Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that China's growth prospect lies somewhere between hard-landing and muddle-through scenarios. However, uncertainty remains and is already being felt strongly and likely to put increasing pressure on emerging markets through trade contraction and financial contagion. For the United States, fragility in emerging markets is the critical risk and will dominate economic decision-making for months if not years to come.
As a 2009 Council on Foreign Relations (CFR) Contingency Planning Memorandum "Crisis Between Ukraine and Russia" argued, a major Ukraine-Russia confrontation has significant implications for the United States. Despite ongoing diplomatic efforts, few aspects of the Minsk II agreement have been implemented and heavy fighting could resume, precipitating an even deeper crisis between Russia and the West.
The risk of a military confrontation between China and Vietnam is rising, as both countries vie for influence in Southeast Asia and claim disputed areas of the South China Sea. Joshua Kurlantzick explains how the United States should seek to defuse tensions and help avert a serious crisis.
Ukraine faces two severe and immediate challenges: armed pro-Russian separatists in the eastern part of the country and a sharp, nationwide economic deterioration stemming in no small part from that military threat.CFR convened a group of experts to discuss Ukraine’s economic challenges and identify possible ways for outside actors to support Ukrainian policymakers
Deforestation is a major man-made source of greenhouse gas emissions, and is especially significant in countries with large tropical forests. CFR hosted a workshop designed to draw lessons from Brazil’s recent success at limiting deforestation, understand why countries such as Indonesia have so far struggled, and identify ways to further reduce deforestation.
As offensive cyber activity becomes more prevalent, policymakers will be challenged to develop proportionate responses to disruptive or destructive attacks. Tobias Feakin outlines the variables that each state should consider in determining the appropriate response to a state-sponsored cyber incident.
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that China’s request to include its currency, the renminbi (RMB), in an International Monetary Fund (IMF) currency basket, known as special drawing right (SDR), is political as much as economic in intent and effect. The inclusion would signal a milestone in China’s transition to a less-regulated economy.
There is growing risk of a violent uprising in the West Bank that could be costly to Israelis and Palestinians and harmful to U.S. interests. Steven Simon suggests measures to reduce the probability of West Bank violence and minimize its consequences.
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that if Greece exits the eurozone, introducing a new currency could occur quickly; getting broader economic policies right is the more difficult challenge facing the country.
For decades, oil prices have influenced the outlook for alternatives to oil and policies that support those alternatives. Expensive oil makes substitutes more appealing; cheap oil makes the economic case for alternatives that much more difficult. High prices in the 1970s kick-started clean energy, including the first modern electric vehicles, while the oil slump beginning in the 1980s pummeled sources like wind and solar power and undermined the push for more fuel-efficient cars.
In recent years, frugal and reverse innovation have gained attention as potential strategies for increasing the quality and accessibility of health care while slowing the growth in its costs. Thomas J. Bollyky argues that the demand for these types of innovation is increasing and outlines three practical questions for policymakers seeking real investments and results.
Authors: Colin I. Bradford, Toby Dalton, Brendan Howe, Jill Kosch O’Donnell, Andrew O’Neil, and Scott A. Snyder
South Korean opinion leaders have increasingly investigated the idea of the ROK as a middle power as a primary framework for evaluating the opportunities and constraints arising from its emerging international role. The essays commissioned in this volume provide an initial evaluation of South Korean efforts to make substantive contributions to the international agenda as a middle power.
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that the United States should empower the International Monetary Fund and Group of Twenty to better address currency manipulation concerns.
The use of social media and other Internet-enabled communications by the self-proclaimed Islamic State is pushing the United States and other democracies to react to the abuse of liberal freedoms by illiberal forces. CFR Visiting Fellow David P. Fidler outlines ways to counter the Islamic State's online onslaught through policies anchored in free speech, transparency, and accountability.
The potential chaos highlighted by a 2011 Council on Foreign Relations (CFR) Contingency Planning Memorandum, "Post-Qaddafi Instability in Libya," has come to fruition. Daniel P. Serwer outlines the unfolding crisis and recommends steps the United States, Europe, and Arab countries can take to help mitigate the fallout.
Ambiguity in cyberspace—in terms of who is responsible for and the intent of a cyberattack—poses a growing risk of unnecessary military escalation in and outside the cyber domain. Benjamin Brake details how the Obama administration can strengthen its ability to correctly and efficiently attribute an ambiguous attack, reduce the likelihood of its escalation, and mitigate the consequences.
In a new Council Special Report, Enhancing U.S. Support for Peace Operations in Africa, Paul D. Williams argues that greater U.S. involvement is necessary to enhance the quality and success of peacekeeping missions.
As countries around the world struggle to combat major global challenges from terrorism to climate change, a Council of Councils Report Card on International Cooperation finds that multilateral action on most of the critical transnational threats is sorely lacking.
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that it is time for central banks to debate whether a higher inflation target would improve the operation of monetary policy.
India now matters to U.S. interests in virtually every dimension. This Independent Task Force report assesses the current situation in India and the U.S.-India relationship, and suggests a new model for partnership with a rising India.
Rates of heart disease, cancer, diabetes, and other noncommunicable diseases (NCDs) in low- and middle-income countries are increasing faster than in wealthier countries. The report outlines a plan for collective action on this growing epidemic.
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 »
The Fall 2016 issue of CFR's member newsletter, the Chronicle, is a guide to CFR's most important news since August 2016, and includes announcements about new programs, partnerships, fellows, meetings, publications, and members. Read it now.
Now Available: Foreign Policy Begins at Home
The biggest threat to America's security and prosperity comes not from abroad but from within, writes CFR President Richard N. Haass in his provocative new book. More