By Jeffrey Frankel July 20, 2026 Fifty-two years have passed since the Carnation Revolution dismantled the Estado Novo—the longest-running authoritarian regime in Western Europe. Today, Portugal stands as a testament to the transformative power of democratic integration, functioning as a stable anchor within the European Union and the eurozone. Yet,…
By Luis Carlos Reyes July 20, 2026 In the corridors of power in Bogotá, a quiet but profound crisis of legitimacy is unfolding. Colombia, a nation long defined by its struggle to reconcile deep-seated social inequality with the rigid structures of an entrenched political establishment, finds itself at a defining…
By Courtney C. Radsch July 20, 2026 For too long, the digital architecture of our modern world has been built upon a foundation of exploitation. Governments have stood by, largely passive, as tech giants pioneered business models predicated on the relentless commercial harvesting of personal data—a system that incentivizes psychological…
By Iryna Volnytska July 16, 2026 The halls of academia, once considered the inviolable bastions of intellectual authority, are currently reverberating with the sound of a closing trap. Much like the French aristocracy on the eve of the 1789 Revolution, who viewed their titles as divinely ordained and immutable, today’s…
For over half a century, the blueprint for economic development was clear: transition labor from subsistence agriculture to manufacturing, harness economies of scale, and climb the global value chain through exports. From the seminal works of W. Arthur Lewis and Raúl Prebisch to the structuralist models of Nicholas Kaldor, the…
By Şebnem Kalemli-Özcan July 16, 2026 The global financial architecture, long anchored by the hegemony of the United States dollar, is undergoing a profound structural metamorphosis. As geopolitical tensions rise and the specter of "de-globalization" shifts from theoretical discourse to tangible policy, policymakers and market participants alike have begun to…
By Harold James July 17, 2026 The history of modern democracy is often written as a steady progression toward stability, yet the lived experience of voters suggests a more cyclical, turbulent reality. Nowhere is this more apparent than in France, a nation that has spent the last two centuries swinging…
