How Kazakhstan Can Become the Hub of the New Silk Road
The Trans-Caspian International Transit Route or “Middle Corridor” is Central Asia’s best bet for increasing connectivity and economic ties to the West. But Kazakhstan, the corridor’s hub, faces internal challenges like price competitiveness and external threats like climate change and geopolitics. The Middle Corridor stretches from western China across the vast Kazakh steppe and the […]
Israel’s War Economy in the Balance
Israel’s economy faces two threats in 2025 – from the Iran-Gaza war and from the global economic upheaval caused by the Trump tariffs – but there are also signs of recovery. As we approach the end of the first half of 2025, Israel finds itself straddling two wars. The obvious one started from Gaza on […]
Triumphing on Tariffs
On April 2, President Trump presided over a “Liberation Day” ceremony in the Oval Office, announcing dramatic increases in America’s tariffs on foreign goods and services, in a bold move that he described as America’s declaration of economic independence. Trump imposed a general ten percent tariff on all countries, with additional surcharges on most countries […]
England’s Simmering Northern Rebellion
In northeast England, an hour south of Newcastle next to the beautiful Yorkshire Dales, sits the post-industrial city of Middlesbrough. Its story is that of the country’s industrial rise and fall. 250 years ago, Middlesbrough was a speck on the map. Coal mining and steel and iron production propelled its rapid ascent into a thriving […]
Milei Races Against Time to Remake Argentina
For decades, Argentina has been a cautionary tale of a once prosperous nation undergoing slow multi-decade collapse, proof of what happens when a society persistently ignores all the warning signs of prolonged mismanagement. In November 2023, Argentina’s voters broke with the past and elected Javier Milei, an economist with a wild haircut, the rhetorical style […]
The Key to Japan’s Economic Revival
In 2010, Japan fell behind China from second to the third place among the largest economies in the world. In 2023, Japan slipped again to fourth place, falling behind Germany. The recent drop has a variety of short and longer-term explanations: the economy contracted for two consecutive quarters in late 2023, the yen has steadily […]
The Future of the US-China Relationship
The US-China relationship faces certain tension and rising competition over the next four years. While it is impossible in general to predict specific new administration policies, there are likely to be wide swings between efforts to engage China and seek compromise, with efforts to compete, confront, or even contain Beijing. President Trump will be surrounded by […]
Israel Pulls An Economic Lever on Lebanon
In October 2022, Israel and Lebanon sent separate commitments on a common maritime border to the United States. The deal was structured in this fashion, rather than as a bilateral agreement, to accommodate the government of Lebanon, which refused to sign anything directly with Israel. The maritime border deal was intended to allow each country […]
Under Lula, Brazil Aims High But Falls Short
When Luiz Inácio Lula da Silva returned to Brazil’s presidency in 2023, it was clear that he wished to restore the high international profile which Brazil had enjoyed during his first two terms, 2003-2010. International expectations were high given that his predecessor, Jair Bolsonaro, had been largely uninterested in foreign policy. However, Lula has faced […]
Azerbaijan Between Triumph and Turbulence
Over the course of 33 years since the fall of the Soviet Union, Azerbaijan has transformed into an independent regional player. Its neighbors in Armenia fear that Azerbaijan’s ambitions will eventually lead to another war. Average Azerbaijanis, meanwhile, wonder when the military achievements will translate into economic prosperity. Regaining Territory Through War It’s impossible to […]
