The G20 emerged from the 1997 Asian financial crisis as a forum for managing the global economy

The 1997 Asian financial crisis tested the limits of the rules-based order's financial architecture

When a currency crisis hit Thailand, Indonesia, and South Korea, the IMF allocated $118B in emergency loans. However, the attached conditions were widely criticized for worsening the economic downturn and increasing distrust of Western-led institutions across the Global South.

The Bretton Woods conference in 1944 created the foundations of the modern global economy

In July 1944, 44 nations gathered in Bretton Woods, New Hampshire, to create a new postwar economic order. The conference led to the creation of the IMF and the International Bank for Reconstruction and Development—now known as the World Bank.

The IMF was created to prevent the currency crises that destabilized the 1930s global economy

Founded in 1945, the IMF monitors exchange rates, promotes financial stability, and provides emergency funding to countries that cannot pay for their imports. It currently has 191 member countries and acts as a lender of last resort for struggling economies.

The GATT and its successor, the WTO, were established to lower trade barriers

Signed in 1947, the General Agreement on Tariffs and Trade began systematically reducing tariffs and trade barriers among member nations. In 1995, it was replaced by the World Trade Organization, which expanded those rules and established a formal dispute settlement system.

The World Economic Forum works year-round

Beyond its annual Davos meeting, the World Economic Forum operates year-round through 11 centers that convene governments, corporations, and experts to coordinate initiatives around topics such as AI, cybersecurity, energy, climate change, health, finance, trade, geopolitics, and emerging technologies.

The World Bank, IMF, and WTO all face calls for structural reform

Researchers argue that all three major institutions face legitimacy and effectiveness challenges, including outdated governance structures, unequal voting power, and difficulty adapting to a more multipolar world.

Ranking the world’s economies: 1980 vs. 2025

The US remains the world’s largest economy, having increased its annual gross domestic product from $2.9T in 1980 to $30.6T in 2025. In 1980, China ranked seventh globally with a GDP of $304B. In 2025, China ranked second with a GDP of $19.4T.

See who attended Davos 2025

Each year, Davos draws one of the most exclusive guest lists in the world. In 2025, attendees included 60 heads of state, over 900 CEOs and corporate chairs, and top leaders from global civil society, who gathered in the Swiss Alps.

Read the WEF’s Global Risks Report for 2025

The Global Risks Report is the World Economic Forum’s annual assessment of the most pressing threats facing the world. The 2025 edition highlights declining global optimism, deepening geopolitical and economic tensions, and rising social fragmentation across societies.

The BRICS development bank was created as an alternative to Western-led institutions

Brazil, Russia, India, China, and South Africa founded the New Development Bank in 2015, clearly positioning it as a counterbalance to the World Bank and IMF—and a way for middle powers to influence global economic governance.

Arguments for returning to a gold standard reappear from time to time

However, critics argue that globalization has made the gold standard impractical for modern economies, as it limits a nation’s ability to have a flexible monetary policy—hence, none of today's governments have a gold standard.

The Great Depression was an international depression felt far beyond the US

Many countries suffered through a depression in the 1930s that the First World War, the US stock market crash, and an economic downturn in Germany turned into an international crisis.

The US dollar is the most widely circulated currency in the world, and is involved in nearly 90% of global transactions

The Dow Jones Industrial Average was created in the aftermath of a financial crisis

Charles Dow introduced the index in 1896, following the Panic of 1893—a severe economic downturn. The DJIA offered investors a straightforward tool to track recovery and gauge the health of America’s emerging industrial economy.

In the aftermath of the 2008 financial crisis, the Fed began a program of quantitative easing

This program injected trillions of dollars of new money into financial markets to stimulate the economy. The move catalyzed an 11-year bull run and was repeated during the pandemic. Experts argue such power could worsen wealth inequality and contribute to bubbles in housing and finance.

The Concert of Europe was an earlier attempt to manage great power relations through shared rules

After the Napoleonic wars, European powers established a system of regular consultation to manage conflicts and maintain the balance of power. It offered relative stability for nearly a century before deteriorating.

In 2016 OPEC and 10 major producers—including Russia—launched OPEC+

OPEC+ emerged in 2016 when 10 additional producers, including Russia, joined to stabilize markets amid U.S. shale growth. In 2022, OPEC alone supplied 38 % of global crude oil, but combined with OPEC+, output reached nearly 59 % of world production—significantly amplifying its market power.

The two-day marathon meetings of the Federal Open Market Committee follow a logical process of information sharing

In a stately room in the Eccles Building in Washington, DC, the 17 participants of the FOMC and their aides report on economic conditions and decide monetary policy.

See the increase in financial crimes globally on a map

The Global Organized Crime Index tracks annual shifts in organized crime, ranging from drug and human trafficking to financial crimes. The map shows crime levels for each country, as well as a profile of the country's annual shifts.

Japan has one of the largest debt-to-GDP ratios among developed countries

On the face of it, this appears to be a bad sign. But a closer look at Japan’s investment strategies reveals that its relatively high debt might be more sustainable than meets the eye.

