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September 14, 2018

U.S. Foreign Policy
The Augusta Victoria Mistake

As a strong supporter of the Trump administration's Middle East policy, I believe the president's recent decisions dealing with the Israeli-Palestinian conflict are correct--except for one. Everyt…

August 12, 2019

United States
Election 2020: Bill de Blasio, Democratic Presidential Candidate

Height is an advantage in presidential politics. Throughout American history, the taller of the two major party candidates has won the popular vote two-thirds of the time. That’s good news for Bill d…

Bill de Blasio

November 8, 2019

Nigeria
Middle Class Nigerians Struggle to Afford Housing in Lagos

Housing for professionals working in the modern economy are challenged in most of the world’s mega-cities. Lagos is no exception, as profiled by the BBC. Its reporter estimates that “middle-to-high-income” housing can cost between $5,000 and $40,000 a year. But the practice of paying a year’s worth of rent upfront sets Lagos apart: the BBC’s reporter was asked for between $11,000 and $22,000 for a two-bedroom apartment with electricity in a good Lagos neighborhood, Victoria Island.

Yachts seen docked at the marina in front of housing complex building

October 10, 2019

Sub-Saharan Africa
Rich People and Wealth in 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.

Visitors walk past a reception with an electronic board displaying movements in major indices at the Johannesburg Stock Exchange building

September 20, 2019

Global Governance
Five Centuries after Magellan, Globalization Needs to Grow Up—and Fast

On this anniversary of Magellan's first expedition to circumnavigate the globe, we should reflect on the trajectory globalization has taken—and adopt a more cosmopolitan approach to life on our shrin…

17th Century Map

January 8, 2018

North Korea
An Olympic Window for Korean Nuclear De-escalation

Jongsoo Lee is senior managing director at Brock Securities and center associate at Davis Center for Russian and Eurasian Studies, Harvard University. The opinions expressed here are solely his own. …

An Olympic Window for Korean Nuclear De-escalation

April 11, 2019

France
A Conversation with François Villeroy de Galhau

Governor Villeroy discusses economic and financial developments in France and the European Union, monetary challenges for 2019, and related risks.

Play A Conversation With François Villeroy de Galhau

March 18, 2019

Southeast Asia
Five Eyes Intelligence Sharing Has Failed to Combat White Nationalist Terrorism

By Van Jackson New Zealand may appear to be a paradise in the Pacific, but it is afflicted by many of the problems facing other liberal democracies, such as a rising suicide rate and deep socioeco…

Jacinda Ardern_3.15.2019

February 8, 2017

Monetary Policy
Does Korea Operate A De Facto Target Zone?

Fred Bergsten of the Peterson Institute has long argued for target zones around the major exchange rates. In the past twenty years, no G-3 economy has followed Bergsten’s policy advice.* The world’s …

Does Korea Operate A De Facto Target Zone?

July 30, 2014

Immigration and Migration
Dos Naciones Indivisibles on Es la Hora de Opinar

Two weeks ago, I was down in Mexico for the launch of the Spanish-language version of my book, Dos Naciones Indivisibles: México, Estados Unidos, y el Camino por Venir. During my time there, I had th…