Robert Kahn testified before the Senate Committee on Foreign Relations, describing the crisis risks generated by persistently low oil and gas prices. He argued that the risks are especially acute for energy exporters such as Venezuela and Nigeria, and that such countries need sizable policy adjustments in the immediate future.
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that the International Monetary Fund (IMF) deserves credit for effectively responding to the global and European financial crises. However, the institution will face different and potentially more difficult challenges in the next five years as it struggles to come to terms with a changing international power order and lending rules that are not well suited to address future crises.
In the next five years, the International Monetary Fund (IMF) will face new challenges as it struggles to come to terms with a rapidly changing global marketplace and with lending rules poorly suited for the crises the institution will likely face. These challenges will force the IMF to scrutinize and adjust its lending rules. A broader issue is also at play: financial markets are becoming bigger more quickly than the institution’s resources are, and IMF rescue alone may be insufficient in the future . How the financing burden is shared with other official creditors will help determine whether the fund is an effective leader of the global effort to prevent and resolve economic crises in the coming decades.
Phumzile Mlambo-Ngcuka, under-secretary-general of the United Nations and executive director of UN Women joined the Women and Foreign Policy program’s director, Rachel Vogelstein, to discuss implementation of the post-2015 sustainable development agenda.
Joshua Sharfstein of Johns Hopkins Bloomberg School of Public Health and Alex Tabarrok of George Mason University join CFR’s Thomas Bollyky to discuss the role that generic drug regulation might play in addressing off-patent pharmaceutical pricing concerns.
Protecting the privacy of user data from unauthorized access is essential for business executives, policymakers, and users themselves. But strong privacy protection software is often difficult for nonexperts to use. In this Cyber Brief, Sara "Scout" Sinclair Brody explains how promoting and improving open-source software can go a long way toward strengthening privacy online.
Today, nations increasingly carry out geopolitical combat through economic methods, but United States still too often reaches for the gun over the purse to advance its interests abroad. In Geoeconomics and Statecraft, Robert Blackwill and Jennifer Harris show that geoeconomic warfare requires a new vision of U.S. statecraft.
The combination of new technologies, the perceived failures of liberal economics and democracy in many developing nations, the rise of modern authoritarians, and the success of some of the best-known state capitalists have created an era ripe for state intervention. In State Capitalism, Joshua Kurlantzick ranges across the world—Brazil, China, Russia, South Africa, Thailand, Turkey, and more—and argues that the increase in state capitalism across the globe has, on balance, contributed to a decline in democracy.
Learn more about CFR’s mission and its work over the past year in the 2015 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 »