Twenty years ago, the United States was the world’s largest creditor nation, unsurpassed in its ownership of assets outside of its borders, even after deducting what foreigners owned inside its borders. Yet over the past two decades, America has been transformed into the world’s largest debtor nation.
Please join Council on Foreign Relations President Richard N. Haass for a discussion of his new book, Foreign Policy Begins at Home. He describes a twenty-first century in which power is widely diffused, the result of globalization, revolutionary technologies, and power shifts. Haass argues that the biggest threats to U.S. security and prosperity come not from abroad but from within. He puts forward a new foreign policy doctrine of Restoration, in which the United States limits its engagement in foreign wars and humanitarian interventions and instead focuses on restoring the economic foundations of its power.
Please join Dan Coats, member of the Senate Appropriations Committee, to discuss how U.S. foreign policy objectives are affected by the federal budget and ongoing debt concerns.
How to Save the Euro -- and the EU by Henry Farrell and John Quiggin, Foreign Affairs, May/June 2011
Maurice R. Greenberg Center for Geoeconomic Studies Newsletter
The C. Peter McColough Series on International Economics is presented by the Corporate Program and the Maurice R. Greenberg Center for Geoeconomic Studies.
The president's annual address set the stage for more political wrangling over U.S. fiscal policy at a time when decisiveness is crucial for the economy, writes CFR's Robert Kahn.
Policymakers must act swiftly post-election to approve a viable fiscal plan or trigger market volatility and severe damage to the U.S. economy, writes CFR's Robert Kahn.
Gridlock over raising the debt ceiling has already tarnished Washington's image and failure to address the problem in one month could cause enormous global financial upheaval, writes CFR's Sebastian Mallaby.
What does 2014 have in store for the global economy? Five experts identify the most important trends, challenges, and opportunities in the upcoming year.
What are the implications for U.S. global competitiveness of running large budget deficits, and what should be done to reign in the fiscal shortfall? Five experts provide their take on the risks and recommend solutions.
The White House's proposed budget for FY2012 tries to balance spending cuts with investment to boost competitiveness. CFR experts examine how well it handles deficit reduction, defense, foreign aid, and spurring innovation.
A new proposal by the bipartisan "Gang of Six" to reduce deficits by nearly $4 trillion could gain traction among House Republicans, with polls showing greater public support for raising the debt ceiling as the August 2 deadline approaches, says CFR's Sebastian Mallaby.
President Obama today used his bully pulpit to press Republicans for a deal on raising the U.S. debt ceiling but both sides appear set to take their dispute to the final moments, as financial markets watch anxiously, writes CFR's James Lindsay.
President Obama's round of speeches on reducing the deficit should put more emphasis on restoring U.S. competitiveness and less on the sacrifices rich Americans must make to pay down the country's debts, says CFR's Amity Shlaes.
President Obama's competing deficit-cutting plan stimulates a crucial debate with Republicans that will have major consequences for U.S. and global growth, but no compromise appears imminent, says CFR's James Lindsay.
The deal to avert a government shutdown may provide some desperately needed momentum for U.S. political leaders to take on the country's debt and deficit crisis and restore its global fiscal reputation, writes CFR's Sebastian Mallaby.
The mounting budget battle in Washington and looming federal debt limit raises concerns about the ability of U.S. lawmakers to tackle the country's enormous deficit and debt, writes CFR's James Lindsay.
Campbell evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
Koblentz argues that the United States should work with other nuclear-armed states to manage threats to nuclear stability in the near term and establish processes for multilateral arms control efforts over the longer term.
The authors argue that it is essential to begin working now to expand and establish rules and norms governing armed drones, thereby creating standards of behavior that other countries will be more likely to follow.
Maximalist finds lessons in the past that anticipate and clarify our chaotic present, revealing the history of U.S. foreign policy in an unexpected new light. More
This clear and authoritative book presents a sweeping account of China's global resource quest and the unrivaled expansion of its economy. More
The story of the tragic and often tormented relationship between the United States and Pakistan, and a call to prepare for the worst, aim for the best, and avoid past mistakes. More
Learn more about CFR’s mission and its work over the past year in the 2014 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.
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