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.
While globalization has intensified the need for global cooperation, the current global order is fraying. New forms of competition are making international cooperation more difficult and will continue to do so. The sixth Princeton workshop on global governance convened scholars and former policymakers to examine the state of global governance and consider how to correct its shortcomings.
China’s leadership of the Group of Twenty (G20) in 2016 comes at a moment when the role of the G20 itself is being challenged. CFR's Maurice R. Greenberg Center for Geoeconomic Studies and the Asia Global Institute convened a workshop in Hong Kong to assess the agenda facing the G20, why the group had fallen short of expectations in recent years, and whether China’s leadership in 2016 provides an opportunity for renewal.
The flow of data across international borders creates jurisdictional challenges and causes international tensions. Increasingly, countries have responded by imposing new requirements to store data locally, threatening cross-border data flows, which generate approximately $2.8 trillion of global gross domestic product each year. CFR Senior Fellow for Digital Policy Karen Kornbluh argues that the United States should take the lead in addressing these tensions.
South Asia is in the midst of a geopolitical transformation wrought by several simultaneous developments: China’s rise, India’s rise, and attempts by the United States to recalibrate its own strategy to address new power dynamics across the arc of Asia from the Pacific to the Indian Ocean. CFR's Asia program convened a symposium to discuss the new geopolitics of southern Asia.
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that the crisis in Venezuela continues to escalate, with no recovery or relief in sight. A messy and chaotic default looms, and the rescue will likely involve a tough adjustment program, large-scale financing from international policymakers, and deep sacrifices from Venezuela’s creditors and, most of all, the Venezuelan people. China’s role, as Venezuela’s largest creditor, will be critical and precedential for other emerging market commodity exporters with too much debt.
What are the ways in which the Transatlantic Trade Investment Partnership (TTIP) could advance the noneconomic foreign policy interests of the United States, the European Union (EU), and EU member states? The Council on Foreign Relations gathered experts—including current and former policymakers, economists, political scientists, investors, and business representatives—to explore whether and how the still-evolving TTIP could be designed to meet foreign policy objectives.
The global humanitarian regime is not equipped to handle an era of chronic emergencies, accelerating climate change, and revolutions in transportation and information technologies. The International Institutions and Global Governance program held a workshop to assess the shortcomings of humanitarian infrastructure and evaluate prospects for reform.
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that the case for strong and effective Group of Twenty (G20) leadership is as compelling as ever. But if the G20 is to be as effective in noncrisis times as it was in 2008–2009, it needs stronger Chinese leadership, working informally yet closely with the United States—a Group of Two (G2) within the G20. Debt policy is one area where China and the United States should cooperate this year.
Volatile food prices have become a frequent feature of the global economy. The Maurice R. Greenberg Center for Geoeconomic Studies and the International Institutions and Global Governance program at the Council on Foreign Relations convened a score of experts to examine the consequences of past, and future, spikes in global food prices.
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that the International Monetary Fund (IMF) deserves credit for effectively responding to the global and European financial crises. However, the institution will face different and potentially more difficult challenges in the next five years as it struggles to come to terms with a changing international power order and lending rules that are not well suited to address future crises.
What will China’s economic slowdown mean for the globe? The Maurice R. Greenberg Center for Geoeconomic Studies and the Asia Studies program at the Council on Foreign Relations convened a group of experts in economics, finance, government, political science, and military affairs to find out.
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 »
The Summer 2016 issue of CFR's member newsletter, the Chronicle, is a guide to CFR's most important news since July 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