Economics

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Crises Only Sometimes Lead to Change. Here’s Why.

The coronavirus pandemic won’t automatically lead to reforms. Great upheavals only bring systemic change when reformers have a plan—and the power to implement it.

A team of dressmakers works in a factory in Dhaka, Bangladesh, on Nov. 22, 2012.

This Is What the Future of Globalization Will Look Like

The pandemic proved, once and for all, that the world can’t be flat. But global trade can recover—if we rewrite the rules.

People wait in line to receive food in Queens, New York, on May 11.

To Fight Inequality, the United States Needs an FDR. Can Biden Deliver?

The COVID-19 crisis could lead to a modern-day New Deal—but only if Democrats have the courage to replace failed economic policies with radical reforms.

Boycott China Goods India

Why a Trade War With China Is a Bad Idea for India

New Delhi risks responding to a deadly border skirmish by making its economy more insular. Few things would benefit Beijing more.

European Commission President Ursula von der Leyen speaks during a news conference following a virtual summit with Chinese President Xi Jinping in Brussels on June 22.

How Europe Fell Out of Love With China

EU officials speak increasingly of Beijing as a rival, not a partner. But unlike Trump, they don’t yet want a divorce.

A protester holds a sign  during a protest against corruption and hunger amid the coronavirus pandemic outside the presidential palace in Panama City, on June 25.

Latin America’s Wave of Protests Was Historic—Then the Pandemic Arrived

The coronavirus and lockdowns have worsened the region’s economic divides—and set the stage for more political upheaval.

Pedestrians are reflected in a window displaying currency exchange rates in the Iranian capital Tehran on June 22.

The East Fails Iran

Tehran pinned its economic hopes on China, India, Japan, and South Korea. But those countries have largely left the country to ruin.

Indian Prime Minister Narendra Modi shakes hands Nepal Prime Minister KP Sharma.

India Is Paying the Price for Neglecting its Neighbors

Narendra Modi came to power promising to prioritize relations with countries such as Bangladesh, Nepal, and Sri Lanka. China is taking advantage of his failure to do so.

People wearing face masks walk in front of a euro sign in Frankfurt am Main, Germany, on April, 24.

Germany Is Finally Ready to Spend

In the long run, the COVID-19 pandemic may change Europe’s economy for the better.

A motorway sign on the M8 motorway advising on essential travel only on March 24 in Glasgow, Scotland.

The Great Pause Was an Economic Revolution


Governments stopped the world in its tracks during the pandemic—and our relationship to the economy will never be the same again.

(From L) European Commission President Jean-Claude Juncker, Chinese President Xi Jinping, French President Emmanuel Macron and German Chancellor Angela Merkel hold a press conference in Paris on March 26, 2019.

Europe Must Stand Up to China Before It’s Too Late

The EU must defend its values rather than caving to economic pressure from Beijing.

Chinese Vice President Wang Qishan and Israeli Prime Minister Benjamin Netanyahu during their tour of the Israeli Innovation Summit in Jerusalem, Oct  24, 2018.

Why the U.S. Can’t Get Israel to Break Up With China

For most Israelis, the deals are enticing and the threat seems remote.

A woman selects corn for the market during the government-imposed nationwide lockdown in Kathmandu, Nepal, on May 7.

For the Rural Poor, the Coronavirus Crash Isn’t Here Yet

Prolonged lockdowns will exacerbate food and income insecurity during the agricultural lean season.

European Commission chief negotiator Michel Barnier slams Britain for “backtracking” on its commitments after another fruitless round of talks, at a press conference in Brussels on June 5.

No-Deal Brexit Looks Likelier Than Ever After the Pandemic

The U.K. and EU still find themselves far apart on crucial issues—with time running out.

Windows of the Grand Hotel in Taipei are illuminated to form the word "zero" after Taiwan reported no new COVID-19 cases for two consecutive days, on April 17.

How Taiwan Can Turn Coronavirus Victory Into Economic Success

Taiwan beat the virus with efficient government and advanced technology—the same ingredients that power the economy.

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