What the UN vote tells us about international sentiments and Israeli diplomacy
The Dec. 30 vote at the United Nations General Assembly (UNGA) regarding Israel reflected once again that the international community does not generally accept the Israeli narrative regarding the Palestinian issue. It also highlights that the Palestinian issue, while not a top priority on the global agenda, is still one of concern around the world.
Iran and cryptocurrency: Opportunities and obstacles for the regime
While cryptocurrency may offer Iran the opportunity to bypass sanctions and boost trade, it is by no means a panacea for such outcomes and comes with a host of obstacles, such as price volatility, economic uncertainty, energy consumption, and evolving regulation.
What role will China play in Ukraine’s post-war transformation?
Cost estimates for Ukraine’s post-war reconstruction already exceed many hundreds of billions of dollars. Given the Western world’s slowing economic prospects, Ukrainian elites admit that China looks increasingly likely to have a role in helping finance and rebuild Ukrainian infrastructure. But Chinese involvement comes with economic and security risks.
What the United Nations’ 6th Climate Assessment tells us about the Mediterranean’s climate future
The latest U.N. IPCC report details the alarming changes that Mediterranean countries will experience in the coming decades due to climate change, highlighting three critical areas — warming and droughts, declining ecosystems, as well as socioeconomic and public health risks.
Morocco and Israel: Economic Opportunities, Military Incentives, and Moral Hazards
The December 2020 Moroccan-Israeli normalization deal has evolved from a vehicle enabling Morocco to gain long-sought U.S. recognition of its claims on Western Sahara to a broader strategic partnership with Israel. But the relationship further strains relations with neighboring rival Algeria.
The Israeli election results are not a seismic shift — it’s worse than that
Over the years, recognition of clear, long-term, and structural developments in how the Jewish Israeli electorate votes has been neglected, glossed over, or lost behind reactions to electoral cycles. And the pro/anti-Netanyahu paradigm — which routinely serves as a crude substitute for “right” versus “left” — has helped delay a reckoning and a fork in the road for a host of constituencies.
The victory of Israel’s extreme right: Implications for citizens’ rights and Israeli-US relations
Since winning the Israeli elections on Nov. 1, Benjamin Netanyahu leads a bloc that is ideologically homogeneous in ways never before seen, with a majority of religious nationalists and ultra-Orthodox parties set to enter government and likely to work cohesively for the next four years, unlike in the past.
In Turkish-Russian relations, the Ukraine grain deal is not the point
The Ukraine grain export deal, which Turkey helped mediate over the summer, was saved last week to much fanfare; but the central unaddressed issue remains lifting Russia’s illegal blockade of Ukrainian ports, so Ukraine can freely trade with the world.
As liquidity problems worsen, Turkey turns to capital controls and informal FX flows
The Turkish economy’s foreign exchange liquidity problem is getting worse. The current account balance has been in the red this year with a monthly deficit of around $5 billion. The government has so far managed to avoid a repeat of the December 2021 currency shock by restricting capital mobility, further tightening regulations in October 2022.
Israel’s election produces a clear winner — and a lurch further to the right
On Nov. 1, Israel’s democracy was shaken, perhaps as never before. It is not so much that former Prime Minister Benjamin Netanyahu has been returned to power, but that if he does become prime minister again, as seems overwhelmingly likely, it will undoubtedly be with crucial support provided by the “Religious Zionism” party, which includes “Jewish Power,” the vehicle of the veteran neo-Kahanist Itamar Ben-Gvir.
