During his campaign, Donald Trump persuaded voters that he would look after “America First.” It would be hard to find an institution that plays a greater role in supporting the economic and strategic interests of the United States than does the IMF. Therefore, it would be in the United States’ and the world’s interests if Secretary Mnuchin were to deliver a strong and clear statement of support for the IMF from its biggest beneficiary.
While numerous questions remain as to how the Syrian conflict will end, all sides agree that talks should continue in Geneva. “The Geneva process is exhausting and frequently has felt futile,” writes Gayle Tzemach Lemmon, “…but it still exists and offers a framework to end these wars.”
By far the biggest winner if NAFTA ends will be China, writes Shannon O’Neil. As for the losers, “are thousands of small and medium-sized American businesses, which are more likely to export to Mexico than anywhere else in the world.”
In testimony before the Senate Armed Services Committee on March 2, 2017, Matthew C. Waxman addressed some of the international law questions most relevant to cyber threats and U.S. strategy and made recommendations for U.S. leadership in the evolution of related international rules. Waxman argued that even though international law regarding cyber capabilities is not yet settled, existing rules can support a strong cyber defense strategy. Since many of the international law questions depend on specific, case-by-case facts, and are likely to be highly contested for a long time to come, the United States should continue to advance interpretations that support its strategic interests and effectively constrain other states’ behavior.
Authors: Thomas J. Bollyky and Petros C. Mavroidis Journal of International Economic Law
Global value chains have changed the way that the world trades. The World Trade Organization (WTO) should embrace the confluence of shared social preferences and trade, where it may exist such as digital trade, food and drug safety, and climate smart-agriculture, as a motivation for advancing international regulatory cooperation. To do that, changes to the corporate governance of the WTO are needed to facilitate the use of plurilateral agreements and to multilateralize progress already occurring bilaterally and regionally.
Though Saudi Arabia will remain a strategic partner for the United States, they have proven themselves to be incompetent allies, writes CFR’s Steven A. Cook. If recent years are any indication, much of Saudi foreign policy has proven to be a failure.
The likelihood that Armenians and Azerbaijanis will clash over Nagorno-Karabakh in the next twelve months is high. This Contingency Planning Memorandum details how the United States can prevent renewed conflict over the disputed region.
Cyberspace is a largely ungoverned domain with a growing threat of disruptive acts. In the absence of a cyber regulatory regime, the United States must strengthen deterrence and bolster its resilience, writes CFR President Richard N. Haass.
In a special section of Global Policy edited by Miles Kahler, five authors examine the opportunities and risks presented by regional institutions across five issue areas: finance, trade, development lending, human rights, and peace operations.
As U.S.-China tensions intensify and as the North Korean threat grows, the importance of the Republic of Korea (ROK, or South Korea) as a pivot state in East Asia and as a valuable ally for the United States has become clearer than ever.
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 »