"Funding for scientific development has been one of the notable victims of sequestration, with universities and other research institutions across the country feeling the pinch. Apart from [Los Alamos National Lab], the National Institutes of Health, which drives US medical research, has suffered $1.5bn in cuts this year. Scientists and economists have warned that slashing billions from basic research will hurt US competitiveness over the long term."
The U.S. government shutdown raises troubling questions about American predictability and feeds doubts about the ability of Congress to be a partner with the White House on foreign policy, says Richard N. Haass, CFR President and author of Foreign Policy Begins at Home.
Heidi Crebo-Rediker, former chief economist at the U.S. Department of State, has joined the Council on Foreign Relations (CFR) as a senior fellow. Her work will focus on the role of economics in U.S. diplomacy, and she will also participate in CFR's Renewing America initiative, which studies the domestic economic underpinnings of U.S. power.
The World Economic Outlook (WEO) presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries. It focuses on major economic policy issues as well as on the analysis of economic developments and prospects. It is usually prepared twice a year, as documentation for meetings of the International Monetary and Financial Committee, and forms the main instrument of the IMF's global surveillance activities.
"So far, the grand bargain between the core and the periphery has held up: the periphery continues austerity and reform while the core remains patient and provides financing. But the eurozone's political strains may soon reach a breaking point, with populist anti-austerity parties in the periphery and populist anti-euro and anti-bailout parties in the core possibly gaining the upper hand in next year's European Parliament elections."
"China's approval process for inbound foreign direct investment drives many of the headline economic issues currently being discussed between China and its trading partners, as well as internally within China."
Benn Steil's latest Forbes op-ed, co-authored with Dinah Walker, shows why Greece may turn out to be a deciding factor in the German elections. While it is widely believed that a fresh mandate for Chancellor Merkel means more robust German involvement to end the eurozone crisis, they show why the loss of her FDP coalition partner could mean the opposite.
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.