Buried within the annual National Defense Authorization Act that overwhelmingly passed Congress this month is a measure that will strengthen American anti-money laundering and anti-corruption rules. Most notably, the NDAA, as the bill is known, will require the Treasury Department to begin collecting beneficial ownership information on companies registered in the U.S., effectively banning anonymously owned companies, including shell companies that are often used as fronts for dirty money. Assuming Congress overrides President Donald Trump’s threatened veto of the law, as expected, this is a game-changer for global efforts to fight graft. The U.S. has long lagged behind other countries […]
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Humanity is at war with the living planet, endangering our prosperity and indeed our very survival on Earth. That is the stark message of the 30th Human Development Report, “The Next Frontier: Human Development and the Anthropocene,” released last week by the United Nations Development Program. For too long, we have pursued an economic model of development based on unsustainable production and consumption, heedless of the impact on the natural world in which we are inextricably embedded. The bill is now coming due. The COVID-19 pandemic, which began as a zoonotic disease, is only the latest example of the pressures […]
“It’s very easy for us to forget that things in the global economy and geopolitically were already somewhat precarious before COVID hit in earnest,” says Dr. Dambisa Moyo. “As we start to think about what a post-pandemic recovery looks like, I think it’s very important to have that context in mind.” This is why, for Dr. Moyo, “COVID is an accelerator to the challenged environment that was already occurring.” Dr. Moyo is a widely acclaimed economist and author of four New York Times bestselling books, most recently, “Edge of Chaos: Why Democracy Is Failing to Deliver Economic Growth—and How to […]
In addition to its human toll, the coronavirus pandemic has wreaked economic havoc around the world. Entire economies ground to a virtual standstill as governments implemented strict lockdowns to prevent the spread of the virus. The impact on individual countries has only been exacerbated by the disruptions to global trade caused by the pandemic, and uncertainty still surrounds the shape of the economic recovery that will come in its aftermath. But even before the pandemic, the developed economies of Western democracies faced structural obstacles to growth that have called into question their models of governance, even as China’s high-growth development […]
Editor’s Note: Africa Watch will be off for the holidays the next two weeks. It will return Jan. 8. More than 340 Nigerian schoolboys, abducted by armed men in a nighttime raid last week, were freed Thursday and are being reunited with their families. Boko Haram claimed responsibility for kidnapping the boys from their boarding school in northwestern Katsina state, and the celebration of their release was tempered by concerns that the jihadist group may now be expanding beyond its traditional base in the country’s northeast. Government critics are also questioning whether President Muhammadu Buhari’s administration is equipped to contain […]
To call the revelations about Russia’s devastating cyberattack on U.S. government agencies and thousands of American businesses chilling would be a gross understatement. What is even scarier, though, is that despite wave after wave of Russian-sponsored cyberattacks on the United States and its allies for more than a decade now, Washington still apparently lacks the political will to defend against this Russian aggression. It is possible and even probable that this latest attack will provoke a strong response from the U.S. and its allies, as some have suggested. As well it should. After all, the breach of the network monitoring […]
U.S. President Donald Trump’s surprise move last week to recognize Morocco’s claim to the disputed region of Western Sahara, in exchange for Morocco normalizing relations with Israel, ushered a long-frozen conflict into a new and more volatile phase. In one sense, it is formal acknowledgement of the reality that Morocco has cemented its de facto control over most of Western Sahara. With U.S. backing, Morocco now has even less incentive to cooperate with the United Nations in its decades-long effort to determine the fate of the coastal desert territory through a referendum on self-determination, promised after the U.N. brokered a […]
President Donald Trump’s presidency has in many ways undermined America’s global standing and its ability to work together with other countries. But on some issues, “His willingness to question long-running common wisdom about U.S. foreign policy has actually been a benefit and an asset to America,” says Emma Ashford, a senior fellow at the New American Engagement Initiative in the Atlantic Council’s Scowcroft Center for Strategy and Security. She joined WPR’s Elliot Waldman on the Trend Lines podcast this week to look back on four years of Trump’s foreign policy initiatives and pick out aspects of his legacy that are […]
