The new central bank network created since 2008 is of a piece with the new networks for stress testing and regulating the world’s systemically important banks. The international economy they regulate is not one made up of a jigsaw puzzle of national economies, each with its gross national product and national trade flows. Instead they oversee, […]
The past decade has witnessed significant changes in the global economy as many nations around the world have struggled with the Great Recession and its aftereffects. While the United States and other relatively wealthy Western nations have slowly bounced back from the crisis, economic growth rates have been low compared with those of China, India […]
The German chancellor herself has said she is highly skeptical of the leadership role ascribed to her by international media. Merkel’s view is, in fact, shared by her fellow citizens, whose appetite for global leadership remains limited. Berlin’s de facto dominance in Europe notwithstanding, Germans are as reluctant as ever to embrace a prominent international role. Read […]
U.S. President Donald Trump just sought to redefine the West. In a speech to cheering crowds in Warsaw on Thursday, Trump described the West’s values in terms of religion and culture and called for the defense of its civilization against radical Islam. It amounted to a manifesto for his foreign-policy vision. The address included repeated invocations of […]
When a ransomware outbreak exploded from Ukraine across Europe yesterday, disrupting companies, government agencies, and critical infrastructure, it at first appeared to be just another profit-focused cybercriminal scheme—albeit a particularly vicious and damaging one. But its origins in Ukraine raised deeper questions. After all, shadowy hackers have waged a cyberwar there for years, likely at […]
Although he has only been in office a few months, Donald Trump’s presidency has had a major impact on how the world sees the United States. Trump and many of his key policies are broadly unpopular around the globe, and ratings for the U.S. have declined steeply in many nations. According to a new Pew […]
American allies across Europe want used F-16 fighter jets, but there might not be enough planes to go around, U.S. Air Force officials say. First produced in 1974 by General Dynamics and built since 1993 by Lockheed and its successor Lockheed Martin, the F-16 is attractive to some NATO allies that are increasing or planning […]
It is difficult to imagine it now, but continental Europe struggled with foundational divides—with periodic warnings of civil war—as recently as the 1950s. Belgium, Switzerland, Austria, and the Netherlands were divided into ideologically opposed subcultures, sometimes called “spiritual families” or “pillars.” These countries became models of “consensual democracy,” where the subcultures agreed to share power […]
As the global economy picks back up, it is difficult to imagine populism maintaining momentum. A new Pew study finds, “Nearly a decade after the worst economic downturn since the Great Depression, economic spirits are reviving. … A median of 51% in the 17 advanced economies surveyed believes that their current economic situation is good, […]
President Donald Trump announced that he will pull out of the Paris climate agreement, delivering the news in a Rose Garden speech loaded with the “America First” rhetoric of his presidential campaign. Read Here – Politico Also read: Did Donald Trump Just Make the Planet Hotter 4 Reasons President Trump Was Right to Pull Out […]
looking beyond borders 