The Rise and Fall and Rise (and Fall) of the U.S. Financial Empire
The dollar is dead. Long live the dollar.
Iraq’s Economic Collapse Could Be Biden’s First Foreign-Policy Headache
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.
Abenomics Can Flourish Without Abe
Japan’s new prime minister has the skills to take on the country’s bureaucrats.
Start Preparing for the Coming Debt Crisis
The global financial crisis was just the prelude to what could be coming next. The next administration better be ready.
When Everything Is a Crisis, Nothing Is
Invoking crisis is a favorite tactic of dictators—and widespread misuse of the word robs it of its power.
The United States Is Pushing Lebanon Further Into Iran’s Embrace
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.
Without Tourism, Italy’s Economy Faces Disaster
Foreign visitors have helped prop up the faltering Italian economy. If they don’t come back, the country is in trouble.
The Coronavirus Is Creating a Crisis on Europe’s Borders
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.
The Coronavirus Will Destroy Turkey’s Economy
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.
Are the Markets Underestimating the Coronavirus Depression?
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.
The Democratic People’s Republic of U.S. Monetary Policy
Congress is outsourcing more and more policymaking to the Federal Reserve.
What Paul Volcker Got Right About Global Finance
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.
What the 2008 Financial Crisis Can Teach Us Today
With a potential recession around the corner, it is worth remembering how regulators contained the last panic.
Politics Without Parties
From Poland to Iceland, citizens’ groups are taking matters into their own hands and bringing about genuine political change from outside the party system.
Books in Brief: The Latest Reads on the Financial Crisis, the Rwandan Genocide, and What It Means to Be a Nation
Also: Works on India’s rise, the history of U.S. trade politics, and social media’s role in modern conflicts.
Uzbekistan’s New Era Might Just Be Real
Long-needed reforms are changing what was once a grim autocracy. Washington can help.
Europe’s Sanctions-Blocking Threats Are Empty
When it comes to Iran sanctions, the EU must satisfy Trump’s demands. Access to the U.S. financial system hangs in the balance.
Don’t Trust China’s Opening of Its Financial Sector
Inviting foreign investors into a closed economy is a lot easier said than done.
Can Saudi Arabia’s Young Prince Wean the Welfare State?
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?