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June 15, 2018

Taiwan
Military honor guards lower the Taiwanese flag, at Liberty Square, in Taipei, Taiwan. China-Taiwan Relations

Differences over Taiwan’s status fuel tensions between the island and mainland, yet cross-strait economic ties continue to deepen. 

June 14, 2018

United States
Army Birthday 2018 Happy Birthday to the U.S. Army!

The United States Army celebrates its 243nd birthday today. If you see an active duty, former, or retired member of the United States Army today, wish their service Happy Birthday. The Army websit…

May 8, 2018

China
Disaggregating the Fall in China's Current Account Surplus Since 2007 Disaggregating the Fall in China's Current Account Surplus Since 2007

China's current account surplus is almost certainly about $100 billion larger than officially reported, and the falling current account surplus masks a persistent manufacturing surplus.

April 24, 2018

International Economic Policy
Asia's Central Banks and Sovereign Funds Are Back Asia's Central Banks and Sovereign Funds Are Back

East Asia (China, Japan, and the NIEs) ran a $600 billion current account surplus in 2017. "Official" (central bank and sovereign fund) outflows accounted for about half of that. Asia's foreign excha…

April 24, 2018

Brazil
A Petrobras refinery in Cubatao, Brazil. Brazil’s Corruption Fallout

Federal investigators in Brazil have uncovered corruption at the highest levels of the government and in the country’s largest corporations.

March 28, 2018

International Law
U.S. Ambassador to the UN John Bolton speaks at the UN headquarters in New York on November 11, 2006. The International Criminal Court and the Trump Administration

With John Bolton as national security advisor, both the United States and the International Criminal Court should take steps to avoid a collision. 

March 9, 2018

China
China’s Own Goal: An Unnecessary and Counterproductive (on-budget) Fiscal Consolidation China’s Own Goal: An Unnecessary and Counterproductive (on-budget) Fiscal Consolidation

China seems to be aiming to cut its (central government) fiscal deficit to around 2.6 percent of GDP. That’s the new target—down from a three percent target last year (UBS think the actual deficit in…

February 2, 2018

Monetary Policy
Federal Reserve The Role of the U.S. Federal Reserve

The role of the Federal Reserve has transformed in the past decade, as it has deployed trillions of dollars to boost the U.S. economy while expanding its regulatory oversight of the nation’s financia…

August 21, 2017

Mexico
Lima Declaration ¡Gracias, Donald!

August has brought a number of depressing reversals in the United States’ relation with Latin America: President Trump’s seemingly offhand statement on the possibility of military intervention in Ven…

July 12, 2017

Israeli-Palestinian Conflict
Consideration of the Taylor Force Act

Elliott Abrams testified before the Senate Committee on Foreign Relations on Wednesday, July 12, 2017, discussing the Taylor Force Act.