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An immigrant holds a “Nobody Is Illegal” placard at a demonstration in Praça do Comércio in Lisbon on July 11, 2021.
An immigrant holds a “Nobody Is Illegal” placard at a demonstration in Praça do Comércio in Lisbon on July 11, 2021.

How Portugal Quietly Became a Migration Hub

The country has a hot labor market and offers a path to EU citizenship for undocumented workers.

Ukrainian Prime Minister Denys Shmyhal is displayed on a screen.
Ukrainian Prime Minister Denys Shmyhal is displayed on a screen.

Ukraine’s Other Front Line

Russia has flailed on the battlefield. But the damage inflicted on Ukraine’s economy could prove existential without Western support.

Ukrainian infantry take part in a training exercise with tanks near Dnipropetrovsk oblast, Ukraine, less than 50 miles from the front lines, on May 9.
Ukrainian infantry take part in a training exercise with tanks near Dnipropetrovsk oblast, Ukraine, less than 50 miles from the front lines, on May 9.
Customers walk past a closed shop counter at the Atrium shopping center in Moscow on March 17.
Customers walk past a closed shop counter at the Atrium shopping center in Moscow on March 17.

Western Companies Still in Russia Are Making a Big Mistake

The moral, legal, and public relations risks of staying are huge.

A demonstrator holds a sign during a protest calling for the European Union to impose further sanctions against Russia in Kyiv, Ukraine, on Feb. 21.
A demonstrator holds a sign during a protest calling for the European Union to impose further sanctions against Russia in Kyiv, Ukraine, on Feb. 21.

The World Needs an Economic NATO

Russia’s war has made sanctions a powerful tool of statecraft. It’s time to formally enshrine them.

Former U.S. President Donald Trump speaks during the American Freedom Tour at the Austin Convention Center in Austin, Texas, on May 14.
Former U.S. President Donald Trump speaks during the American Freedom Tour at the Austin Convention Center in Austin, Texas, on May 14.

Trump’s Poison Pills Are Still Toxic

Whether it’s Iran, China, Cuba, or immigration, U.S. President Joe Biden often finds himself stymied by his predecessor’s foreign policy.

A motorcycle passes in front of an oil-themed mural in Caracas, Venezuela
A motorcycle passes in front of an oil-themed mural in Caracas, Venezuela

Democracy Is Not a Commodity

The United States shouldn’t bargain away Venezuela’s future for oil.

Former residents evicted from a crowded Lagos shantytown stand on a flotilla of boats.
Former residents evicted from a crowded Lagos shantytown stand on a flotilla of boats.

It’s Africa’s Century—for Better or Worse

Asia gets the attention, but the real economic revolution is the inevitable growth of an overlooked continent.

A woman walks past a banner in support of Ukraine at the MIPIM international real estate convention in Cannes, France on March 15.
A woman walks past a banner in support of Ukraine at the MIPIM international real estate convention in Cannes, France on March 15.

Western Companies Can Help Ukraine by Sending Work

Ukraine’s tech outsourcing sector, one of Europe’s largest, has adapted nimbly to the war.

U.S. President Bill Clinton (right) meets with Chinese President Jiang Zemin
U.S. President Bill Clinton (right) meets with Chinese President Jiang Zemin

Engagement With China Was Always a Long Shot

Beijing’s Leninist regime is fundamentally resistant to change.

A cryptocurrency ATM screen
A cryptocurrency ATM screen

The Cryptocurrency Crash Is Replaying 2008 as Absurdly as Possible

Substitute dollars backed by almost nothing are taking down the market.

Russian attack on shoe factory in Ukraine
Russian attack on shoe factory in Ukraine

Ukraine Faces an Economic Abyss

The West has a vital interest in keeping the country’s wartime economy running.

China's Foreign Minister Wang Yi is received by his Kenyan counterpart, Raychelle Omamo, in Mombasa, Kenya.
China's Foreign Minister Wang Yi is received by his Kenyan counterpart, Raychelle Omamo, in Mombasa, Kenya.

While America Slept, China Became Indispensable

Washington has long ignored much of the world. Beijing hasn’t.

The sun sets behind London.
The sun sets behind London.

How to Get Recent History All Wrong 

A new book identifies—and misunderstands—the structural forces behind today’s geopolitical chaos.

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