Corruption is a massive tax on the private sector and impedes broad-based economic growth. Sixty-seven out of 144 economies identified corruption as one of the top three challenges to conducting business in their country, according to the World Economic Forum.
Q1: What is trade promotion authority (TPA)?
In a few weeks, the U.S. vessel Cape Ray will set sail for the Mediterranean. This 648-foot long ship will be engaged in serious business once it reaches its destination: destroying some 700 tons of Syrian chemical weapons.
Q1: What's happening now?
With 2013 coming to a close and the new year beginning, it seems appropriate to ask what the past year has meant for Latin America—and what the region can expect in 2014.
On December 27, 2013, three people died when a car bomb exploded in the Russian city of Pyatigorsk. A homemade, vehicle-borne explosive device detonated with such force that it tore the car apart and killed three passersby.
On December 9, Uruguay became the first country in the world to legalize cannabis—commonly known as marijuana—by establishing a system that will create and implement rules for licensing the production, distribution, and sale of the drug to Uruguayan citizens over the age of 18.
Secretary of State John Kerry flew from the Middle East to Southeast Asia this week for visits to Vietnam on December 14-16 and the Philippines on December 17-18. The trip was the latest effort to repair the damage from President Barack Obama’s cancelled trip to the region in October, due to the partial government shutdown in Washington.
President Ilham Aliyev of Azerbaijan and a number of Western leaders witnessed December 17 in Baku the signing of documents for the final investment decision (FID) on the Shah Deniz phase II development. Shah Deniz gas exports from Azerbaijan will bring new volumes of natural gas to Europe.
Fighting has broken out in South Sudan between rival factions of the country’s armed forces, the Sudan People’s Liberation Army (SPLA). According to some reports, heavy machine guns and mortars were used during the violence, which began in the early hours of December 16 in the capital, Juba.
On December 12, North Korea’s official state news agency, Korean Central News Agency (KCNA), announced that Jang Song Thaek, uncle of North Korean leader Kim Jung-un, was executed shortly after a special military trial. The announcement came only four days after Jang Song Thaek had been removed from all his positions.