Research Projects

Below you will find a chronological list of research projects in the Studies Program. You can search by issue or region by selecting the appropriate category. In addition to this sorting control, you can search for specific subjects within the alphabetical, regional, and issue categories by choosing from the selections in the drop-down menu below.

Each project page contains the name of the project director, a description of the project, a list of meetings it has held, and any related publications, transcripts, or videos.

Human Rights

Nationalism

Study Group on the Rise of Popular Government and Nationalism in Northeast Asia

July 1, 2005—Present
Over the last two decades, democratization and liberal economic reform have swept Northeast Asia. The impact on regional foreign policies and international relations, however, may not be entirely what American policymakers hoped for as they pressed for these changes. In Taiwan and South Korea, democracy has opened new opportunities for American diplomacy, but it has also introduced new and sometimes dangerous variables. Taiwan’s “identity politics” have complicated U.S. relations with China. And the rise of a new generation in South Korea, with very different views of North Korea and represented by a more assertive government, has limited Washington’s room for maneuver in dealing with Pyongyang. China has not “democratized,” but the government finds it increasingly difficult to control and contain popular nationalist sentiments. And although political reform in Japan has enabled a closer alliance with the United States, there too, popular politics is facilitating the reemergence of nationalist forces. Dealing effectively with the new governments of East Asia will require a new understanding of the opportunities and challenges posed by the political and economic transformations underway there.

This project will result in a book that will assess the region’s new political, economic, and social geography and the implications for the American policy.

Roundtable on Nationalism in Europe

Staff: James M. Goldgeier, Dean, School of International Service, American University
March 1, 2002—December 31, 2002

The Roundtable on Nationalism in Europe was established in January 2002 to examine critical issues regarding trends in an evolving Europe and to understand their relevance to transatlantic relations. Specifically, the series discusses new forms of nationalism in Europe, and in particular, the various national aspirations and strategies that are emerging as enlargement of the European Union proceeds. During the spring, the roundtable series held three sessions discussing Russia, the Balkans, and Central and Eastern Europe. In fall, the focus will broaden to include Western Europe. Among the topics are the radical right and its agenda in Europe and "European" nationalism, which includes prospects for the Euro as a major world currency.

Civil Society

Indonesia Commission: Peace and Progress in Papua

Director: David L. Phillips, Executive Director, The Elie Wiesel Foundation for Humanity
Chair: Dennis C. Blair, Former Commander-in-Chief of the Pacific Command
August 1, 2002—May 1, 2003
There is only one way to avoid further conflict in the remote and impoverished, yet resource-rich, Indonesian province of Papua: Give it greater self-governance and a stake in the development of its vast natural wealth. Failure to prevent conflict in Papua would likely cause a spiral of deadly violence destabilizing Indonesia. This is the central conclusion of the Council’s Indonesia Commission: Peace and Progress in Papua. Chaired by Admiral Dennis C. Blair, former Commander-in-Chief of the United States Pacific Command, the Commission recommends concrete steps international stakeholders can take to encourage full and effective implementation of the Special Autonomy Law, which promises substantial portions of the province’s wealth to Papuans. Enacted by the Indonesian authorities, it was never put into force. The Commission argues that power-sharing represents a win-win situation: Special Autonomy preserves Indonesia’s territorial integrity while advancing the needs of Papuans. The report also identifies a pro-active role for the international community via new mechanisms for donor and policy coordination.