This past spring, as the coronavirus pandemic was tightening its grip across the globe, I wrote about Sweden’s controversially relaxed response to COVID-19, describing it as more of a failure than a panacea. Still, I conceded, “the final judgement on Sweden’s unorthodox approach cannot be rendered until the crisis moves into the history books,” even if the actions of Swedish authorities “may ultimately be viewed by future generations of Swedes as a shameful chapter in the country’s history.” I was wrong. We won’t have to wait until the end of the pandemic to know that Sweden’s strategy was a preventable […]
CAIRO—With hundreds of women flooding social media in recent months with accusations of sexual harassment and assault, a growing #MeToo movement is taking Egypt by storm. Their online testimonials have garnered massive public support and prompted reforms to the country’s sexual harassment laws, like granting anonymity to victims and witnesses in sexual assault cases. More broadly, they are challenging the culture of victim-blaming that is often associated with sexual harassment and assault in Egypt. Activists are hoping to build on this momentum in a country where gender-based violence has become all too common. After the Arab Spring protests in 2011 […]
During his four years in office, President Donald Trump has worked methodically to tear up just about any foreign policy initiative or multilateral treaty that had Barack Obama’s fingerprints on it, from the Paris climate accord to the Iran nuclear deal to the policy of so-called “Strategic Patience” with North Korea. While President-elect Joe Biden is understandably promising a completely different approach in some areas, there are some aspects of his presidency that are worth preserving and building on. This week on Trend Lines, WPR’s Elliot Waldman is joined by Emma Ashford for a conversation about what to keep and […]
Editor’s Note: Every Wednesday, WPR Assistant Editor Benjamin Wilhelm curates the week’s top news and expert analysis on China. WPR contributor Rachel Cheung wrote the lead story in China Note this week. Subscribers can adjust their newsletter settings to receive China Note by email every week. There is no end in sight, it seems, to the diplomatic fallout between China and Australia, as both countries race to win new partners in the Asia-Pacific to blunt the impact of their own worsening ties. After China imposed harsh tariffs on many Australian goods, Australia has been eyeing Taiwan as an alternative market […]
For the first time, an official from a former Soviet country has been named to a senior position at the Organization for Security and Cooperation in Europe. Kairat Abdrakhmanov, a well-regarded diplomat who served as Kazakhstan’s foreign minister from 2016 until 2018, was appointed earlier this month as the OSCE’s new high commissioner for minorities. His job will be to protect the rights of ethnic minorities in the OSCE’s 57 member states—part of a broad commitment to protecting human rights that was enshrined in the 1975 Helsinki Accords, which stabilized relations between the Soviet bloc and the West at the […]
When President-elect Joe Biden takes office on Jan. 20, he will inherit two types of problems from his predecessor. The first will involve repairing the damage President Donald Trump created through neglect: the alliances, partnerships, multilateral organizations and U.S. government institutions to which Trump paid too little attention the past four years. Though not negligible, these problems will in most cases be relatively straightforward to address through methodical diplomacy—the simple art of showing up. The second category of problems has to do with the damage Trump created by paying too much attention to an issue: most of all, his campaigns […]
SAO PAULO—When Brazil’s far-right president, Jair Bolsonaro, went to New York in 2019 to address the United Nations General Assembly, he crossed paths in a hallway with one of his favorite politicians, President Donald Trump. Visibly anxious, the Brazilian leader exclaimed, “I love you,” in heavily accented English. Trump shook his counterpart’s hand, murmured “nice to see you again,” and walked away. While the episode showcases Bolsonaro’s deep personal admiration for Trump, it is also a vivid example of how Brazil’s foreign policy toward the United States over the past two years has been predicated on the Brazilian leader’s efforts […]
Early this year, when the realities of the COVID-19 pandemic were beginning to sink in, the governments and monetary authorities of the world’s largest economies were challenged to respond. To prevent the worst from occurring, economic rescue packages needed to meet three key criteria from the time-tested, crisis-fighting playbook: speed, size and sustainability. At the time, the policy responses could only be judged on the first two of those characteristics. On both counts, they scored quite well. Collectively, from the United States to Europe to Japan, policymakers’ efforts to address the economic fallout of the pandemic were impressive and historic […]
“Trade is like any other tool in our domestic or foreign policy,” Katherine Tai, President-elect Joe Biden’s choice to be the next U.S. trade representative, said last Friday when her nomination was announced. “It is not an end in itself. It is a means to create more hope and opportunity for people.” Those remarks from the 46-year-old career trade official may seem self-evident. But they hint at what could become a significant change in the direction of trade policy under the new president. Since the era of bilateral and regional trade negotiations began in the mid-1980s, the mission of the […]