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Articles on international economics

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A marijuana trafficker practicing his aim in the Guajira, epicenter of Colombia’s first drug boom, in 1979. Romano Cagnoni/Getty Images

Marijuana fueled Colombian drug trade before cocaine was king

Step aside, Pablo Escobar. New research shows it was poor farmers who helped turn Colombia into the world's largest drug producer when they started growing and exporting pot in the 1970s.
The U.S. won’t be able to walk all over Putin with unilateral sanctions. Reuters/Sergei Karpukhin

New sanctions on Russia and Iran are unlikely to work. Here’s why

American policymakers and lawmakers are floating unilateral sanctions against Russia, Iran and even Turkey in an effort to change behavior. But research shows sanctions only work in narrow circumstances.

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