Economics

Policemen inspect the facilities at a coal mine in Changji in northwest China's Xinjiang Uygur Autonomous Region on Feb. 21.

Meet Today’s Masters of the Universe

“The World for Sale” peels back the cover on the secretive—and sometimes shady—people who make the modern world go around.

The offices of banking giants HSBC and Barclays are pictured at Canary Wharf in London, on Dec. 28, 2020.

In the City, the Bluffing Is Over

During crisis after crisis, London’s financial giants cried wolf about leaving. Now the wolf is at the door.

After waiting for hours, Nazir Ahmad Kondoo rows his boat toward other fishermen on Anchar Lake in Srinagar, Jammu and Kashmir, on Feb. 16.

The Last Fishermen of Kashmir

Once teeming lakes are fast disappearing and with them, a lucrative career for tens of thousands of people in the region.

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.

Wind power generators are enveloped in a smoky sky near the Millard fire near Cabazon, California, on July 15, 2006.

Stimulus Is an Environmental Disaster Waiting to Happen

A public jobs guarantee is the only way to provide economic recovery without endangering the climate.

Displaced Yemenis receive food aid donated by a British organization in Yemen's western  province of Hodeida on Feb. 9.

Hunger Is a Weapon of War. Food Can Help Prevent It.

As the ongoing conflict in Yemen shows, it’s time to fight starvation not only on humanitarian grounds but as an essential component of military and foreign policy.

A Long March 5 rocket carrying an orbiter, lander, and rover destined for Mars lifts off from the Wenchang Spacecraft Launch Site in Hainan province, China, on July 23, 2020.

America Needs a Supercharged Space Program

It could build entire industries, create new jobs, green the economy—and unite the country behind a common purpose.

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.

A woman looks at a newly formed crack in a walkway after a storm in Bargny, a fishing village in Senegal, on Sept. 18, 2020.

In West Africa, Climate Change Equals Conflict

The region is the poster child for insecurities already brought on by global warming.

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.

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.

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.

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.

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.

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.

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.

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