Authors: Thomas J. Bollyky and Petros C. Mavroidis Journal of International Economic Law
Global value chains have changed the way that the world trades. The World Trade Organization (WTO) should embrace the confluence of shared social preferences and trade, where it may exist such as digital trade, food and drug safety, and climate smart-agriculture, as a motivation for advancing international regulatory cooperation. To do that, changes to the corporate governance of the WTO are needed to facilitate the use of plurilateral agreements and to multilateralize progress already occurring bilaterally and regionally.
Writing in the Financial Times, Philip Gordon argues that the Geneva talks on Syria must prioritize a ceasefire in place over more ambitious questions of constitutional reform and political transition.
When then-President Bill Clinton signed the North American Free Trade Agreement in a White House ceremony in December 1993, he called it “a defining moment” for the United States and praised Mexico and Canada as “our partners in the future that we are trying to make together.” All three countries had made what then seemed like an irreversible decision to marry their economic futures. Yet today, less than a quarter-century later, those bonds are badly fraying.
Benn Steil and Emma Smith show how China mirrors the U.S. “exorbitant privilege” from minting the world’s primary reserve currency. While the United States is deeply indebted to the rest of the world, it still earns far more abroad than it pays out. China, in contrast, has become the world’s largest creditor while paying foreigners far more than it receives. Steil and Smith argue that China is making itself vulnerable to financial crisis by massively subsidizing its geostrategic objectives.
Prime Minister Netanyahu is visiting Washington this week. In The Weekly Standard, Elliott Abrams discusses how he and President Trump will handle Jerusalem, Iran, and the "peace process" when they meet.
Though retired U.S. Army Colonel Derek Harvey, who oversees Middle Eastern affairs in the National Security Council, has mainstream ideas about combatting extremism, containing Iran, and stabilizing Iraq, his underlying ideas about how to achieve these goals are either confused, uninformed, or burdened with unhelpful ideology, writes CFR’s Steven A. Cook.
In a special section of Global Policy edited by Miles Kahler, five authors examine the opportunities and risks presented by regional institutions across five issue areas: finance, trade, development lending, human rights, and peace operations.
A fourth presidential bid loss by Kenyan opposition leader and former Prime Minister Raila Odinga could cost him the confidence of his base, and if by a close margin or because of perceived voting irregularities, could ignite the kind of ethnic violence seen after Kenya's 2007 election and narrowly avoided after its 2013 race, argues CFR's Tiffany McGriff.
Northeast Asia is facing profound political uncertainty: South Korea is immobilized by a political scandal that has resulted in the impeachment of its president and ensnared top business elites; Japan has been left high and dry after U.S. President Donald Trump abandoned the Trans-Pacific Partnership, arguably the country’s best chance at growth; and North Korea is getting closer and closer to becoming a nuclear power. And no one knows what President Trump's "America First" agenda means for the country's Asian allies. What both Japan and South Korea need right now is assurance from the United States that its alliances are a priority. In his first overseas trip as the new Secretary of Defense, General James Mattis will be sure to affirm that commitment.
Philip Gordon, along with James Dobbins and Jeffrey Martini of RAND, presents a plan for de-escalation in Syria based on a national ceasefire, agreed zones of control backed by outside powers, and the international administration of Raqqa province.
“Uncertainty abounds on the economic and strategic fronts in the coming year, but the biggest unknown for the bilateral relationship will be the new US president and his approach to Asia,” writes CFR Senior Fellow Sheila Smith.
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 2016 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 Fall 2016 issue of CFR's member newsletter, the Chronicle, is a guide to CFR's most important news since August 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