Council on Foreign Relations This Month in Geoeconomics
From the Maurice R. Greenberg Center for Geoeconomic Studies

April 2014

Getting Smarter About Infrastructure Finance

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Eric Thayer / Courtesy of Reuters

 

Upgrading worn-out U.S. infrastructure will require a mix of public and private investment, but many state and local policymakers lack the expertise needed to involve private investors while protecting taxpayers and maximizing value. In a new Policy Innovation Memorandum, CFR Senior Fellow Heidi Crebo-Rediker proposes that the federal government close this knowledge gap by creating an agency within the Treasury Department to advise state and local governments on how best to finance infrastructure projects using private investment. Read the Policy Innovation Memo

 

Ukrainian Aid

Ukraine Funding Steps Forward

CFR Senior Fellow Robert Kahn writes in a post on his Macro and Markets blog that the International Monetary Fund's (IMF) Ukrainian rescue program provides an important show of support at a critical juncture in the country's standoff with Russia, but he cautions that political and economic uncertainties cloud the program's chances of success. Read the blog post »

How to Reform Ukraine's Economy

In an op-ed for Fortune.com, Heidi Crebo-Rediker and Douglas A. Rediker of the Peterson Institute for International Economics argue that the European Bank for Reconstruction and Development would be fulfilling its core mandate by supporting Ukraine's transition toward democracy and market-oriented economics. Read the op-ed »

Sizing Ukraine's Aid

In the latest Geo-Graphics blog post, CFR Director of International Economics Benn Steil and CFR Analyst Dinah Walker show that the IMF reforms sought by the Obama administration would not have changed the size of the aid package Ukraine ultimately received. Read the blog post »

Standard Deductions: U.S. Corporate Tax Policy

The way the United States taxes its corporations is outdated. CFR's new scorecard infographic and accompanying progress report, "Standard Deductions: U.S. Corporate Tax Policy," identifies problems with current corporate tax policy and offers recommendations for reform. Read and download the report

Resiliency and Flexibility

China Faces Natural Resources Pushback

Although strategists have long feared that China's quest for natural resources would lead to ever-higher prices, a breakdown in trade, and wars, CFR Senior Fellows Elizabeth C. Economy and Michael A. Levi write in a Wall Street Journal op-ed that a World Trade Organization rebuke of Chinese exports restrictions shows that the global trade system is more resilient than worriers have claimed. Read the op-ed »

Politics-Proof Economies?

CFR Distinguished Visiting Fellow A. Michael Spence and Hoover Institution senior fellow David Brady argue in a Project Syndicate column that reformers facing tough constraints on fiscal policy can have a bigger impact on growth by targeting structural rigidities in their economies. Read the column »

On the Road to Recovery or a Bubble?

At a recent CFR event, CFR Senior Fellow Sebastian Mallaby hosted Joyce Chang of J.P. Morgan and Nouriel Roubini of Roubini Global Economics to discuss whether the Fed and other central banks are potentially inflating a new asset bubble by holding interest rates near zero for a prolonged period. Watch the video

 

 

About CGS

The Maurice R. Greenberg Center for Geoeconomic Studies (CGS)
works to promote a better understanding among policymakers, scholars, journalists, and the public about how economic and political forces interact to influence world affairs.

Michael A. Levi
Director of the Maurice R. Greenberg Center for Geoeconomic Studies

Edward Alden
Bernard L. Schwartz Senior Fellow

Thomas J. Bollyky
Senior Fellow for Global Health, Economics, and Development

Miles Kahler
Senior Fellow for Global Governance

Heidi Crebo-Rediker
Senior Fellow

Jennifer Harris
Senior Fellow

Robert Kahn
Steven A. Tananbaum Senior Fellow for International Economics

Sebastian Mallaby
Paul A. Volcker Senior Fellow for International Economics

Benn Steil
Director of International Economics

Blake Clayton
Adjunct Fellow for Energy

James P. Dougherty
Adjunct Senior Fellow for Business and Foreign Policy

Meghan L. O'Sullivan
Adjunct Senior Fellow

Peter R. Orszag
Adjunct Senior Fellow

Matthew J. Slaughter
Adjunct Senior Fellow for Business and Globalization

A. Michael Spence
Distinguished Visiting Fellow

 

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