The old wise-man consensus about the inefficacy of economic sanctions is truly old. Turns out they often work pretty well these days.

Nothing short of a miracle will prevent a sharp economic decline in Russia in the coming year, but don’t expect Putin’s popularity to take a big hit because of it.

The West’s Russia strategy should focus on stopping it softly, not on humiliating it.

Kiev has de facto lost control over Crimea and parts of its east. The way forward is not to fight to get them back by force, however, but to win them back by demonstrating that a pro-EU orientation brings with it prosperity. The West must help make this a reality.

The first step in the global fight against corruption should be to cut the flow of illicit funds into developed countries—not to fight corruption in the third world, but to contain it there.

Corruption, one of the most pernicious threats to global security and prosperity, thrives because it hides in plain sight. A provocative new book by Laurence Cockcroft helps us get around the thorny question of how to define it.

Russia and America are natural allies in the north Pacific.

The main threats to democracy lie within liberal societies themselves.