All CFR Reports

Doubts About Capital Controls

Doubts About Capital Controls

Author: Francis E. Warnock

China's policy of holding down the value of its currency and monetary easing in the United States have led to large capital inflows into emerging economies. Although consensus in emerging markets has formed around capital controls, Francis E. Warnock challenges their underlying assumptions.

See more in International Finance; Monetary Policy; Global

The Evolving Structure of the American Economy and the Employment Challenge

The Evolving Structure of the American Economy and the Employment Challenge

Authors: A. Michael Spence and Sandile Hlatshwayo

Many low-paying jobs have moved from the United States to rapidly growing markets abroad, and higher-paying jobs may soon follow. While Americans benefit from cheaper goods, employment opportunities have diminished. Policymakers should address this trade-off as a first step toward tackling questions of inequality and economic distribution.

See more in Labor; United States; Industrial Policy

Improving Energy Market Regulation: Domestic and International Issues

Improving Energy Market Regulation: Domestic and International Issues

Author: Daniel P. Ahn

High and volatile energy prices have driven the regulation of commodity financial markets to the forefront of the U.S. and G20 policy agendas. Integrated commodity markets require international policy coordination, but not all domestic and international policy initiatives are equally desirable.

See more in Economics; Oil; Global

U.S. Strategy for Pakistan and Afghanistan

U.S. Strategy for Pakistan and Afghanistan

This Independent Task Force report assesses U.S. objectives, strategy, and policy options in Pakistan and Afghanistan. It supports a long-term partnership with Pakistan, calls for a new approach to Afghan political reform, reconciliation, and regional diplomacy, and says that a more limited U.S. mission in Afghanistan would be warranted if the present strategy does not show signs of progress. This report is also available in Italian.

See more in Afghanistan; Pakistan; Nation Building; Politics and Strategy