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May 24, 2018

World Health Organization (WHO)
WHO Director-General Tedros Adhanom Ghebreyesus attends a news conference at the United Nations in Geneva, Switzerland on May 18, 2018. A Scorecard for Dr. Tedros as the WHO’s Director-General

Tedros’s first year as Director-General of the WHO demonstrated his vision, leadership, and ability to seize an opportunity for action. However, concerns remain regarding his willingness to balance p…

April 25, 2018

Ireland
Irish Flag and Apple Logo Tax Avoidance and the Irish Balance of Payments

At this point, profit shifting by multinational corporations doesn’t distort Ireland’s balance of payments; it constitutes Ireland’s balance of payments.

April 13, 2018

Thailand
Previewing the U.S. Treasury’s April Foreign Exchange Report Previewing the U.S. Treasury’s April Foreign Exchange Report

The U.S. Treasury Department’s next foreign exchange report is due on April 15—so it should come out soon, maybe even tonight. Normally the section on China attracts all the attention. But righ…

January 17, 2018

U.S. Congress
Royce-Africa-Powell-Congress Ed Royce, Champion of Africa in the U.S. House, Will not Run for Reelection

This is a guest blog post by Anthony Carroll. Anthony is founding director of Acorus Capital, a private equity fund investing in Africa, and a vice president of Manchester Trade Limited, an internati…

November 21, 2017

United States
Westmoreland TWE Remembers: General Westmoreland Says the “End Begins to Come Into View” in Vietnam

Never overpromise and under deliver. General William Westmoreland should have followed that advice when he addressed the National Press Club fifty years ago today. Instead, the commanding general of …

October 17, 2017

China
Bitcoin and the Yuan Bitcoin and the Yuan

This is a guest post by Cole Frank, a research associate at the Council on Foreign Relations. China watchers are always looking for new ways to gauge capital flows and pressure on the yuan. The mo…

October 11, 2017

China
Trump Xi What Will the U.S.-China Cyber Relationship Look Like in the Trump Era? A View From China

Chinese scholar Shen Yi argues that China needs to be more assertive in its demands, and drive a harder bargain with the United States over cyber issues.

September 15, 2017

Eurozone
The Global Cost of the Eurozone’s 2012 Fiscal Coordination Failure The Global Cost of the Eurozone’s 2012 Fiscal Coordination Failure

The eurozone countries collectively did far too much fiscal adjustment in 2011, 2012, and 2013. Germany joined in the consolidation in 2012, hurting the eurozone—and the world.

July 11, 2017

Energy and Environment
Interactive: Oil Exporters' External Breakeven Prices

The 2014 fall in global oil prices, from over $100 a barrel to around $50 a barrel, reduced the export proceeds of the world’s main oil- and gas-exporting economies by about $1 trillion. After a deca…

July 11, 2017

Fossil Fuels
Using External Breakeven Prices to Track Vulnerabilities in Oil-Exporting Countries

The best single measure of the resilience of an oil- or gas-exporting economy in the face of swings in the global oil price is its external breakeven price: the oil price that covers its import bill…