Digital Currencies: Transforming Global Markets

This policy brief analyzes the first 100 days in office of Chancellor Friedrich Merz, which have been marked by an assertive foreign policy, ambitious security reforms, and a shift toward economic pragmatism. Merz has sought to reestablish Germany as a ‘leading middle power’, emphasizing closer European coordination, renewed transatlantic engagement, and unwavering support for Ukraine. However, his approach to the Gaza conflict, characterized by alignment with U.S. positions and rel ...

Estimates based on last year’s U.S. imports, by Maia G. Crook (from JPMorgan) indicate that the average effective U.S. tariff rate is currently 16%, and is expected to rise to 20% by the end of 2025. This represents an increase from 13% mid-year and 2.3% in 2024 (Figure 1). Effective tariff rates are a measure of the degree of protection a tariff structure offers to the value added provided by each sector to a country’s final product, taking into account both the tax on final g ...

This Opinion was originally published in Project Syndicate However politically convenient narratives about the United States "abandoning" manufacturing may be, the reality is more complex and less gloomy than many assume. In fact, US manufacturing has not disappeared, but it did internationalize as American companies pursued higher-value opportunities at home. ...

This paper argues that the Middle East has become the crucible of twenty-first-century imperial politics, exposing the collapse of legal universality and the resurgence of coercive empire. Through the archetypes of Hammurabi and Nebuchadnezzar, it analyzes how states invoke law rhetorically while practicing domination through siege, spectacle, and exclusion.The United States, China, Türkiye, Israel, Iran, the European Union, and the Gulf monarchies all oscillate between Hammurabian ...

After 1994, everything was a priority, and our people were completely broken. But we made three fundamental choices that guide us to this day. One—we chose to stay together. Two—we chose to be accountable to ourselves. Three—we chose to think big. — His Excellency President Paul Kagame, 20th Commemoration of the Genocide against the Tutsi (April 7, 2014) Rwanda’s socio-economic progress since 1994 has been remarkable. Rwanda is rightly considered a showcase of the enduring ...

L’Initiative Atlantique, annoncée par le Roi Mohammed VI en novembre 2023, visant à offrir aux pays sahéliens enclavés un accès à l’océan Atlantique via le territoire marocain, promet de redessiner en profondeur la relation bilatérale entre Rabat et Nouakchott. Cet article examine comment ce projet inédit crée de nouvelles opportunités stratégiques tout en soulevant des défis partagés pour le Maroc et la Mauritanie. Sur le plan diplomatique, le rapprochement autour de l’Initiative A ...

La parution de la dernière édition (la 74ème) de la Statistical Review of World Energy (SRWE, 2025) est une bonne occasion de faire le point sur certaines grandes tendances du monde de l’énergie. Dans cette note, nous nous centrerons sur le continent africain. Tous les chiffres ci-dessous sont extraits de ce document et portent sur l’année 2024, sauf indication contraire. Les chiffres de la SRWE portent sur les énergies qui font l’objet d’échanges commerciaux, ce qui inclut les éner ...