Greenberg Center for Geoeconomic Studies Publications Archive

Op-Ed

In Iraq, Obama Has Two Terrible Choices

Author: Meghan L. O'Sullivan
Politico

In his efforts to save Iraq, President Obama is right to demand more power-sharing and other political reforms from Iraqi leaders before the United States offers more military assistance. But Obama should not think he can hold off offering such assistance until he secures those reforms—not if he wants to prevent the bloody breakup of the country and a wider regional war.

See more in Iraq; United States; Defense Strategy

Op-Ed

Rebooting China

Author: A. Michael Spence
Project Syndicate

A. Michael Spence urges China's leaders to be steady-handed and sensible in their foreign policy and domestic reform agendas so as to maintain the kind of economic stability necessary for complex structural changes to work their way through the Chinese economy with minimal disruption.

See more in China; Financial Markets; Economic Development

Foreign Affairs Article

Taper Trouble

Author: Benn Steil

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

Op-Ed

Beijingís Actions in the South China Sea Demand a U.S. Response

Authors: Elizabeth C. Economy and Michael A. Levi
Washington Post
The China National Overseas Oil Coorporation (CNOOC) began drilling in Vietnamese-claimed waters late last week, accompanied by more than seventy vessels, including armed Chinese warships. Elizabeth Economy and Michael Levi write that the United States needs to face up to the full magnitude of the Chinese challenge to have any hope of successfully confronting it.

See more in China; Vietnam; Territorial Disputes; Oil

Op-Ed

Why Arenít Sanctions Stopping Putin?

Author: Meghan L. O'Sullivan
The Daily Beast

The West is threatening another round of sanctions against Russia in an effort to deter meddling in the May 25 presidential elections in Ukraine. The Obama administration and its allies are placing high hopes in the ability of sanctions to sway Russian actions and generally contest Russia's annexation of Crimea and meddling in the Ukraine.

See more in Russian Federation; International Organizations and Alliances

Policy Innovation Memorandum No. 45 Curtailing the Subsidy War Within the United States

Curtailing the Subsidy War Within the United States

Authors: Edward Alden and Rebecca Strauss

Each year, U.S. state and local governments waste tens of billions of taxpayer dollars competing to lure or retain business investment, with little impact on business behavior. Edward Alden and Rebecca Strauss lay out incremental steps for curbing the subsidy war, beginning with greater disclosure and cost-benefit analyses, and building up to a multistate agreement that creates strong disincentives for continuing subsidies.

See more in United States; Economics

Op-Ed

How to End State Subsidies

Authors: Edward Alden and Rebecca Strauss
The New York Times

Each year, state and local governments in the United States spend more than $80 billion, or roughly 7 percent of their total budgets, on tax breaks and subsidies to attract investments from auto companies, movie producers, aircraft makers and other industries. Edward Alden and Rebecca Strauss explore the possiblity of ending such compensation.

See more in United States; Tax Policy