Economics & Business Archive

For millions of Chinese citizens, delivery drivers have been key to surviving Beijing’s “zero COVID” coronavirus strategy. Amid rolling lockdowns and travel restrictions, e-commerce couriers have served as lifelines to communities under confinement, from massive cities like Shanghai and Chengdu to smaller provinces like Shenyang, all of which have implemented the strict isolation measures mandated under Beijing’s strict pandemic response. Under these conditions, in which leaving one’s residence for reasons unrelated to getting tested is impossible, access to food and other daily essentials has been scarce. Enter the gig worker. Delivery drivers, by and large, work under contract with courier […]

In the immediate aftermath of Russia’s invasion of Ukraine, a once-hesitant Germany was shocked into reorienting its national security posture. In response to Moscow’s aggression, Chancellor Olaf Scholz proceeded to announce the creation of a 100-billion-euro supplemental fund for the German military, halt the approval of the Nord Stream 2 natural gas pipeline and support international sanctions and energy embargoes against Russia. This same sensibility, in which crisis and opportunity converge, has also reinvigorated the long-standing debate in Germany over the country’s dependence on trade with China. Various factions within the Ampelkoalition, or the “traffic light coalition” government made up of […]

In April, the Taliban announced a blanket ban on drug production and use in Afghanistan. There are a number of potential reasons for the move, which would cause considerable financial pain to many of the group’s core constituencies, as well as to the Taliban itself. But the timing of the announcement suggests that the ban will not go into effect immediately, and even if the Taliban are serious about implementing it, they will face obstacles in doing so. One reason for announcing the ban could be to portray the Taliban as being in a position to control the lucrative opium […]

The European Commission yesterday launched legal action against the U.K. after British Prime Minister Boris Johnson’s government tabled a bill that would undo major agreements the U.K. committed to as part of the Brexit divorce deal it signed with the European Union. The latest escalation in the dispute between London and Brussels could lead to a full cancelation of the EU-U.K. free trade deal, opening the door to the dreaded “no-deal Brexit” that the trade agreement was intended to avoid. The EU’s legal challenge comes in response to unilateral moves by the U.K to rewrite parts of the Northern Ireland protocol […]

Just before the White House launched the Indo-Pacific Economic Framework, or IPEF, in Tokyo last month, Taro Kono, the former Japanese foreign and defense minister, offered a blunt recommendation: Deriding the IPEF as the “Indo-Pacific Economic whatever,” Kono urged the U.S. to “forget” it and rejoin the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP. During his press conference with U.S. President Joe Biden, Prime Minister Fumio Kishida welcomed the IPEF but echoed Kono’s advice, stressing the strategic significance of a U.S. return to the CPTPP, which is essentially the Trans-Pacific Partnership trade pact that then-President Barack Obama effectively […]

Just over a week ago, Forbes published its highly anticipated “30 Under 30” list for the African continent. As the publication’s editors put it, this list showcases the “best and brightest” young “trailblazers” in Africa working on everything from medicine to fashion. The annual publication of “Africa 30 Under 30” is just one part of Forbes’ larger effort to highlight and encourage entrepreneurship in Africa. It comes shortly after the company’s first ever Under 30 Summit in Botswana in April, which brought together the world’s “most elite young entrepreneurs” to hear from and network with leaders in government and business. […]

On the first day of Russia’s full-scale invasion of Ukraine, amid the cacophony of war, Ukrainian President Volodymyr Zelenskyy said he heard the “sound of a new Iron Curtain” falling across Europe. That message resounded loudly in Washington and across Europe, where ever since the West has framed the war in ideological terms: Autocratic Russia, they explain, is waging a brutal and unprovoked war against Ukraine, because the latter aspired to follow the Western model of liberal democracy. As such, the world must help Ukraine to defend itself—or risk imperiling the entire “free world.” This strategic narrative has been very effective in mobilizing the United […]

Brazilian President Jair Bolsonaro and his Mexican counterpart, Andres Manuel Lopez Obrador, don’t agree on much when it comes to foreign policy, even if they sometimes exhibit similar populist styles. Bolsonaro is a right-wing firebrand who rails against “socialism” and was a close regional ally of former U.S. President Donald Trump. As for AMLO, as Lopez Obrador is known, despite his fiscal and social conservatism domestically, he tends to lean left internationally. He is friends with Cuban President Miguel Diaz Canel and Venezuelan President Nicolas Maduro, and he provided asylum to former Bolivian President Evo Morales in 2019 when Morales fled […]

This week’s Summit of the Americas, hosted by U.S. President Joe Biden in Los Angeles, would have been a challenging affair under the best of circumstances, given the wide-ranging crises the hemisphere faces. But poor planning by the Biden team and the region’s changing political landscape combined to make the summit a diplomatic fiasco. The run-up to the gathering was dominated by a controversy over the guest list, amid rumors that Cuba, Venezuela and Nicaragua would not be invited due to their nondemocratic governments. Mexican President Andres Manuel Lopez Obrador, or AMLO, along with several Caribbean leaders threatened to boycott, […]

The war in Ukraine has led to a fundamental shift in public perceptions of the military utility of drones. Until now, most people saw drones either as a more or less harmless toy with certain implications for privacy on one hand, and as a complex military system that roams the skies searching for terrorists on the other. The proliferation of drones and the accompanying high-resolution videos of their exploits in Ukraine has blurred these borders. Modified commercial drones easily available in most electronics store across the world are dropping grenades on tanks and dismounted troops, while acting as accurate spotters […]

In early May, the government of Spain wined and dined 40 Hollywood executives during a week of conferences, meetings and visits as part of the country’s aim to become the audiovisual hub of Europe. (In the interests of transparency, I was the master of ceremonies for the first two days of conferences, which took place in Madrid.) Making it easier for U.S. filmmakers to shoot in Spain is good for business and jobs, but it is also a smart public diplomacy move. Rather than simply running a PR campaign to remind Hollywood of all the reasons why film productions should […]

In August 2022, Angolans will go to the polls for parliamentary elections that—under the country’s electoral system, in which the leader of the party with most votes becomes president—also serve as a presidential election. The ruling Popular Movement for the Liberation of Angola, or MPLA, which has been in power for half a century, has confirmed that its leader and incumbent President Joao Lourenco will stand for reelection. Lourenco’s first term has been characterized by a failure to make good on a number of his initial promises, resulting in protests that have in turn been met with a crackdown on […]

Wedged between highways and railroads, on a barren stretch of moldy concrete and sickly palm trees in Sao Paulo, sits the headquarters of the Latin American Parliament, or Parlatino, designed by famed Brazilian architect Oscar Niemeyer. Created in 1964, the Parlatino was modeled on the European Parliament as a legislative body that would drive the integration of Latin American and the Caribbean around their unique regional and hemispheric interests. Today, though, the Parlatino is irrelevant, detached from national and even regional policy debates—just one of a succession of Latin American efforts to create a body to coordinate the hemisphere’s interests […]

European Union leaders agreed this week to a partial ban on Russian oil imports, overcoming a veto by Hungarian Prime Minister Viktor Orban. But the agreement commits only to banning seaborne imports to the EU by the end of 2022, leaving Russian oil imported by pipeline untouched. Seaborne imports account for two-thirds of the oil the EU purchases from Russia, leaving one-third outside the ban’s scope. However, Germany and Poland announced at this week’s leaders’ summit in Brussels that they will not use the exemption, pledging to phase out both seaborne and pipeline imports by the end of this year. […]