United States

Article

Will Brexit Affect U.S. Consumer Confidence? The Outcome May Determine Our Next President

Authors: Benn Steil and Emma Smith
PBS NewsHour

Benn Steil’s June 24 op-ed on the PBS NewsHour Making$ense site, co-authored with Emma Smith, shows the strong relationship between consumer confidence and presidential elections going back to 1952. Current readings suggest an 80% chance of a Clinton victory, but the Brexit aftermath threatens to knock that down significantly.

See more in United States; United Kingdom; Elections; International Organizations and Alliances

Foreign Affairs Article

American Political Decay or Renewal?

Author: Francis Fukuyama

Two years ago, I argued in these pages that America was suffering from political decay. The country’s constitutional system of checks and balances, combined with partisan polarization and the rise of well-financed interest groups, had combined to yield what I labeled “vetocracy,” a situation in which it was easier to stop government from doing things than it was to use govern­ment to promote the common good.

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Foreign Affairs Article

The Case for Offshore Balancing

Authors: John J. Mearsheimer and Stephen M. Walt

For the first time in recent memory, large numbers of Americans are openly questioning their country’s grand strategy. An April 2016 Pew poll found that 57 percent of Americans agree that the United States should “deal with its own problems and let others deal with theirs the best they can.” 

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Policy Innovation Memorandum No. 57

Reconfiguring USAID for State-Building

Authors: Max Boot and Michael Miklaucic

The United States needs a civilian capacity to foster better-functioning institutions in chaotic countries, and the U.S. Agency for International Development (USAID) should lead that effort. To embrace a state-building mission, however, USAID will have to be transformed. Max Boot and Michael Miklaucic argue that the agency will need to do less but do it better, and limit its efforts to strategically important states while enhancing its focus on building core state functions. 

See more in United States; Foreign Aid; Nation Building

Video

Trade and the U.S. Presidential Election

The next president's trade policy will affect millions of Americans, as well as the health and competitiveness of the country’s economy. This video breaks down the decisions the president will face in developing a trade policy that promotes growth, while helping Americans adjust to new competition and ensuring regulatory standards.

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Article

America Must Play the Geoeconomics Game

Author: Robert D. Blackwill
National Interest Online

Ambassador Robert Blackwill discusses the rise of geoeconomics in modern statecraft. Blackwill argues that the United States, historically a geoeconomic powerhouse, is no longer adept at pursuing its national interests through the use of geoeconomic instruments, and suggests a path to restore geoeconomics to its rightful role in American grand strategy.

See more in United States; Economics; Diplomacy and Statecraft

Foreign Affairs Article

Making America Great Again

Authors: Jacob S. Hacker and Paul Pierson

At a debate among the Republican presidential candidates in March, U.S. Senator Ted Cruz of Texas boiled down his campaign message to its essentials: “Here’s my philosophy. The less government, the more freedom. The fewer bureaucrats, the more prosperity. And there are bureaucrats in Washington right now who are killing jobs and I’ll tell you, I know who they are. I will find them and I will fire them.”

See more in United States; Economics

Foreign Affairs Article

The Once and Future Superpower

Authors: Stephen G. Brooks and William C. Wohlforth

After two and a half decades, is the United States’ run as the world’s sole superpower coming to an end? Many say yes, seeing a rising China ready to catch up to or even surpass the United States in the near future. By many measures, after all, China’s economy is on track to become the world’s biggest, and even if its growth slows, it will still outpace that of the United States for many years.

See more in United States; China; Economic Development

Foreign Affairs Article

The Fed's Unconventional Monetary Policy

Author: Martin S. Feldstein

Now, almost a decade after the Great Recession hit, the story of its origins and course has become familiar. It began in December 2007, soon after the U.S. housing bubble burst, triggering the widespread collapse of the U.S. financial system. Credit dried up, as banks lost confidence in the value of their assets and stopped lending to one another.

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Op-Ed

After Orlando, a Long War

Author: Max Boot

The massacre at a gay nightclub in Orlando—the worst act of terrorism on American soil since the attacks of 9/11—had barely ended when the debate over its significance began. As usual, the political class divided into competing camps, with liberals predictably claiming that the real issue is gun control and conservatives just as predictably claiming that the real issue is radical Islam. There wasn’t even agreement over whether this was a hate crime or an act of terrorism. (Why couldn’t it be both?)

See more in United States; Terrorism