To say that Venezuela is in acute crisis would be an understatement. It is staring at a massive collapse that is getting harder to prevent by the day. The country’s economy is in a free-fall amid the financial and political commotion. In 2016, its GDP will contract 10% and inflation accelerate to around 700%. Its gold reserves are shrinking ...

  Joseph Bosco In its courageous and comprehensive decision on the South China Sea, the arbitration tribunal appointed by the Permanent Court of Arbitration has rendered an invaluable service to the region and the international community. It has established an international law overlay to China’s sweeping territorial and maritime claims and thereby provided important guidance for all six competing claimants. ...

  For the past 70 years, Japan has been a crucible of experimentation in economic policy. During its go-go years, Tokyo’s unusual practices to spur rapid growth became a model for much of the rest of Asia, while its unconventional attempts to revive its post-bubble economy have helped economists understand what should and could be done to recover from financial ...