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March 25, 2024

India
The Indian Giant Has Arrived

With India's development continuing to gain steam, one of the biggest challenges will be to avoid the mistake that others have made when they failed to recognize their newly acquired global systemic …

Sitaraman

October 19, 2021

Middle East and North Africa
Erdogan Might Be Too Sick to Keep Leading Turkey

Evidence is growing that Turkey’s president is ailing—and that could be bad news for the country’s politics.

Turkey's President Recep Tayyip Erdogan leaves after the Global Refugee Forum at the United Nations in Geneva, Switzerland, December 17, 2019

April 24, 2024

RealEcon
A Tricky Balance for Development Banks and the Developing World

The World Bank and IMF have concluded their spring meetings, but questions remain on China, lending capacity, and balancing the interests of rich and poor countries.

 President and CEO at Mastercard Ajay Banga (L) and CEO at the World Bank Kristalina Georgieva speak on stage at the 8th Annual Women In The World Summit at Lincoln Center for the Performing Arts on April 7, 2017 in New York City.

March 4, 2018

U.S. Foreign Policy
Dear Mr. President, Reboot Before It’s Too Late

The Trump administration must address its problems of process and personnel if it is to contend with a world in disarray.

Yuri Gripas/Reuters

February 24, 2022

Nigeria
Nigeria’s All Too Familiar Corruption Ranking Begs Broader Questions Around Normative Collapse

Released last month, the 2021 Corruption Perception Index (CPI) confirmed what many Nigerians know intuitively—that a steady stream of official antigraft rhetoric has hardly made a dent on what many agree is the most formidable perennial challenge to the country’s long-term stability. President Buhari’s sentiment to the effect that “if Nigeria does not kill corruption, then corruption will kill Nigeria,” is widely shared. Not only is Nigeria down five places from its 2020 ranking, its total score of twenty-four out of a maximum one hundred points represents a drop for the third successive year, making it West Africa’s second most corrupt country. Guinea-Bissau, still reeling from a failed military takeover in early February, holds the dubious honor of being the most corrupt.  

Nigerian President Muhammadu Buhari wearing gray traditional clothing and glasses sitting with a binder on his lap.

April 17, 2024

RealEcon
Onshoring Semiconductor Production: National Security Versus Economic Efficiency

Policymakers are increasingly concerned by the U.S.’s dependence on Taiwanese semiconductors. Is onshoring their production to the U.S.—a goal of the CHIPS and Science Act—a practical path forward? 

A wafer can be seen as taiwanese chip giant TSMC holds a ceremony to start mass production of its most advanced 3-nanometer chips in the southern city of Tainan, Taiwan December 29, 2022.

April 1, 2024

Trade
U.S. Trade Policy Is at a Crossroads

Biden’s trade agenda is trying to tackle climate change, domestic jobs, and great power competition, but trade-offs are inevitable. A clear vision on priorities is essential. 

BRADDOCK, PENNSYLVANIA - MARCH 20: A general view of the exterior of the U.S. Steel Edgar Thompson Works, on March 20, 2024 in Braddock, Pennsylvania. Nippon Steel has said that it would relocate its U.S. headquarters from Houston to Pittsburgh, where U.S. Steel (X.N) is located, if their acquisition deal goes through.