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February 9, 2024

Global
Central Bank Currency Swaps Tracker

Introduction Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a centr…

January 29, 2024

India
The Battle for Global South Leadership

Both China and India aspire for the role, but it is not clear if nations that belong to the group see either of them as a benign leader or their champion

Indian Prime Minister Narendra Modi and China's President Xi Jinping attend the BRICS summit meeting in Johannesburg, South Africa, July 27, 2018.

January 22, 2024

Trade
The Curse of Nostalgia: Industrial Policy in the United States

A critical look at the past and present of industrial policy shows that its recent popularity is not only misguided, but is likely to have negative economic and geopolitical consequences for the Unit…

President Joe Biden signs the Inflation Reduction Act in the State Dining Room of the White House in Washington on August 16, 2022.

January 17, 2024

Democracy
Political Hurdles on Ukraine’s Way to EU Membership

After the 2013–14 Revolution of Dignity, which overthrew a deeply corrupt, Russian-backed regime, Ukraine declared its ambition to integrate into the Euro-Atlantic community of free-market democracie…

December 19, 2023

Democracy
What a Democratic Russia Would Mean for the United States

When the Soviet Union collapsed more than thirty years ago, American leaders hoped that Russia would embark on a transition to free-market democracy. Shared democratic values, the thinking went, woul…

December 14, 2023

United States
The Humbling of Henry Kissinger

The truth is that his tenure as secretary of state was often rocky, and as full of setbacks as acclaim.

Kissinger

December 13, 2023

Climate Change
Did the COP28 Summit Give a Boost to Renewable Energy Plans?

Leaders at the UN climate meeting in Dubai signaled a crucial pivot away from fossil fuel use, but significant hurdles remain for a speedy transition to emission-free energy.

An employee connects solar cells at a manufacturing plant in Oragadam, in the south Indian state of Tamil Nadu. Currently, Coal powers 70 percent of India’s electricity generation.

December 13, 2023

Trade
South America Can Still Save Its Trading Bloc

Stalemate over a trade deal with the European Union has left Mercosur on life support. Its revival depends on spurring greater intraregional trade.

Brazil’s President Luiz Inácio Lula da Silva attends the 63rd Summit of Heads of State of Mercosur and Associated States, at the Museum of Tomorrow in Rio de Janeiro, Brazil, December 7, 2023.

November 30, 2023

China
The Legacy of Henry Kissinger

The passing of America’s preeminent foreign-policy thinker and practitioner marks the end of an era. Throughout his long and extraordinarily influential career, Henry Kissinger built a legacy that Am…

Kissinger

November 20, 2023

India
The Future of the IMEC Hinges on a Stable West Asia

This multi-state project could establish India, instead of China, as the Asian authority on trade. However, Delhi’s track record on economic corridors is mixed.

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, walks with Indian Prime Minister Narendra Modi during his official visit to Abu Dhabi on July 15, 2023.