When Rex Tillerson, Exxon Mobil Corp.’s longtime chief executive and now Donald Trump’s choice to be secretary of state, appears before the Senate Foreign Relations Committee on Wednesday, he will get a lot of questions about his relationship with Russian President Vladimir Putin. If senators want a better conversation with Mr. Tillerson, they should get him to acknowledge—or dispute—the basic facts of Russian-American relations. Stephen Sestanovich presents three questions aimed at getting Tillerson to admit how much sanctions have accomplished.
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn writes that markets showed impressive resilience in the face of a range of geopolitical shocks in 2016, but recent market moves suggest this year could be different. A greater range of possible, if unlikely, political challenges, as well as U.S. monetary policy normalization, could bring a crisis back to the fore.
Women’s economic advancement is a primary driver of economic growth and development. In this roundtable, Shauna Olney addresses gender inequalities across a variety of labor market indicators, including quantity and quality of jobs. She also discusses the policies that are necessary to improve women’s labor market participation.
Martha Chen addressed the overrepresentation of women in the informal economy and the challenges they face – including low earnings and lack of social protections, which reinforce the cycle of poverty. She also discussed the resources women need to overcome these challenges and the strategic imperative for more inclusive and equitable policy.
Speaker: John Fairhurst Speaker: Debra Messing Speaker: Kate Roberts Presider: Rachel B. Vogelstein
The international development financing landscape is changing. Today, official development assistance now comprises only 2 percent of financing flows in the developing world. New approaches to financing are needed to address pressing development challenges, including persistent inequalities for women and girls. Drawing upon their respective experiences, Fairhurst, Roberts, and Messing discuss two promising financing mechanisms: strategic philanthropy and impact bonds.
International financial flows have declined significantly since 2008, and world trade is stagnating. Rather than portending a period of de-globalization, Sebastian Mallaby analyzes the data more closely to suggest a reset, not a reversal, of globalization.
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn writes that financial markets rallied following the U.S. election, on hopes that President-Elect Donald J. Trump’s fiscal stimulus and deregulation initiatives would spur corporate profits and growth. Perhaps so, but a strong case could be made for the opposite: that Trump’s economic agenda will prove disruptive to trade and growth, face growing headwinds in Congress, and exert a contractionary impact on the U.S. economy.
Italy’s vote on constitutional reforms, which may determine whether the country can escape its economic doldrums and rescue its ailing banking system, could have consequences for all of Europe, says CFR’s Robert Kahn.
Learn more about CFR’s mission and its work over the past year in the 2016 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 »