Wilson Quarterly's Douglas J. Besharov and Douglas M. Call describe the critical situation of national deficits in the wake of the financial crisis and provide a "menu" of options to Congress for addressing the projected U.S. debt of $123 trillion in 2050.
As India's economy continues its strong rebound from the global economic and financial crisis at the same time that the United States faces high unemployment, fears about a double dip recession, and slower growth, the U.S.-India relationship has become increasingly important for policymakers and businesses in both countries. U.S. Secretary of State Hillary Clinton recently noted that the United States is "laying the foundation for an indispensable partnership. President Obama will use his visit in November to take our relationship to the next level." What are the next steps in the U.S.-India economic relationship? How does India's economic progress shape its global outlook? Where are the domestic and international business opportunities in India? Please join Minister Sharma as he shares his views on India's economy and role in global economic issues, including India's free trade agreements; the rising profile of trade in India's growth story; the U.S.-India economic relationship; and expectations for President Obama's visit.
Benn Steil's September column in Dow Jones' Financial News argues that the "Volcker Rule" will not make insured deposits safer or crises less likely, as traditional bank lending creates riskier maturity mismatches than securities trading.
Sebastian Mallaby argues that even though the odds of a double-dip or a bond-market rout may be roughly equal, bond-market trouble would probably have larger consequences. Therefore the prudent policy is to rein in the stimulus.
Authors: Benn Steil and Paul Swartz Financial News
Benn Steil's August column in Dow Jones' Financial News, co-authored with Paul Swartz, examines the cost of global imbalances from the perspective of the world's leading holders of foreign exchange reserves, China and Japan.
Benn Steil's op-ed in the June 23rd edition of the Financial Times explains why FDR's Treasury in the 1930s cajoled the Chinese to peg to the dollar, in stark contrast to Obama's Treasury today, which wants the peg ended. The ambition the two administrations shared is a weaker dollar.
The authors argue that the United States has responded inadequately to the rise of Chinese power and recommend placing less strategic emphasis on the goal of integrating China into the international system and more on balancing China's rise.
Campbell evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
Learn more about CFR’s mission and its work over the past year in the 2015 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 »