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October 22, 2019

Trade
The October Truce on U.S.-China Trade Failed to Address Subsidies

Concern that China's subsidies caused a flood of cheap imports was what started the U.S.-China trade war in the first place, but subsidies were not mentioned even once when President Trump announced …

U.S. China Currency

June 15, 2016

Europe
The Pain in Spain Is Easy To Explain

A few weeks back, the New York Times looked at the “mystery” of Spain’s high level of unemployment. The article highlighted a real debate about the right level of job protection in Spain, and in Eur…

Employment vs. Demand

September 30, 2019

Puerto Rico
Is Puerto Rico Back on a Path Toward Debt Sustainability?

The plan of adjustment put forward by the oversight board, if approved by enough creditors and the courts, would cut Puerto Rico’s tax supported debt from $50 billion to $25 billion and smooth its re…

Is Puerto Rico Back on a Path Toward Debt Sustainability?

April 4, 2018

China
Trump and Xi Agree: Short-Term Gain for Long-Term Pain

Perhaps President Trump will succeed in reducing the bilateral trade deficit with China simply by reducing bilateral trade.

Soybeans being sorted

September 26, 2019

Benin
Confronting Africa's Role in the Slave Trade

Adaobi Tricia Nwaubani has written a sensitive essay, published in the Wall Street Journal, on the African role in the trans-Atlantic and trans-Saharan slave trade. She observes that the four-hundredth anniversary of the arrival of slaves in Virginia coincides with questions about guilt and responsibility and a debate in the United States about reparations to the descendants of slaves.

A gate stands open on the beach.

September 27, 2019

China
The Chinese Communist Party

The Chinese Communist Party faces a host of pressing domestic and international policy challenges as it transitions to a new generation of leaders.

Xi Jinping stands before delegates at the closing session of the nineteenth National Congress of the Communist Party of China.

March 5, 2014

Japan
Japan’s Painful Choice on the Ukraine Crisis

This post is one of a three-part Asia Unbound series on the implications for Asia of the crisis in Ukraine. See related posts from my colleagues Elizabeth Economy and Alyssa Ayres. The Russian decis…

Russia's President Vladimir Putin and Japan's Prime Minister Shinzo Abe attend a signing ceremony at the Kremlin in Moscow

September 17, 2019

Public Health Threats and Pandemics
The U.S. Opioid Epidemic

Opioid addiction in the United States has reached epidemic proportions, threatening not only public health but economic output and national security.

A man uses heroin under a bridge where he lives with other addicts in Philadelphia, Pennsylvania.

September 16, 2019

Eritrea
How Long Must Eritrea Wait for Change?

Last week, the Committee to Protect Journalists ranked Eritrea "the most censored country in the world." That unsurprising conclusion is only the latest dubious distinction for Eritrea, a state that often seems frozen in an authoritarian limbo in the midst of region characterized by profound changes. 

Eritrean refugees participate in a demonstration in support of a U.N. human rights report accusing Eritrean leaders of crimes against humanity in front of the Africa Union headquarters in Ethiopia's capital Addis Ababa, June 23, 2016