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 […]
Ghosts at the Banquet: The Washington NATO Summit
The Vilnius NATO summit of 2023 was stalked by a spectre. How would the allies deal with Ukraine’s NATO aspirations while its vaunted counter-offensive had gotten off to a sputtering start, amidst nuclear saber rattling by Vladimir Putin and his henchmen, eliciting in turn a focus on “escalation management” by Joe Biden’s national security team. […]
A Freedom Strategy for the Global South
In the current cold war, the US and its allies in the Free World bloc are in a sharp contest with the authoritarian, revisionist, and expansionist bloc of China, Russia, Iran, and North Korea. The stakes could not be higher. If the Free World loses this contest, the freedom, security, and prosperity of Americans and its […]
Hidden Discord in the Russia-Iran Alliance
When Iran’s President Raisi died in a helicopter crash in May, President Putin expressed condolences and called Raisi a “very reliable partner.” Russian Muslims offered prayers for Raisi at Moscow’s main mosque, and Russian state television provided continuous updates on the funeral arrangements from Iran. Raisi and Foreign Minister Hossein Amirabdollahian, who also perished in […]
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 […]
World Energy Markets: <br> Why They Have Barely Responded to Date to the Middle East Conflict
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 […]
Israel’s Embattled But Resilient Economy
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 […]
Egypt’s Economic Decay and its Implications
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 […]
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 […]
