By Jeffrey Frankel Published: October 26, 2026 Cambridge, Massachusetts Introduction and Main Facts At the European Central Bank’s (ECB) prestigious annual research conference held last month, Nobel laureate economist Paul Krugman delivered a provocative keynote address centered on the escalating phenomenon of "geoeconomics." Defining the term as the strategic exploitation…
By Global Affairs Desk Published: October 26, 2026 Main Facts For years, the cornerstone of Donald Trump’s regional foreign policy relied on a calculated retreat from traditional multilateral alliances, pivoting instead toward the consolidation of a Western Hemisphere stronghold. While Washington’s broader international interventions often faced steep diplomatic resistance and…
NEW DELHI—The modern era has been forged in the crucible of relentless global shocks. Over the past two decades, humanity has careened from one systemic disruption to another: the protracted and destabilizing wars in Iraq throughout the 2000s, the catastrophic 2008 global financial meltdown, a once-in-a-century pandemic that upended supply…
OXFORD — Eighty years after the architecture of modern international law was forged from the ashes of the Second World War, the global human rights regime faces an existential crisis of legitimacy. Across established democracies, a rising nationalist-populist tide has cast foundational human rights treaties not as shields for the…
By Stephen S. Roach Published: September 30, 2026 Location: New Haven, Connecticut Introduction: The Illusion of Progress While expectations for the high-stakes summit between US President Donald Trump and Chinese President Xi Jinping were exceptionally low heading into the meeting, the reality of the encounter still managed to disappoint. Rather…
SAN FRANCISCO — For decades, the foundational narrative of modern finance was built on a singular, frictionless premise: globalization. The conventional wisdom dictated that capital markets would inevitably march toward greater integration. Borders would blur, transaction costs would plummet toward zero, technology would democratize access, and a unified global financial…
CAMBRIDGE — For the better part of a decade, the diagnosis of America’s democratic distress has enjoyed a seemingly airtight consensus among populists, progressives, and policy wonks alike: the system is broken because the economy is rigged. According to this reigning paradigm, the root cause of the nation’s profound political…
