Modern vice presidents can trace much of their political influence to the broad reforms that Jimmy Carter and Walter Mondale made to the second-highest elected office in the late 1970s.

Western leaders have long criticized OPEC’s power to raise oil prices, and the bloc continues to influence the global market even as U.S. oil production has soared and alternative energies have come …

The International Monetary Fund, both criticized and lauded for its efforts to promote financial stability, continues to find itself at the forefront of global economic crisis management.

The Group of Seven (G7) serves as a forum to coordinate global policy, but experts are increasingly questioning the group’s relevance.

For more than two decades, China has developed close economic and security ties with many Latin American countries, including Brazil and Venezuela. But Beijing’s growing sway in the region has raised…