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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…

August 13, 2018

Russia
Did Russia Really Dump Its U.S. Debt? Did Russia Really Dump Its U.S. Debt?

“Russia dumped 84% of its American debt,” blared a July CNN headline. Russian central-bank head Elvira Nabiullina said the sales were just part of “diversifying the entire structure of currencies…

July 26, 2018

Vietnam
Is Vietnam the New China? Is Vietnam the New China?

Vietnam appears to be taking a page out of China's post-WTO playbook by intervening to keep its currency weak and its exports strong.

July 11, 2018

Women and Women's Rights
Female soldiers from the Afghan National Army during a lesson at the Kabul Military Training Centre in Kabul, Afghanistan. October 23, 2016. Five Questions on How Women Contribute to NATO

The Five Questions Series is a forum for scholars, government officials, civil society leaders, and foreign policy practitioners to provide timely analysis of new developments related to the advancem…

June 14, 2018

U.S. Foreign Policy
Foreign Affairs July August 2018 Cover What Kind of World are We Living In?

“Life today seems like a tale told by an idiot, full of sound and fury, signifying something,” writes Editor Gideon Rose in his introduction to the July/August issue of Foreign Affairs. It seems as i…

June 13, 2018

South Africa
South-Africa-Jacob-Zuma-Corruption-Tax-Evasion-SARS Zuma’s Corruption Stalls Popular Trust in South African Taxation

There are signs that South Africans are reverting to the non-payment of taxes. The Treasury estimates that half of the revenue shortfall in 2017 resulted from personal income taxes that the government had budgeted for but were not paid. In the short term, the revenue short fall is compelling Ramaphosa to raise the VAT.

June 4, 2018

Trade
Trucks wait in the queue for border customs control to cross into U.S. at the World Trade Bridge in Nuevo Laredo, Mexico April 5, 2018. Mexico Knows How to Fight a Trade War

Mexico's retaliatory tariffs (on some types of steel, lamps, cheese, pork, apples, grapes, and cranberries) will swat at Trump’s political base.

June 4, 2018

United States
Italian flag over Quirinal Palace. Trade Deals or Macroeconomic Shocks?

With ongoing euro uncertainty in Italy, financial turmoil in Argentina and Turkey, and potential fiscal risks to demand in Asia, does the Trump administration's focus on trade deals miss the larger m…

May 25, 2018

Iran
U.S. President Donald Trump speaks to reporters after signing a proclamation declaring his intention to withdraw from the JCPOA Iran nuclear agreement in the Diplomatic Room at the White House in Washington, U.S. May 8, 2018. The Complicated Geopolitics of U.S. Oil Sanctions on Iran

U.S.-Iranian conflict resolution is in flux following withdrawal from the nuclear deal, and it remains unclear whether sanctions will be sufficient to force Iran back to the negotiating table. A deeper dive into the energy realpolitik of the matter reveals a host of barriers to improving the status quo in the Middle East.

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…