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January 18, 2022

International Law
Legal Principles Matter in Defense of Democracies

Legal principles matter as two major democracies—Taiwan and Ukraine—are threatened by superpower neighbors. Whether one argues about Taiwan’s status as a country or a province of China, it is a vibra…

Ukrainian service members drive tanks during the Independence Day military parade in Kyiv, Ukraine in August 2021.

January 10, 2022

Latin America
Latin America's New Economic Model May Emerge in Chile

Once the region’s no-frills, free-market poster child, Chile needs more government spending, not less, to sustain its growth trajectory.

Chile's president elect, Gabriel Boric, gives a thumbs up

January 19, 2022

Middle East and North Africa
Biden’s Middle East Strategy Is Ruthless Pragmatism

There’s a single thread connecting the White House approach to the region, from Syria to Saudi Arabia.

U.S. Secretary of State Antony Blinken and Saudi Arabia's Foreign Minister Faisal bin Farhan Al-Saud deliver remarks to reporters before meeting at the State Department in Washington, U.S., October 14, 2021

January 7, 2022

Monetary Policy
Inflation: Learning the Proper Lessons From History

Higher inflation has led to calls for price controls and a reexamination of the relationship between inflation and employment. History offers some helpful lessons.

Prices are seen displayed at a BP gas station in New York City in November 2021.

December 21, 2021

Latin America
Populism Has Killed Latin America’s Once-Powerful ‘Technopols’

Once able to rely on larger-than-life finance ministers, the region’s business leaders now need to make the public case for free markets via retail politics.

Finance Minister of Argentina Martín Guzmán bumps fists with Argentine President Alberto Fernández

December 14, 2021

Russia
Defusing the Russia-Ukraine Crisis

What to do to deter a Russian invasion of Ukraine—and what to do if deterrence fails.

A grenade launcher operator of the Russian armed forces participates in combat drills at the Kadamovsky range in the Rostov region, Russia

December 21, 2021

Middle East and North Africa
Why One Man Can Ruin Turkey’s Economy

Did Erdogan break Turkish politics by empowering the presidency—or was it broken already?

December 21, 2021

Middle East and North Africa
Why One Man Can Ruin Turkey’s Economy

Did Erdogan break Turkish politics by empowering the presidency—or was it broken already?

Turkish President Tayyip Erdogan greets his supporters in Istanbul, Turkey, April 16, 2017.

December 1, 2021

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…

November 26, 2021

Middle East and North Africa
Erdogan Has Never Been in This Much Trouble

Surrounded by rivals amid a collapsing economy, the Turkish president is facing the longest odds of his life. 

Turkish President Recep Tayyip Erdogan speaks at a lectern. There are Turkish and AKP flags behind him.