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.
For over six decades, the United States and Pakistan have suffered through a tormented and often tumultuous relationship, one defined at its apex by wartime alliance and at its nadir by stiff U.S. sanctions. In many ways, the period since 9/11 has mirrored that longer history, with expectations inflated and dashed, overblown rhetoric, and in the end, more frustration than satisfaction.
To ensure the success of Myanmar's historic democratic transition, the United States should revise its outdated and counterproductive sanctions policy, according to Priscilla A. Clapp, former chief of mission at the U.S. Embassy in Myanmar.
Panelist: Péter Balázs Panelist: Heidi Crebo-Rediker Panelist: Anand Menon Presider: Laura Zelenko
Experts address the challenges facing the EU today, including an aging population, an influx of refugees, and slow economic growth. Is Europe in the midst of a crisis of democratic governance? Will populism undo the Europe Union? Can Europe handle the challenges of an aging population, an influx of refugees, and slow economic growth?
Panelist: Jaroslaw Cwiek-Karpowicz Panelist: Barbara Lippert Panelist: Stewart M. Patrick Presider: Walter Russell Mead
Experts take a look at the lessons learned from the creation and evolution of the European Union (EU). Faced with unprecedented challenges, the speakers assess how the EU and its antecedent organizations overcame past crises and how those lessons can be applied to the current situation today.
President Barack Obama traveled to Cuba March 20-22, 2016, the first time a sitting U.S. president has traveled to Cuba since 1928. The trip is part of the normalization of relations between the United States and Cuba that began in December 2014. President Obama and Cuban President Raul Castro held a joint press conference and discussed the opening of a U.S. embassy in Cuba, trade relations, and human rights.
President Obama has a clear idea of what unsound foreign policy choices are, which he has real determination to avoid. He has made such understandings and determination the organizing framework of a downsized, less expensive, more risk-averse foreign policy. For better or worse, this is his “doctrine.” It is helping him to clean the policy arena. What it may not do is sustaining the American role in the world that he himself claims to want.
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