The U.S. Department of the Treasury should transform its foreign currency report so it can be used as a tool to combat currency manipulation. This would be an important step toward a more balanced global economy with fewer persistent deficits and surpluses.
In modern economies, people may have jobs, but they still harbor major concerns in a wide range of areas, including security, health and work-life balance, income and distribution, training, mobility, and opportunity. By focusing solely on the unemployment rate, policymakers are ignoring the many dimensions of employment that affect welfare.
A new wave of energy innovation is remaking the transportation, electricity, and manufacturing sectors. This so-called fourth industrial revolution is already creating great uncertainty about the future energy landscape, lessening common interests between oil-producing nations and the world’s largest economies.
The Donald J. Trump administration should place energy-sector reform at the center of its relationship with Ukraine. Doing so would constitute a low-risk, high-reward strategy for Washington to counter Moscow’s influence at the NATO border.