The U.S. system for taxing corporate profits is outdated, ineffective at raising revenue, and creates perverse incentives for companies to shelter profits overseas.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.
The scorecard infographic and accompanying progress report, "Trading Up: U.S. Trade and Investment Policy," analyzes the overall health of the U.S. economy by focusing on shifts in global trade and foreign direct investment in the United States.
There has never been greater urgency for expanding and improving U.S. workforce training programs. In this Working Paper, Thomas Hilliard argues that the federal government should corral the country's siloed and disjointed workforce-development programs in line with a common national strategy.
The scorecard infographic and accompanying progress report, "Remedial Education: Federal Education Policy," highlights the main challenges facing the U.S. education system and assesses whether federal education policy is effectively addressing them.
Despite an extended period of economic difficulty, Pew pollsters Andrew Kohut and Michael Dimock show that Americans' core values and beliefs about economic opportunity remain largely optimistic and unchanged.
Latino immigrant entrepreneurs are set to tap rapidly expanding Latino markets at home and abroad. Starr explains what governments at all levels should do to unlock their full entrepreneurial potential.
A broad-sweeping look at international efforts to improve public health. This is part of the Global Governance Monitor, an interactive feature tracking multilateral approaches to several global challenges.
In the first installment of the Renewing America Progress Report and Scorecards, "Road to Nowhere: Federal Transportation Infrastructure Policy" provides a critical assessment of federal transportation policy, including background on major policy initiatives and analysis of what's needed to start moving forward.
North Carolina, which was struck harder by the loss of manufacturing than any other state, offers a realistic guide for communities across the United States with how best to adapt to this new era of growing international competition.
Many low-paying jobs have moved from the United States to rapidly growing markets abroad, and higher-paying jobs may soon follow. While Americans benefit from cheaper goods, employment opportunities have diminished. Policymakers should address this trade-off as a first step toward tackling questions of inequality and economic distribution.
High and volatile energy prices have driven the regulation of commodity financial markets to the forefront of the U.S. and G20 policy agendas. Integrated commodity markets require international policy coordination, but not all domestic and international policy initiatives are equally desirable.
This study examines low-carbon technology innovation and absorption in China, India, and Brazil. It recommends a course for U.S. policy that promotes accelerated innovation and adoption of new technologies while protecting U.S. commercial interests.
This second installment of the Capital Flows Quarterly series investigates two factors that could substantially alter the long-run value of the U.S. dollar: the dollar's reserve status and the sustainability of U.S. international debt.
What is energy security? On April 12-13, the Council on Foreign Relations convened academics, policymakers, and industry experts to assess the security implications of the way the world produces and consumes oil and natural gas. The workshop aimed to explore important issues at the intersection of oil, gas, and national security, and identify areas for future research. The first day focused on assessing the state of knowledge on energy and security, while the second explored U.S. policy options going forward. This summary report presents a broad agenda for energy security research that emerged from the meeting.
The dollar's status as the world's reserve currency has become a facet of U.S. power, allowing the United States to borrow effortlessly and sustain an assertive foreign policy. But the capital inflows associated with the dollar's reserve-currency status have created a vulnerability, too, opening the door to a foreign sell-off of U.S. securities that could drive up U.S. interest rates. In this Center for Geoeconomic Studies Capital Flows Quarterly, Francis E. Warnock argues that a sell-off came close to happening in 2009. How the United States uses this reprieve will affect the nation's ability to borrow for years to come, with broad implications for the sustainability of an active U.S. foreign policy.
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.