Benn Steil offers a neat and innovative way for the Federal Reserve to reverse its monetary stimulus efforts as the economy recovers, without the worrisome economic and political consequences of having to sell off its massive stock of mortgage-backed securities.
In looking abroad to promote economic growth, Robert Pastor argues the United States need not go further than its two closest neighbors, Canada and Mexico. Leaders of the three countries can build off of NAFTA to create a more seamless market by negotiating a common external tariff, eliminating restrictions on transportation and services, funding new continental infrastructure, and fostering a sense of community among North Americans.
Intervening in Pakistani elections is a losing proposition, CFR Senior Fellow Daniel Markey argues. If pro-American leaders win, they will be tainted by association; if their opponents win, the United States will have alienated potential partners.
A comprehensive guide to how international institutions, governments, and NGOs around the world are attempting to prevent and contain armed conflict. This is part of the Global Governance Monitor, an interactive feature tracking multilateral approaches to several global challenges.
Taxes on oil consumption have long been a legislative third rail, yet concerns about the national debt may soon change that political calculus. Daniel Ahn and Michael Levi demonstrate that energy taxes can reduce the national debt and improve economic performance, all while reducing U.S. oil consumption.
President Barack Obama expanded the Merida Initiative beyond its original military scope but, CFR Senior Fellow Shannon O'Neil notes, implementation will require concerted efforts in both bilateral diplomacy and domestic policy.
Distinguished professors Daniel Deudney and G. John Ikenberry argue that the United States should initiate a new phase of democratic internationalism based on the "pull of success rather than the push of power."
ASEAN is the most significant multilateral institution in Asia but is unequipped to handle the region's most pressing economic and security challenges. CFR Fellow Joshua Kurlantzick makes recommendations for how ASEAN can bolster its capacity—and how the United States can help.
Based on the premise that economic development and environmental protection can be complementary goals, the Global Green Growth Initiative provides technical and policy advice to developing countries. The program faces many challenges, but if successful, it may revolutionize the field of development.
Authors: Scott Bruce, John Hemmings, Balbina Y. Hwang, Terence Roehrig, and Scott A. Snyder
South Korea has emerged as a major contributor to international security, participating in a wide range of activities far from the Korean peninsula. CFR scholars outline several steps that will ensure that South Korea can sustain this broadened role.
Weak rule of law in the developing world deprives countless people of legal rights and economic opportunity. Bridging the public, private, and nonprofit sectors, a global trust could build developing nations' capacity to implement the rule of law, improving human rights and economic outcomes at little cost.
CFR Senior Fellow Thomas J. Bollyky discusses the rise of noncommunicable diseases in low- and middle-income countries, the United Nations' efforts to address this rapidly emerging health problem, and paths for collective action.
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 Independent Task Force outlines a plan for collective action on this growing epidemic.
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 2014 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 »
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