Other Reports

Various reports from CFR, posted at the discretion of CFR's president and director of studies.

The U.S. system for taxing corporate profits is outdated, ineffective at raising revenue, and creates perverse incentives for companies to shelter profits overseas.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.

See more in United States; Tax Policy

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.

See more in United States; Infrastructure

Author: Thomas Hilliard

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.

See more in United States; Labor

Renewing America

Renewing America

Resilient American Values

Authors: Andrew Kohut and Michael Dimock

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.

See more in United States; Economics; Polls and Opinion Analysis

Renewing America

Renewing America

After Manufacturing

Author: Roland Stephen

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.

See more in United States; Industrial Policy; Manufacturing

Authors: A. Michael Spence and Sandile Hlatshwayo

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.

See more in Labor; United States; Industrial Policy

Author: Daniel P. Ahn

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.

See more in Economics; Oil; Global

Author: Francis E. Warnock

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.

See more in Financial Crises; Budget, Debt, and Deficits; United States

Renewing America

Renewing America

Energy Security

Author: Michael A. Levi

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.

See more in United States; Energy Policy