Trade shifts
In the second half of the 20th century, globalization brought a boom in international trade. The rapid change that came with it has led to a backlash, with most countries erecting protectionist barriers. Governments are increasingly using regulations, red tape and tariffs to achieve domestic and foreign policy goals. Highly intense trade disputes, however, can break the ice and lead to results and unexpected benefits.
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Britain will thrive after Brexit only if it dares to reform
Leaving the high-cost, bureaucratized European Union is not enough for the UK to unleash its entrepreneur potential, boost its share in global trade and return to high growth. To bring benefits, Brexit would need to be followed by bold liberal reforms: cutting taxes, rolling back government spending and reducing excessive, costly regulations.
The EU’s next challenge: Emerging markets
For the global economy, the road ahead is unusually clear – it is headed for a gentle slowdown. But that is no reason for complacency. The next wave of trouble is already visible in the developing countries, which are highly vulnerable to rising interest rates. The EU could do much ...
India’s evolving strategy in the Middle East
India is forging profitable new partnerships with Sunni Arab states as its economic profile grows and its ties with the U.S. and Israel strengthen. The changes are causing tension with its old ally Iran, however, which New Delhi still needs to keep Pakistan in check. This balancing act will only ...
Belt and Road: The Asian perspective
In only six years, China’s Belt and Road Initiative has had broad impact across Asia and beyond. Up to $1 trillion has been committed to hundreds of projects, with the goals of bridging economies, opening Chinese companies to foreign markets and changing the landscape of international development finance. Going forward, ...
Australia navigates Sino-American tensions
After elections in May, Australia’s new government must decide how to balance its ties with the United States and China. The economic relationship with China is paramount, but Australia also has interests in the security of its immediate neighborhood and shares a great deal with the U.S. The trade war ...
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More Disruptions
Expanding state
A trend toward increased government influence in economies and personal life is curbing growth, and freedom, in many Western countries. The outsized role of government results in misplaced incentives, overregulation – which restrains markets and competition – and irresponsible budgetary ...
Middle East politics
The region, one of the cradles of civilization, is going through a turbulent period of historic realignment. Its powers are vying for political, military, economic and religious dominance with local players and outside actors. Armed conflicts, mainly civil wars, are ...
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