Economics

A worker drives a finished Mercedes-Benz C-Class car through production on January 24, 2017 in Bremen, Germany.

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.

Workers clean the beach of the coastal town of Zouk Mosbeh, north of Beirut, on Jan. 23, 2018, as garbage washed ashore after stormy weather. (Joseph Eid/AFP/Getty Images)

Lebanon Is Facing an Economic and Environmental Disaster

Rather than rushing to punish Hezbollah, the United States should be shoring up the country’s new government to avoid state collapse.

A prostitute waits for clients behind her window in the red light district of Amsterdam on Dec. 8, 2008.

It’s Legal to Sell Sex in Amsterdam, But Don’t Expect the Same Rights As Other Workers.

The famously permissive Dutch city is cracking down on prostitution, relocating sex workers, and discriminating against those employed in the industry.

Police seize a hoard of cash in Salto del Guairá, Paraguay on Feb. 14, 2017. (Stringer/AFP/Getty Images)

Paraguay Is a Fiscal Paradise for Terrorists

The South American country needs to do a better job patrolling its financial system—or face the consequences.

iStockphoto/Foreign Policy illustration

Forget Bitcoin, Try Your Mattress

Cryptocurrency is about as safe as keeping your money in a sock under someone else’s bed.

A Russian man pauses on a street in central Moscow on March 10, 2017. (Spencer Platt/Getty Images)

Russians Lower Their Standards

Life may be getting harder in Russia, but Putin doesn’t care.

Johannes Eisele/AFP/Getty Images/Foreign Policy illustration

Trump’s Trade Woes Cloud His Re-Election Chances

The new NAFTA is going nowhere, China’s not budging, and farmers are going under.

The Trump administration nominated David Malpass as the new head of the World Bank after President Jim Yong Kim abruptly stepped down. (Eric Baradat/AFP/Getty Images)

Will David Malpass Run the World Bank or Ruin It?

Trump taps a critic of the world’s biggest development bank to be its next president.

Venezuelan opposition leader Juan Guaidó speaks to the press in Caracas on Jan. 31. (Federico Parra/AFP/Getty Images)

Our Best Weekend Reads

Inside the U.S. decision to get behind Congo’s election and how the United States failed Afghan women.

From left, French Foreign Minister Jean-Yves Le Drian, U.K. Foreign Secretary Jeremy Hunt, and German Foreign Minister Heiko Maas launch the long-awaited special vehicle for Iran trade in Bucharest, Romania, on Jan. 31. (Daniel Mihailescu/AFP/Getty Images)

EU Offers Up a Meager Workaround to U.S. Iran Sanctions

The new vehicle will do little to ease Iran’s economic pain, though it should help humanitarian trade.

A woman walks past a currency exchange shop in Tehran's grand bazaar on Nov. 3, 2018.

Can a New Currency End Tehran’s Economic Woes?

The Central Bank of Iran wants to take four zeros off the rial—but redenomination won’t work miracles.

Syrian refugees, stuck between the Jordanian and Syrian borders, wait to cross into Jordan at the Hadalat border crossing on Jan. 14, 2016. (Khalil Mazraawi/AFP/Getty Images)

Investing in Low-Wage Jobs Is the Wrong Way to Reduce Migration

Unless would-be migrants can build lives with dignity—which poorly paid, export-oriented jobs do not provide—they will continue to seek ways to move on.

A vendor waits for customers at a Beijing market on Jan. 16. (Fred Dufour/AFP/Getty Images)

Just How Much Is China’s Economy Slowing?

Beijing is preparing another massive stimulus, but the economy is visibly running out of steam.

Brazilian President Jair Bolsonaro and Executive Chairman of the World Economic Forum Klaus Schwab at the World Economic Forum on Jan. 22, 2019 in Davos, Switzerland. (Fabrice Coferini/AFP/Getty Images)

Davos Has Learned to Fake Populism

The world’s most powerful economic elites are using anti-globalist rhetoric to help turbocharge globalization—and enrich themselves.

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