Great Recession

The dollar is dead. Long live the dollar.

If the Iraqi government fails to pay state workers’ salaries in January, it could lead to widespread instability and violence. The United States and the international community must shore up Baghdad’s finances before it’s too late.

Japan’s new prime minister has the skills to take on the country’s bureaucrats.

The global financial crisis was just the prelude to what could be coming next. The next administration better be ready.

Invoking crisis is a favorite tactic of dictators—and widespread misuse of the word robs it of its power. 

The Lebanese economy is collapsing, and the risk of conflict is rising—but Washington has failed to grasp why Iranian influence is spreading or the measures needed to stop it.

Foreign visitors have helped prop up the faltering Italian economy. If they don’t come back, the country is in trouble.

European countries have suffered from the pandemic, but their southern and eastern neighbors are faring even worse—setting the stage for financial ruin, political instability, and a surge of refugees.

Ankara’s finances were weak before the pandemic—but the combination of external debt, a public health crisis, and a president who chooses to protect his reputation rather than his people could spell disaster.

As we saw during the last financial crisis, the “smart” players aren’t always so smart. One thing we know: The world economy will never be the same.

Congress is outsourcing more and more policymaking to the Federal Reserve.

The late Federal Reserve chief was most renowned for fighting inflation, but he also understood—before almost anyone else did—that Wall Street was out of control.

With a potential recession around the corner, it is worth remembering how regulators contained the last panic.

From Poland to Iceland, citizens’ groups are taking matters into their own hands and bringing about genuine political change from outside the party system.

Also: Works on India’s rise, the history of U.S. trade politics, and social media’s role in modern conflicts.

Long-needed reforms are changing what was once a grim autocracy. Washington can help.

When it comes to Iran sanctions, the EU must satisfy Trump’s demands. Access to the U.S. financial system hangs in the balance.

Inviting foreign investors into a closed economy is a lot easier said than done.

The ambitious plan to remake the Saudi economy is the brainchild of Deputy Crown Prince Mohammed bin Salman. But does he have what it takes to upend his country?