Consider the situation. Faced with growing fiscal stress, the government of an energy exporting country decides to cut generous subsidies, doubling the fuel price overnight. Protestors are out on the streets, clashing violently with security forces called in to maintain law and order. They vent t...

The exclusion of Ethiopia from the African Growth and Opportunity Act is intended to stop human-rights abuses in Tigray, but there is little evidence that such measures affect the behavior of political elites. Instead, they limit options for low-skilled workers and damage bilateral relationships.

There was a lot of hope at the start of 2021: COVID-19 vaccines had just arrived, an end to the pandemic seemed on the horizon, and a fresh start for the global economy was ahead. By now, it feels like much of January’s optimism was as inflated as today’s prices. But in the spirit of starting the ne...

At first glance, it may seem as if the world will soon have more than enough COVID-19 vaccines. Manufacturers have produced approximately ten billion individual doses since states began approving inoculations in the middle of 2020.

Since the Taliban took power in Afghanistan, the US and its allies have watched and waited to see how the group would govern before deciding whether to recognize their leadership and lift financial sanctions. But as critical programs run out of funding and the threat of mass starvation looms, this a...