October 17, 2019Nigeria
In August, President Muhammadu Buhari ordered closed Nigeria’s land border with Benin, preventing the import of goods. The move significantly affected trade in foodstuffs. It is part of an effort to tackle smuggling and associated corruption, but also, apparently, to spur the domestic agricultural industry. On October 14, Nigeria ordered closed all of Nigeria’s borders with Benin, as well as those with all other countries, for the same reasons.
October 17, 2019Taiwan
The Fall 2019 Treasury Foreign Exchange Report should send a strong warning to Thailand, Taiwan, and Singapore that their current pattern of intervention in the market would put them at risk of futur…
October 11, 2019Election 2020
The big foreign policy news this week was President Donald Trump’s decision to withdraw U.S. troops who have been working with Syrian Kurds, effectively greenlighting Turkey’s subsequent invasion of …
October 10, 2019Sub-Saharan Africa
Rich people are everywhere, and they can have something to say about the level of economic development in their home countries. Afrasia Bank and New World Wealth have just published the 2019 Africa Wealth Report, which includes North Africa and African island states in the Atlantic and Indian Oceans. It identifies the continent’s six wealthiest cities, defined as total individual private wealth—equities, real estate, businesses—less liabilities. They are Johannesburg, Cape Town, Cairo, Lagos, Durban, and Nairobi.
October 10, 2019Southeast Asia
By Hunter Marston and Joshua Kurlantzick Hunter Marston is a doctoral candidate at Australian National University. In the run-up to Myanmar’s elections next year, there is little positive news …