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March 19, 2024

Nigeria
The Ride of Their Lives

More than a mere automobile, the sport utility vehicle (SUV) in Nigeria is rich in social meaning.

Nigeria's President Bola Tinubu waves to the crowd as he takes a drive on a top of a sports utility vehicle.

March 18, 2024

Japan
The Japanese Bid for Foreign Bonds After the End of Yield Curve Control

The Bank of Japan (BoJ) is widely expected to end yield curve control. But Japanese yields will remain low, and foreign bonds will remain attractive to those Japanese investors who don’t have to hedg…

The Japanese Bid for Foreign Bonds After the End of Yield Curve Control

March 10, 2024

China
China’s Record Manufacturing Surplus

The U.S. likes talking about the dominance of the dollar. But don’t short-change China’s current dominance of manufacturing trade. Trade imbalances need to be taken seriously again.

Manufactured Goods Surpluses

February 14, 2024

Ecuador
Can Ecuador Avoid Becoming a Narco-State

Criminal groups have captured parts of the state. A broad political coalition must fight corruption and root them out.

Photo of Ecuadorian President Daniel Noboa

February 9, 2024

Technology and Innovation
Cyber Week in Review: February 9, 2024

Meta Oversight Board says edited video of Biden can stay up; U.S. sanctions Iranian hackers; Affordable Connectivity Program lapses; U.S. to restrict visas for spyware industry; scammers use deepfake…

Democratic U.S. presidential candidate and former U.S. Vice President Joe Biden, his granddaughter Finnegan Biden and wife Jill Biden, take part in Sunday services at Royal Missionary Baptist Church in North Charleston, South Carolina.

February 5, 2024

China
China’s New Currency Playbook

China’s pivot to a new strategy of indirect intervention through its large state banks requires new approaches to policing currency policies by both the U.S. Treasury and IMF.

Settlement by banks in China vs. Yuan-Dollar Exchange Rate

February 5, 2024

Pakistan
With Imran Khan Jailed, Pakistan’s Election May Be Torpid, But the Aftermath Might Not Be

Although the lead-up to Pakistan’s election has been relatively muted, public discontent remains high.

Former Pakistani Prime Minister Imran Khan wears a black tunic while speaking and waving his index finger.

January 26, 2024

United States
Campaign Roundup: Is NATO on the Ballot in 2024?

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: The 2024 election has potentially significant implications for the North Atlantic Treaty Organizati…

NATO flags as viewed hanging in a line.

January 22, 2024

Economics
An SDR-Linked Bond Can Strengthen the Finances of the World Bank Group

SDR-denominated bonds have the potential to significantly strengthen the balance sheet of both the IBRD (The World Bank) and IDA, freeing up cash and helping both institutions deliver on their mandat…

An SDR-Linked Bond Can Strengthen the Finances of the World Bank Group

January 16, 2024

United States
Tough New Immigration Rules Risk Empowering the Cartels

Tight restrictions on asylum and parole will drive migration further underground, where criminal groups profit.

Migrants