Topics

Book

The Fix

Author: Jonathan Tepperman

A provocative look at the world's most difficult, seemingly ineradicable problems—and the surprising stories of the countries that solved them.

See more in Global; Economics

Foreign Affairs Article

America’s Brewing Debt Crisis

Author: Robert E. Litan

“Although short-term debt poses one of the greatest threats to the financial stability of the United States, Dodd-Frank has done little to mitigate it. Fortunately, several experts have proposed ambitious ways of dealing with the problem, including expanding federal insurance of bank deposits, allowing the Federal Reserve to lend money to more firms in the case of a panic, and banning unregulated financial institutions from issuing runnable liabilities,” writes Robert E. Litan.

See more in United States; Budget, Debt, and Deficits

Other Report

Venture Capital and Cleantech: The Wrong Model for Clean Energy Innovation

Author: Varun Sivaram

Venture capital (VC) firms spent over $25 billion funding clean energy technology (cleantech) start-ups from 2006 to 2011 and lost over half their money; as a result, funding has dried up in the cleantech sector. In this report, we present the most comprehensive account to date of the cleantech VC boom and bust, aggregating hundreds of investments to calculate the risk/return profile of cleantech, compared with those of medical and software technology investments. The results are stark—cleantech offered VCs a dismal risk/return profile, dragged down by companies developing new materials, chemistries, or processes that never achieved manufacturing scale. We conclude that the VC model is broken for the cleantech sector, which suffers especially from a dearth of large corporations willing to invest in innovation. Fortunately, new public and private capital may be on the way after announcements made at the 2015 Paris Climate Change Summit. If a new and more diverse set of actors avoids the mistakes of the cleantech VC boom and bust, then they may be able to support a new generation of cleantech companies."

The publisher of the third featured publication should be "Stanford University Steyer-Taylor Center for Energy Policy and Finance

See more in Global; Energy and Environment

Other Report

Global Economics Monthly August 2016

Author: Robert Kahn

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that markets have absorbed the initial economic shock from Brexit, but navigating the new landscape will remain a challenge. Two months after the vote, the politics of Brexit is producing a lengthy and uncertain renegotiation of Britain’s place in Europe and the world. Such extended uncertainty is likely to produce a long-lasting drag on both UK and European economies, which could ultimately threaten the viability of the European Union (EU).

See more in Europe; Economics

Article

The Problem With Vows to 'Defeat' the Islamic State

Authors: Stephen D. Biddle and Jacob Shapiro
The Atlantic

In recent weeks, ISIS has suffered territorial losses on multiple fronts, including in Iraq, Libya, and Syria. The organization may look nearer to defeat than at any time in the past two years, but there is still a great deal of fighting to be done before the group is destroyed, or more likely beaten back to an underground terrorist organization as it was in 2009.

See more in Iraq; Syria; Counterterrorism

Article

Future Warfare in the Western Pacific

Authors: Stephen D. Biddle and Ivan Oelrich
International Security

Adjunct Senior Fellow Stephen Biddle and his co-author, Ivan Oelrich, argue in the latest issue of the journal International Security that Chinese antiaccess/area denial is a real, but limited long term threat. It can allow China to gain control of its own airspace, it can deny the U.S. wartime freedom of movement across much of the South and East China Seas, and U.S. counter-efforts are unlikely to prevent this in the 2040 time frame on which we focus.

See more in Asia and Pacific; Wars and Warfare

Article

The Costs of an American ‘No First Use’ Nuclear Doctrine

Author: Stephen Sestanovich
Wall Street Journal

The desire to leave an enduring legacy can inspire presidents to do great things — also foolish ones. That Barack Obama is considering a change in strategic doctrine, declaring that the U.S. would never use nuclear weapons first, is the subject of op-eds in the New York Times and Washington Post, of agreat video explainer in The Wall Street Journal, of countless news articles, and of cabinet-level controversy.

See more in United States; Nonproliferation, Arms Control, and Disarmament

Article

The Refugee Problem in New York

Author: Richard N. Haass
Project Syndicate

Every September, many of the world’s presidents, prime ministers, and foreign ministers descend on New York City to mark the start of the annual session of the United Nations General Assembly, writes CFR President Richard N. Haass. This year, they will once again highlight the international community's inability to address a pressing global challenge.

See more in Global; International Organizations and Alliances; Refugees and the Displaced

Article

What a Failed Soviet Coup Can Teach Us About 21st-Century Populism

Author: Stephen Sestanovich
Washington Post

Twenty-five years ago this week, a group of Politburo hard-liners launched a coup against Soviet leader Mikhail Gorbachev. The effort to depose him provoked a gigantic popular protest and collapsed in just three days. With the failure of the coup, the communist system itself began to unravel. “The 20th century” — so claimed Boris Yeltsin, Gorbachev’s rival, rescuer and eventual successor — had “essentially ended.” People power had defeated the Soviet state.

See more in Russian Federation; Conflict Assessment; Diplomacy and Statecraft

Event

Private Sector Innovation and Women’s Entrepreneurship

Presider: Rachel B. Vogelstein
Speaker: Sarah Thorn
Speaker: Jane Nelson

Jane Nelson and Sarah Thorn will discuss strategies to grow women’s entrepreneurship worldwide, with a particular emphasis on the role of the private sector. They will address the importance of public-private partnerships to train female entrepreneurs and facilitate the integration of women-owned businesses into global supply chains. This meeting is part of a high-level series on women and development, generously sponsored by the ExxonMobil Foundation. 

See more in Ivory Coast; Entrepreneurship