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.
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.
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.
Start-Up Nation addresses the trillion-dollar question: How is it that Israel—a country of 7.1 million, only sixty years old, surrounded by enemies—produces more start-up companies than large, peaceful, and stable nations like Japan, China, India, Korea, Canada, and the UK? With the insights of geopolitical experts and investors, the authors examine this nation's adversity-driven culture to answer this question and offer prescriptions for a global economy on the rebound.
In the first of his new monthly columns for Financial News,Benn Steil argues that private as well as public sector defined benefit pension schemes are a major risk to taxpayers, and should be replaced by defined contribution schemes.
Using Germany as a case study, Benjamin Weinthal argues that strong business ties between Europe and Iran will pose a large obstacle if the Obama administration wishes to apply further pressure on Tehran.
The authors argue that the United States has responded inadequately to the rise of Chinese power and recommend placing less strategic emphasis on the goal of integrating China into the international system and more on balancing China's rise.
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.
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 »