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January 19, 2018

Olympics
Lighting the Olympic Torch The Economics of Hosting the Olympic Games

The costs of hosting the Olympics have skyrocketed, while the economic benefits are far from clear. This has led to fewer states interested in playing host and a search for options to lighten the bur…

January 17, 2018

U.S. Congress
Royce-Africa-Powell-Congress Ed Royce, Champion of Africa in the U.S. House, Will not Run for Reelection

This is a guest blog post by Anthony Carroll. Anthony is founding director of Acorus Capital, a private equity fund investing in Africa, and a vice president of Manchester Trade Limited, an internati…

December 28, 2017

United States
Kohl 1989 Ten World Figures Who Died in 2017

I wrote yesterday about ten Americans who died in 2017 who helped shape U.S. foreign policy during their lifetimes. But Americans are not the only ones who influence world affairs. Below are ten worl…

December 4, 2017

Southeast Asia
Pope Francis_Aung San Suu Kyi_11.28.2017 Reflecting on Pope Francis’s Trip to Myanmar and Bangladesh

There was no way that Pope Francis’s trip to Myanmar and Bangladesh last week was going to be uneventful. The trip came in the midst of a massive spasm of violence in western Myanmar’s Rakhine State—…

November 7, 2017

Saudi Arabia
Investors talk with each other as they monitor a screen displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia June 29, 2016. Oil and a More Muscular Saudi Arabia

Saudi oil policy is undergoing a significant, yet subtle shift that is likely to have broader, strategic implications. The shift comes in the wake of a perfect storm of complicated existential threat…

October 31, 2017

Diplomacy and International Institutions
U.S. Sovereignty Enhanced, Not Undermined, by International Cooperation, Writes Stewart Patrick in New CFR Book

When the United States withdrew from the Paris Climate Accord in June, President Donald J. Trump justified the move as a necessary reassertion of U.S. sovereignty. In The Sovereignty…

October 17, 2017

China
Bitcoin and the Yuan Bitcoin and the Yuan

This is a guest post by Cole Frank, a research associate at the Council on Foreign Relations. China watchers are always looking for new ways to gauge capital flows and pressure on the yuan. The mo…

May 2, 2017

Financial Markets
Chicago Mercantile Exchange If Congress Dismantles Dodd-Frank, It Should Not Ignore Systemic Cyber Risk

Congressional Republicans want to repeal a big chunk of Dodd-Frank. Although it might kickstart economic growth, it would also increase systemic cyber risk.

September 19, 2017

China
China's August Reserves China's August Reserves

For the past fifteen or more years, if not longer, the flow of foreign exchange in and out of China has never quite seemed to balance. Either the yuan was a one way bet up, and the PBOC had to buy fo…

September 15, 2017

Eurozone
The Global Cost of the Eurozone’s 2012 Fiscal Coordination Failure The Global Cost of the Eurozone’s 2012 Fiscal Coordination Failure

The eurozone countries collectively did far too much fiscal adjustment in 2011, 2012, and 2013. Germany joined in the consolidation in 2012, hurting the eurozone—and the world.