As growth slows in mature economies across the developed world, economic inequality has reachednew heights. Defined in terms of the shares of disposable income of households across the economic spectrum, adjusted for varying needs, inequality today in the United States is significantly higher than it was a generation ago.
John Campbell discusses 'Morning in South Africa', his new book that introduces post-apartheid South Africa to an international audience and argues that South Africa’s future is bright and that its democratic institutions will weather its current lackluster governance.
In this article, Cohen discusses the preparations in advance of the UNCLOS tribunal’s ruling by parties and non-parties in the South China Sea disputes including China, the Philippines, Taiwan, and the United States.
On January 28, 2009, barely a week into his presidency, Barack Obama met with the U.S. military’s top generals and admirals on their own turf, inside “the tank,” the Joint Chiefs of Staff’s conference room on the second floor of the Pentagon. A senior official recalled the new president as “remarkably confident—composed, relaxed, but also deferential, not trying to act too much the commander in chief.”
Authors: Eliot A. Cohen, Eric S. Edelman, and Ray Takeyh
The nuclear deal that the United States and five other great powers signed with Iran in July 2015 is the final product of a decadelong effort at arms control. That effort included sanctions in an attempt to impede Iran’s quest for a nuclear weapons capability.
The scholar Edward Corwin famously described the separation of powers between the executive and the legislative branches set out in the U.S. Constitution as “an invitation to struggle for the privilege of directing American foreign policy.” With different parties controlling different branches of government, partisan politics tends to intensify this struggle, and the consequences can be ugly.
Since the early 1990s, daily life in poor countries has been changing profoundly for the better: one billion people have escaped extreme poverty, average incomes have doubled, infant death rates have plummeted, millions more girls have enrolled in school, chronic hunger has been cut almost in half, deaths from malaria and other diseases have declined dramatically, democracy has spread far and wide, and the incidence of war—even with Syria and other conflicts—has fallen by half.
At the end of September, Russia began conducting air strikes in Syria, ostensibly to combat terrorist groups. The strikes constitute Russia’s biggest intervention in the Middle East in decades. Its unanticipated military foray into Syria has transformed the civil war there into a proxy U.S.-Russian conflict and has raised the stakes in the ongoing standoff between Moscow and Washington.
Last October, the European Court of Justice struck down the Safe Harbor agreement, a 15-year-old transatlantic arrangement that permitted U.S. companies to transfer data, such as people’s Google-search histories, outside the EU. In invalidating the agreement, the ECJ found that the blurry relationship between private-sector data collection and national security in the United States violates the privacy rights of EU citizens whose data travel overseas.
Almost five years ago, mass protests swept the Egyptian autocrat Hosni Mubarak from power. Most local and foreign observers believed that Egypt was on the path to a democratic future; some even proclaimed that democracy had arrived.
Just a few years ago, Latin America was on a roll. Its economies, riding on the back of the Chinese juggernaut, were flourishing. A boom in commodity prices and huge volumes of foreign direct investment in agriculture and natural resources generated a golden decade.
For the first time since the start of Britain’s referendum fight over Europe, the polls predict “Brexit.” The four most recent national surveys put the “Leave” side ahead with margins of between one and 10 percentage points. Most people, including many disaffected Britons who want to shake up the system by backing a Brexit, understand that this would mean a political and economic shock. But they underestimate its severity.
The biggest revelation offered by Ben Bernanke’s memoir of his time as chair of the U.S. Federal Reserve is just how much the public, the media, and especially elected officials have misunderstood the real lessons of the 2008 financial crisis and the subsequent Great Recession—events that defined Bernanke’s tenure, which began in 2006 and ended in 2014.
“British citizens will be voting on June 23 on a question that will affect not just the future of Europe, but also the future of the United States, argues CFR President Richard N. Haass in the American Interest.”
Learn more about CFR’s mission and its work over the past year in the 2015 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass. Read and download »