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 […]
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 […]
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 […]
Suriname’s Hinge Election
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 […]
The West Should Develop the Trans-Caspian Trade Corridor
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 […]
Time to Repeal Jackson-Vanik in Central Asia
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 But it is time for Congress to remove this outdated policy in order to strengthen relationships with Central Asia and present a US commercial alternative to Russia and China.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 […]
Compete with China by Reviving the Generalized System of Preferences
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, […]
Israel’s Economy After Nine Months of War: A Fragile Recovery
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 […]
The Failure of the "Economic Peace" Model in the Middle East
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 […]
Southeast Asia’s Growing Importance to Global Trade
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 […]
Looking Beyond the War: Planning for Ukraine’s Reconstruction
The outcome of Russia’s war on Ukraine and the provisions of a final settlement are as yet unknown. Ukraine may prevail in pushing Russia back to the 1991 borders, as President Zelenskyy intends. The conflict might result in a settlement with a divided Ukraine, both countries exhausted from the effort. It could grind on for years […]
The Abraham Accords: Anchoring Peace in Contested Waters
This summer, Israel and Lebanon have come closer than ever to settling a decades-long maritime border dispute. A resolution of this dispute would not only give an economic boost to the region but also would help meet Europe’s energy needs.
How to Fix Ukraine’s Economy
The Ukrainian economy is in dire straits after Russia’s attack on the country on February 24, with current forecasts of a 35% drop in gross domestic product (GDP) in 2022. The primary challenge is to stop Russia’s aggression, which is costly, but the next issue is to rebuild Ukraine and complete its post-communist reforms, which […]
Domestic Politics and Deglobalization
What’s Next for Global Economic Governance?
The Diminished Role of Economic Sanctions
Tel Aviv University’s Tal Sadeh explains how globalization of markets allows countries to evade economic sanctions, reducing their effectiveness.
The True and Sad Story of Israel’s Economy and How to Change It
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.
