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Global economy

With new government hires, Turkey may be headed back to economic sanity

by Sabri Ben-Achour , Ariana Rosas and Jarrett Dang
Jun 9, 2023
Recently re-elected President Erdogan's appointments to top government positions may signal a return to normal economic policy.
President Recep Tayyip Erdogan acknowledges supporters at the presidential palace after winning reelection in a runoff on May 29, 2023 in Ankara, Turkey.
Chris McGrath/Getty Images
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How Argentina's economy crumbled

by Sabri Ben-Achour and Jarrett Dang
Jun 2, 2023
The nation’s economic crisis, marked by unhinged inflation, has been developing for at least a decade, says economist Monica de Bolle.
Argentina's inflation crisis has its roots in the country's history of economic mismanagement, economist Monica de Bolle says.
Ronaldo Schemidt/AFP via Getty Images
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After three turbulent years, supply chains are finally back to normal

by Henry Epp
May 17, 2023
Three years after the start of the pandemic, inventories are down and supply chains are less volatile.
Shipping containers are loaded onto ships in the Port of Los Angeles.
David McNew/Getty Images
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How companies commodify your recycled waste

by Kai Ryssdal and Maria Hollenhorst
May 3, 2023
We tour a materials recovery facility in California, where the stuff consumers toss into recycling bins is sorted.
Athens Services, a Southern California waste collection an recycling company, is just one part of a global system that recycles waste into new packaging and products.
Antoinette Brock/Marketplace
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Climate change is high on the agenda as the World Bank gets a new president

by Lily Jamali
May 2, 2023
The outgoing World Bank president has been accused of downplaying the risks of fossil fuels.
Former Mastercard CEO Ajay Banga, the U.S. nominee for the World Bank presidency, is expected to bring a new focus on climate change to the institution's programs.
Alex Wong/Getty Images
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Could the United States dollar be dethroned?

by Sabri Ben-Achour and Erika Soderstrom
Apr 26, 2023
Why some countries are moving away from U.S. bucks.
The U.S. dollar has been the dominant global currency for nearly a century. But some countries are now looking to diversify away from the greenback.
China Photos/Getty Images
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Will Britain’s new trade deal with the Pacific Rim make a success out of Brexit?

by Stephen Beard
Apr 20, 2023
Some say U.K. membership of the Trans-Pacific Partnership will make up for any trade lost with the European Union after Brexit. But others have their doubts.
Above, signatories of CPTPP in 2018. Combined, the countries included are slated to account for 54% of global economic growth in the decades ahead.
Claudio Reyes/AFP via Getty Images
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Oil tanker costs climb as Russia ties up system with longer routes

by Lily Jamali
Apr 13, 2023
The cost to ship fuel has more than doubled since February.
Sanctions forced Russia to sell more of its oil to countries like India and China, straining the availability of tanker ships.
Angelos Tzortzinis/AFP via Getty Images
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World Bank convenes amid a shaky global economic backdrop

by David Brancaccio , Alex Schroeder and Jarrett Dang
Apr 10, 2023
Chief David Malpass discusses the obstacles facing developing nations, including a scarcity of investment capital and loans from the rich world.
Outgoing World Bank President at an October news conference. He laments that "the investment rates into developing countries has turned downward."
Anna Moneymaker/Getty Images
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What Argentina’s inflation crisis says about trust in economic institutions

by Reema Khrais and Richard Cunningham
Apr 4, 2023
"It really is important to remember that confidence and trust really underpin our financial system," says Emily Stewart of Vox.
"You have to be pretty savvy to survive in the economy [in Argentina], because your money obviously is constantly losing value," says Vox's Emily Stewart.
Juan Mabromata/AFP via Getty Images
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