After decades of serving as the backbone of a rules-based global order, the United States, under President Donald Trump, is touting an “America First” agenda that extols narrow economic nationalism and distrust of international institutions and agreements. But a new type of international cooperation may be emerging – one that works around Trump
The United Kingdom is accelerating the rollout of a social security scheme only Ebenezer Scrooge could love. The “universal credit” program replaces six different welfare benefits – such as the child tax credit and the housing benefit – with one. The goal is to incentivize employment, and to create an online system that is easier to use.
The United Kingdom’s withdrawal from the European Union no doubt carries many risks. But, if British politicians and business leaders are right, it also creates an important opportunity: the possibility of building a safer, greener, more efficient, and more innovative farming sector. If the UK manages to seize this opportunity, the EU, the United States, and other economies with highly protected agricultural sectors might follow suit
As Prime Minister Theresa May seeks to form a new government, following an election in which her Conservative Party lost its parliamentary majority, she knows that, within days, she will also need to get down to the nitty-gritty of negotiating Britain’s exit from the European Union
As the world’s financial leaders gather for the International Monetary Fund and World Bank spring meetings, many working people around the world are demanding radical change, because they sense that their voices are not being heard. Those who are supposed to represent them should not ignore this anger and frustration any longer
Democratic governments in the West are increasingly losing their bearings. From the shift toward illiberalism in Poland and Hungary to the Brexit vote in the United Kingdom and Donald Trump’s victory in the United States’ presidential election, a particularly lethal strain of populism is infecting societies – and it is spreading
The past three weeks have given the world a stunning role reversal in global governance. The United States, the world’s long-time leader in forging international cooperation, has begun to express a unilateralist creed, striking fear into the hearts of many countries worldwide. And China, long reticent about multilateralism, has committed to upholding – even leading – international cooperation