Economics

Maurice R. Greenberg Center for Geoeconomic Studies

Staff: Robert Kahn, Steven A. Tananbaum Senior Fellow for International Economics
Fellow: Thomas Bollyky, Senior Fellow for Global Health, Economics, and Development
Director: Sebastian Mallaby, Director of the Maurice R. Greenberg Center for Geoeconomic Studies and Paul A. Volcker Senior Fellow for International Economics
Fellows: A. Michael Spence, Distinguished Visiting Fellow, Daniel P. Ahn, Adjunct Fellow for Energy, Peter R. Orszag, Adjunct Senior Fellow, James P. Dougherty, Adjunct Senior Fellow for Business and Foreign Policy, Benn Steil, Senior Fellow and Director of International Economics, Michael A. Levi, David M. Rubenstein Senior Fellow for Energy and the Environment and Director of the Program on Energy Security and Climate Change, Matthew J. Slaughter, Adjunct Senior Fellow for Business and Globalization, Jagdish N. Bhagwati, Senior Fellow for International Economics, and Edward Alden, Bernard L. Schwartz Senior Fellow
Staff: Joann McGrath
Directors: Paul A. Volcker, Former Chairman of the Board of Governors, Federal Reserve System (1979-87), Bernard L. Schwartz, Chairman and CEO, BLS Investments, LLC, Maurice R. Greenberg, Chairman & CEO, C.V. Starr & Co., Inc., Martin S. Feldstein, President Emeritus, National Bureau of Economic Research, Joseph S. Nye Jr., Distinguished Service Professor, John F. Kennedy School of Government, Harvard University, Roger C. Altman, Chairman, Evercore Partners, Inc., Richard H. Clarida, Professor of Economics and International Affairs, Columbia University, Richard N. Cooper, Maurits C. Boas Professor of International Economics, Harvard University, Daniel W. Drezner, Professor of International Politics, Fletcher School of Law and Diplomacy, Tufts University, Nicholas N. Eberstadt, Henry Wendt Chair in Political Economy, American Enterprise Institute for Public Policy Research, Jessica P. Einhorn, Dean, Paul H. Nitze School of Advanced International Studies, Kristin J. Forbes, Associate Professor of Management, Sloan School of Management, Massachusetts Institute of Technology, Jeffrey A. Frankel, James Harpel Chair for Capital Formation & Growth, Harvard University, Stephen C. Freidheim, CIO and Managing Partner, Cyrus Capital Partners, Aaron Louis Friedberg, Professor of Politics and International Affairs, Woodrow Wilson School of Public and International Affairs, Princeton University, James D. Grant, Owner and Editor, Grant's Interest Rate Observer, David D. Hale, Chairman, Hale Advisors, Amy Myers Jaffe, Wallace S. Wilson fellow in Energy Studies, The James A. Baker III Institute for Public Policy of Rice University, Jim Kolbe, Senior Advisor, The German Marshall Fund of the United States, Robert E. Litan, Vice President, Research and Policy, Ewing Marion Kauffman Foundation, Michael Mandelbaum, Christian Herter Professor, Paul H. Nitze School of Advanced International Studies, The Johns Hopkins University, Donald B. Marron, Chairman, Lightyear Capital, Kathleen R. McNamara, Associate Professor of Government & International Affairs, Georgetown University, E. Stanley O'Neal, John G. Ruggie, Kirkpatrick Professor of International Affairs, John F. Kennedy School of Government, Harvard University, Faryar Shirzad, Managing Director, Office of Government Affairs, The Goldman Sachs Group, Joan E. Spero, Visiting Fellow, Foundation Center, Fareed Zakaria, Host, CNN's Fareed Zakaria GPS, Steven Denning, Chairman, General Atlantic LLC, Marc Lasry, Chairman and Chief Executive Officer, Avenue Capital Group, Daniel Zwirn, Chairman, Lightyear Capital, Charles O. Prince III, Chairman, Sconset Group, and Jeffrey A. Rosen, Deputy Chairman, Lazard
January 1, 2000—Present

Founded in 2000, the Maurice R. Greenberg Center for Geoeconomic Studies at the Council on Foreign Relations works to promote a better understanding among policymakers, academic specialists, and the interested public of how economic and political forces interact to influence world affairs. Globalization is fast erasing the boundaries that have traditionally separated economics from foreign policy and national security issues. The growing integration of national economies is increasingly constraining the policy options that government leaders can consider, while government decisions are shaping the pace and course of global economic interactions. It is essential that policymakers and the public have access to rigorous analysis from an independent, nonpartisan source so that they can better comprehend our interconnected world and the foreign policy choices facing the United States and other governments. The center pursues its aims through:

  • Research carried out by Council fellows and adjunct fellows of outstanding merit and expertise in economics and foreign policy, disseminated through books, articles, and other mass media;
  • Meetings in New York, Washington, DC, and other select American cities where the world's most important economic policymakers and scholars address critical issues in a discussion or debate format, all involving direct interaction with Council members;
  • Sponsorship of roundtables and publications whose aims are to inform and help to set the public foreign-policy agenda in areas in which an economic component is integral;
  • Training of the next generation of policymakers, who will require fluency in the workings of markets as well as the mechanics of international relations.

