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June 22, 2022

World Trade Organization (WTO)
The WTO Hangs On

WTO members confounded expectations last week by concluding a deal on fisheries subsidies, the first major multilateral agreement in nearly a decade. But the trade body is not out of the woods yet.

WTO Director-General Ngozi Okonjo-Iweala (right) is congratulated by Indian Commerce Minister Piyush Goyal after a closing session of a WTO Ministerial Conference in Geneva in June 2022.

October 9, 2018

United Kingdom
Brexit Isn’t the Only Shock Hanging Over Britain

While most attention focuses on the implications of Brexit, the Labour Party's Marxian hard leftism should cause us equal, if not more, concern.

Britain's Labour Party leader Jeremy Corbyn acknowledges the audience's applause after he delivered his keynote speech at the Labour Party Conference.

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.

February 1, 2021

Democracy
After the Capitol Riot, Biden’s Summit for Democracy Is More Needed Than Ever

Now more than ever, democracy’s champions need to hang together. The Biden administration should approach its proposed Summit for Democracy in the spirit of humility rather than hubris.

National Guard members stand guard outside the U.S. Capitol ahead of U.S. President-elect Joe Biden's inauguration, in Washington, DC, on January 17, 2021.

August 16, 2023

United States
Does Fitch’s Downgrade of U.S. Debt Really Matter?

The ratings agency’s decision will have no consequences for the U.S. dollar’s global role, but it highlights the country’s darkening fiscal outlook and governance challenges.

A woman walks past a currency exchange office in Moscow.

November 8, 2023

China
Can a Summit Ease U.S.-China Tensions?

On the sidelines of the Asia-Pacific Economic Cooperation summit, a rare in-person meeting between U.S. President Joe Biden and Chinese President Xi Jinping will provide an opportunity to put a range…

U.S. President Joe Biden shakes hands with Chinese President Xi Jinping at the G20 summit in Bali, Indonesia, in 2022.

November 16, 2023

Argentina
Argentina Election Draws Wider Attention to Embattled Economy

The country’s massive economic problems will be a vexing challenge for whoever becomes president.

People line up in front a butcher shop next to signs showing meat prices.