Few countries better illustrate the difficult trade-off between democratic principles and strategic necessity than Turkey. As the country’s geopolitical and economic importance grows, NATO allies are becoming increasingly willing to overlook President Recep Tayyip Erdoğan’s attacks on democratic institutions.
Innovation Jul 13, 2026 Ana Palacio AI governance must account for everything from the technology’s material requirements to its effects on communities, businesses, labor markets, the environment, and strategic competition. To this end, a framework of verification-based trust—broader than national regulation and…
Individuals may fail to recall and use information they already know when making decisions. We empirically investigate whether such “retrieval failures” distort consumption smoothing behavior among Zambian farmers, who derive their income from one annual harvest and then spend it down over the course of the year. We document that individuals underestimate upcoming spending by…
The original promise of development cooperation was to help countries overcome poverty, build productive economies, and reduce their dependence on external resources. That has not happened, and ongoing reviews of development cooperation, which focus on donor countries’ needs and priorities, are unlikely to change this. NAIROBI—In an increasingly unstable geopolitical environment, governments across the developed…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. June 22, 2026 Federal Reserve notes with deep sadness the passing of Alan Greenspan For release at 8:45 a.m. EDT The Federal Reserve notes with deep sadness the…
New leader doesn’t change perverse incentives of government beng Mon, 07/06/2026 – 11:08 EST. READ TIME 4 MIN. The Carney government has faced widespread backlash after announcing plans to partner with the British Columbia government to purchase 2,200 vacant condos with taxpayer dollars and convert them into “affordable” housing. The criticism is well earned. The…
Present Committee members: David Roberts, ChairAndrew Bailey, GovernorSarah Breeden, Deputy Governor – Financial StabilityClare Lombardelli, Deputy Governor – Monetary PolicySir Dave Ramsden, Deputy Governor – Markets & BankingSam Woods, Deputy Governor – Prudential RegulationJonathan BewesSabine ChalmersLord Jitesh GadhiaDame Anne GloverDiana NobleTom Shropshire In attendance: Sarah John, Chief Operating Officer Secretary: Sebastian Walsh, Secretary of the…
WASHINGTON, DC—The rapid rise of China, Russia’s invasion of Ukraine, and the US-Israeli war with Iran have made geopolitical rivalry the main force shaping the global economy. President Donald Trump’s reversal of long-established US policies has compounded that uncertainty, forcing governments and businesses alike to navigate an increasingly complex strategic landscape.