Charles A. Kupchan says internal renewal is vital to the West's future strength, but moreover, even if the West is able to regain its internal vitality and enlarge its footprint, it will still have to manage the transition to a world with multiple centers of power.
Sebastian Mallaby says that the eurozone's twin temptations--to borrow too much, to raise wages too much--always threatened the cohesion of the currency union. If Greece is rescued from its follies, these temptations will become stronger.
In this Financial Times op-ed, Benn Steil argues that the Fed's aggressive monetary expansion threatens to undermine its unique powers among central banks, and, if continued, will have damaging consequences for America's future prosperity and global political influence.
Learn more about CFR’s mission and its work over the past year in the 2016 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass. Read and download »