It makes sense that a continent that is home to 54 countries and 1.2 billion people would also house many contradictory developments. Africa features several of the world’s fastest-growing economies and a burgeoning middle class. But much of the continent remains mired in debt, burdened by conflict and beset by elites clinging to power.
Economics & Business Archive
Since the start of the war in Ukraine, some analysts have warned that supporting Kyiv militarily would undermine Washington’s ability to counter China. In fact, the reverse is true. The increasingly hawkish U.S. posture toward China is more likely to undermine assistance to Ukraine as well as U.S. alliances in Europe and Asia.
The Community of Latin American and Caribbean States, or CELAC, met in Buenos Aires, Argentina, last week and accomplished little. While the organization is not meaningfully addressing the hemisphere’s problems, let alone solving them, small improvements could lead it to a place where it might be able to in the future.
In September 2024, the United Nations is set to launch its “Global Digital Compact,” which will outline shared principles for an “open, free and secure digital future for all.” This sounds promising in theory. But a growing divide between U.N. leaders and their Silicon Valley counterparts threatens to undermine these efforts.
U.S. Treasury Secretary Janet Yellen completed a three-country trip across Africa this week that saw stops in the continent’s west and south. The visit sought to expand economic ties between the United States and Africa, in line with Washington’s much-touted desire to “reset” relations with the continent.
Brazil and Argentina recently announced their plan to create a common currency, starting with their two countries and inviting other South American countries to join. The idea is that it would help the region ease its trade relations, making it better able to control inflation. It’s a heady notion whose time has not come.
The twin blows of U.S. sanctions and the COVID-19 pandemic, exacerbated by runaway inflation triggered by an economic reform gone awry, have plunged Cuba into its worst economic crisis since the collapse of the Soviet Union. The most poignant and costly manifestation of the public’s exhaustion is the sharp increase in emigration.
Over the past decade, the use of smartphones to check the latest news updates has become the first reaction of many people to crisis. But as debates over the lessons that militaries can learn from Russia’s invasion of Ukraine have shown, the fragmented nature of digital information flows can distort perceptions of events.
“Brazil is back,” Luiz Inacio Lula da Silva said shortly before being sworn in for a third term as president. His foreign policy agenda marks a clean break from that of his predecessor with a focus on reengagement with the world. But that may be harder to achieve now than it was when Lula first took office 20 years ago.
Saudi Arabia Used the Davos Spotlight to Project a Pragmatic Image
Saudi Arabia was a particularly prominent presence at the annual meeting of the World Economic Forum in Davos this year, but contrary to expectations, their focus was not on energy but rather geopolitics. The country’s finance and foreign ministers each made announcements with significant consequences for the region.
From farm to fork, the global food system as it currently exists is the most environmentally destructive of all human activities. In order to make rapid changes and avert potential ecological disaster, we must understand how we got here and what may be holding us back from revolutionizing the way we grow our food.
Since Russia’s invasion of Ukraine, Germany has been weening itself off of its dependence on Russian energy, despite grave predictions about the potential fallout, including fears of a financial meltdown. But as the winter cold has descended on Europe, these concerns of rationing and shortages have not been borne out.
Competition over maritime resources and territorial disputes over maritime borders highlight the tensions between national sovereignty and transnational challenges in the maritime domain. While often ignored in coverage of international affairs, it features prominently in bilateral, regional and multilateral diplomacy.
Instead of repairing cross-strait relations, Beijing seems content to maintain its uncompromising approach toward the government of President Tsai Ing-wen in Taiwan. Beijing is hoping that a more amenable government will be elected in 2024, when Taiwan holds its next presidential election. But that might be a losing bet.
European Commission officials are crafting a response to the U.S. Inflation Reduction Act, as it becomes more apparent that Washington is unlikely to adopt changes to assuage European concerns. This week in Davos, Commission President Ursula von der Leyen laid out some of the steps the union will take to keep Europe’s industry competitive.
Mongolia ended 2022 with a bang when protesters stormed the seat of government in the capital in December. The demonstrations fizzled out, but the corruption allegations that triggered them continue to rankle. Combined with other problems at home and complex relations with China and Russia, 2023 is shaping up to be a challenge.
In recent years, formerly colonized countries have been advancing a confident and militant movement for reparatory justice, and it has seen results. But the breakthroughs made have been met with a stubborn resistance by the countries responsible for colonization and slavery to avoid framing the issue as reparations.