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December 4, 2020

Transition 2021
Transition 2021: The Looming Iran Crisis

Each Friday, I look at what is happening in President-Elect Joe Biden’s transition to the White House. This week: Iran will likely provide an early test for Biden and his national security team.

The Iranian flag flies in front of a nuclear power plant.

September 10, 2020

United Nations
The UN’s Unhappy Birthday

The United Nations is turning 75 but there is little to celebrate as the organization has fallen well short of its goals.

United Nations General Assembly Hall

September 2, 2020

Nigeria
Nigerian Atheist Arrested and Disappeared

The arrest and subsequent disappearance of Mubarak Bala, an avowed atheist from a prominent Muslim family, illustrates the fragility of human rights and the rule of law when an individual directly challenges the norms of conservative society in Nigeria.

Male protestors in Lagos protest against the government. The front sign reads "It is not a 'my religion or tribe is better than yours' matter. All our blood is red."

June 15, 2020

World Order
The World Waits for No Country

While the United States has turned inward, focusing primarily on domestic challenges, history has not stopped.

Trump walks away

March 22, 2020

International Economic Policy
How Asia’s Life Insurers Could “Shelter-In-Place”

Asia’s life insurers likely hold somewhere between $1.5 trillion and $2 trillion of foreign currency denominated bonds as part of their portfolio—mostly dollar denominated, but some in euros. Japanes…

Japan, Taiwan, korea Lifers' Foreign Security Holdings (USD Billions)

January 6, 2020

World Order
The World Is Heading Back to the Future—to Another Volatile, Roaring ‘20s

The international politics of 2020 bear unnerving resemblance to the conditions that precipitated World War II.

U.S. President Donald J. Trump makes a speech in Miami, Florida.

December 17, 2019

United States
It is Time to Change How We View Foreign Direct Investment

FDI is increasingly driven by tax avoidance.

It is Time to Change How We View Foreign Direct Investment

December 15, 2020

Nigeria
CFR Fellows' Book Launch Series Guest Event With John Campbell

John Campbell discusses his new book, Nigeria and the Nation-State. Nigeria is Africa's largest economy and is projected to be the third most populous country in the world by 2050, yet its democratic…

Play People crowd on a road near Balogun market to shop, a day before Christmas in Nigeria's commercial capital Lagos

December 13, 2012

Human Rights
Alas Denmark

Denmark has long been regarded as one of the world’s most attractive nations, for citizens and tourists alike. My own visits there years ago as a student were delightful. And the Danes have a wonderf…

October 15, 2019

Taiwan
What Does Taiwan’s Hidden Forward Book Mean for Taiwan’s Financial Stability and U.S. Currency Policy?

Taiwan's central bank—and Taiwanese households—have taken on an awful lot of foreign currency risk over the years …

treasury fx intervention taiwan 4