Each year, state and local governments in the United States spend more than $80 billion, or roughly 7 percent of their total budgets, on tax breaks and subsidies to attract investments from auto companies, movie producers, aircraft makers and other industries. Edward Alden and Rebecca Strauss explore the possiblity of ending such compensation.
Peter R. Orszag argues that much of the recent acceleration in U.S. health-care spending is temporary, but he cautions that the acceleration could become permanent if U.S. policy makers do not move more quickly to shift health-care payments to a fee-for-value basis.
The tragedy of Iran is that it may not be able to reach an agreement over its nuclear program even when it knows it needs one. The Islamic Republic's political class knows its hold on power depends on sustained economic growth, and that in turn requires a resolution of the nuclear issue.
Richard Haass writes, "the concept that should inform American foreign policy is one that the Obama administration proposed in its first term: the pivot or rebalancing toward Asia, with decreasing emphasis on the Middle East," in the Wall Street Journal.
Emerson Brooking discusses the difficulty—and necessity—of proposed defense spending reductions in the FY15 National Defense Authorization Act. In the long run, national security is a function of economic health, not just military power.
As the 2014 World Cup approaches, Julia Sweig relfects, in her column, on the links between Brazil's consolidation as a major power and its ascendance in American academic thought, and posits the World Cup as an opportunity to crystallize Brazil's emergence.
Questions have arisen in recent months about the sustainability of the United States' rebalance toward Asia. The costly cancellation of President Obama's trip to the region during the U.S. government shutdown last fall fueled that skepticism, which has only grown as urgent foreign policy challenges have required U.S. leadership in the Middle East and Europe.
In Project Syndicate, Richard Haass writes: "The strategy needed to resist Putin's efforts to expand Russia's influence beyond its borders – and to induce change within them – resembles nothing so much as the 'containment' doctrine that guided Western policy for the four decades of the Cold War."
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.