Foreign Affairs

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Putin's Lehman Moment

Author: Robert Kahn

Robert Kahn argues that the West should be ready to impose more robust economic sanctions against Russia, in order to deter it from further infiltrating or destabilizing Ukraine. Russia's economic complexity means sanctions would meaningfully reduce Russian wealth and growth, since Russian oligarchs and business leaders have significant financial stakes in the West.

See more in Russia and Central Asia; Sanctions

The Shape of Things to Come

Authors: Gideon Rose and Jonathan Tepperman

The idea that we live in an increasingly interconnected and turbulent world is something of a cliché -- yet true and important nevertheless.

See more in Global; Emerging Markets

Six Markets to Watch: South Korea

Author: Marcus Noland

South Korea's development over the last half century has been nothing short of spectacular. Fifty years ago, the country was poorer than Bolivia and Mozambique; today, it is richer than New Zealand and Spain, with a per capita income of almost $23,000.

See more in South Korea; Emerging Markets

Six Markets to Watch: Turkey

Author: Daniel Dombey

For much of last year, Turkey's economy seemed almost on top of the world. In May, as huge construction projects moved ahead, Ankara paid off its remaining debt to the International Monetary Fund, ending what seemed to many Turks a long history of humiliation.

See more in Turkey; Emerging Markets

The Unruled World

Author: Stewart Patrick

While campaigning for president in 2008, Barack Obama pledged to renovate the dilapidated multilateral edifice the United States had erected after World War II.

See more in United States; Global Governance

How China Is Ruled

Author: David M. Lampton

China had three revolutions in the twentieth century. The first was the 1911 collapse of the Qing dynasty, and with it, the country's traditional system of governance.

See more in China; Politics and Strategy

Running the Pentagon Right

Author: Ashton B. Carter

War inevitably presents unexpected challenges. From Germany's use of mustard gas during World War I to North Vietnam's surprisingly effective use of its air defense system during the Vietnam War, the United States has always faced unanticipated threats in combat that have required agile responses.

See more in United States; Defense and Security

NAFTA's Unfinished Business

Author: Michael Wilson

In 1992, when Canadian Prime Minister Brian Mulroney sat down with Mexican President Carlos Salinas and U.S. President George H. W. Bush to sign the North American Free Trade Agreement, free trade was still a matter of fierce national debate in Canadian politics.

See more in Canada; Trade

NAFTA's Mixed Record

Author: Jorge G. Castañeda

When the North American Free Trade Agreement was proposed, it set off a vigorous debate across the continent about its benefits and drawbacks.

See more in Mexico; Trade

Iceland's Saga

Author: Ólafur Ragnar Grímsson

By all rights, Iceland -- a remote Arctic island inhabited by just 320,000 people -- should be a forgotten backwater. And for most of its history, it was.

See more in Iceland; Economics

Let the People Go

Authors: Michael Clemens and Justin Sandefur

On May 29, 2013, British immigration officers raided the Alternative Tuck Shop, a café just down the road from Oxford University's economics department, where South Asian and Middle Eastern employees serve tea, scones, and sandwiches.

See more in United States; Migration