Although the wary are fretting about China's unprecedented financial might, Beijing's policies -- hoarding foreign currency reserves and sending money abroad -- have so far been better for other countries than for China itself.
The C. Peter McColough Series on International Economics is presented by the Corporate Program and the Maurice R. Greenberg Center for Geoeconomic Studies.
After World War II, "trading states" seemed to be charting a new path forward. But small was not beautiful. Even great powers found themselves negotiating larger markets through economic associations with others. It's time the United States became such a power.
Google's decision to end censorship of its search content in China, and Beijing's response, appear to strike a balance between holding to principles and doing business, but U.S.-China clouds continue to gather, writes CFR's Adam Segal.
News that global trade contracted in 2009 underscores the need for Obama's trade strategy to include negotiating exchange rates with Asian countries and promoting free trade agreements, says IIE's Gary Hufbauer.
Speaker: Joseph E. Stiglitz Presider: Steven R. Weisman
Listen to Dr. Stiglitz for a discussion of the financial crisis and his suggestions for a way forward that restores balance between markets and governments and addresses inequalities.
Matthew Slaughter discusses the rise of foreign direct investment from developing into developed countries via M&A transactions. He says that leaders in advanced countries must remember the benefits of inward FDI and resist protectionist pressures.
"As U.S. president Barack Obama makes his way through Asia he will find a dynamic region in ferment," writes Evan Feigenbaum. And, as the region continues to grow, the United States needs to assert itself through trade agreements or risk becoming marginalized in a region that will constitute about half the global economy.
CFR's Marc Levinson says further international coordination on financial regulation may do more harm than good and expresses doubts about federal restrictions on executive pay.
Listen to Marc Levinson, senior fellow for international business at CFR, discuss the Obama administration's trade policy, American competitiveness, and the value of the U.S. dollar, as part of CFR's State and Local Officials Conference Call series.
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.
Special operations play a critical role in how the United States confronts irregular threats, but to have long-term strategic impact, the author argues, numerous shortfalls must be addressed.
The author analyzes the potentially serious consequences, both at home and abroad, of a lightly overseen drone program and makes recommendations for improving its governance.
Two experts argue that despite myriad development strategies, only one can succeed in alleviating poverty in India: the overall growth of the country's economy. More