Economics

Mario Mario Draghi speaks at a press conference in Frankfurt.

Mario Draghi Doesn’t Have ‘Whatever It Takes’ Anymore

Whether as Italy’s prime minister or its president, he may not have the solution to Italy’s problems.

Ones and Tooze Override Photo

The Ones and Tooze Podcast: Can the Threat of More U.S. Sanctions Against Russia Save Ukraine?

Also on the showWhy the demand for egg freezing has soared during the pandemic.

Cambodian Prime Minister Hun Sen reviews a military honor guard with Chinese Premier Li Keqiang during a welcome ceremony outside the Great Hall of the People in Beijing on May 16, 2017.

Time for America to Play Offense in China’s Backyard

Ignoring Cambodia and Laos is a strategic mistake—but engagement requires a smarter balance of values and interests.

People receive food from a nonprofit in Tokyo.

Japan’s New Prime Minister Takes On Abenomics’ Legacy

Fumio Kishida’s new populist measures look to shrink inequality and stir a sluggish economy.

A merchant counts Syrian pound notes, bearing a portrait of the Syrian President Bashar al-Assad, at the Bzourieh market in the centre of the Syrian capital Damascus on September 11, 2019.

The Pointlessness of America’s Syria Sanctions

The United States has given up on trying to topple Bashar al-Assad—but continues to punish the Syrian people.

A close-up of Erdogan speaking into a microphone in front of a Turkish flag

Autocrats Are Exploiting COVID-19 to Weaken Central Bank Independence

The pandemic-induced economic crisis has created the perfect conditions for backtracking.

A Greenpeace activist sprays green-colored water at the entrance of the European Parliament in Brussels on May 26, 2021.

Can Global Regulators Save the ESG Movement From Itself?

Without state intervention and global standards, the environmental, social, and governance movement is a recipe for greenwashing and corporate deception.

U.S.-ASEAN Summit

America’s Asia Strategy Has Reached a Dead End

Washington should prioritize economic statecraft and stop thinking with its missiles.

A Chinese 100-yuan note is held in front of an image of a Chinese Red Guard.

Online Warriors Are a Risky but Useful Tool for Beijing

Cyber-nationalists are uncomfortably reminiscent of the Red Guards of the 1960s.

Farmers burn an effigy with pictures of Indian Prime Minister Narendra Modi (top) and Uttar Pradesh state Chief Minister Yogi Adityanath during a demonstration on the outskirts of Amritsar in the Indian state of Uttar Pradesh on Oct. 5, 2021.

5 Big Foreign-Policy Things We’re Watching in 2022

FP experts identify the important trends and events to look out for in the coming year.

From left to right, Guyana’s ambassador to Chile, George Talbot; Bolivia’s then-foreign relations vice minister, Carmen Almendra; Paraguayan President Mario Abdo Benitez; Colombian President Iván Duque; Argentina’s then-president, Mauricio Macri; Chilean President Sebastián Pinera; Brazilian President Jair Bolsonaro; Ecuador’s then-president, Lenín Moreno; Peru’s then-president, Martín Vizcarra; Uruguay’s then-foreign relations vice minister, Ariel Bergamino; and Suriname’s then-ambassador to Chile, Marciano Edgar Armaketo, pose for a picture during the launching of the Prosur regional initiative at La Moneda presidential palace in Santiago, Chile, on March 22, 2019.

Will 2022 Reboot Latin American Regionalism?

Increased cooperation could spur policy shifts from migration to medical manufacturing.

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The Problem With Sanctions

From the White House to Turtle Bay, sanctions have never been more popular. But why are they so hard to make work?

A Hezbollah flag flutters as tankers carrying Iranian fuel arrive at al-Ain in Hermel, in Lebanon's Bekaa Valley, on Sept. 16.

Cutting Off Lebanon Won’t Stem the Captagon Trade

Instead of pushing Beirut to the economic brink, Saudi Arabia should address its own amphetamine addiction.

U.S. President Joe Biden meets with the NATO secretary-general.

Biden Doesn’t Know What He Thinks About Sanctions

The United States has committed to combatting corruption—but is hesitating to take on Russia.

Soldiers from the Ethiopian National Defense Force ride on a truck in Wichale, Ethiopia, on Dec. 13.

To End Ethiopia’s War, Biden Needs to Correct Course

A one-sided U.S. approach provided political cover to the TPLF insurgency. Washington now has an opportunity to create the conditions for peace.

Health care workers in Lagos, Nigeria

5 Reasons to Be Optimistic About 2022

Start the new year on a bright note: Here are five things to be excited about.

An aerial view shows Beirut in darkness during a power outage on April 3.

In 2021, Lebanon Suffered While the World Looked On

Skyrocketing inflation, government corruption, and international apathy defined a country in economic free fall.