Economy

Suriname, a small, resource-rich country with a population of 600,000, faces a consequential election in May 2025, when its current president, Chan Santokhi, seeks re-election. Owing to limited polling data, the outcome remains uncertain. But these elections will be pivotal for the country’s economic reform agenda and oil prospects and thus its economic future, as highlighted […]

Development of the Trans-Caspian corridor would shift trade and energy routes between Europe and Asia to favor Western commercial and strategic interests. Over the past decade, global trade infrastructure has been transformed by China’s economic rise and its strategic investments in trade routes. Central Asia, the “belt buckle” on China’s Belt and Road Initiative, is […]

Jackson-Vanik was a cornerstone of the US response to the Soviet Union during the Cold War. But it is time for Congress to remove this outdated policy in order to strengthen relationships with Central Asia and present a US commercial alternative to Russia and China.  The Jackson-Vanik Amendment to the Trade Act of 1974 denied US […]

The United States needs to urgently reinstate the Generalized System of Preferences (GSP), the country’s largest and oldest trade preference program.  First implemented in 1976, GSP was designed to facilitate economic growth in developing countries by allowing certain products, such as jewelry, carpets, some agricultural and fishery products, and many types of chemicals and minerals, […]

On a recent Saturday afternoon walk in Jerusalem’s Old City, usually bustling in summer high season, most shops were shuttered. Only a few intrepid Korean pilgrims were visible, along with small groups of Jews holding prayerbooks headed to the Western Wall.  The war has largely scared off tourists, with knock-on effects for subsidiary businesses like […]

On September 26, 2021, Israel’s then Prime Minister Naftali Bennet took the podium at the UN General Assembly and laid out a grand vision for the Middle East. It was a modernist, advanced, technological future (as befitted Bennet, a former high-tech entrepreneur) in which Israel would play a major role – focused upon a world […]

The world is in the initial stages of an evolution in the structure of global trade. While popular narratives about the era of globalization described a wide dispersion of trade flows and supply chains to all corners of the world, the reality was different. Global trade remained very concentrated. For example, close to 40 percent […]

Once upon a time, violent turmoil in the Middle East would spike oil prices, sending the global energy markets and the economies of industrial countries into disarray. This was the case of the 1973 Arab-Israel war, when Middle East oil producers deployed an oil embargo, shifted the balance of market power from buyers to sellers […]

I spoke recently with a friend, Sergeant Major Amichai, who was home for a short break after nearly two months of reserve duty in the Israeli army. Amichai owns a small tour-guiding business in Jerusalem, renting Segways and other vehicles, called SmartTours. It relies heavily on domestic and international tourism. Shortly after Hamas attacked southern Israel […]

In the summer of 2013, Major-General Abdel Fatah el Sisi overthrew the Egyptian government and promised the people a renaissance. Instead, Egypt is decaying. The country has always been poor, but Egypt is now in the worst economic shape in a generation. Poverty and income inequality remain stubbornly high as Egyptians grapple with record inflation […]

What’s Next for Global Economic Governance?

Tel Aviv University’s Tal Sadeh explains how globalization of markets allows countries to evade economic sanctions, reducing their effectiveness.

The narrative of Israel being a “Startup Nation” ignores troubling and persistent macro-economic trends that place it at the bottom of the rankings among Western peers.