Global

Must Read

Journal of Democracy: Breaking the News: The Role of State-Run Media

Authors: Christopher Walker and Robert W. Orttung

"Aside from outliers such as Cuba, North Korea, and Turkmenistan, today's authoritarian regimes do not seek total domination of all the means of mass communication. What they want instead is what we might call "effective media control"—enough for them to convey their strength and puff up their claims to legitimacy while undermining potential alternatives. Such state dominance—whether exerted through overtly state-run or merely state-pliable media outlets—enables regimes to put progovernment narratives front and center while using the power of editorial omission to limit systematic criticism of official policies and actions."

See more in Global; Media and Foreign Policy

Testimony

Federal Reserve Policy and Emerging Markets

Author: Benn Steil

In his testimony before the House Committee on Financial Services' Subcommittee on Monetary Policy and Trade, Benn Steil argues that changes in U.S. monetary policy can have significant impact on emerging-market capital inflows and outflows and that the resulting exchange rate movements against the dollar can have large and rapid effects on the level of inflation and exports.

See more in Global; Monetary Policy

Audio

Savings: The Next Frontier in Financial Inclusion

Speakers: Mary Ellen Iskenderian and Steve Hollingworth
Presider: Isobel Coleman
CFR Senior Fellow Isobel Coleman leads a conversation with Mary Ellen Iskenderian of Women's World Banking and Steve Hollingworth of Freedom from Hunger about how savings are blazing the next frontier in poverty eradication.

See more in Global; Women

Must Read

CRS: Bitcoin: Questions, Answers, and Analysis of Legal Issues

Authors: Craig K. Elwell, M. Maureen Murphy, and Michael V. Seitzinger

"This report has three major sections. The first section answers some basic questions about Bitcoin and the operation of the Bitcoin network and its interaction with the current dollar-based monetary system. The second section summarizes likely reasons for and against widespread Bitcoin adoption. The third section discusses legal and regulatory matters that have been raised by Bitcoin and other digital currencies."

See more in Global; Economics

Ask CFR Experts

Do stronger international institutions necessarily mean a weaker United States?

Asked by Aisling L
Author: Stewart M. Patrick

International institutions provide a platform for promoting, formalizing, and enforcing rules, norms, and regimes that regulate state behavior. As a leader in many of these fora, the United States is well positioned to promote its national interests through multilateral partnerships. Multilateral consensus is uniquely capable of legitimizing U.S. action and spreading burdens of leadership.

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See more in Global; Global Governance

Must Read

Washington Post: Why the Elites Are Rising Up

Author: Jackson Diehl

"[G]lobalization is not merely an economic story. It is accompanied by the spread of freer and more inclusive elections to dozens of countries where they were previously banned or rigged. That has enabled the rise of populists who cater to globalization's losers and who promise to crush the old establishment and even out the rewards. In country after country, they've succeeded in monopolizing the political system. Hence, the elite revolt."

See more in Global; Globalization; Political Movements and Protests