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Rarely has the world seen a single-day market crash like the one in Argentina this week. Investors stampeded for the exits Monday, devastating markets for Argentina’s stocks, bonds and currency, following the outcome of a primary election that strongly suggested President Mauricio Macri will lose his reelection bid. At one point, Argentina’s Merval index had dropped a staggering 48 percent, the second-biggest single-day loss anywhere in the past 70 years. When the day was over, the Merval had lost more than a third of its value, bonds had fallen 20 percent and the peso had crashed to new record lows. […]

Editor’s Note: Every Wednesday, WPR Newsletter and Engagement Editor Benjamin Wilhelm curates the week’s top news and expert analysis on China. “After months of prolonged resistance, we are frightened, angry and exhausted.” The contrite message, part of a lengthy apology sent to reporters Wednesday and signed “from Hong Kong protesters seeking democracy and freedom,” came after four days of demonstrations at Hong Kong International Airport that caused hundreds of flight cancellations and several violent incidents. The protests were largely peaceful until Tuesday, when scuffles broke out between passengers and demonstrators, who had blocked the departure gates. Later that evening, protesters […]

Earlier this month, a white supremacist gunman opened fire at a Walmart shopping center in El Paso, Texas, killing 22 people. According to police, the suspected shooter has admitted to targeting “Mexicans,” and he had apparently posted a manifesto online just prior to his rampage, in which he decried a “Hispanic invasion of Texas.” In the same manifesto, he praised another white supremacist gunman who killed 51 people at two mosques in Christchurch, New Zealand, in March of this year. These are sadly just a few of the violent incidents perpetrated in recent years by right-wing extremists around the world. […]

There is a simple metric that many will use to judge the performance of Guatemala’s next president: Can he stop the exodus of people fleeing the country? Alejandro Giammattei, the leader of the right-wing Vamos party who won Sunday’s runoff convincingly over Sandra Torres of the center-left National Unity of Hope party, says he has a plan. But there are many reasons to be skeptical. According to local estimates, nearly 250,000 Guatemalans left their country in the first half of this year, equivalent to 1.5 percent of the population of some 17 million, and most of them headed for the […]

A drive to the airport in Shanghai from an outlying suburb earlier this week revealed an entirely new city to me. Brand new high-rise apartments rose in thick clusters in the near distance, as new access roads zigged, zagged and looped around new train and subway stations. Mine was not the usual surprise of newcomers to this city, but rather that of someone who had lived there for six years, up until 2009. Shanghai was already plenty big and new and physically impressive then. But to look at the way entirely new zones—from Pudong in the east to the southwestern […]

NEWRY, Northern Ireland—One of the main attractions at the local museum in Newry, a bustling market town some 40 miles south of Belfast, is an old wooden sign. Painted on a chalky white background, its tall red letters proclaim in Irish, then in English: “Custaim: Stad, Customs: Stop.” For decades, this sign stood on the road between Newry, in Northern Ireland, and Dundalk, in the Republic of Ireland, demarking the twisting, 500-kilometer border between the two countries. The sign was taken down when Ireland and the United Kingdom joined the European Union’s single market in 1993. By the time the […]

Newly installed British Prime Minister Boris Johnson is eager to negotiate a trade deal with the United States. But should he be? And what price is he willing to pay? Other countries—China, Japan and the U.K.’s neighbors in the European Union—are all negotiating with the U.S. under duress. They seem to be doing their best to stall things for as long as possible in the hope that President Donald Trump won’t be reelected next year. By contrast, British International Trade Secretary Liz Truss and Foreign Secretary Dominic Raab came to Washington last week to push for trade negotiations to start […]

In a sudden move on Aug. 5, India’s government announced it was eliminating the special, semiautonomous status of the state of Jammu and Kashmir by revoking Article 370 of the Indian Constitution. The decision is a watershed moment in the 72-year-long standoff between India and Pakistan over control of the Kashmir region, as well as for the Kashmiri peoples’ long struggle for political autonomy. It opens an uncertain new chapter in Indian-administered Kashmir, with reverberations far beyond its contested borders. The historic arrangement under which Jammu and Kashmir was to have a greater degree of political autonomy than other Indian […]

Since 2016, protesters from New Zealand’s indigenous Māori population have occupied a plot of land at Ihumātao, near Auckland, to prevent construction of a housing development.* The land was confiscated from its original Māori inhabitants in the 19th century, and protesters are demanding that it be incorporated into a nearby public reserve. The standoff intensified last month after police unsuccessfully tried to evict the protesters, and it could damage Prime Minister Jacinda Ardern’s standing among the Māori population if it is not resolved peacefully. In an email interview with WPR, Grant Duncan, a professor of political studies at Massey University’s […]

