Economics & Business Archive

This is the web version of our subscriber-only Weekly Wrap-Up newsletter, which gives a rundown of the week’s top stories on WPR. Subscribe to receive it by email every Saturday. If you’re already a subscriber, adjust your newsletter settings to receive it directly to your email inbox. By now, the shock of the Taliban takeover of Afghanistan has begun to wear off. But the outrage over the Biden administration’s handling of the evacuation of Western civilians and Afghan nationals at risk of Taliban retaliation seems to have only risen this week, even as the airlift gathered pace. That outrage turned to horror Thursday, when […]

The extraordinary demographic change currently sweeping Africa is one of the most important challenges facing humankind over the remainder of this century. United Nations projections predict that from its present population of nearly 1.4 billion people, the continent’s population will approach 4.5 billion people by 2100, which is the staggering equivalent in population terms of two Chinas and one India. Other carefully considered efforts to project global population trends, such as a recent study published in the Lancet, predict an even larger African population two generations hence. Demographic growth on such a scale will affect nearly every human question one […]

Editor’s Note: Guest columnist Kate Jones is filling in this week for Emily Taylor. Efforts to regulate social media platforms are gathering pace in the United Kingdom. In May, the British government published its draft Online Safety Bill, which will be studied by a Joint Committee of Members of Parliament and the House of Lords chaired by MP Damian Collins this autumn. Collins led parliament’s exposé of the 2018 Cambridge Analytica scandal and is a leading U.K. voice on disinformation and digital regulation. In parallel, the House of Commons’ Sub-Committee on Online Harms and Disinformation will also lead an enquiry […]

Data released earlier this year showed that South Korea’s fertility rate is now the world’s lowest, at 0.84 births per woman in 2020, contributing to the country’s first-ever population decline. Other major powers in the region—including China and Japan, the world’s No. 2 and No. 3 economies, respectively—also have rapidly graying populations.  On the Trend Lines podcast this week, Ronald D. Lee, a demographer and economist at the University of California, Berkeley, joined WPR’s Elliot Waldman to discuss the implications of East Asia’s demographic transition, and what policies can be implemented to address it.  Listen to the full conversation here: […]

Editor’s Note: This is the web version of our subscriber-only weekly newsletter, China Note, which includes a look at the week’s top stories and best reads from and about China. Subscribe to receive it by email every Wednesday. If you’re already a subscriber, adjust your newsletter settings  to receive it directly to your email inbox. While the rest of the world continues to be shocked at the harrowing scenes and images accompanying the U.S. military evacuation from Afghanistan, Chinese nationalist media pundits like Hu Xijin, the editor-in-chief of the hawkish, state-owned tabloid Global Times, have made little effort to hide their glee […]

The results of China’s once-a-decade census, released in May after a one-month delay, showed that the population of mainland China grew at an average rate of 0.53 percent each year between 2010 and 2020. The official results contradicted an earlier report by the Financial Times, which indicated the census figures would actually show a population decline.  What is certain, though, is that the combination of higher life expectancies and lower fertility rates poses a huge challenge for East Asia’s largest economy, and for other major economies in the region as well. Japan, South Korea, Taiwan and Singapore all have population […]

Ever since the first cities emerged as a form of human settlement, urbanites have pondered their future. Plato’s “Republic,” written 2,400 years ago and still read on college campuses today, put forth a vision of Kallipolis, a beautiful “just” city-state run by a philosopher king who prioritized the “power of knowledge,” but who nevertheless resembles a benevolent dictator. A millennium and a half later, Thomas More’s landmark “Utopia” imagined a peaceful island metropolis where citizens would share goods and meals, learn a given trade and worship freely—albeit while also enslaving people, though many believe the inclusion of slavery was more ironic […]

In recent weeks, a series of attacks on commercial shipping in and near the Persian Gulf have been unofficially attributed to Iran, including a drone attack that killed two mariners in the Gulf and an attempted hijacking of a commercial vessel in the Strait of Hormuz. Along with another suspected attack, in which several ships simultaneously reported difficulties in steering, these incidents highlight both the importance of commercial shipping to the global economy and the sector’s vulnerability to asymmetric tactics, including cyberattacks. They also show how Iran is using cyberattacks to demonstrate its capabilities, and signal what to expect from […]

