Benn Steil's Wall Street Journal op-ed explains the unique historical circumstances in which the Bretton Woods international monetary system emerged in 1944, and why calls for "a new Bretton Woods" today will go unsatisfied.
Jagdish Bhagwati contends that proposals for immigration reform centered on guestworker programs will be unsuccessful in stemming the inflow of undocumented workers.
"The U.S., by what it does and how it does it, ought to set and reinforce a norm that the use of armed drones should be exceptional," argues Richard N. Haass.
With this new American energy renaissance, Meghan L. O'Sullivan says, "The United States needs to rethink its grand strategy; strength in the energy domain can be a major driver of U.S. influence in a world in which American power is more diffuse."
France says it will withdraw from Mali once an African peacekeeping force is in place. To keep Islamists at bay, the United States is considering increasing its military presence in the region. A better approach is to focus on fixing the governance issues that fuel radicalism to begin with, says John Campbell.
Benn Steil's Wall Street Journal Europe op-ed, co-authored with Dinah Walker, argues that the Bank of England is getting "Libored"—that is, misled and manipulated—by the banks benefiting from its Funding for Lending Scheme. The Fed, which has shown interest in the scheme, should beware.
Because a financial crisis can inflict lasting damage to productivity growth, Peter Orszag argues that the failure of U.S. policymakers to enact a "barbell" fiscal policy now could yield more economic troubles down the road.
Benn Steil's column in Dow Jones' Financial News, co-authored with Dinah Walker, shows why last March's Greek debt restructuring left Greece in poor shape to avoid financial collapse
In the nuclear dispute between Iran and the United States, a grand bargain is unlikely given the level of mistrust between the two parties. What's more realistic is a modest compromise that breaches the wall of mistrust and potentially sets the stage for further-reaching arms control measures, says Ray Takeyh.
"What is clear is that there is no shortage of challenges or opportunities beyond America's borders. What may matter most when it comes to this country's national security, though, is whether it can put its own economic and political house in order," says Richard N. Haass.
Jerome A. Cohen argues that whatever form the proposed end of re-education through labour takes, even if it fails to fully comply with China's constitution or its laws, the present situation is likely to be improved.
The author analyzes the potentially serious consequences, both at home and abroad, of a lightly overseen drone program and makes recommendations for improving its governance.
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 and important new book. More