ADVISORY BOARD Mr. Maurice R. Greenberg, Chair Mr. Richard N. Haass, Ex- Officio Ms. Lisa Anderson The Rt. Hon. Lord Browne of Madingley The Honorable Martin S. Feldstein Dr. Stanley Fischer General John R. Galvin, USA (Ret.) The Honorable Carla A. Hills The Honorable Winston Lord Mr. Donald B. Marron Mr. William J. McDonough The Honorable Peter G. Peterson Mr. David Rockefeller The Honorable Robert E. Rubin Mr. Richard E. Salomon The Honorable Brent Scowcroft Dr. Laura D'Andrea Tyson The Honorable Ernesto Zedillo Ponce de León

Study Group on Economic Interdependence and American Foreign Policy

Staff: Edward J. Lincoln, Director, Center for Japan-U.S. Business and Economic Studies, New York University
January 1, 2005—June 30, 2006

This project will examine the fundamental international economic changes that have occurred globally in the past half century, discuss how they affect security and stability in the world, and explore how American foreign policy should respond.

CGS Roundtable Series

Director: Benn Steil, Senior Fellow and Director of International Economics
December 1, 2004—January 1, 2006

This meeting series is designed to bring Council members together in a small seminar environment to discuss new and innovative thinking at the intersection of economics and foreign policy.

The G8 Roundtable

Staff: James M. Goldgeier, Dean, School of International Service, American University
July 1, 2004—June 30, 2005

This series provides a forum for policy experts, U.S. and foreign government officials, and journalists to discuss specific items on the G8 agenda and to assess the progress being made in achieving the goals set forth at the June 2004 summit meeting.

Study Group on Dollarization

Director: Manuel Hinds, Former Salvadoran Finance Minister
Chair: Sergio J. Galvis
February 8, 2005—Study Group Meeting

This project examined the desirability of dollarization in developing countries as well as its role in promoting international financial stability.

Study Group on Judging Corporate Accountability in the Global Economy

Staff: Elliot Schrage, Adjunct Senior Fellow for Business and Foreign Policy
February 1, 2003—August 31, 2003

The U.S. government and the multinational business community face an emerging foreign policy challenge: Under what circumstances should U.S. courts serve as an appropriate forum to hold corporations accountable for “human rights abuses” connected to their global operations? More broadly, what role should U.S. courts play in “globalizing” respect for international human rights standards and the rule of law in global economic activity?

This project attempts to take up this challenge by identifying the elements of a new framework of standards and the process by which it might be developed. It aims to define to what extent a new regime for defining the scope of transnational liability for multinational business conduct should include the following elements:

Jurisprudential rules that favor local solutions rather than recourse to U.S. (or foreign) courts;

Clearly defined and broadly accepted minimum standards for acceptable local relief—so that foreign courts (or policy makers) can determine whether plaintiffs have meaningful access to effective relief in their local courts;

Joint liability rules that acknowledge the closeness of commercial and investment relationships in the global economy;

Substantive standards that promote the progressive upward harmonization of business practices affecting environmental and labor conditions, or respect for civil and political rights; and

Linking foreign assistance or trade preferences to the effective administration of justice, including effective protection not only for private corporations in commercial disputes but also for victims of business practices that violate national laws or international norms.

This Study Group helps to inform an article written by Elliot Schrage, the project director, that analyzes the growing role and significance of American courts as arbiters of corporate conduct such as human rights practices of multinational corporations. Schrage offers policy recommendations that balance concerns for national sovereignty, respect for international standards, and the benefits of global economic integration.

AT Kearney Executive Roundtable Series

Director: Benn Steil, Senior Fellow and Director of International Economics
January 1, 2000—September 1, 2002
This roundtable covers major issues in international economics of direct concern to American business. Prominent speakers from industry, government and academia are featured.

Working Group on Development, Trade, and International Finance

Staff: Walter Russell Mead, Henry A. Kissinger Senior Fellow for U.S. Foreign Policy
January 1, 1999—June 30, 2002
The overarching goal of the project is to identify restructuring options for the international financial architecture that would stimulate the long-term flow of private capital to the developing world. More specifically, the working group is undertaking the development and promotion of one or more alternative working models for reform of the world financial architecture; the advancement of concrete proposals for countries interested in shifting from export-led growth to internally driven economic development; and the development of ideas to make the international financial system more open and accountable to the larger public interest. One of the final products will be a report by Walter Russell Mead and Sherle Schwenninger.

