Plus, the credit ratings problem facing the Democratic Republic of Congo and an update on where the Russia-Ukraine war stands.
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The Brookings Brief

May 13, 2023

Turkish Opposition Campaign Rally In Istanbul, Turkey

If Erdogan is defeated, the West must help Turkey succeed

 

“An opposition win on May 14 could be a game changer, both for Turkey and the West. It would represent a triumph of democracy and a blow against entrenched authoritarianism. But it would also provide a meaningful opportunity for the West to start restructuring its supply chains away from China and toward friendly countries. It’s an opportunity that must not be missed,” argues Aslı Aydıntaşbaş. 

 
Read in The Washington Post

Upgrade of DRC’S sovereign credit rating—One step forward, after one step back

 

Access to foreign financing at a reasonable cost is critical for the Democratic Republic of Congo’s (DRC) social and economic development. But like many other African countries, the DRC is caught in a low credit ratings trap. Zuzana Brixiova Schwidrowski and Aloysius Uche Ordu shed light on the problem and outline strategies to improve the DRC’s credit rating.

 

Read more

Listen: What is the evidence for deglobalization?

 

On the latest episode of the Brookings Podcast on Economic Activity, Pinelopi K. Goldberg, Tristan Reed, and Gian Maria Milesi-Ferretti discuss the slowing of globalization since 2015 and what the outlook may be for the world’s economy. 

 

Listen to the podcast

 

What’s happening in the Russia-Ukraine war

 

This week, Fiona Hill sat down with the Financial Times and Zeit Online to talk about the state of the war in Ukraine, the role of U.S. allies and partners in the conflict, Russian President Vladimir Putin’s strategy and mindset, and more. 

 

For data on the war’s security, economic, and political effects, explore our Ukraine Index.

 
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