Economics & Finance

A Chinese worker loads coal into a furnace on November 3, 2016 in Inner Mongolia, China. (Kevin Frayer/Getty Images)

China’s Zombie Firms Can’t Lurch Forever

As state-backed companies' debts mount, China faces an inevitable slowdown.

Rex Tillerson U.S. arrives in Mexico City on February 1, 2018. (Hector Vivas/Getty Images)

Rex Tillerson Proved CEOs Are DOA in Washington

The secretary of state's rocky tenure showed why politics should stop head-hunting business leaders.

The World Bank headquarters in Washington on May 8, 2007. (Win McNamee/Getty Images)

The World Bank’s Doing Business Indicators Still Work

They are among the institution's most powerful tools — heed not the critics.

People in Riyadh watch a projection depicting a portrait of Crown Prince Mohammed bin Salman during an event on Sept. 23 commemorating the anniversary of the kingdom's founding. (/AFP/Getty Images)

The Saudis Go for Broke Against Iran

Riyadh and its allies are aiming to use their financial leverage to remake the Arab world — but their strategy could just as easily backfire.

Saudi Crown Prince Mohammad Bin Salman and the landscape near the planned city of Neom.
 (Foreign Policy illustration/Fayez Nureldine/AFP/Getty Images/NEOM)

Saudi Arabia Is Betting Its Future on a Desert Megacity

Can Crown Prince Mohammed bin Salman’s ambitious plans jumpstart social and economic reform, or are they an expensive miscalculation?

The sign and logo of Wanda Group, a Chinese multinational conglomerate corporation and FIFA partner, on Oct. 13, 2016 at FIFA headquarters in Zurich. (Fabrice Coffrini/AFP/Getty Images)

It’s No Accident That China’s Tycoons Are Bad Investors

The first priority for wealthy Chinese has been to move as much money abroad as possible. If Beijing has its way, that won't be an option anymore.

Galleries

Rohingya refugees look for their belongings in New Delhi on April 16 following a fire that broke out at their camp, leaving around 200 people homeless. The refugees fled persecution in Myanmar, with their numbers increasing following a brutal crackdown in September 2017 that saw hundreds of thousands pouring into neighbouring Bangladesh. MONEY SHARMA/AFP/Getty Images

The World in Photos This Week

Independence Day in Israel, Rohingya refugees in India, and turtles in the Bay of Bengal.

Macedonian Orthodox worshippers light candles from the holy fire that arrived from Jerusalem during the Easter service at the St. Jovan Bigorski monastery, some 145 km west of the capital Skopje,April 8, 2018.

The World in Photos This Week

Parkour in Syria, opium in Afghanistan, and demonstrations in France.

In the Magazine

In the Magazine

Foto, Michael Melo

The Right to Kill

Should Brazil keep its Amazon tribes from taking the lives of their children?

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Germany’s Family Feud

Family reunification for refugees is no longer a given. But keeping relatives apart hurts host countries as well as newcomers.

Thus Spoke Jordan Peterson

The best-selling psychologist isn't leading young men to salvation — he's delivering them to authoritarianism.

The Arab World’s Star Student

What Tunisia can teach its neighbors about the value of education.