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February 15, 2021

United States
TWE Celebrates Presidents’ Day

Today is Presidents’ Day. It is a TWE tradition to recognize the forty-five men—and they have all been men—who have been president on Presidents’ Day with the following essay, which has been revised …

White House

February 4, 2021

Southeast Asia
Myanmar’s Coup Emblematic of Regional Democracy Failures

Myanmar’s coup is a disaster for Myanmar, but it also is a signifier of the continuing regression of democracy region-wide in Southeast Asia. The region, which once had made significant progress towa…

Police stand guard as they wait for protests against coup in Yangon, Myanmar, on February 4, 2021.

December 4, 2020

Transition 2021
Transition 2021: The Looming Iran Crisis

Each Friday, I look at what is happening in President-Elect Joe Biden’s transition to the White House. This week: Iran will likely provide an early test for Biden and his national security team.

The Iranian flag flies in front of a nuclear power plant.

September 2, 2020

Nigeria
Nigerian Atheist Arrested and Disappeared

The arrest and subsequent disappearance of Mubarak Bala, an avowed atheist from a prominent Muslim family, illustrates the fragility of human rights and the rule of law when an individual directly challenges the norms of conservative society in Nigeria.

Male protestors in Lagos protest against the government. The front sign reads "It is not a 'my religion or tribe is better than yours' matter. All our blood is red."

February 22, 2017

Human Rights
Alas Denmark

Denmark has long been regarded as one of the world’s most attractive nations, for citizens and tourists alike. My own visits there years ago as a student were delightful. And the Danes have a wonderf…

March 23, 2020

International Economic Policy
How Asia’s Life Insurers Could “Shelter-In-Place”

Asia’s life insurers likely hold somewhere between $1.5 trillion and $2 trillion of foreign currency denominated bonds as part of their portfolio—mostly dollar denominated, but some in euros. Japanes…

Japan, Taiwan, korea Lifers' Foreign Security Holdings (USD Billions)

January 6, 2020

World Order
The World Is Heading Back to the Future—to Another Volatile, Roaring ‘20s

The international politics of 2020 bear unnerving resemblance to the conditions that precipitated World War II.

U.S. President Donald J. Trump makes a speech in Miami, Florida.

December 16, 2019

United States
It is Time to Change How We View Foreign Direct Investment

FDI is increasingly driven by tax avoidance.

It is Time to Change How We View Foreign Direct Investment

November 16, 2017

Asia
American Asian Security Allies, Alas, Contribute More to Global Trade Imbalances Than China

One possible U.S. international economic policy towards Asia, broadly speaking, would be to seek to align with Asia’s other economies to put more pressure on China. Xi’s rhetorical commitment to g…

American Asian Security Allies, Alas, Contribute More to Global Trade Imbalances Than China

October 12, 2019

Taiwan
What Does Taiwan’s Hidden Forward Book Mean for Taiwan’s Financial Stability and U.S. Currency Policy?

Taiwan's central bank—and Taiwanese households—have taken on an awful lot of foreign currency risk over the years …

treasury fx intervention taiwan 4