Each year, U.S. state and local governments waste tens of billions of taxpayer dollars competing to lure or retain business investment, with little impact on business behavior. Edward Alden and Rebecca Strauss lay out incremental steps for curbing the subsidy war, beginning with greater disclosure and cost-benefit analyses, and building up to a multistate agreement that creates strong disincentives for continuing subsidies.
Dangerous incidents in outer space pose an increasing threat to U.S. assets and risk escalating into militarized crises. Douglas Dillon Fellow Micah Zenko details how the Obama administration could reduce the likelihood of such crises, or mitigate their consequences should they occur.
By developing a stronger understanding of what works and what does not in combatting child marriage, policymakers and civil society leaders will be better equipped to end child marriage. Senior Fellow Gayle Tzemach Lemmon and Research Associate Lynn S. ElHarake identify the drivers of child marriage and the factors that can curb it.
The U.S. system for taxing corporate profits is outdated, ineffective at raising revenue, and creates perverse incentives for companies to shelter profits overseas. It is also, for most U.S. companies most of the time, a pretty good deal, which is one of the big reasons why any serious overhaul will be so difficult to achieve.
CFR Senior Fellow Steven A. Cook outlines the risk factors and warning signs of a solvency crisis in Egypt in this Contingency Planning Memorandum and offers policy options to prevent such a crisis or mitigate its consequences.
To advise state and local government on how best to use private investment and build more critical infrastructure in a cost-effective way, Heidi Crebo-Rediker recommends the federal government create a new advisory unit within the Treasury Department called "Infrastructure USA."
Benn Steil and Dinah Walker argue that the ECB's bank stress tests will roil rather than calm markets if recapitalization funds are not set aside in advance, as they were in the case of the highly successful U.S. tests in 2009.
Charles Berger argues that the United States should fund the establishment of a permanent terrorist rehabilitation institution in Yemen, providing a critical counterterrorism partner with a needed strategic capability to counter al-Qaeda in the Arabian Peninsula and forming the cornerstone of a strengthened intelligence-sharing relationship.
Daniel S. Markey examines Pakistan's complex role in U.S. foreign policy and advocates for a two-pronged approach that works to confront and quarantine immediate threats to regional security while simultaneously attempting to integrate Pakistan into the broader U.S. agenda in Asia.
Tod Lindberg defends the concept of the international community. At its best, the international community represents the embodiment of liberal normative ideals exerting an influence on international politics, though its many invocations may fall short in encapsulating this ideal.
Elliott Abrams argues that U.S. policy toward the Israeli-Palestinian peace process should focus on pragmatic, achievable goals rather than raising expectations for a comprehensive peace settlement that is not now attainable.
The Center for Preventive Action's annual Preventive Priorities Survey (PPS) evaluates ongoing and potential conflicts based on their likelihood of occurring in the coming year and their impact on U.S. interests. The PPS aims to help the U.S. policymaking community prioritize competing conflict prevention and mitigation demands.
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 Independent Task Force outlines a plan for collective action on this growing epidemic.
Campbell evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
Koblentz argues that the United States should work with other nuclear-armed states to manage threats to nuclear stability in the near term and establish processes for multilateral arms control efforts over the longer term.
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.
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