Economics & Business Archive

Two stories out of Italy have attracted international attention this week: The country’s chaotic election of its president, and a controversial video conference between Russian President Vladimir Putin and Italian business leaders. Both highlighted the ways in which Italy, which could play an important role in the European Union on the standoff between the West and Russia over Ukraine, has instead remained a silent bystander. This silence is particularly notable given the expectations surrounding Italian Prime Minister Mario Draghi: An economic mastermind credited with saving the euro, Draghi’s year in office has featured a strongly pro-EU platform and a tougher posture toward both […]

The European Union has launched a case at the World Trade Organization against China over what Brussels describes as Beijing’s “discriminatory trade practices” toward Lithuania. By doing so, the bloc joins a growing list of countries, including Australia and the United States, seeking to hold China accountable via the multilateral trading system. But with the WTO’s dispute settlement system in disarray due to longstanding procedural obstacles put in place by the Trump administration, the WTO currently lacks the ability to resolve commercial disputes in the absence of a spirit of compromise among the parties involved. So the EU’s move in some ways resembles […]

Opposing corruption in international forums is easy. Nobody is openly for it, and popular sentiment is strongly against it. Global public opinion surveys show that corruption is a primary concern of citizens all around the world, and a host of public ills can be attributed to it, from economic stagnation, to the global decline of trust in democracy and a range of other societal challenges. And corruption does play a role in these issues, which is why it makes for such a convenient target. Major leaks exposing corruption have grabbed public attention and inspired a raft of policies aimed at […]