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February 13, 2018

United States
The Marshall Plan Holds Lessons for Present Tensions With Russia, Benn Steil Writes in New Book

February 13, 2018—The Marshall Plan—the costly and ambitious initiative to revive western Europe after World War II—marked the true beginning of the Cold War, argues Benn Steil. Bringing to bear …

February 13, 2018

Political History and Theory
The Marshall Plan

Benn Steil, the award-winning author of The Battle of Bretton Woods, reveals the gripping history behind the Marshall Plan—told with verve, insight, and resonance for today.

February 16, 2018

United States
Mapping Capital Flows Into the U.S. Over the Last Thirty Years Mapping Capital Flows Into the U.S. Over the Last Thirty Years

Up until 2014, the growth in central bank dollar reserves closely mapped to the increase in U.S. net external debt. The past few years have been different: for the first time in a long time, yield-st…

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…

February 15, 2018

United States
Trump’s Tax Success Is at the Expense of His Trade Agenda Trump’s Tax Success Is at the Expense of His Trade Agenda

It looks like a combination of tax cuts and spending increases will raise the U.S. fiscal deficit by about 2 percentage points of GDP (that’s the number Krugman used; Goldman’s US economics team puts…

February 13, 2018

United States
FA MA 2018 Cover Walking Away From World Order: Weighing Trump’s First Year of Foreign Policy

“Nobody really knew what to expect when Donald Trump became U.S. president. Would he disrupt the status quo or maintain it? Blow himself up or escape unscathed? One year in, the answer is yes,” write…

February 12, 2018

China
The Belt and Road Initiative Didn't Quite Live up to its Hype in 2017 The Belt and Road Initiative Didn't Quite Live up to its Hype in 2017

China's balance of payments data doesn't show any material increase in the pace of offshore lending.

February 7, 2018

United States
Do Not Overlook the December Trade Data Do Not Overlook the December Trade Data

The increase in the non-oil trade deficit in December should be getting more attention. It matters more than the year-over-year rise in the 2017 trade deficit.

January 29, 2018

Defense Technology
Soldiers of the People's Liberation Army (PLA) of China march in formation past the Tiananmen Square Civil-Military Fusion: The Missing Link Between China's Technological and Military Rise

Many agree that China is becoming a technology and science superpower. How it translates that advantage into military power is another story.