Economics

Chinese President Xi Jinping gives a speech during the celebration marking the 40th anniversary of China’s “reform and opening up” policy in Beijing on Dec. 18, 2018. (Wang Zhao/AFP/Getty Images)

China’s Economic Black Box

Beijing’s recent GDP downgrade shows that it is serious about fixing its data problem.

Balloons rise over what was at the time the world’s longest steel arch, Lupu Bridge in Shanghai, during the open-to-traffic ceremony on June 28, 2003. (Liu Jin/AFP/Getty Images)

China’s Provinces Can’t Afford Beijing’s Development Plans

Rising local debt is making the Chinese economy even more fragile.

Anti-Brexit protesters demonstrate outside the Houses of Parliament on March 13, ahead of a week of crucial votes on the future of Britain’s relationship with Europe. (Jack Taylor/Getty Images)

Britain Looks Into the Trade Abyss

Many fear a go-it-alone future outside the EU portends economic eclipse.

A woman dressed in a flag leaves a portable toilet in Windsor, England, on May 19, 2018. (Leon Neal/Getty Images)

Hard Brexit Means Hard Times on the Toilet

One consequence of leaving the EU that Brexiteers forgot to reckon with? Nationwide toilet paper shortages.

U.S. President Donald Trump discusses the pending U.S.-China trade deal with Chinese Vice Premier Liu He and U.S. Trade Representative Robert Lighthizer in the White House on Feb. 22. (Mandel Ngan/AFP/Getty Images)

Having Failed to Clinch a Deal With North Korea, Trump Turns to China

The administration talks up progress in “historic” trade talks, but an agreement remains elusive.

Workers clean the beach of the coastal town of Zouk Mosbeh, north of Beirut, on Jan. 23, 2018, as garbage washed ashore after stormy weather. (Joseph Eid/AFP/Getty Images)

Lebanon Is Facing an Economic and Environmental Disaster

Rather than rushing to punish Hezbollah, the United States should be shoring up the country’s new government to avoid state collapse.

A Nigerian man walks on plastic waste in the Mosafejo area of Lagos on Feb. 12. (Yasuyoshi Chiba/AFP/Getty Images)

Growth Alone Won’t Help the Poor

Nigeria shows that economic growth combined with rising inequality won’t lift people out of poverty. The country’s next government should heed the lesson.

A prostitute waits for clients behind her window in the red light district of Amsterdam on Dec. 8, 2008.

It’s Legal to Sell Sex in Amsterdam, But Don’t Expect the Same Rights As Other Workers.

The famously permissive Dutch city is cracking down on prostitution, relocating sex workers, and discriminating against those employed in the industry.

A Russian man pauses on a street in central Moscow on March 10, 2017. (Spencer Platt/Getty Images)

Russians Lower Their Standards

Life may be getting harder in Russia, but Putin doesn’t care.

The Trump administration nominated David Malpass as the new head of the World Bank after President Jim Yong Kim abruptly stepped down. (Eric Baradat/AFP/Getty Images)

Will David Malpass Run the World Bank or Ruin It?

Trump taps a critic of the world’s biggest development bank to be its next president.

Venezuelan opposition leader Juan Guaidó speaks to the press in Caracas on Jan. 31. (Federico Parra/AFP/Getty Images)

Our Best Weekend Reads

Inside the U.S. decision to get behind Congo’s election and how the United States failed Afghan women.

A woman walks past a currency exchange shop in Tehran's grand bazaar on Nov. 3, 2018.

Can a New Currency End Tehran’s Economic Woes?

The Central Bank of Iran wants to take four zeros off the rial—but redenomination won’t work miracles.

A vendor waits for customers at a Beijing market on Jan. 16. (Fred Dufour/AFP/Getty Images)

Just How Much Is China’s Economy Slowing?

Beijing is preparing another massive stimulus, but the economy is visibly running out of steam.

Brazilian President Jair Bolsonaro and Executive Chairman of the World Economic Forum Klaus Schwab at the World Economic Forum on Jan. 22, 2019 in Davos, Switzerland. (Fabrice Coferini/AFP/Getty Images)

Davos Has Learned to Fake Populism

The world’s most powerful economic elites are using anti-globalist rhetoric to help turbocharge globalization—and enrich themselves.

A man visiting the Hejaz train station near al-Ula, Saudi Arabia, on Jan. 4. (Fayez Nureldine/AFP/Getty Images)

The Other Magic Kingdom

Saudi Arabia is making a very risky bet that it can become an international tourist destination.

There will be no talks about farm goods, European Trade Commissioner Cecilia Malmstrom reiterated, scuppering real hopes for a sweeping trade deal, Jan. 18, 2019. (Emmanuel Dunand/AFP/Getty)

No Sweeping Free Trade Deal, Brussels Tells Washington

The EU’s terms for talks could herald another trade setback for Trump.

People walk past the World Bank Group's headquarters in Washington, D.C., on May 3, 2013. (Brendan Smialowski/AFP/Getty Images)

The World Bank Needs to Join the 21st Century

The next president of the world’s largest development organization needs to chart a new direction for a new era.

Chinese police officers watch a cargo ship at a port in Qingdao in China’s eastern Shandong province on March 8, 2018. (AFP/Getty Images)

As West Grows Wary, Chinese Investment Plummets

The trade war and new U.S. regulations aimed at China are major factors.

U.S. President Donald Trump delivers his first State of the Union address in Washington on Jan. 30, 2018. (Win McNamee/AFP/Getty Images)

Welcome to the World’s Least Ugly Economy

Despite inequality, debt, and a tariff war, the U.S. economy is still the strongest.

(Etienne Oliveau/Getty Images/Foreign Policy illustration)

Beijing’s Big, Bad Year

Five Reads: The best Foreign Policy stories of 2018 on China.

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