Author John Green explains the Gilded Age

The Gilded Age was a time period that stretched from the 1870s until the turn of the 20th century that was colored by rapid industrialization, economic change, and widespread financial inequality. It was named as such because the widespread poverty during this era is often overshadowed by the fact that it was also a golden age for wealthy individuals.

How NATO responded to 9/11

The collective defense clause of the NATO constitution has only been invoked one time: after the 9/11 terrorist attacks against the United States. This video explores the immediate actions NATO took to respond to the attacks to support the United States. These firsthand clips from 2001 give a sense of the magnitude of the moment and the difficult decisions facing NATO leaders at the time.

The Occupy Wall Street protests lasted 59 days

After the 2008 recession, one of the main slogans of Occupy Wall Street was, “We are the 99%,” alluding to the wealth disparity between America’s wealthiest 1% of all households and the rest of the country.

The Arab League has 22 members and very little enforcement power

It was founded in Cairo in 1945 and spans 22 nations across the Middle East and North Africa, ostensibly to coordinate policy on economics, culture, and defense. Its charter says any resolution only binds states that voted for them, rendering most of them toothless.

There are 6 primary governing bodies at the UN

The United Nations is structured around six main bodies: the General Assembly, Security Council, Economic and Social Council, Trusteeship Council, International Court of Justice, and Secretariat. Each plays a distinct role in promoting peace, justice, and cooperation worldwide.

Prelude to the Tiananmen Square crackdown

On June 2, 1989, two days before the military-led massacre that would come to be known as the Tiananmen Square crackdown, nine of China's top leaders discussed how to stop pro-democracy protesters. During this meeting, leader Deng Xiaoping delivered a speech that has shaped the country ever since, in which he advocated for a forceful end to the protests while supporting China's economic "opening-up" featured in protesters' demands.

While the first exchange-traded fund (a 'basket' of different assets that can be bought and sold on a stock exchange) in the US only launched in 1993, the global ETF market has grown to more than $10T in the short time since.

The idea for the Federal Reserve was conceived in secret in 1910—with bankers donning duck hunt gear for disguise while traveling to a remote country club on Georgia's Jekyll Island

The power and influence of the American presidency have expanded significantly over time—far beyond what the founders envisioned.

The US first hosted the World Cup in 1994, a tournament that lives in soccer infamy for its poor planning and the murder of Colombian player Andres Escobar, who'd accidentally scored on his own net.

Warren Buffett's former professor Benjamin Graham is known as the 'father of value investing,' a strategy in which investors seek to buy stocks trading below their intrinsic worth.

Electrical grids worldwide must double their power delivery capacity by 2050 to meet surging demand from AI and electric vehicles.

In 2026, Finland was named the world's happiest country for the ninth consecutive year based on its wealth, social safety network, and high life expectancy, among other factors.

The hormonal disorder PCOS was renamed PMOS in 2026, a move designed to improve care and research by shifting the focus to the hormonal causes of this condition that affects 1 in 8 women.

A 2019 Facebook event called on attendees to "Storm Area 51, They Can't Stop All of Us," resulting in countless memes, the creation of a music festival, and eventually the arrests of those who did try to approach the area.

The American Society of Civil Engineers' infrastructure report card gave the US a C in 2025, its highest grade since the project launched in 1998.

The first steps to rebuilding your credit score include getting to know exactly what's on your credit report and figuring out how far you are from the '700 club,' or 'good score' range.

See how Ebola tore through Guinea, Sierra Leone, and Liberia in 2014-2016.

The Nasdaq's 'Magnificent 7' companies are responsible for roughly 40% of the Nasdaq 100 index's gains, while the remaining 93 companies account for the other 60%.

Iran's Revolutionary Guard Corps is independent of Iran's regular army and is one of the most powerful and influential military-political organizations in the Middle East.

At the beginning of the 20th century, a group of young men ate standard American food—replete with food additives like borax and formaldehyde—as part of government research to better understand food safety.

US housing costs have risen by roughly 175% between 1991 and 2026—but a growing number of Gen Zers are becoming homeowners anyway. In 2025, 4% of homebuyers were Gen Z, up from 3% the year before.

One of the most famous portraits ever taken is 'Afghan Girl' (1984) by Steve McCurry, yet the subject Sharbat Gula went much of her life without being identified or benefitting from the image's success.

Explore a list of the 100 best novels of all time, compiled by some of the world's best living writers, including Salman Rushdie, Stephen King, and Jennifer Egan.

NBA superstar Victor Wembanyama spent the 2025 summer training with monks in central China to enhance his body and mind.

While the sun's gravity keeps the planets in orbit, their gravity also pulls on the sun, causing it and everything else in the solar system to orbit around a mutual balance point called the barycenter—the true center of the solar system.

To reduce wrinkles in clothing, research recommends gentle wash cycles with more water and tumble drying with smaller loads and longer times.

The Russia-Ukraine conflict is the largest ground war in Europe since World War II in terms of casualties, forces mobilized, and displacement of civilians.

Hotels in Cannes, the glamorous city on the French Riviera, hire hawks to ward off seagulls during the city's famous film festival.

See a 3D reconstruction of Tenochtitlan, the Aztec capital that was home to an estimated population of 200,000 to 400,000.