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Article

The Unsung Success of Nuclear Nonproliferation

Author: Philip H. Gordon
Nikkei Asian Review

When U.S. presidential candidate Donald Trump mused about the possibility of Japan, South Korea and Saudi Arabia developing their own nuclear weapons, it was probably not his intention to highlight the success of the nuclear nonproliferation regime or the policy of President Barack Obama's administration.

See more in United States; Asia and Pacific; Nonproliferation, Arms Control, and Disarmament; Elections

Article

Philip Gordon: The Unsung Success of Nuclear Nonproliferation

Author: Philip H. Gordon
Nikkei Asian Review

When U.S. presidential candidate Donald Trump mused about the possibility of Japan, South Korea and Saudi Arabia developing their own nuclear weapons, it was probably not his intention to highlight the success of the nuclear nonproliferation regime or the policy of President Barack Obama's administration.

See more in United States; Global; Nonproliferation, Arms Control, and Disarmament

News Release

State Capitalism Threatens Global Security and Prosperity, Argues Kurlantzick in New Book

Over the past two decades, many developing countries have turned away from free market capitalism and toward modern state capitalism, which is a combination of traditional state economic planning and elements of free market competition. In his new book, Council on Foreign Relations Senior Fellow for Southeast Asia Joshua Kurlantzick argues that modern state capitalism is ultimately “more protectionist, more dangerous to global security and prosperity, and more threatening to political freedom” than free market economics.

See more in Asia and Pacific; Russian Federation; Economics

Op-Ed

Donald Trump vs. Barack Obama on Nuclear Weapons in East Asia

Author: Stephen Sestanovich
Wall Street Journal

Donald Trump broke a lot of foreign-policy crockery last week. President Barack Obama dressed him down for encouraging South Korea and Japan to acquire nuclear weapons. NATO’s secretary-general, Jens Stoltenberg, has criticized him too. Academics trying to parse Mr. Trump’s statements can’t figure out which “school” of foreign-policy thinking he belongs to. (So far, my favorite scholarly comment has been: “There is no indication that Trump understands the workings of balance of power theory…” Of course, there is no indication that Mr. Trump cares about the workings of any theories—and no real danger that he subscribes to them.)

See more in United States; Elections; Nonproliferation, Arms Control, and Disarmament

Article

If American Jews and Israel Are Drifting Apart, What's the Reason?

Author: Elliott Abrams
Mosaic Magazine

If American Jews and Israel, are drifting apart, what’s the reason? That is the title of Elliott Abrams’s review essay in Mosaic, covering two new books that blame Israel—and its government’s policies—for the apparent drift. But the conventional wisdom is wrong, and the problems lie at home, among American Jews, not in Jerusalem.

See more in United States; Israel; Ethnicity, Minorities, and National Identity; Society and Culture

Op-Ed

Why Is Paul Krugman Still Calling for Fiscal Stimulus?

Author: Benn Steil
Weekly Standard

Benn Steil’s latest op-ed in The Weekly Standard examines Paul Krugman’s continuing calls for fiscal stimulus, as well as his defense of government wage intervention and mercantilism.  These have all been grounded in the assertion that the United States is in a “liquidity trap,” in which monetary policy is ineffective.  Steil explains why the theory of liquidity traps is logically inapplicable when the central bank’s policy rate is positive, as it has been in the United States since December, and concludes that it operates as a fig leaf behind which to advocate policies with less scientific rationales.

See more in United States; Monetary Policy

Interactive

Global Monetary Policy Tracker

Authors: Benn Steil and Emma Smith

CFR’s Global Monetary Policy Tracker compiles data from 54 countries around the world to highlight significant global trends in monetary policy. Who is tightening policy? Who is loosening policy? And what is the policy stance of the world as a whole? Learn more!

See more in Global; Economics