Benn Steil's essay in the July/August issue of Foreign Affairs looks at the international consequences of U.S. monetary policy action. He argues that developing-nation governments are coming to see the need for engineering current-account surpluses and large dollar-reserve stockpiles as a means of insulating themselves against Fed-induced capital-flow whiplash. As this amounts to "currency manipulation" in the eyes of U.S. policymakers, trade tensions are apt to grow.
The latest eruption of violence in Ukraine has brought its protracted political unrest—rooted in a dispute over strengthening ties with the European Union—to its bloodiest phase yet. This roundup of expert analysis examines the conflict and consequences for regional stability.
Ukraine's Orange Revolution is effectively over, with a pro-Russia prime minister back in power. Yet it is far from clear whether the revolution's undoing will erode pro-democracy gains elsewhere in the post-Soviet space.
Twenty years ago, an explosion at the Chernobyl nuclear plant, which spread radioactivity over Europe, seemed to be the death knell of the industry. But a renaissance of interest in nuclear power is underway, driven by higher energy prices, global warming, new technologies, and, some argue, short memories.
The color may be draining out of Ukraine's "Orange" revolution, with early returns from Sunday's parliamentary elections showing the pro-Russian political bloc ahead of two former pro-democracy allies.
Asked by Isaiah Smith, from Birdville High School Author: Charles A. Kupchan
It is in the interests of the United States to see Ukraine emerge as a stable democracy with strong economic and political ties to the European Union. The United States sides with and supports the Ukrainian opposition—inas much as many of the demonstrators in Ukraine are protesting President Viktor Yanukovych's infringements on democratic practices, his government's use of violence against the demonstrations, and his decision to conclude an economic pact with Russia rather than with the EU.
Ukraine's recently held presidential election has been deemed a success, but the country faces a number of continuing challenges including an ongoing separatist rebellion in the east. Karen Donfried of the German Marshall Fund and CFR Fellows Robert Kahn and Stephen Sestanovich join CFR President Richard N. Haass to discuss the crisis in Ukraine and its implications for U.S. foreign policy.
Stephen Sestanovich, Senior Fellow for Russian and Eurasian Studies at the Council on Foreign Relations and previously ambassador-at-large for the former Soviet Union, and Alexander J. Motyl, professor of political science at Rutgers University–Newark, discuss the consequences of the protests in Ukraine for the country, the region, and the United States.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
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.