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Snapshot,
Mark Blyth

Scottish independence could lead to economic disaster. But debates over national independence are seldom rational. Younger Scots aren't thinking about costs and uncertainties so much as the idea that a different future is possible.

Postscript,
R. Daniel Kelemen

Last Friday, EU leaders voted to nominate Jean-Claude Juncker as the next president of the European Commission. Juncker’s nomination constituted a major victory for the European Parliament and a humiliating defeat for British Prime Minister David Cameron.

Snapshot,
Tom Keatinge
In recent years, U.S. and European officials have aggressively targeted terrorist financing networks. Those efforts have come at a high cost, restricting access to the financial system and pushing more cash into the shadows.

Essay, JUL/AUG 2014
Benn Steil

In today’s dollar-dominated financial system, changes in U.S. monetary policy can have immediate and significant global effects, wrecking economies and toppling regimes. As a result, for many countries monetary sovereignty is nothing but a dream.

Snapshot,
Jonathan Hopkin and Mark Blyth

Wealthy Russian expats seem to wield substantial influence over the British government's approach to the Ukraine crisis, which points to the outsized role that such super-rich play in British politics. But all that foreign money reveals deep structural weaknesses in the British economy.

Essay, Nov/Dec 2013
Charles W. Calomiris and Stephen H. Haber

Conventional wisdom sees banking crises as apolitical, the result of unforeseen and extraordinary circumstances. In reality, the same politics that influence other aspects of society also help explain why some countries, such as the United States, suffer repeated banking crises, while others, such as Canada, avoid them altogether.

Comment, Sept/Oct 2013
Matthias Matthijs

A British exit from the EU is now more likely than ever, thanks to Prime Minister David Cameron, who has caved in to his party’s right wing. But such a move would be disastrous--not only for the United Kingdom, but for the rest of Europe and the United States.

Snapshot,
Brendan Simms

Margaret Thatcher re-established the United Kingdom as a major force on the international scene. But she failed to see that the best hope for Europe's future was integration.

Snapshot,
Amrita Narlikar and Dan Kim

Despite the claims of its champions, the fair-trade movement doesn't help alleviate poverty in developing countries. Even worse, it is just another direct farm subsidy of the kind most conscientious consumers despise. In the long term, the world needs free trade, not fair trade.

Review Essay, Mar/Apr 2013
Brendan Simms

Foreign policy realists have long found inspiration in the ideas of Lord Castlereagh, who served as British foreign secretary during and after the Napoleonic Wars. A new biography of the statesman presents him as more ideological than is traditionally assumed, and suggests that his example is more relevant than ever -- and might even hold the key to solving Europe's ongoing crisis.

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