Economics

Primary Sources

Remarks by President Obama and Japanese President Abe

President Obama and Japanese President Abe Shinzo held this press conference on April 24, 2014, and released several fact sheets on U.S.-Japan collaboration in the areas of security, stability and prosperity, technology, and energy. President Obama traveled to Japan, South Korea, Malaysia, and the Phillipines as part of his administration's rebalance to Asia, a policy to strengthen U.S. economic and political relations in the region.

See more in Japan; Grand Strategy; Trade

Foreign Affairs Article

Reforming Nigeria

Author: Ngozi Okonjo-Iweala

Born to professors in what was then still a British colony, Ngozi Okonjo-Iweala was a teenager when civil war broke out in Nigeria seven years after independence, and she ended up working as a cook for the Biafran rebels on the frontlines.

See more in Nigeria; International Finance

News Release

New CFR Scorecard Shows U.S. Corporate Tax System Keeps Foreign Profits Abroad

Nearly three decades after the last major tax overhaul, both Democratic and Republican parties and President Barack Obama agree that cutting the corporate tax rate and taxing foreign profits differently would move the tax system in the right direction. The outdated corporate tax system does not raise as much revenue as the systems of most other rich countries, even as U.S. corporate profits have reached record highs, according to a new progress report and scorecard from the Council on Foreign Relations' Renewing America initiative.

See more in United States; Tax Policy

Video

Globalizing World Requires Transatlantic Partnership and Leadership

Speaker: Wolfgang Schäuble
Presider: Robert M. Kimmitt

With the economic structural reforms enacted in many southern European countries now beginning to show results, German finance minister Wolfgang Schäuble joins Robert Kimmitt of the American Council of Germany to discuss the current state of the European economic recovery.

See more in Germany; Economics; EU

Audio

Globalizing World Requires Transatlantic Partnership and Leadership

Speaker: Wolfgang Schäuble
Presider: Robert M. Kimmitt

With the economic structural reforms enacted in many southern European countries now beginning to show results, German finance minister Wolfgang Schäuble joins Robert Kimmitt of the American Council of Germany to discuss the current state of the European economic recovery.

See more in Germany; Economics; EU

Other Report

The U.S. system for taxing corporate profits is outdated, ineffective at raising revenue, and creates perverse incentives for companies to shelter profits overseas. It is also, for most U.S. companies most of the time, a pretty good deal, which is one of the big reasons why any serious overhaul will be so difficult to achieve.

See more in United States; Tax Policy