Ukraine faces two severe and immediate challenges: armed pro-Russian separatists in the eastern part of the country and a sharp, nationwide economic deterioration stemming in no small part from that military threat.CFR convened a group of experts to discuss Ukraine’s economic challenges and identify possible ways for outside actors to support Ukrainian policymakers
Deforestation is a major man-made source of greenhouse gas emissions, and is especially significant in countries with large tropical forests. CFR hosted a workshop designed to draw lessons from Brazil’s recent success at limiting deforestation, understand why countries such as Indonesia have so far struggled, and identify ways to further reduce deforestation.
The amount of international aid given to address noncommunicable diseases is minimal. Most of it is directed to wealthier countries and focuses on the prevention of unhealthy lifestyles. Explanations for the current direction of noncommunicable disease aid include that these are diseases of affluence that benefit from substantial research and development into their treatment in high-income countries and are better addressed through domestic tax and policy measures to reduce risk-factor prevalence than through aid programs. This study assessed these justifications. First, we examined the relationships among premature adult mortality, defined as the probability that a person who has lived to the age of fifteen will die before the age of sixty from noncommunicable diseases; the major risk factors for these diseases; and country wealth. Second, we compared noncommunicable and communicable diseases prevalent in poor and wealthy countries alike, and their respective links to economic development. Last, we examined the respective roles that wealth and risk prevention have played in countries that achieved substantial reductions in premature mortality from noncommunicable diseases. Our results support greater investment in cost-effective noncommunicable disease preventive care and treatment in poorer countries and a higher priority for reducing key risk factors, particularly tobacco use.
The way the world trades has changed since the World Trade Organization (WTO) was established. Fewer goods and services originate from any one supplier or country. Components and intermediate services are increasingly sourced and assembled from specialist suppliers around the world. Regulation also plays a more significant role in this era of international trade. The adequacy of regulatory oversight has become more important as complex, unbundled global supply chains have become harder for businesses and customers to monitor.
Even though there is little fundamental linkage between oil prices and the competitiveness of solar or wind power across the developed world, newly risk-averse investors in renewable energy Yieldcos are dumping investments they suddenly consider overvalued.
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that China’s request to include its currency, the renminbi (RMB), in an International Monetary Fund (IMF) currency basket, known as special drawing right (SDR), is political as much as economic in intent and effect. The inclusion would signal a milestone in China’s transition to a less-regulated economy.
Once thought to be challenges for affluent countries alone, cancer, cardiovascular diseases, diabetes, and other noncommunicable diseases are now the leading cause of death and disability in developing countries. The economic and human costs are high and rising in low- and middle-income countries, threatening their continued development prosperity. Lung, liver, cervical and breast cancers constitute a large proportion of this growing burden and can be addressed with life-saving and low-cost interventions.
In his testimony before the Senate Committee on Foreign Relations' Subcommittee on Europe and Regional Security Cooperation, Robert Kahn argues that although Greece's direct trade and financial links to the U.S. economy are small and there is less of a direct systemic threat to the United States than when the crisis began in 2009, the risks are still material.
Earlier this month, the U.S. Commerce Department reviewed its tariffs on imported Chinese solar panels, originally imposed in 2012 in retaliation against Chinese subsidies and below-market pricing, and opted to maintain the total tariff burden on most panels.
At this point in time, given the current Iranian leadership, the state of Iranian public opinion, and Iranian economic conditions, relying on unilateral economic leverage to obtain a better deal is an illusion, argues Miles Kahler. More likely it would drive Iran further in the direction of North Korea—an unrestrained nuclear program and an economically isolated, unreformed regime.
Elizabeth C. Economy and Michael Levi explore how Chinese demand drive global commodity prices, the broader implications of the Chinese slowdown for the global economy and regional security, and consequences of China’s resource quest for the world’s resource-producing states and industries.
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that if Greece exits the eurozone, introducing a new currency could occur quickly; getting broader economic policies right is the more difficult challenge facing the country.
Author: Michael A. Levi Democracy: A Journal of Ideas
Shale gas is no panacea but, with the right policies to protect communities where gas is produced and to harness the fuel as part of a broader climate strategy, it can play a critical role in confronting global warming, argues Michael A. Levi in a Democracy article.
Authors: Varun Sivaram, Henry J. Snaith, and Samuel D. Stranks Scientific American
An upstart material—perovskite—could finally make solar cells that are cheaper and more efficient than the prevailing silicon technology. Varun Sivaram and co-authors delve into the science behind perovskites and assess the technology’s commercial prospects.
For decades, oil prices have influenced the outlook for alternatives to oil and policies that support those alternatives. Expensive oil makes substitutes more appealing; cheap oil makes the economic case for alternatives that much more difficult. High prices in the 1970s kick-started clean energy, including the first modern electric vehicles, while the oil slump beginning in the 1980s pummeled sources like wind and solar power and undermined the push for more fuel-efficient cars.
In recent years, frugal and reverse innovation have gained attention as potential strategies for increasing the quality and accessibility of health care while slowing the growth in its costs. Thomas J. Bollyky argues that the demand for these types of innovation is increasing and outlines three practical questions for policymakers seeking real investments and results.