Study Group on the International Financial Architecture

Staff: Walter Russell Mead, Henry A. Kissinger Senior Fellow for U.S. Foreign Policy
June 1, 1999—October 1, 2000
The overarching goal of this project is to identify restructuring options for the international financial architecture that would stimulate the long-term flow of private capital to the developing world. More specifically, the project is undertaking the development and promotion of one or more alternative working models for reform of the world financial architecture; the advancement of concrete proposals for countries interested in shifting from export-led growth to internally driven economic development; and the development of ideas to make the international financial system more open and accountable to the larger public interest. The final product will be a piece written by Walter Russell Mead.

Walter Hochschild Study Group on Governance Mechanisms for a Global Economy

Director: Daniel K. Tarullo, Professor of Law, Georgetown University Law Center
February 1, 1999—July 1, 1999
The last fifty years have seen a progressive erosion of the Bretton Woods economic and regulatory compromise between international liberalism and domestic autonomy. While much has been written on the need to reform the "international financial architecture," there remains a more fundamental question of the appropriate relationship between national and international legal/regulatory systems. This study group focused specifically on various countries’ national laws and regulatory schemes, looking at the institutional choices for international competition policy, the institutional and legal hurdles to reforming the international financial system, and proposals for a new round of trade negotiations. The products of the study group were three papers: an essay on options for international competition policy, a scholarly article on institutional and legal hurdles to reforming the international financial system, and an essay on proposals for a new round of trade negotiations.

Middle East Economic Conference

Director: Jonathan S. Paris, St. Antony's College, Oxford
Staff: Henry Siegman, Former Senior Fellow and Former Director for the U.S./Middle East Project
June 17, 1999
On June 17–18, 1999, the U.S./Middle East Project and Corporate Program hosted the fourth annual Council on Foreign Relations conference on private-sector investment in the Middle East and North Africa (MENA), including Turkey and Iran. In past years, this conference series has been organized around the MENA Summits, of which the Council was a founding organizer and convener. This year, the conference, held at the Council’s headquarters in New York, was the only major event of its kind in 1999. It was a practical, business-oriented meeting for approximately two hundred executives from the United States, Europe, the Middle East, and elsewhere to showcase investment opportunities and discuss the key obstacles to doing business in the region. Hosni Mubarak, President of Egypt, James D. Wolfenson, President of the World Bank, William Daley, Secretary of Commerce, and Bill Richardson, Secretary of Energy, were the keynote speakers.

Roundtable on Country Risk Analysis in the Post-Asia Crisis

Directors: Albert Fishlow, and Barbara Samuels
Chair: Robert D. Hormats
Staff: Roger M. Kubarych
October 1, 1998—May 1, 1999
This roundtable analyzed the role country risk analysis played in the Asian financial crisis and subsequent meltdowns in Russia and Brazil. The group, consisting of foreign investors, rating agency analysts, developing country borrowers, and representatives of multilateral agencies and emerging market governments, critically re-evaluated the standard methodology, analytical approaches, and data utilization that are used in assessing sovereign risk. A report detailing the findings of the group will be published in the fall of 1999.

Roundtable on Private Investment in Emerging Economies

Directors: Hanya Marie Kim, and Albert Fishlow
December 1, 1997—April 1, 1998
This roundtable stimulated discussion on the investment climate in emerging markets in the wake of the Asian financial crisis and other regional fluctuations. Particular stress was placed on geographic variations in the principal form of foreign commitment--direct participation as opposed to more limited financial instruments--and the impact of these investments on host countries and local economies.

Middle East Economic Strategy Group (MEESG)

Staff: Henry Siegman, Former Senior Fellow and Former Director for the U.S./Middle East Project
March 1, 1995—November 30, 1997
Chaired by Paul Volcker, the Middle East Economic Strategy Group is comprised of experts in international finance, trade, and development. The group examines the efficacy and viability of new regional cooperative arrangements and institutions and develops policy recommendations for regional economic development. MEESG is not a typical Study Group, but rather has commissioned a set of papers from Gulf experts who are convening to determine what, if any, policy recommendations might be made by the MEESG on development strategies for the Gulf.