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 broad-sweeping look at international efforts to prevent 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.
Ash Jain proposes the creation of the D10—an institution composed of "like-minded and capable democracies" to improve the ability of the United States and its allies to make progress on a host of transnational issues.
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.
Daniel Drezner assesses international financial governance and concludes that, contrary to conventional wisdom, evidence suggests that global governance structures responded to the 2008 financial crisis robustly.
The authors argue that it is essential to begin working now to expand and establish rules and norms governing armed drones, thereby creating standards of behavior that other countries will be more likely to follow.
The author examines Pakistan's complex role in U.S. foreign policy and advocates for a two-pronged approach that works to quarantine threats while integrating Pakistan into the broader U.S. agenda in Asia.
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