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February 9, 2024

Global
Central Bank Currency Swaps Tracker

Introduction Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a centr…

January 22, 2024

Trade
The Curse of Nostalgia: Industrial Policy in the United States

A critical look at the past and present of industrial policy shows that its recent popularity is not only misguided, but is likely to have negative economic and geopolitical consequences for the Unit…

President Joe Biden signs the Inflation Reduction Act in the State Dining Room of the White House in Washington on August 16, 2022.

June 4, 2021

International Law
Illegal Fishing Is a Global Threat. Here’s How to Combat It.

Fishing provides a critical source of food and income for many countries, but much of it occurs unlawfully, harming vulnerable populations and eroding maritime governance.  

South Korean coast guard ships attempt to stop Chinese boats allegedly fishing illegally in the Yellow Sea.

June 16, 2021

Southeast Asia
Duterte’s Ingratiating Approach to China Has Been a Bust

Philippine Foreign Minister Teodoro Locsin Jr. was peeved at Beijing. It was early May, and hundreds of Chinese vessels had been regularly intruding into the Philippines’ exclusive economic zone in t…

Philippine President Rodrigo Duterte and Chinese President Xi Jinping walk to a meeting at the Great Hall of People in Beijing, China, on on April 25, 2019.

June 21, 2023

Georgia
The Dangers of Democratic Backsliding in Georgia

Georgia was once a beacon of democracy in the South Caucasus, but today it is backsliding toward authoritarianism and headed back into Russia's sphere of influence. 

Supporters of the Georgian Dream coalition gather outside the central election commission to wait for official results in Tbilisi, October 2, 2012. Georgian President Mikheil Saakashvili conceded on Tuesday that his ruling party had lost an election to a coalition led by billionaire Bidzina Ivanishvili, increasing the chances of a peaceful transfer of power in the former Soviet republic.