The most recent assessment report on the state of climate science, released last week by the Intergovernmental Panel for Climate Change, or IPCC, eliminates any remaining shred of doubt about the anthropogenic origins of global warming, calling the evidence of human activity’s responsibility “unequivocal.” The report also identifies how quickly humanity needs to slash emissions to avoid catastrophe, given the accumulated stock of greenhouse gases already present in the atmosphere. Under any conceivable scenario, average temperatures will continue to rise for decades to come. The magnitude of that rise is up to us. Unfortunately, the window to prevent massive dislocation […]

This is the web version of our subscriber-only Weekly Wrap-Up newsletter, which gives a rundown of the week’s top stories on WPR. Subscribe to receive it by email every Saturday. If you’re already a subscriber, adjust your newsletter settings to receive it directly to your email inbox. This week, the Taliban continued its offensive, which has now overrun 11 provincial capitals in Afghanistan, including in parts of the country outside of the group’s historical base of support. Today’s Weekly Wrap-Up recaps and distills several WPR articles from the past week, including three that take a closer look at the roots of the Afghan army’s […]

According to a United Nations report released last month, just under one-tenth of the global population was undernourished in 2020, up from 8.4 percent in 2019. Much of that spike was due to the COVID-19 pandemic, which has severely strained global food systems that were already under pressure due to climate change, population growth, conflict and migration. On the Trend Lines podcast this week, Julie Howard, a senior adviser to the global food security program at the Center for Strategic and International Studies, joined WPR’s Elliot Waldman to discuss the U.N. report’s findings. Listen to the full conversation here: If you like […]

During the 17 days of the just-completed Tokyo Olympics, many American publications eschewed counting medals in ways that emphasized the winning of gold, preferring a broader tabulation that emphasized total medals won. In this manner, the United States was able to maintain a healthy lead over its biggest rival, China, throughout the Games. In the final day or two, though, when the United States eked out the slimmest of leads over China in gold medals won as well, the emphasis in many newspaper reports suddenly shifted. Team USA had won the Summer Games by this narrower measure, and suddenly it […]

Last Friday, Apple announced that it was implementing measures to combat the distribution of child sexual abuse media, or CSAM, on its services. Apple, the company that famously defied the FBI by refusing to provide technical assistance in hacking its own iPhones after a terrorist attack in San Bernardino, California, surprised commentators in both the tech and human rights communities with this announcement, and there was a predictable torrent of criticism from both ends of the policy spectrum. The electronic distribution of child abuse images has been a perennial and unsolved issue for more than 20 years. The growing popularity […]

Editor’s Note: This is the web version of our subscriber-only weekly newsletter, Africa Watch, which includes a look at the week’s top stories and best reads from and about the African continent. Subscribe to receive it by email every Friday. If you’re already a subscriber, adjust your newsletter settings to receive it directly to your email inbox. Last month, the African Union granted observer status to Israel, after nearly 20 years of Israeli diplomatic efforts to that effect. Israel had previously held observer status in the Organization of African Unity, or OAU, the AU’s predecessor. But it lapsed after the OAU was disbanded in 2002 […]

Editor’s note: Guest columnist Nikolas Gvosdev is filling in for Charli Carpenter. History does not repeat itself, as Mark Twain remarked, but it does rhyme. And when it comes to its policies on Russia, climate and energy, the Biden team is dealing with Obama-era echoes. Seven years ago, in my then-weekly column for WPR, I called attention to the internal tensions in the Obama administration’s climate, energy and geopolitical priorities. Back then, the United States was trying to square several irreconcilable circles. One had to do with reducing Russia’s global influence by constraining its sales of energy. Another was putting […]

Editor’s Note: This is the web version of our subscriber-only weekly newsletter, Europe Decoder, which includes a look at the week’s top stories and best reads from and about Europe. Subscribe to receive it by email every Thursday. If you’re already a subscriber, adjust your newsletter settings to receive it directly to your email inbox. As is usual for August in Brussels, many issues are now parked for European Union officials to deal with upon la rentrée—or the return from vacation in early September. One of those thorny files is Brexit. In the seven months since the U.K.’s formal departure […]

One week after taking office, having won election by the thinnest margin imaginable, Peruvian President Pedro Castillo finds himself “between the sword and the wall,” to use the Spanish expression, as a result of the country’s complex political realities, made worse by his early stumbles. Peruvians are watching anxiously, uncertain about what direction he will try to take the country and how far he will get in his efforts. Castillo assumed the presidency last Thursday, in a day so filled with controversy that it seemed a continuation of the turbulent events that brought him to the top job. Obviously, it […]