All CFR Reports

The State of the U.S.-ROK Alliance

The State of the U.S.-ROK Alliance

Author: Han Sung-joo

Han Sung-joo, former South Korean foreign minister and former ambassador of the ROK to the United States, writes on emerging challenges to U.S.-ROK relations as Lee Myung-bak visits the United States this week.

See more in United States; South Korea

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