Despite impressive changes over the past three years, Myanmar (or Burma) now faces growing insecurity and rising disappointment among citizens that reform has not brought higher standards of living. Interethnic and interreligious unrest now threaten to halt reforms altogether, depress much-needed investment, and could even lead to broader regional tensions.
The P5+1 (the United States, United Kingdom, Germany, France, Russia, and China, facilitated by the European Union) met with Iran in Geneva to discuss a diplomatic resolution regarding Iran's nuclear program. They released an initial plan of action November 24, 2013.
"Unlike his predecessors, Xi is making foreign policy with the mindset of a great power, increasingly probing U.S. commitments to its allies in the region and exploiting opportunities to change the status quo."
In this op-ed for the South China Morning Post, with Margaret K. Lewis, Jerome Cohen says that without recourse to constitutional backing, the move to truly abolish re-education through labor in China faces the same hurdles as in past reform efforts.
The former chair of the U.S. Federal Reserve asks how so many experts, including him, failed to see the 2008 financial crisis approaching. An important part of the answer to that question is a very old idea: Keynesian "animal spirits," the irrational elements of decisionmaking that have been left out of economic forecasting for too long.
International development has moved beyond charity. Gone are the days when the United States would just spend its seemingly bottomless largess to help less fortunate or vanquished countries, as it did after World War II.
Peter Orszag writes that the Reserve Bank of New Zealand's limits on high loan-to-value mortgages are a model for the kind of actions the U.S. Federal Reserve could have taken to manage the U.S. mortgage market and reduce the risks that the housing bubble posed to the financial system.
"Arctic shipping will remain of limited importance to China, as it will for the rest of the world. Future shipping in the Polar region will mostly consist of seasonal destinational transport, delivering supplies into the Arctic for its increasing economic activity and transporting the region's natural resources to markets in East Asia."
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.