The World Bank Must Defend “Doing Business” Report
EPA/Newscom Jim Yong Kim, president of the World Bank, faces perhaps the most critical decision in his presidency so far. He must defend the Bank’s annual “Doing Business” report from attacks by China...
View ArticleExpelling Russia from the G8: Weak Symbolism and Absurdist Theater
Alexandra Mudrats/ZUMA Press/Newscom Canadian Prime Minister Stephen Harper has joined U.S. Secretary of State John Kerry in calling for consideration of expelling Russia from the G8, the group of the...
View ArticleHolding Aid for Ukraine Hostage
Photo credit: EPA/YURI KOCHETKOV In one of this year’s more cynical foreign policy moves, the Obama Administration is holding aid for Ukraine hostage to its longstanding goal of reducing U.S. influence...
View ArticleThe Big Step Ukraine Must Take
The reforms demanded by the International Monetary Fund and European Union provide the best chance for Ukraine to overcome the legacy of socialism and corruption that have left its people impoverished...
View ArticleHow India Can Unleash Its Economic Potential
“The hope for India lies not in the exceptional Tatas or similar giants, but precisely in the hole-in-the-wall firms, in the small- and medium-size enterprises, in Ludhiana, not Jamshedpur; in the...
View ArticleDon’t Use Trade Promotion Authority to Weaken the Dollar
Currency manipulation is one of the biggest issues in the congressional fight over Trade Promotion Authority. Previous versions of Trade Promotion Authority have included the reduction of currency...
View ArticleWhy Give Obama Authority to Negotiate ‘Most Progressive Trade Agreement’ in...
The recent defeat of Congressional efforts to pass a package of trade legislation including Trade Promotion Authority (TPA) and Trade Adjustment Assistance (TAA) provides a great opportunity to rethink...
View ArticleWhat’s Wrong With the UN’s New 169 Goals
The United Nations is quite proud of its Millennium Development Goals—the criteria it uses to measure the success of economic development programs. In a 2013 report, U.N. Secretary General Ban Ki-moon...
View ArticleThree Things Americans Should Know About the Stock Market Turmoil
It’s too early to know if the stock market drop is just one of the periodic corrections by which the market reallocates capital to more profitable uses, or the start of a more dramatic contraction...
View ArticleHow Fossil Fuels Will Help Us Confront Climate Change
The debate over climate change policy pits two competing visions of the future against each other. On the one hand are the “true believers,” who see in global warming an existential threat to humanity....
View ArticleIn Reviewing Trade Deal, US and South Korean Leaders Must Preserve Critical...
March 15 marks the sixth anniversary of the Korea-U.S. Free Trade Agreement. The United States and South Korea have been close economic partners for decades. Since March 2012, however, this free trade...
View ArticleState Department Needs Mike Pompeo
The president’s decision to nominate CIA Director Mike Pompeo as the next secretary of state is wise and timely. Pompeo grasps the complex nuances of the national security challenges America faces...
View ArticleThe Diplomat Who Took US-Swiss Relations to New Heights
Faith Ryan Whittlesey, a top aide to President Ronald Reagan and a two-time ambassador to Switzerland, died May 21 at age 79. As Heritage Foundation President Kay Coles James reminded us, Whittlesey...
View ArticleAdvancing Economic Freedom: A Core Mission for World Bank’s Next Chief
David Malpass, President Donald Trump’s nominee to be the next president of the World Bank, made a reassuring case for himself in a recent commentary in Financial Times. “The World Bank has the...
View ArticleNew Index Finds Rising Tide of Economic Freedom
Governments around the world are responding to the coronavirus epidemic with a variety of measures that have the potential to curtail economic activity. It’s vital that such actions be temporary and...
View ArticleLatest UN Report Forecasts Grave Economic Consequences From COVID-19 Shutdowns
The latest report from the U.N. agency that monitors worldwide trade and investment predicts a global decline in foreign direct investment of 30%-40% during 2020-2021. While earlier concerns had...
View ArticleCOVID-19 Underscores Need to Preserve Economic Freedom in a Crisis
The Heritage Foundation’s newly released 2020 Index of Economic Freedom provides plenty of evidence of the value of economic freedom. People in freer societies live longer, have much higher levels of...
View ArticleDon’t Let COVID-19 Undermine Ireland’s Hard-Won Economic Freedom
Ireland retained its position as one of only six truly economically free countries in the world in The Heritage Foundation’s 2020 Index of Economic Freedom. The index was released on March...
View ArticleSweden’s Unique Approach to Battling COVID-19 Is Preserving Economic Freedom
In stark contrast to most other developed countries dealing with the coronavirus, Sweden has adopted what are perhaps the least restrictive “social distancing” rules in the world, permitting most...
View ArticleTrump’s New China Strategy Is a Deft Brand of Hard-Nosed Realism
In compliance with the 2019 National Defense Authorization Act, the Trump administration last week released the United States Strategic Approach to the People’s Republic of China. It’s an excellent...
View ArticleAfter COVID-19, Only US Can Lead Way on Economic Recovery
The world never stops turning. Troubled times at home or not, the need for American leadership never lessens. Although the meeting of the Group of Seven leaders has been postponed, Washington should...
View ArticleAmerican Leadership on Economic Freedom Needed Now More Than Ever
In its release of recommendations on how to spur the fastest and most complete rebound from the coronavirus pandemic, The Heritage Foundation’s National Coronavirus Recovery Commission emphasized the...
View ArticleSecretary Mike Pompeo’s Ringing Call to Secure Human Rights and Liberty
In a recent speech to the senate of the Czech Republic, Secretary of State Mike Pompeo highlighted the importance of human rights and liberty to world order: Today you should know that after three...
View ArticleWith New Zealand’s New Lockdown, Auckland Trapped in COVID-19 Nightmare
A coronavirus outbreak of 29 cases as of Friday connected to one New Zealand family in South Auckland is all it took for Prime Minister Jacinda Ardern to order a new lockdown of New Zealand’s most...
View ArticleInternal Review Useful for Upholding Standards of World Bank’s ‘Doing...
The World Bank recently announced that production of “Doing Business,” one of the bank’s signature annual publications, would be “paused” amid concerns about the integrity and impartiality of data...
View ArticleSouth Korea’s Strong Alliance With US Built on Solid Economic Foundation
Half a decade ago in Seoul, then-Deputy Secretary of State Antony Blinken highlighted the importance of the U.S.-South Korea alliance by noting: South Korea is a nation that has faced down war,...
View Article2 Major Reports Conclude Excessive Government Spending Threatens American...
Last week, two important reports were released, shining a light on one of the major challenges facing America—excessive government spending that is causing the poor and declining fiscal health of the...
View ArticleBuilding an Even Better US-Swiss Relationship
Following the NATO summit, President Joe Biden will continue his European trip with a visit to Geneva, where he will meet Russian President Vladimir Putin, but also hold bilateral talks with his Swiss...
View ArticleReform-Minded Uzbekistan Becoming Strategic US Partner in Central Asia
Leaders and governments in Central Asia, particularly Uzbekistan, have opened the doors for more significant interaction with Washington, signaling a serious desire for elevated bilateral engagements...
View ArticleWorld Must Not Finance Taliban’s Drive for Greater Power and Influence
Following the Taliban’s takeover of Afghanistan last weekend, the International Monetary Fund made it clear that Afghanistan will not be able to access the IMF’s financial resources, at least in the...
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