International financial flows have declined significantly since 2008, and world trade is stagnating. Rather than portending a period of de-globalization, Sebastian Mallaby analyzes the data more closely to suggest a reset, not a reversal, of globalization.
Historian Niall Ferguson has won the fifteenth annual Council on Foreign Relations (CFR) Arthur Ross Book Award for Kissinger: 1923-1968: The Idealist (Penguin Press), the first in a two-volume biography of the former national security advisor Henry A. Kissinger, and will receive $15,000. On December 14, CFR will honor Ferguson—a senior fellow at Stanford University’s Hoover Institution and Harvard University’s Center for European Studies—and the other awardees at a cocktail reception hosted by Gideon Rose, editor of Foreign Affairs and chair of the independent award jury.
State fragility poses a significant threat to international security, contributing to conflict onset and relapse, the global refugee crisis, the expansion of extremist groups, and public health emergencies like the Ebola epidemic.
To continue the extraordinary progress of the past fifteen years, the next U.S. administration should further integrate global health, development, and pandemic preparedness into the U.S. national security architecture, write CFR's Thomas J. Bollyky and Eric Goosby, former U.S. AIDS Coordinator and UN Special Envoy on Tuberculosis.
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that the Group of Twenty (G20) policymakers agree on the importance of stronger and more inclusive growth to address growing populism, but disagree on who—central banks, treasuries, or legislatures—should take the lead. This standoff all but guarantees that the global recovery will continue to disappoint.
Authors: Thomas J. Bollyky and Petros C. Mavroidis Columbia Law School, Center for Law and Economic Studies
Global value chains have changed the way that the world trades. The World Trade Organization (WTO) should embrace the confluence of shared social preferences and trade, where it may exist such as digital trade, food and drug safety, and climate smart-agriculture, as a motivation for advancing international regulatory cooperation. To do that, changes to the corporate governance of the WTO are needed to facilitate the use of plurilateral agreements and to multilateralize progress already occurring bilaterally and regionally.
Acclaimed writer and historian Jay Winik has joined the Council on Foreign Relations (CFR) as its first historian-in-residence. A New York Times best-selling author, Winik will spend the year at CFR looking at lessons from history for today’s pressing foreign policy challenges.
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 »