30 years ago, Europe experienced a truly miraculous few months. Today, we should honour not only those who fought for change, but also those who refused to send out the tanks
The IMF’s bizarre belief in 'expansionary austerity' would be laughable if it were not so damaging. How can it justify an approach with such a poor track record?
History suggests that a global superpower in relative decline should aim for a soft landing, so that it still has a comfortable place in the world once its dominance fades. By contrast, US President Donald Trump's incoherent, confrontational approach toward China could seriously damage America’s long-term interests
If Chinese soldiers storm the city, an immediate exodus of expats and elites with foreign passports and green cards will follow, and Western businesses will relocate en masse to other Asian commercial hubs
Political betting markets now put the chance of a no-deal Brexit at roughly one-third. But, regardless of the reckless promises to Conservative Europhobes that made Boris Johnson prime minister, an orderly, negotiated Brexit will be the favored option for a political libertine whose only consistent principle has been inconsistency.
The 75th anniversary of the Bretton Woods agreement and the departure of Christine Lagarde from the helm of the International Monetary Fund represent a golden opportunity to put the institution on a path toward a more effective and inclusive future. What should her successor's priorities be?
Regardless of whether it succeeds in bending Iran to its will, the Trump administration has strengthened other countries’ incentives to bypass the US financial system altogether
The likely successor to British Prime Minister Theresa May, Boris Johnson, has plans to subsume the government department overseeing development aid into the foreign office, effectively eliminating it
To the dismay of many energy experts, the World Bank recently rather capriciously decided to stop funding virtually all new fossil-fuel plants. But phasing out readily available coal is a move that most major developing countries simply cannot afford without adequate incentives.