“These days, nobody seems to doubt that the U.S. dollar will lose its status as the world’s reserve currency. To watch the financial news channels you would think that the dollar-yuan relationship is so unstable that the only question is whether it will be Ben Bernanke or Chinese monetary authorities who will determine the details of the breakdown. Perhaps the dollar won’t be surrender its anchor role so soon. And perhaps that loss, if it comes, will happen because of events that take place nowhere near men in suits at a central bank. Maybe the answer to the dollar’s riddle can be found in the cellphone photo image of a Tibetan monk in crimson and orange squaring off with a Chinese soldier.” Amity Shlaes looks at the role of China in the future of the US dollar.
During an exclusive interview at the headquarters of the Tibetan government-in-exile in Dharamsala, India, the Dalai Lama talked about his willingness to negotiate with Beijing, his fears for the future, and how some government officials in China have sent him private messages of sympathy.
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The authors argue that it is essential to begin working now to expand and establish rules and norms governing armed drones, thereby creating standards of behavior that other countries will be more likely to follow.
The author examines Pakistan's complex role in U.S. foreign policy and advocates for a two-pronged approach that works to quarantine threats while integrating Pakistan into the broader U.S. agenda in Asia.
Learn more about CFR’s mission and its work over the past year in the 2014 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 »