, from giraffes to sea cucumbers. In a phone interview with WPR, Tanya Sanerib, the international legal director at the Center for Biological Diversity, an environmental group, discusses the many positive outcomes from this year’s CITES meeting and the hard work that remains to prevent more species from going extinct. The following transcript has been lightly edited […]

After a four-year pause, Iran resumed its satellite program earlier this year, although two attempted launches in January and February both failed, followed by a third failed launch in late August. Together, they are a major setback for a space program that has long been hampered by the strains of international sanctions, including the ones these tests provoke, like the latest U.S. sanctions on Iran’s space agencies imposed this week. Even though a failed test is an opportunity for Iranian engineers to troubleshoot their rocket designs, the series of failures this year demonstrate the challenges that Iran must overcome before […]

Amid the gyrations of his trade war with China, President Donald Trump was eager to trumpet his administration’s progress in negotiating a trade agreement with Japan during the recent G-7 summit in France. Unfortunately for him, Prime Minister Shinzo Abe and Trump’s own chief negotiator, U.S. Trade Representative Robert Lighthizer, sounded a far more cautious note, with Abe even pushing back gently on some of Trump’s claims. While Trump predicted the agreement would be signed in September during the meeting of the United Nations General Assembly in New York, it is still not clear when, or even if, the outstanding […]

Anti-government protesters have vandalized the offices of French officials aligned with President Emmanuel Macron in recent weeks, part of an ongoing backlash against the recent approval of a free trade agreement between Canada and the European Union. The Comprehensive Economic and Trade Agreement, or CETA, was ratified by the French legislature in late July, prompting farmers and environmental groups to target the offices of legislators and local officials who belong to Macron’s Republic on the Move party. In an email interview with WPR, Gerry Alons, an assistant professor of international relations and a trade policy expert at Radboud University in […]

KAMPALA, Uganda—Pastor Joseph Kabuleta was arrested while drinking coffee in a Kampala shopping center, shoved in the back of a car and blindfolded. Held in police detention for several days in July, Kabuleta said he was tortured by officers, who beat him and drenched him in freezing water. His only crime was a Facebook post criticizing a senior military official, Gen. Muhoozi Kainerugaba, the son of President Yoweri Museveni. Kabuleta’s case is not unique in Uganda, where Museveni has held onto power for decades by almost any means necessary. The pastor’s arrest was another example of how Ugandans are using […]