Economics & Business Archive

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. In Brussels, where Germany’s heavy influence in the European Union looms large, people are still processing the Social Democrats’ narrow “win” in Sunday’s general election, wondering what the next potential steps look like.  The immediate takeaway from Sunday night was that the underperformance of the far-left Die […]

Last month, China recalled its ambassador to Lithuania and demanded that Vilnius do the same in response to Lithuania’s plans to establish reciprocal diplomatic offices with Taiwan. Despite the pressure from Beijing, the Lithuanian government has refused to back down in its plans to deepen relations with Taipei. This week on the Trend Lines podcast this week, Edward Lucas, a nonresident senior fellow at the Center for European Policy Analysis and a former senior editor at The Economist, joined WPR’s Elliot Waldman to discuss the history and context behind the strong anti-authoritarian streak in Lithuania’s foreign policy. Listen to the […]

In the pantheon of state-led cyber operations, Russia has historically led when it comes to disinformation and sowing the seeds of social discord, while China was traditionally associated with intellectual property theft. There are signs that is changing, though, with China reportedly stepping up its disinformation campaigns on social media.  Earlier this month, Mandiant Threat Intelligence reported two significant advances in online influence campaigns in support of the People’s Republic of China—one involving the use of accounts in multiple languages across many different social media platforms, and the other involving attempts to physically mobilize protests on the ground, on topics ranging from […]

The prevailing foreign assistance architecture of today’s world, which prioritizes transparency, inclusion and accountability, was developed and codified in a unipolar system—with significant U.S. leadership and influence. Since the end of the Cold War, Western donors have supported this framework, further developing and codifying it in the Millennium Development Goals of 2000; the 2005 Paris Declaration on Aid Effectiveness; the 2008 Accra Agenda, which built on the Paris Declaration; and the 2011 Busan Agreement to standardize good development practice, norms and standards. This architecture is now coming under pressure, largely due to China’s growing interest in and influence over today’s […]

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. The aftershocks from last week’s bombshell announcement by the U.S., Australia and the U.K. that they would be forming a new security partnership whose pilot project would be to assist Australia in building a fleet of nuclear-powered submarines continued to be felt well into this week. The deal signaled a major shift in the strategic landscape of […]

BEIRUT—After 13 months of political paralysis, Lebanon finally has a new government, the first since former Prime Minister Hassan Diab resigned along with his entire Cabinet after the Beirut port explosion of August 2020, which killed over 200 and devastated the capital city.  The new administration is led by Lebanon’s richest man, billionaire Najib Mikati, who previously served as prime minister from 2011 to 2014, and for several months on an interim basis in 2005. He was sworn in earlier this month, and his government received a vote of confidence in Parliament on Monday.  His government is technocratic, its ministers […]

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 week, the World Bank Group announced its decision to end publication of the Doing Business report, its flagship annual publication that rates the business environment of countries around the world, after a probe concluded that senior World Bank management pressured staff to alter data affecting the […]

High drama has always been a mainstay of Argentina’s politics. Sadly, although the country’s never-a-dull-moment political machinations provide entertainment value, they almost always unfold against the backdrop of a struggling population.  As political soap operas go, it would be hard to find anything more gripping than what has been unfolding in Buenos Aires in the past few days. Argentines have barely been able to take their eyes away from a pitched battle between President Alberto Fernandez and Vice President Cristina Fernandez de Kirchner, exploding in full view on social media. As you might recall, Cristina Fernandez, the former president and […]

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 Wedenesday. If you’re already a subscriber,  adjust your newsletter settings to receive it directly to your email inbox. Last Wednesday, the Biden administration unveiled a historic security partnership in the Indo-Pacific region between the U.S., Australia and the U.K., known as AUKUS. As part of the deal’s terms and conditions, the United States and the United Kingdom will help Australia build and deploy nuclear-powered submarines, as […]

In the space of a single news cycle last week, the substance behind the news that the United States and Britain had joined forces to sell nuclear submarine technology to Australia came to be overshadowed by the emotions aroused by this development—namely, France’s theatrically indignant response to having its preexisting deal to sell submarines to Canberra canceled without notice. Paris has invoked “treason” and spoken of being stabbed in the back, comparing U.S. President Joe Biden unfavorably to his predecessor, Donald Trump, all while taking the extraordinary step of recalling its ambassadors from the United States and Australia, something seldom done even […]

According to a report released last week, 2020 was the deadliest year on record for environmental and land rights activists around the world. The human rights organization Global Witness recorded 227 killings of such activists, a tally that it said was almost certainly an undercount.  As the report makes clear, the victims were most often killed while resisting the activities of extractive industries on their land: logging, mining, the clearing of forests for agribusiness and other environmentally destructive activities that fuel the climate crisis. Of the confirmed lethal attacks, the highest number was recorded in Colombia, and nearly three-fourths of […]

Last week, Maggie Dennis, Wikimedia’s vice president of community resilience & sustainability, announced that it had removed seven Chinese nationals as editors on Wikipedia, following a year-long investigation into “the unrecognized group Wikimedians of Mainland China.” The internal investigation by Wikipedia’s parent organization uncovered evidence of “infiltration” resulting in members of the platform’s editorial community facing the risk of physical harm and other threats to their safety. Though Wikipedia is banned in mainland China, there have been press reports of hotly contested “edit wars” relating to political content on the Hong Kong pro-democracy movement and the status of Taiwan.  The episode reignites […]

While Congress debates new online privacy rules and the European Union slaps ever more fines on tech giants, another government has been increasing the pressure on Silicon Valley: Russia. Over the past year or so, Moscow has employed ever more punitive measures against Western technology companies in order to force them to bend to its wide-ranging demands on issues like content censorship, local data storage and market practices. The latest development came last Friday when, in response to pressure from the Russian government, Apple and Google removed an app from its online stores that was meant to encourage users to […]

Almost everything about the conventional narrative of the history of Europe’s Age of Exploration and Empire is wrong, particularly where it concerns the role of Africa and Africans. Africa was a central focus of the early period of European exploration in the late 15th century and continued to be central to the plantation economies established in the European colonies of the Americas. And without the labor of enslaved Africans, none of those economies would have been as profitable, or as transformational, as they were. Howard French joined WPR’s Judah Grunstein this week on Trend Lines to discuss his fifth and […]

To many people who follow events in China closely, two announcements made in the past month by the Chinese government seemed like reasonably foreseeable developments, if not entirely predictable in their timing or details. In the first, Beijing said that it was committed to combating the grueling common workplace culture known as 996, which stands for 9 a.m. to 9 p.m., six days a week. Placing such heavy demands of self-sacrifice for the benefit of corporations was unhealthy for society, the state concluded, in a belated judgment that follows more than a generation of high-speed growth characterized by utter domination […]

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.  Approximately 100 disgruntled investors gathered at the headquarters of the troubled property developer China Evergrande Group in the southern city of Shenzhen on Monday to demand repayment of loans and other financial products.  Reuters’ David Kirton captured the chaotic scenes that erupted as Evergrande employees tried to placate the […]

The history of Europe’s Age of Exploration and Empire usually follows a familiar narrative. Starting in the late 15th century, European explorers set out to find maritime trade routes to the lucrative spice and textile markets of Asia. Happening by chance upon the “New World” of the Americas, they quickly established colonies whose wealth, mainly in the form of gold and silver, combined with advances in military technology, propelled what would become known as the West to centuries of global dominance that has only begun to wane today. In this narrative, Africa and Africans are all but invisible, except as […]