Economics

Ukrainian President Volodymyr Zelensky

 Ukraine’s Debt Problem Spells Trouble

If the government continues to pile up debt without necessary reforms, it will set its economy on the road to ruin.

Abdolnaser Hemmati (C), Governor of the Central Bank of Iran, listens to a speech in parliament in Tehran on Oct. 7, 2018.

U.S.-Iran Talks Will Falter Unless Abdolnaser Hemmati Is at the Table

Unwinding sanctions will be central to reviving the nuclear deal. If the Biden administration wants a lasting solution, it must involve Iran’s central bank governor.

Street vendors, market traders, and self-employed workers from across Italy protest to push for relief from the crisis caused by the coronavirus pandemic in Rome on Feb. 11.

Italians Take Aim at the Bureaucratic Bourgeoisie

Largely protected from furloughs and layoffs, public employees in Italy have become the scapegoat for an economic crisis that politicians must address.

Activist Irade Kashgary waves a flag of the Uighur region as she takes part in a protest outside of the Apple Store on K Street on July 30, 2020 in Washington.

Why Western Companies Should Leave China

Consumers will punish brands that rely on forced Uighur labor. While abandoning the Chinese market might hit profits, it will bolster reputations.

Roman Catholic Cardinal and Archbishop of New York Timothy Dolan and Mitt Romney attend the 67th Annual Alfred E. Smith Memorial Foundation Dinner at the Waldorf-Astoria Hotel on Oct. 18, 2012 in New York City.

America Is Learning to Reject Socialism, but Love the Welfare State

Some Republicans are taking steps toward Europe’s model of religiously inspired social assistance.

Russian President Vladimir Putin and Indian Prime Minister Narendra Modi meet at Hyderabad House in New Delhi on Oct. 5, 2018.

America’s India Problem Is All About Russia

Forget U.S. sanctions over arms deals. Indian-Russian alignment is in Washington’s best interest.

Production line at a GlaxoSmithKline factory involved in the manufacture of COVID-19 vaccines in Saint-Amand-les-Eaux in northern France on Dec. 3, 2020.

America’s Supply Chains Are Foreign Policy Now

Why the push to bring home manufacturing won’t work—and what Biden should do instead.

Then-presidential candidate Joe Biden meets workers at the Fiat Chrysler plant in Detroit on March 10, 2020.

Biden’s Trade Plans Will Boost China’s Power in Asia

Supporting the middle class at home and reasserting leadership abroad may be mutually exclusive, especially in Asia.

A picture taken on Nov. 10, 2019, shows workers on a construction site at Iran's Bushehr nuclear power plant.

Reviving the Nuclear Deal Gives the U.S. More Leverage Over Iran

Maintaining maximum pressure to inflict more pain won’t bring Tehran back to the negotiating table or halt Iran’s nuclear ambitions.

Treasury Secretary Janet Yellen, right, listens as President Joe Biden speaks about the economy in the State Dining Room of the White House in Washington on Feb. 5.

Big Government Is Back

The pandemic has discredited decades of free market orthodoxy—but not all visions of state interventionism are progressive.

A specialist inside a COVID-19 mobile unit set up by the Peruvian Ministry of Health at the Hipolito Unanue Hospital in Lima on Feb. 27, 2020.

A Fight Over a Trump Official Could Block Aid to Latin America

The largest provider of urgently needed aid is up for a bigger budget, but some Democrats first want to remove its Trump-nominated head.

France's President Emmanuel Macron and Japan's Prime Minister Shinzo Abe gesture to US President Donald Trump as they attend a meeting on the digital economy at the G-20 Summit in Osaka on June 28, 2019.

Biden Should Finish Trump’s One Good Trade Idea

The president can corner China by bringing one of his predecessor’s foreign-policy initiatives to completion.

People carry merchandise at the Benin-Nigeria border city of Krake on Dec. 17, 2020.

The Long Road to Free Trade in Nigeria—and Beyond

The African Continental Free Trade Area is already running up against the hard realities of the continent’s endemic trade barriers.

An illustration describing the state of Dogecoin in "doge" speak.

Confused About Dogecoin? Here’s How It (Doesn’t) Work.

Even the best-intentioned cryptocurrencies can become scams.

Katherine Tai speaks after then President-elect Joe Biden announced her nomination to be U.S. trade representative

Why Everyone Likes Katherine Tai

Biden’s nominee to be U.S. trade representative is admired on both sides of the aisle, but she faces some of the toughest conditions ever when it comes to winning over the rest of the world.

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