Benn Steil's latest op-ed in the Wall Street Journal, co-authored with Dinah Walker, shows that developing countries running large current account deficits have seen their economies whipsawed by volatile capital flows triggered by unconventional monetary policy at the Fed and elsewhere in the developed world. The clear lesson for such countries is that they should pursue policies which constitute "currency manipulation" in Washington, thereby setting the stage for rising global trade tensions.
It's time to get tougher with China. That's the refrain heard just a bit louder here and in Asia after China's imposition of an air ID zone over disputed islands and the Biden trip, writes Leslie H. Gelb.
It has been a generation since our country last had a robust conversation about combatting poverty. Now is the time to reinvigorate that conversation, not cut needed benefits, write Robert E. Rubin, Roger C. Altman, and Melissa Kearney.
While a fresh face at the helm of the Pakistani military undoubtedly raises American hopes for a less frustrating relationship, Daniel Markey writes that Washington should keep its expectations firmly in check and at least one eye out for trouble.
"Mandela's example is a ringing endorsement of what is derisively known as the "great man school of history"–the notion that influential individuals make a huge difference in how events turn out," writes Max Boot.
The Obama administration has embraced the most ambitious agenda on trade and investment liberalization in the past two decades, but more must be done to remove trade barriers in services, which is where the United States is most competitive, according to Ted Alden.
"Conflict prevention's placement as a policy goal deep within the National Security Strategy (NSS), and the lack of specificity about how this is pursued, says a lot about how the U.S. government thinks about preventing future wars," Micah Zenko writes. Heprovides a series of recommendations to address under-prioritization and under-development of conflict prevention in U.S. policies and strategies.
In the wake of the preliminary accord reached with Iran, Julia Sweig proposes that the Obama administration pursue a diplomatic resolution to another vexing element of U.S. foreign affairs: the relationship with Cuba.
Robert D. Blackwill reviews The Blood Telegram, by Gary Bass, a text that smears Richard Nixon and Henry Kissinger as "heartless villains" of Pakistan's political stalemate and human rights crisis in the 1970s.
"In the coming weeks, Thailand's political crisis is likely to escalate, not de-escalate, ultimately resulting in either a snap election or some kind of extraconstitutional removal of the government," writes Joshua Kurlantzick.
Following recent decisions made during a meeting of the Afghan grand assembly, Gayle Lemmon discusses how Afghans, U.S. foreign policy leaders, and others are working to shift the international perception of the Afghanistan war from one of hopelessness to one that reflects the strides the country has taken in economic growth, development progress, and human rights.
There is a "total omission of Israel's nuclear weapons in U.S. policy debates about confronting Iran," writes Micah Zenko. In his latest article, Micah discusses the unspoken threat of Israel's nuclear arsenal, which the country has long refused to acknowledge.
"The best means of guaranteeing adherence is to make certain that sanctions relief is always provisional and can be reconstituted if Iran violates its obligations," writes Ray Takeyh about the West's nuclear deal with Iran.