Must Read

World Politics Review: Australia’s Abbott Seeks to Balance Japan, South Korea and China on Asian Trip

Author: Roxana Horton

"Japan and Australia share an important ally in the United States, and lest the U.S. pivot to Asia be forgotten, Japan and Australia reaffirmed the importance of strong U.S. engagement in the Asia-Pacific region and expressed strong support for what the U.S. now calls the rebalance. But how can Australia pull this off without antagonizing Beijing?"

See more in Asia and Pacific; Politics and Strategy

Backgrounder

Driverless Cars

Author: Steven J. Markovich

Tech and auto companies in the United States, Europe, and Asia are moving forward rapidly with efforts to develop driverless cars and street networks. The benefits appear tantalizing, but roadblocks loom, explains this Backgrounder.

See more in Global; Technology and Science

News Release

New CFR Scorecard Shows U.S. Corporate Tax System Keeps Foreign Profits Abroad

Nearly three decades after the last major tax overhaul, both Democratic and Republican parties and President Barack Obama agree that cutting the corporate tax rate and taxing foreign profits differently would move the tax system in the right direction. The outdated corporate tax system does not raise as much revenue as the systems of most other rich countries, even as U.S. corporate profits have reached record highs, according to a new progress report and scorecard from the Council on Foreign Relations' Renewing America initiative.

See more in United States; Tax Policy

Teaching Module

Teaching Notes: Why Growth Matters

In Why Growth Matters: How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries, two preeminent experts on the Indian economy argue that despite myriad development strategies, only one can succeed in alleviating poverty: the overall growth of the country's economy. These teaching notes, by Jagdish Bhagwati, provide an overview of the text and discussion questions for use in the classroom.

See more in India; Development

Op-Ed

Why Putin May Stand Down

Author: Fred Kaplan
Slate

Contrary to appearances, the crisis in Ukraine might be on the verge of resolution. The potentially crucial move came today when interim President Oleksandr Turchynov said that he would be open to changing the country's political system from a republic, with power centered in the capital Kiev, to a federation with considerable autonomy for the regional districts.

See more in Russian Federation; Conflict Assessment

Must Read

Economist: Beneath the Glacier

"The organisations could be a way for the Communist Party to co-opt the energy and resources of civil society. They could also be a means by which that energy challenges the party's power. And so their status has big implications."

See more in China; Politics and Strategy

Video

Globalizing World Requires Transatlantic Partnership and Leadership

Speaker: Wolfgang Schäuble
Presider: Robert M. Kimmitt

With the economic structural reforms enacted in many southern European countries now beginning to show results, German finance minister Wolfgang Schäuble joins Robert Kimmitt of the American Council of Germany to discuss the current state of the European economic recovery.

See more in Germany; Economics; EU

Must Read

Breaking Views: Greece Unbound

Author: Hugo Dixon

"The reopening of the markets to Greece also means it probably no longer faces a funding gap, which the last official projections by its creditors put at 15 billion euros over the next two years."

See more in Europe; Emerging Markets

Transcript

Agricultural Technology and Productivity Continue to Make Gains, Ensure U.S. Food Security

Speaker: Tom Vilsack
Presider: Roger C. Altman

With the 2014 farm bill now enacted into law, U.S. agriculture secretary Tom Vilsack visits CFR to discuss the USDA's policy priorities with Roger Altman of Evercore Partners. Vilsack credits advanced agricultural technology and the productivity of American farmers with maintaining the country's status as a food-secure nation, despite a growing population and a shrinking agricultural sector.

See more in United States; Agricultural Policy

Other Report

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

Foreign Affairs Article

Putin's Lehman Moment

Author: Robert Kahn

Robert Kahn argues that the West should be ready to impose more robust economic sanctions against Russia, in order to deter it from further infiltrating or destabilizing Ukraine. Russia's economic complexity means sanctions would meaningfully reduce Russian wealth and growth, since Russian oligarchs and business leaders have significant financial stakes in the West.

See more in Russia and Central Asia; Sanctions

Must Read

NYT: During Hagel Visit, China Showed Its Military Might, and Its Frustrations

Author: Helene Cooper

"The displays of China's military power reveal some dividends from years of heavy investments, and perhaps a sense that China is now more willing to stand toe-to-toe with the Americans, at least on regional security issues. But American officials and Asia experts say the visits also showed a more insecure side of China's military leadership — a tendency to display might before they are ready to deploy it, and a lingering uncertainty about how assertively to defend its territorial claims in the region."

See more in China; Politics and Strategy