With oil at $100, what do we know about how the big oil exporters are managing their petrodollars? In this paper for RGE Monitor, Brad Setser and Rachel Ziemba examine the different GCC funds and estimate that total Gulf investment abroad exceeded $2 trillion in 2007. One surprising conclusion that emerges from their analysis is that the Gulf as a whole has not diversified away from the dollar.
Recent gains by al-Qaeda's main offshoot in Iraq, the Islamic State of Iraq and the Levant (ISIS), are dangerous and discouraging. ISIS control of Fallujah is particularly disheartening, given the U.S. blood spilled to liberate this city in 2004. ISIS occupation of cities such as Fallujah and Ramadi in western Iraq, and Raqqa in eastern Syria, are part and parcel of a plan to destroy the Iraqi state and to create an Islamic caliphate. Important U.S. interests in Iraqi stability and regional security are at stake.
John Campbell, CFR’s Ralph Bunche senior fellow for Africa policy studies, discusses the political and security implications of Nigeria’s Independent National Elections Commission’s decision to postpone the February 14, 2015 presidential elections until March 28, 2015, as part of CFR's Academic Conference Call series.
Listen to Ivo Daalder, former U.S. permanent representative to NATO and president of the Chicago Council on Global Affairs and Michael McFaul, former U.S. ambassador to Russia and professor of political science at Stanford University discuss NATO's role in addressing global challenges, including Afghanistan, Ukraine, and ISIS.
Stephen Bosworth of Tufts University and Korea University's Han Sung-Joo join Richard Bush of the Center for East Asia Policy Studies to discuss the history of nuclear negotiations with North Korea and outline the potential policy options going forward.
Speaker: Song Min-soon Presider: Stephen W. Bosworth
Listen to Song Min-soon, minister of foreign affairs and trade for the Republic of Korea, discuss security issues in Northeast Asia, with specific regard to the Six-Party Talks and the upcoming South-North summit.
The Association of Southeast Asian Nations brings disparate neighbors together to address economic, security, political, and social issues. This Backgrounder looks at how the group has evolved over nearly fifty years.
The African Union succeeded the old Organization for African Unity (OAU) in 2002. Since then, the new institution has struggled to reform governing bodies inherited from the OAU while shouldering challenging new peacekeeping missions.
Eurasia's Shanghai Cooperation Organization has expanded its agenda to include wide-reaching security and economic initiatives, but it remains to be seen if the bloc's members can develop and implement unified policy.
The new prime minister of Japan, Shinzo Abe, faces the difficult task of mending frayed relations with China and South Korea. Experts say that Abe has made initial progress, but the North Korea nuclear test presents new challenges for northeast Asian relations.
Australia is assuming a more prominent role in Pacific Rim security affairs, increasingly deploying forces to troubled states in the region in an attempt to stabilize them. While its moves are welcomed by some of its neighbors, others are wary of Canberra's strong military and its close relationship with Washington.
Japan and South Korea are Western-style democracies with open-market economies committed to the rule of law. They are also U.S. allies. Yet despite their shared interests, shared values, and geographic proximity, divergent national identities have driven a wedge between them. Drawing on decades of expertise, Scott A. Snyder and Brad Glosserman investigate the roots of this split and its ongoing threat to the region and the world.
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 »