In The News

China, less keen about the yuan becoming a global currency, abruptly applied a new limit for capital outflows. “China’s foreign-exchange regulator has instructed banks to sharply limit how much companies move out of the country and into their other operations around the world,” report James T. Areddy and Lingling Wei for the Wall Street Journal. “The recent moves effectively erode the yuan’s...

Donald Trump promised during the US presidential campaign to be tough on trade with China, suggesting he would label the country a currency manipulator and impose tariffs unless trade agreements were renegotiated. Trade is likewise threatened with China’s expansive claims and military buildup in the South China Sea. But the world’s two largest economies have reason to cooperate in Asia, argues...

In Latin America along with Europe and the United States, political parties that lean right are strengthening. Since the 1970s, social and political change is shown to be derived from cycles of “economic malaise,” writes Ernesto Talvi for the Brookings Institution. Corruption scandals combined with economic doldrums, as in the case of Brazil, have reduced popularity of left-leaning governments....