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    IMF Package to Ukraine Should Include Real Economic Reforms

    International Monetary Fund (IMF) officials beat the U.S. to the punch this week, arriving to discuss economic aid to Ukraine one day earlier than U.S. Secretary of State John Kerry. While Kerry promised $1 billion in loan guarantees from the U.S., the IMF is working on a $15 billion loan … More

    Success of Tunisia Matters to America

    On February 7, Tunisia, the birthplace of the “Arab Spring,” celebrated the adoption of a new constitution that has been hailed as one of the most progressive in the Middle East and North Africa region. Tunisia’s remarkable political turnaround, epitomized by the almost unanimous ratification of the constitution and the … More

    Amid Woes, Emerging Markets Need More Economic Freedom

    Global markets are huffing and puffing and trying to blow the BRICs down. Some of the BRICs—Brazil, India, and China in particular, along with other emerging markets such as Turkey—are feeling the pinch as their economies weaken and currencies slide. This week, central bankers from Turkey and Brazil are considering … More

    China Makes Life More Difficult for Foreign Companies

    It is widely hoped—in the U.S., China, and elsewhere—that the new Chinese government headed by Xi Jinping and Li Keqiang will restart economic reform. While the answer is still unclear, circumstantial evidence is piling up, and it isn’t good. Beijing is treating foreign companies very poorly, contributing to a poor … More

    Expiration of Trade Preference Program Means Higher Prices

    On July 31, the Generalized System of Preferences (GSP) expired. GSP is a program that waives tariffs on thousands of products that Americans import from developing countries. In 2012, the program reduced tariffs by $742 million. As House Ways and Means chairman Dave Camp (R–MI) observed, “GSP provides important benefits … More

    Dealing the Right Cards in Japan's Upper-House Shuffle

    On Sunday, Prime Minister Shinzo Abe’s Liberal Democratic Party (LDP) took majority power in Japan’s upper house, giving his party majority control over both upper and lower houses. This presents an opportunity for the LDP to make the difficult changes necessary to turn its economy around and make it a … More

    Egypt: An Arab Spring “Re-Do”

    In a new Backgrounder, “Egypt: A Way Forward After a Step Back,” Heritage experts suggest four steps the U.S. should take to address the crisis in Egypt: Press Egypt’s army to hold elections and step aside as soon as possible, Put tight strings on any U.S. aid, Recalibrate U.S. aid … More

    Egypt Protests: One Reason for the Unrest

    Although millions have marched again in the streets of Cairo in recent days, it is still uncertain whether the revived demonstrations will deliver much-needed economic and political reforms that the people have demanded. Yet the struggles in Egypt clearly highlight an important truth: Economic freedom matters. A stagnant domestic economy … More

    Pope Francis I and Latin America

    Yesterday, in Rome, the world watched as white smoke rose from the Sistine Chapel and the new pope was named. Many watched this most recent papal conclave with great intrigue after Pope Benedict XVI became the first pope to abdicate in nearly 600 years. Now with the selection of Argentine … More

    China’s NPC: Don’t Jump the Gun on News of Economic Reform

    The annual meetings of China’s National People’s Congress (NPC) start March 5. This year is more important than most: The new Communist Party leadership introduced at last fall’s Party Congress receive their government positions. We all know the top slot (president), and we are all but certain of the #2 … More