What Is the World Trade Organization?
The World Trade Organization sets the rules for global trade and settles disputes between countries. Here is what the WTO does, the…
Liam Chen
402 reading now
World
International affairs, diplomacy, conflict and the forces shaping the global order.
400 stories
Central Bank Digital Currencies (CBDCs) Explained
A central bank digital currency is digital money issued by a country's central bank, the electronic equivalent of cash. Here is how a CBDC…
Liam Chen
364 reading now
What Is a Currency Peg?
A currency peg ties one country's exchange rate to another currency to keep it stable. Here is how pegs work, why governments use them, and…
Liam Chen
432 reading now
What Is a Single Market?
A single market treats several countries as one territory for trade, letting goods, services, capital and people move freely under common…
Liam Chen
425 reading now
Purchasing Power Parity Explained
Purchasing power parity adjusts for the fact that money buys more in some countries than others. Here is what PPP means, how the Big Mac…
Liam Chen
433 reading now
What Is a Tax Haven?
A tax haven is a jurisdiction that offers very low taxes and high secrecy to attract money from elsewhere. Here is how tax havens work, the…
Liam Chen
427 reading now
How Country Credit Ratings Work
A sovereign credit rating is a verdict on how likely a government is to repay its debt. Here is what the letter grades mean, who issues…
Liam Chen
397 reading now
Foreign Direct Investment (FDI) Explained
Foreign direct investment is when a company or individual based in one country takes a lasting ownership stake in a business in another…
Liam Chen
441 reading now
What Is a Credit Crunch?
A credit crunch is a sudden, severe tightening of lending across the economy. Here is what causes one, how it spreads, and what governments…
Marcus Vale
387 reading now