Peter Andreas, John Hay professor of international studies, says “Business has boomed for professional smugglers (since the 1990s). The whole border in a sense has become more militarized and more difficult to cross by any measure. But for smugglers who can avoid law enforcement, it’s been a booming business.”

Mark Blyth, director of the Rhodes Center for International Economics and Finance, spoke with the Financial Times about the politicking of central banking, the hurdles to finding a U.S.-China trade war resolution, and how China can manage the financial risks building in its economy.