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Council Special Report

The National Interest and the Law of the Sea

by Scott G. Borgerson
Seaborne commerce remains the linchpin of the global economy. And beyond trade, a host of other issues, ranging from climate change and energy to defense and piracy, ensure that the oceans will hold considerable strategic interest well into the future. In this report, Scott G. Borgerson explores an important element of the maritime policy regime: the United Nations Convention on the Law of the Sea. He examines the international negotiations that led to the convention, the history of debates in the United States over whether to join it, and the strategic importance of the oceans for U.S. foreign policy today.
Other Report

HIV and National Security: Where Are the Links?

by Laurie Garrett
The HIV/AIDS pandemic is affecting the security of states throughout the world, weakening economies, government structures, military and police forces, and social structures. This is the principal conclusion of the Council Report, HIV and National Security: Where Are the Links?
Other Report

Smart Countries, Foolish Choices

by Amity Shlaes, Gaurav Tiwari
Intuition tells us that oil-rich countries are not friendly to the United States, and that entreprenurial-or "smart"-countries are not endowed with oil. In this Center for Geoeconomic Studies Working Paper, the authors find a triangular relationship between oil wealth, entrepreneurial spirit, and friendliness to the United States. They confirm the idea that "oily" countries are not U.S.-friendly, in contrast to smart countries, which are friendly to the United States and do not have oil. The authors conclude that it is in the U.S. interest to support education and economic diversification in petro-states so those states can become more entrepreneurial and friendly.
Other Report

U.S. Trade Strategy: Free Versus Fair

by Daniel W. Drezner
This Critical Policy Choice, in the form of a memorandum to the president, suggests two alternative approaches the United States could take to trade policy.
Other Report

Private Capital Flows, Emerging Economies and International Financial Architecture (A CFR Paper)

by Glenn Yago
This report suggests that the control of capital in the developed world continues to shift away from private and state-owned institutions and toward public markets. Thereore, small and medium-sized firms with the best prospects for innovation and income/wealth generation need to be liberated from their dependence upon bank-based financial systems. They must also have the ability to turn to market-based systems with access to institutional capital providers at home and abroad.