As vacation photos from exotic locales pile up in Facebook and Instagram feeds this summer, it’s easy to take far-flung tourism for granted. Well-heeled friends riding elephants in Thailand or camels in Giza might as well be at the Jersey shore or beside a lake in the Adirondacks. Mass international tourism, like the free flow of goods, services, money and data, has become a hallmark of globalization. This is neither accidental nor trivial. The ability of those with means and passports to travel the world is a function of international cooperation. It is also a force for global understanding, a […]

In mid-July, government officials inaugurated operations at the sprawling Mirador mine in southern Ecuador. An open-pit copper, gold and silver mine in the Zamora-Chinchipe province near the Peruvian border, Mirador’s reserves reportedly include 3.2 million tons of copper, 3.4 million ounces of gold and 27.1 million ounces of silver. The amount of copper makes it Ecuador’s largest copper mine, but still smaller than the massive copper mines in Chile and Peru. The mine, which can already produce 10,000 tons of minerals per day, is expected to increase its output to 60,000 tons per day and potentially earn the Ecuadorian government […]

Editor’s Note: Every Friday, Andrew Green curates the top news and analysis from and about the African continent. With the signing of a peace agreement this week, Mozambique’s decades-long internal struggle might finally be nearing its end. The agreement between the country’s two rival political parties—Frelimo, which has controlled the government since independence in 1975, and the former guerilla movement Renamo—comes just two months before national elections. The anti-communist Renamo rebels launched a 15-year war against Frelimo’s Marxist government shortly after Mozambique achieved its independence from Portugal in 1975. The conflict was notoriously brutal and also spurred a famine, killing […]

In this week’s editors’ discussion on Trend Lines, WPR’s managing editor, Frederick Deknatel, and associate editor, Elliot Waldman, talk about North Korea’s recent string of short-range ballistic missile tests, the Trump administration’s less-than-forceful response, and what that says about the broader dysfunction plaguing the U.S. intelligence and foreign policy communities. They also discuss the ongoing pro-democracy protests in Algeria, which are now in their 25th week. As Francisco Serrano notes in his in-depth report for WPR this week, the outlook for the country’s protest movement remains unclear, given the risks that Algeria’s military leaders could still revert to form and […]

Even longtime observers of Sudan didn’t predict the collapse of President Omar al-Bashir’s government when protests against his economic policies began late last year. Widespread discontent and a crumbling economy, though, eventually proved to be too much for his entrenched but beleaguered regime. Since Bashir was forced out of power in April, the Transitional Military Council running the country has presided over a massacre of civilian protesters in Khartoum. Despite some recent progress in negotiations between the generals and protest leaders who are eager to begin a democratic transition, the situation remains fraught and exposed to the meddling of outside […]

When the history of Myanmar’s genocide against the Rohingya people is finally written, it may read a lot like the cases of Rwanda and Yugoslavia. The International Criminal Court could eventually prosecute a few of the military officers responsible for killing and torturing thousands of Rohingya, a predominantly Muslim ethnic minority long persecuted in Myanmar. Chances are, though, that justice will be lumbering and uneven. Like others before them, most of the perpetrators will likely evade prosecution altogether. History could turn out differently, however, if calls are heeded from the United Nations independent fact-finding mission in Myanmar to sanction the […]

Before being elected president, Donald Trump had already disparaged many American allies during the 2016 campaign, questioning the point of NATO and suggesting he might abandon defense treaties with countries like Japan and South Korea, among other criticisms of longstanding U.S. foreign policy. So there were immediate questions, and lots of angst, about what effect his presidency would have on U.S. relations around the world. Three years later, Trump’s often boorish behavior has had an undeniable impact on America’s relationships with its allies. Yet America’s alliances have not fallen apart, and many far-flung friends still have good relations with Washington. […]

Small, landlocked Paraguay has been engulfed in a political storm that has seen both its president and vice president nearly impeached in recent weeks. The crisis began on July 23 when Pedro Ferreira, the head of the National Electricity Administration, the state-owned energy company known as ANDE, resigned. Ferreira claimed that he was being pressured to add his signature to a secret energy deal with Brazil that had been negotiated behind closed doors by high-ranking officials in May. Ferreira described the deal as constituting “high treason.” The agreement, which was cancelled by Paraguay and Brazil on Aug. 1 as the […]