Twenty years ago, the United States was the world’s largest creditor nation, unsurpassed in its ownership of assets outside of its borders, even after deducting what foreigners owned inside its borders. Yet over the past two decades, America has been transformed into the world’s largest debtor nation.
People naturally disagree about who is responsible for the partisan tone and tactics in Washington, DC, these days, but most agree on this: It's worse, it's more intense, and it's nastier. And few on either side are enjoying it much.
Authors: Major General William L. Nash and Amelia Branczik
This report identifies the principal steps that the United States can take to secure the investment it has made in the western Balkans and facilitate the region's progress toward its rightful destiny within the EU. In doing so, Forgotten Intervention? lays out a straightforward and doable strategy for the United States that will pay dividends.
The United States can improve its image in the Muslim world. Focus group research in three key Islamic countries--Egypt, Morocco, and Indonesia--shows that the widely held view that nothing can be done about the spread of negative attitudes toward the United States among Muslims in the Middle East and Asia is incorrect. The key to a new dialogue with the Muslim world is a humbler American perspective, based on respectful partnership and agreeing to disagree when necessary.
This report identifies the principle issues to be addressed in Iraq's constitution. It recommends power-sharing arrangements between Iraq's national government and federal Iraqi state governments. It proposes a role for the United States and the United Nations to play in this process, and suggests ways the Iraqi government can encourage cooperation with Iraq's neighbors.
This Council Special Report decries the tragically slow global response to the unrest in Sudan's Darfur region, stating that it shows that the international community still lacks the capacity to deal effectively with humanitarian crises. Looking at Darfur in the context of lessons learned from Rwanda, the report recommends ways to end the Darfur crisis and avoid future ones.
Africa, mired in poverty, the HIV/AIDS pandemic, and armed conflict, has rightfully occupied a prominent place in the G8’s agenda over the past several years. This report, written in anticipation of the G8’s June 2004 summit at Sea Island, Georgia, highlights the need for the G8 to maintain a strong partnership with Africa, even as the world’s attention turns increasingly to the Middle East.
The Bush administration’s $15 billion AIDS initiative has received much attention for its boldness and size. But, according to this indispensable Council Special Report, it will not succeed unless it is folded into a broader and longer-term commitment to developing basic health systems in affected countries. To successfully battle AIDS--one of the most pressing threats known to mankind--the effort must also go beyond health to address social and economic factors that drive the spread of the disease.
As a victim of terrorism and the strongest supporter of U.S. counterterrorism policy among the members of the Association of Southeast Asian Nations, the Philippines already plays a vital role in preserving American security. With anti-Americanism on the rise in South Korea and Japan, the United States may need to depend more on the Philippines to fulfill its objectives in Asia. This report assesses the political, economic, and strategic situation in the Philippines following the 2004 elections and recommends steps that the United States and the Philippines should take to strengthen their economic and military ties.
Georgia is strategically important to the United States in the war on terror and an indispensable transit point for energy supplies between Asia and Europe. Though the country’s November 2003 “revolution of roses” is the most positive event to have occurred in the countries of the former Soviet Union in more than a decade, Georgia is entering an unstable period of transition as its new government tries to promote national coherence among the country’s ethnic groups and takes steps to dismantle the corrupt power structure that thrived under former president Eduard Shevardnadze. This timely report, written by an expert on conflict prevention in the Caucasus, recommends steps the United States and the international community can to take to bolster President Mikhail Saakashvili as well as moves his government should make in the short and long term.
Venture capital (VC) firms spent over $25 billion funding clean energy technology (cleantech) start-ups from 2006 to 2011 and lost over half their money; as a result, funding has dried up in the cleantech sector. In this report, we present the most comprehensive account to date of the cleantech VC boom and bust, aggregating hundreds of investments to calculate the risk/return profile of cleantech, compared with those of medical and software technology investments. The results are stark—cleantech offered VCs a dismal risk/return profile, dragged down by companies developing new materials, chemistries, or processes that never achieved manufacturing scale. We conclude that the VC model is broken for the cleantech sector, which suffers especially from a dearth of large corporations willing to invest in innovation. Fortunately, new public and private capital may be on the way after announcements made at the 2015 Paris Climate Change Summit. If a new and more diverse set of actors avoids the mistakes of the cleantech VC boom and bust, then they may be able to support a new generation of cleantech companies."
The publisher of the third featured publication should be "Stanford University Steyer-Taylor Center for Energy Policy and Finance
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that markets have absorbed the initial economic shock from Brexit, but navigating the new landscape will remain a challenge. Two months after the vote, the politics of Brexit is producing a lengthy and uncertain renegotiation of Britain’s place in Europe and the world. Such extended uncertainty is likely to produce a long-lasting drag on both UK and European economies, which could ultimately threaten the viability of the European Union (EU).
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that summer has seemingly brought a new optimism about the Russian economy. Russia’s economic downturn is coming to an end, and markets have outperformed amidst global turbulence. But the coming recovery is likely to be tepid, constrained by deficits and poor structural policies, and sanctions will continue to bite. Brexit-related concerns are also likely to weigh on oil prices and demand. All this suggests that Russia’s economy will have a limited capacity to respond to future shocks.
CFR hosted a workshop to explore how globalized production patterns are evolving, the risks they face, and how companies and countries can improve compliance and resilience across supply chains through new trade standards, legal regimes, and policies.
Delegates from twenty countries discuss how best to address challenges posed by growing geopolitical rivalries, opposition to globalization, dramatic refugee flows, divergent views on global economic governance and international internet regulation, and the absence of a region-wide security architecture in Asia.
Experts at a CFR-Lowy Institute workshop discuss Southeast Asian views of U.S.-China competition across a range of issues, including maritime disputes, trade and investment, and transnational security challenges.
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 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 »
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