Greenberg Center for Geoeconomic Studies Publications Archive
If the world is to avoid climate calamity, it needs to reduce its carbon emissions drastically by the middle of this century—a target that is simply out of reach with existing technology. Varun Sivaram and his co-author present the case for a massive investment in clean energy research and development to reach that goal.
See more in Global; Renewable Energy
Why U.S. Trade Deals Haven't Exported U.S. Drug Prices
See more in Asia and Pacific; United States; Treaties and Agreements; Pharmaceuticals and Vaccines
Robert E. Litan and Hal Singer examine future scenarios and the multiple possibilities for the future of net neutrality regulations.
See more in Global; Internet Policy
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.
See more in Global; International Finance; International Organizations and Alliances
Benn Steil and Emma Smith’s article explains the difference between using rate hikes and balance-sheet reductions to tighten monetary policy and shows why Richard Koo is mistaken in arguing for the Fed to do the latter.
See more in United States; Monetary Policy
When oil prices plunged in 2014, many analysts predicted that major exporters would have to drastically cut supply or else risk fiscal and geopolitical instability. Michael Levi explains why these predictions have been proven wrong.
See more in Global; Oil; Financial Markets
Climate talks have largely failed to curb rising temperatures, but bottom-up initiatives featuring subnational actors hold great promise if coordinated effectively. Varun Sivaram and David Livingston argue that California and Germany can “lead from between” to bridge international and subnational climate action.
See more in United States; Germany; Environmental Policy
Most observers agree that the United States, propelled by its boom in oil and gas production, is becoming increasingly central to global energy. As oil prices have plummeted, American oil producers have taken credit. As U.S. imports have fallen, foreign policy thinkers have suggested that Washington could rely far less on the Middle East.
See more in Asia and Pacific; Energy and Environment
While oil prices over the last three years were the smoothest in decades, volatility is back and here to stay argue Michael Levi and Robert McNally. Levi and McNally explain how price fluctuations, rather than high prices, endanger global economic growth.
See more in Global; Oil
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.
See more in Ukraine; United States; Monetary Policy; International Finance
Robert Kahn argues that the West should be ready to impose more robust economic sanctions against Russia, in order to deter it from further infiltrating or destabilizing Ukraine. Russia's economic complexity means sanctions would meaningfully reduce Russian wealth and growth, since Russian oligarchs and business leaders have significant financial stakes in the West.
See more in Russia and Central Asia; Sanctions
Robert Blackwill and Meghan O'Sullivan explore the potential of the North American energy revolution, arguing that the diversification of the global energy market will benefit consuming countries and erode the power of traditional producers, a shift with broad geopolitical implications.
See more in Global; Energy and Environment
Michael Levi makes recommendations for President Obama's energy strategy.
See more in United States; Energy Policy
The U.S. energy revolution is not confined to a single fuel or technology: oil and gas production, renewable energy, and fuel-efficient automobile technologies all show great promise. To best position the country for the future, U.S. leaders should capitalize on all these opportunities rather than pick a favorite; the answer lies in 'most of the above.'
See more in United States; Energy Policy
FDR Treasury official Harry Dexter White was the leading architect of the Bretton Woods international monetary and financial system. But he was also a vital agent for Soviet intelligence in the 1930s and '40s. This article brings to bear startling new archival evidence to illuminate his motives.
See more in Intelligence; History and Theory of International Relations; Russian Federation; United States
Edward Alden discusses the struggle to overcome the legacy of the 1986 Immigration Reform and Control Act and argues that increases in border enforcement over the past thirty years may be the strongest argument for why immigration reform in 2013 would not be a repeat of 1986.
See more in Mexico; Immigration; Migration; United States
If the eurozone splinters, it will have been an avoidable disaster.
See more in EU; Financial Crises; Germany
The main health threat in developing states today is not plagues or parasites but illnesses such as cancer and diabetes, noncommunicable diseases long associated with the rich world.
See more in Diseases, Noncommunicable; Global
Blake Clayton says Wall Street is not to blame for high gas prices.
See more in Oil; United States
China seems to want the yuan to dethrone the dollar as the global reserve currency. But don't expect China's currency to take over anytime soon.
See more in China; Monetary Policy