International

Global inequality—both between countries and within them—has been shaped by a complex mix of economic, technological, political and environmental forces over the past four decades. Some trends reduced differences across countries, notably rapid growth in China and parts of Asia; others sharply widened income and wealth gaps inside most advanced and many emerging economies. Understanding the drivers helps explain why wealth and income cluster in the hands of a few while large populations remain vulnerable.Core economic driversStrong returns to capital relative to growth The dynamic highlighted by Thomas Piketty—that returns on capital can outpace economic growth—remains central. When asset returns…

Inflation does not originate only from domestic demand or wage pressures. Open economies routinely absorb price pressures originating overseas. Imported inflation occurs when increases in the prices of goods and services from other countries, or shifts in exchange rates and global supply conditions, transmit into domestic prices. Understanding the channels, conditions, and policy implications helps businesses, policymakers, and households manage exposure and respond effectively.Primary pathways of imported inflationExchange rate pass-through: When the domestic currency weakens, the local price of imported goods rises. Retailers, producers, and service providers sourcing inputs from abroad often pass higher import costs to consumers, raising headline…

The public discourse equates energy storage with lithium-ion batteries, and for good reason: batteries have enabled rapid advances in grid flexibility, electric vehicles, and distributed energy systems. Yet a comprehensive energy transition requires a broad portfolio of storage technologies. Different storage forms deliver varied durations, scales, costs, environmental footprints, and grid services. Treating storage as a single-technology problem risks technical mismatches, economic inefficiencies, and missed opportunities for resilience.The key capabilities that storage should offerEnergy storage serves more than one purpose. Systems are evaluated based on:Duration: spanning milliseconds to seconds for frequency regulation, minutes to hours for peak shifting, and days…

Global interest rates set by major central banks and reflected in international bond yields shape the cost of money worldwide. That transmission matters for everyday prices—mortgages, rents, food, energy, and consumer credit—even when domestic central banks set local policy. This article explains the transmission channels, gives concrete examples and numbers, and outlines how households, firms, and policymakers experience and respond to global rate changes.Key transmission channelsGlobal interest rates influence local living costs through several linked channels:Exchange rates and import prices: When global interest rates climb, especially in major reserve currencies, capital tends to flow toward those currencies. This shift can…

Peace processes must navigate a central tension: stabilizing a post-conflict environment quickly enough to prevent renewed violence, while ensuring sufficient accountability to address grievances, deter future abuses, and deliver justice to victims. Balancing these aims requires a mix of political negotiation, security guarantees, judicial and non-judicial mechanisms, and long-term institutional reform. This article explains the trade-offs, surveys mechanisms, examines prominent cases, summarizes empirical lessons, and offers practical design principles for durable settlements that do not sacrifice justice for short-term calm.Central tension: the pull between stability and accountabilityStability requires swiftly lowering levels of violence, bringing armed groups back into society, ensuring…

A high-level leadership transition within Israel’s intelligence community is unfolding amid ongoing tensions with Iran. Early expectations about the conflict’s outcome have not materialized, raising questions about strategy, decision-making, and the future direction of regional security policies.A significant transition is underway within Israel’s intelligence apparatus at a time when the country remains deeply engaged in a prolonged and complex confrontation with Iran. At the center of this shift is the upcoming appointment of Roman Gofman as the new head of Mossad, Israel’s foreign intelligence agency. His arrival comes after weeks of continued hostilities that have not delivered the swift political…

Accurate tracking of emissions forms the backbone of sound climate policy, corporate climate planning, and informed investor choices. When emissions are misreported, overlooked, or counted more than once, the issue goes far beyond a technical mistake: it distorts incentives, slows mitigation efforts, misallocates financial resources, and weakens public confidence. Below I describe why flawed accounting has such consequences, provide specific examples and data, and propose workable solutions.What good emissions accounting is supposed to doGood accounting should consistently capture greenhouse gas (GHG) sources and sinks, assign roles across stakeholders and actions, monitor advancement toward established goals, and support claims that can…

Debt is a powerful fiscal constraint. When countries, institutions, or households carry heavy debt burdens, their ability to mobilize resources quickly and effectively to respond to pandemics, climate disasters, refugee flows, or financial shocks is sharply reduced. Debt operates through multiple channels — reducing fiscal space, raising borrowing costs, forcing austerity through conditionality, and creating coordination failures among creditors — and these effects compound during crises, turning local distress into prolonged global vulnerability.How debt constrains crisis response: the mechanismsLoss of fiscal space: Heavy debt service commitments, including interest and principal, siphon government income away from urgent health needs, social programs,…

Sustainability has shifted from a niche concern to a mainstream priority, prompting real corporate change alongside marketing tactics that portray routine operations as eco‑friendly. Telling the difference between meaningful sustainability efforts and superficial “green marketing,” often referred to as greenwashing, is crucial for consumers, investors, procurement teams, and regulators. This article offers practical benchmarks, illustrative cases, data‑based verification methods, and clear steps to help identify which claims are credible and which are merely promotional.How genuine green marketing differs from greenwashingGreen marketing refers to any message that implies an environmental advantage, while greenwashing arises when such messages distort or exaggerate the…

Vulnerable countries—those with limited capacity to absorb climate shocks, high exposure to sea-level rise, drought, floods or heat, and constrained fiscal space—require large and sustained financing to adapt and to transition to low-carbon development. Financing for climate action in these settings comes from multiple streams, each designed to address different risks, timelines and types of projects. Below is a practical map of how that financing is structured, who provides it, the instruments used, common barriers, and examples of successful approaches.The importance of financing and the key aspects it should encompassClimate finance in vulnerable countries must address both adaptation, which safeguards…