Instead of hoping that a political miracle will spare the Pentagon from the budget ax, American defense officials need to start preparing for the inevitable. That means bringing personnel costs under control, getting on with strategic planning, and reshaping the forces for today's missions.
Cyberwar Is Coming!" declared the title of a seminal 1993 article by the RAND Corporation analysts John Arquilla and David Ronfeldt, who argued that the nascent Internet would fundamentally transform warfare.
The former chair of the U.S. Federal Reserve asks how so many experts, including him, failed to see the 2008 financial crisis approaching. An important part of the answer to that question is a very old idea: Keynesian "animal spirits," the irrational elements of decisionmaking that have been left out of economic forecasting for too long.
International development has moved beyond charity. Gone are the days when the United States would just spend its seemingly bottomless largess to help less fortunate or vanquished countries, as it did after World War II.
Authors: Steven Tepp, Kal Raustiala, and Christopher Sprigman
In their essay "Fake It Till You Make It" (July/August 2013), Kal Raustiala and Christopher Sprigman urged the United States to "relax" when it comes to the flagrant disregard for intellectual property laws in China.
Tensions between the United States and Israel over Iran negotiations have jeopardized peace talks with Palestinians and left Israel vowing to go it alone on security if necessary, says expert Gerald M. Steinberg.
"With Iran's nuclear program back at the center of world debate, it's helpful to understand with more clarity the attempts to digitally sabotage that program…What I've found is that the full picture, which includes the first and lesser-known Stuxnet variant, invites a re-evaluation of the attack. It turns out that it was far more dangerous than the cyberweapon that is now lodged in the public's imagination."
Peter Orszag writes that the Reserve Bank of New Zealand's limits on high loan-to-value mortgages are a model for the kind of actions the U.S. Federal Reserve could have taken to manage the U.S. mortgage market and reduce the risks that the housing bubble posed to the financial system.
"Today, the story is at once more accessible and more dangerous. To cover China is to chronicle the world's second-largest economy, a rising superpower, and one-fifth of the world's population. China is so central to our economic lives that journalists have had no choice but to engage China with greater technical analysis and precision."
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.