Climate Tipping Points: What They Are, Why They Matter, and How Close We Are
Climate tipping points are thresholds beyond which Earth systems undergo rapid, irreversible change. Scientists have identified at least 16…
Liam Chen
World
International affairs, diplomacy, conflict and the forces shaping the global order.
89 stories
Advertisement
What Is a Developing Country?
A developing country is one with a lower level of economic development and living standards relative to wealthier nations. Here is how the…
Liam Chen
What Is the World Bank?
The World Bank is an international institution that lends money and expertise to developing countries to reduce poverty. Here is what it…
Liam Chen
Recession vs Depression: What's the Difference?
A recession is a significant, broad decline in economic activity; a depression is a far deeper and longer one. Here is how economists tell…
Liam Chen
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
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
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
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
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