Economics

A pro-Brexit activist holds a placard outside the Houses of Parliament in central London on March 20.

Why Europe Should Reject Theresa May’s Brexit Extension

If Britain remains in the European Union due to a botched Brexit, its demands for special treatment will end up wrecking the EU.

Three Boeing 737 Max 8 planes from Shanghai Airlines parked at Shanghai Hongqiao International Airport on March 11, 2019.

Boeing’s Crisis Strengthens Beijing’s Hand

In its trade standoff with the United States, China’s Ace could be the 737 Max.

Local fishermen’s boats moor at Berbera port, in the breakaway territory of Somaliland, on July 21, 2018. (Mustafa Saeed/AFP/Getty Images)

For Somaliland and Djibouti, Will New Friends Bring Benefits?

Interest in the Horn of Africa from foreign powers has always been a double-edged sword.

Several hundred white supremacists carrying tiki torches march through the University of Virginia campus in Charlottesville on Aug. 11, 2017. (Evelyn Hockstein/For The Washington Post via Getty Images)

Neo-Nazis Bet Big on Bitcoin (And Lost)

How the far-right's failed cryptocurrency gamble became a bad joke for the Christchurch killer.

Chinese President Xi Jinping gives a speech during the celebration marking the 40th anniversary of China’s “reform and opening up” policy in Beijing on Dec. 18, 2018. (Wang Zhao/AFP/Getty Images)

China’s Economic Black Box

Beijing’s recent GDP downgrade shows that it is serious about fixing its data problem.

Balloons rise over what was at the time the world’s longest steel arch, Lupu Bridge in Shanghai, during the open-to-traffic ceremony on June 28, 2003. (Liu Jin/AFP/Getty Images)

China’s Provinces Can’t Afford Beijing’s Development Plans

Rising local debt is making the Chinese economy even more fragile.

U.S. President Donald Trump and Indian Prime Minister Narendra Modi deliver joint statements in the Rose Garden of the White House on June 26, 2017. (Win McNamee/Getty Images)

India is Trump’s Next Target in the Trade War

Ending India’s preferential trade treatment won’t hurt economically—but it is politically dangerous.

Anti-Brexit protesters demonstrate outside the Houses of Parliament on March 13, ahead of a week of crucial votes on the future of Britain’s relationship with Europe. (Jack Taylor/Getty Images)

Britain Looks Into the Trade Abyss

Many fear a go-it-alone future outside the EU portends economic eclipse.

A woman dressed in a flag leaves a portable toilet in Windsor, England, on May 19, 2018. (Leon Neal/Getty Images)

Hard Brexit Means Hard Times on the Toilet

One consequence of leaving the EU that Brexiteers forgot to reckon with? Nationwide toilet paper shortages.

A banner showing U.S President Donald Trump and North Korean leader Kim Jong Un shaking hands next to the words "Welcome to Vietnam" in Hanoi on Feb. 25. (Carl Court/Getty Images)

Despite Setbacks, Trump’s Blunt Diplomacy Could Eventually Work

He's had one of the worst weeks as president. But his crude blend of threats and flattery could eventually pay off with North Korea and China.

The flags of the United Kingdom, Gibraltar, and the European Union are flown with the Rock of Gibraltar in the background at the Spain-Gibraltar border on April 4, 2017. (Pablo Blazquez Dominguez/Getty Images)

Gibraltar Will Never Accept Shared Sovereignty

The Spanish government seems to think the British overseas territory will sacrifice its sovereignty for the sake of convenience after Brexit. It is wrong.

U.S. President Donald Trump discusses the pending U.S.-China trade deal with Chinese Vice Premier Liu He and U.S. Trade Representative Robert Lighthizer in the White House on Feb. 22. (Mandel Ngan/AFP/Getty Images)

Having Failed to Clinch a Deal With North Korea, Trump Turns to China

The administration talks up progress in “historic” trade talks, but an agreement remains elusive.

Kolbars carrying smuggled goods return from Iraq down the Kuh-e Takht mountain in Iran on Dec. 12, 2018. (Sergio Colombo and Andrea Prada Bianchi for Foreign Policy)

For Kurdish Smugglers, Iran Sanctions Are Starting to Bite

The kolbars brave subfreezing temperatures and border guards’ bullets to carry heavy loads over the mountains in an unemployment-plagued region that Iran’s government has all but forgotten.

A worker drives a finished Mercedes-Benz C-Class car through production in Bremen, Germany, on Jan. 24, 2017. (Alexander Koerner/Getty Images)

Build the Wall—To Keep Out the BMWs and Benzes

Trump’s threatened trade war against European cars would hurt America most.

A Nigerian man walks on plastic waste in the Mosafejo area of Lagos on Feb. 12. (Yasuyoshi Chiba/AFP/Getty Images)

Growth Alone Won’t Help the Poor

Nigeria shows that economic growth combined with rising inequality won’t lift people out of poverty. The country’s next government should heed the lesson.

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