The number of U.S. regulations—which affect nearly every aspect of Americans’ lives, from the food and medicine they consume to the quality of the air they breathe and how they save for retirement—has consistently been on the rise. As a result, U.S. businesses are increasingly burdened, but not competitively disadvantaged, because their peers in other advanced countries tend to face even more regulations, according to a new progress report and scorecard from the Council on Foreign Relations’ Renewing America initiative.
The United States used to be the trailblazer in regulatory reform. But the rest of the rich world has caught up. This Progress Report and Scorecard from the Renewing America initiative outlines the current state of federal regulation in the United States and charts ways the U.S. regulatory management system could be improved.
In the lasting debate over Thomas Piketty’s book on outsized returns on capital, a significant fact has been obscured: If you exclude land and housing, capital has not risen as a share of the U.S. economy.
The latest partisan wranglings over net neutrality are yet another reminder of just how divided Republicans and Democrats are over the costs and benefits of federal regulations—the vast swathe of rules that govern everything from air quality to auto safety.
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that while new collective action clauses are a step forward in dealing with sovereign debt crises, countries must work to change old debt that lacks the clauses to the new standard as quickly as possible.
A recent book of essays by top economists suggests that many of the lessons of the 2008 financial crisis were ones that should have been learned long before the meltdown. The problem is that during good times, people forget.
In his discussion of German foreign policy’s supposed drift eastward, Hans Kundnani (“Leaving the West Behind,” January/February 2015) suggests that Germany has resisted imposing sanctions on Russia over its undeclared war with Ukraine—a sign, in his view, that Germany might once again desert the West in a flirtation with Russia.
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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.
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. Read and download »