Benn Steil’s op-ed in the March 30 edition of the Wall Street Journal, co-authored with Emma Smith, looks at presidential campaign charges that China is engaged in “currency manipulation” to boost net exports. They show that the aims of China’s pegged exchange rate regime have varied over the past two decades, and have not always been mercantilist. In recent months, with capital flowing out of China at a prodigious rate, its interventions have been to keep its currency up—not down. Launching a trade war with China over currency management, as Donald Trump and Bernie Sanders intend, would therefore be nonsensical—as well as damaging to U.S. interests.
To ensure the success of Myanmar's historic democratic transition, the United States should revise its outdated and counterproductive sanctions policy, according to Priscilla A. Clapp, former chief of mission at the U.S. Embassy in Myanmar.
The control of Iran’s clerical hardliners over electoral processes has guaranteed the demise of the country’s left-wing movement, writes CFR’s Ray Tayekh with Reuel Marc Gerecht. The country has moved so far to the right that die-hard reactionaries are presented as reasonable conservatives.
Max Boot and Benn Steil argue that a Trump presidency would undermine the liberal international order which the United States painstakingly constructed and cultivated after the Second World War. This would, they believe, gravely damage America’s security and standing in the world.
The Islamic Republic is about to hold its first elections since an international agreement was reached over its nuclear program. At stake, in theory at least, is control of parliament and the Assembly of Experts.
Despite heavy vetting of candidates, Iran’s elections for parliament and Assembly of Experts will offer insights into whether hardline or more moderate factions gain influence, says expert Mohammad Ayatollahi Tabaar.
Why are Republican presidential candidates denigrating the U.S. military? Micah Zenko analyzes the negative language candidates have used, and how it differs from the perceptions of senior military officials.
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