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May 24, 2018

Turkey
Turkey Could Use a Few More Reserves, and a Somewhat Less Creative Banking System Turkey Could Use a Few More Reserves, and a Somewhat Less Creative Banking System

Turkey’s currency initially rallied after the central bank raised interest rates yesterday. Perhaps a bit more orthodoxy is all it will take to restore a modicum of stability to Turkey’s markets. The…

May 7, 2018

Political History and Theory
Marshall Plan Teaching Notes The Marshall Plan

Teaching Notes for The Marshall Plan, written by CFR Senior Fellow Benn Steil

February 5, 2015

United States
Interview With Charlie Rose

Last month, I had the pleasure of joining Charlie Rose on his show along with Jorge Castañeda, Mexico’s former foreign minister, and Francisco Goldman, contributor to The New Yorker, to discuss Mexic…

May 4, 2018

South Korea
A model poses with a Samsung smartphone. South Korea’s Chaebol Challenge

South Korea’s megaconglomerates have helped lift the country out of poverty, but their extraordinary influence could put the health of the Korean economy at risk.

April 30, 2018

North Korea
Vehicles carry missiles during a military parade in Pyongyang. North Korea’s Military Capabilities

Kim Jong-un has accelerated North Korea’s buildup of nuclear and other weapons of mass destruction, while also modernizing its large conventional force.

April 26, 2018

Human Rights
Demonstrators protest against police violence and the government of Nicaraguan President Daniel Ortega in Managua, Nicaragua on April 23, 2018. Why We Must Never Give Up on Democracy

In Nicaragua and Armenia today, people are rising up against tyranny and demanding human rights and democratic rights. Nicaragua has been suffering under a decade of misrule and deepening tyranny …

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 25, 2018

Ireland
Irish Flag and Apple Logo Tax Avoidance and the Irish Balance of Payments

At this point, profit shifting by multinational corporations doesn’t distort Ireland’s balance of payments; it constitutes Ireland’s balance of payments.

February 16, 2018

North Korea
KCNA Avoiding War With North Korea

The U.S. military is prepared for a number of contingencies with regard to North Korea, but the best path forward is diplomacy aimed at denuclearization.