Economics

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Snapshot,
Alexander Lebedev and Vladislav Inozemtsev

The world needs a new international convention to combat corruption -- a global epidemic that erodes government institutions, fuels unrest, and increasingly threatens the stability of the West.

Essay, Nov/Dec 2014
Andrei Shleifer and Daniel Treisman

Twenty-five years after the fall of the Berlin Wall, critics say postcommunist reforms have failed. But the evidence says otherwise. Transition states in Europe and Eurasia have become normal countries -- no worse, and sometimes better, than other states at comparable levels of development.

Snapshot,
Eric Lorber and Elizabeth Rosenberg

U.S. policymakers are considering giving global companies a choice: stop providing long-term financing and energy assistance to major Russian companies or be kicked out of the U.S. financial system. Such measures resemble the sanctions the United States placed on Iran a couple of years ago. But Iran was a different problem. And treating Russia the same way would be a mistake.

Snapshot,
Edoardo Campanella

As they struggle to save the continent’s common currency from ruin, European policymakers must also confront what could be an even bigger economic problem. Europe’s economy is on the brink of a catastrophic skills shortage.

Snapshot,
Nicholas Spiro

Fed policy is once again revealing which emerging markets have strengthened their defenses against a tightening in U.S. monetary policy and which remain vulnerable. For its part, Turkey is firmly in the latter camp.

Snapshot,
Alan Greenspan

In today's world of fiat currencies and floating exchange rates, a return to the gold standard seems to be nowhere on anybody’s horizon. Yet gold still has special properties that no other currency can claim -- which is why China is boosting its holdings.

Snapshot,
Joshua Eisenman

Beijing has become less open to foreign businesses, subjecting them to costly fines, denying their mergers, refusing their applications for licenses, and detaining and deporting their managers. And the market has responded: In August, foreign direct investment into China fell by 14 percent from the previous year, following a 17 percent drop in July.

Letter From,
Balazs Jarabik

Residents of Ukraine are frustrated and anxious. Facing increasing economic hardship, they have little hope that things will get better. Indeed, things couldn’t get much worse.

Snapshot,
Jim Krane

The Persian Gulf's state-owned airlines are already major global brands associated with hospitality, convenience, and safety. And even as conflicts rage nearby, they're still ascending. Their arrival has been to the airline business -- and could be to regional politics -- what the dreadnought battleship was to naval supremacy: a game changer.

Snapshot,
Matt Mossman

In recent years, Occupy Wall Street hasn’t been the only group worried about how the spoils of economic growth have been distributed. Governments worldwide increasingly share the sentiment: like the pinched middle classes, they feel that corporations are taking too much of the profits for themselves. Here's the OECD and G-20's plan to get them to pay more.

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