Peter Orszag explains that, when U.S. officials adopt policies carefully designed to produce future federal deficit reductions, most of those reductions do eventually happen.
Martin Wolf argues that the Cameron government's reluctance to take advantage of extraordinarily cheap borrowing costs risks permanent damage to the British economy and society.
Martin Wolf argues that François Hollande can put the eurozone back on a path to prosperity by shifting German leaders' focus away from austerity and toward reforms coupled with symmetric adjustment of the monetary union's internal imbalances.
Richard N. Haass says today's college graduates will lead 21st century lives, and in an age of globalization, the world will matter to them as never before.
The U.S. Treasury released this fact sheet on the Joint U.S.-China Economic Track meeting held at the fourth U.S. China Strategic and Economic Dialogue, on May 4, 2012.
Jagdish Bhagwati and Francisco Rivera-Batiz suggest that interstate competition for illegal labor will force states with tough illegal immigration policies to soften their stances.
Sebastian Mallaby explains how post-election gridlock could either send the U.S. economy over the edge of a "fiscal cliff" into recession or lead it down a risky road of more debt and downgrades.
Peter Orszag works through various approaches U.S. policymakers could take to head off fiscal catastrophe as a storm of tax increases, spending cuts, and a debt ceiling standoff looms at the end of the year.
The April 2012 Global Financial Stability Report from the International Monetary Fund states that although the global financial regulatory framework is being strengthened, no asset is truly risk-free. It highlights longevity risk as a pressing economic issue and analyzes its fiscal implications.
Peter Orszag examines recent research that suggests financial speculators can exert significant influence on commodities prices for brief periods of time.
Tyler Cowen points out that America has three things going for it, export-wise: computerization is making manufacturing wages irrelevant; fracking technology is addressing energy issues; and an increasingly wealthy rest of the world can afford to buy American goods.
Discover a graphical take on geoeconomic issues, with links to the news and expert commentary.
CFR Experts Guide
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.
The author analyzes the potentially serious consequences, both at home and abroad, of a lightly overseen drone program and makes recommendations for improving its governance.