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August 13, 2019

China
The IMF's (New) China Problem

If China ever followed the IMF’s fiscal advice, it would go back to running large trade surpluses—and its exchange rate would be undervalued again in the IMF's models. 

International Monetary Fund Managing Director Christine Lagarde speaks with Chinese President Xi Jinping (R) during their meeting at the Great Hall of the People in Beijing, China , April 24, 2019. (Parker Song/Pool via REUTERS)

August 13, 2019

China
On Designating China as a Currency Manipulator…

China really did manipulate its currency before the global crisis.  It really doesn't do so now.   But how China's manages its currency still matters for the global economy.

On Designating China as a Currency Manipulator…

September 10, 2019

United States
Space Exploration and U.S. Competitiveness

U.S. space exploration inspired a generation of students and innovators, but NASA’s role has diminished, and the number of global space competitors is growing.

Space Launch

September 10, 2019

Election 2020
The 2020 Presidential Candidates: In Their Own Words

The Democratic and Republican presidential contenders have begun defining their approach to major foreign policy issues as they jockey for position in their parties’ primaries.

The Presidential Seal

September 6, 2019

Sub-Saharan Africa
Mugabe and the Zimbabwe He Left Behind

Robert Mugabe, who ruled over Zimbabwe for 37 years, died on September 6. His was an undeniably epic life of glaring contradictions. He was a passionate voice for the liberation of the Zimbabwean people from the injustice and humiliation of white minority rule, but a brutal oppressor when those same people sought to exercise political freedom.

Zimbabwe's former President Robert Mugabe looks on before casting his vote in Highfields outside Harare July 31, 2013

August 8, 2019

China
Is China Manipulating Its Currency?

The Trump administration has declared China a currency manipulator, but what that means for the ongoing trade war is far from clear.

September 4, 2019

Cybersecurity
Five Jeez: Five Security Arguments Against Huawei 5G

There are more than enough reasons to keep Huawei equipment out of the core U.S. internet infrastructure.

A Huawei logo and a 5G sign are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019.

July 16, 2019

Cybersecurity
Building Resilience in the Fifth Domain

The time for new cyber strategies is over. The United States should work to achieve "cyber resilience," in which we actively manage the risk posed by even the most persistent nation-state actors.

A researcher of Hauri, an IT security software company investigating computer viruses, works at a lab of the company in Seoul March 22, 2013.

July 30, 2019

Economics
Summer Holiday

I am taking a few days off— If you are desperate for analysis of China’s balance of payments, I would recommend my disaggregation of China’s current account adjustment last year—and my analysis of…

August 23, 2019

South Korea
Japan-South Korea Tensions Are Eroding Security in Northeast Asia

The United States must protect the alliance architecture in Northeast Asia from internal threats, so that it will be prepared if and when external threats come its way.

U.S. Secretary of State Mike Pompeo poses with Japanese counterpart Taro Kono and South Korean counterpart Kang Kyung-wha after a meeting on the sidelines of the ASEAN and dialogue partners foreign ministers' meeting in Bangkok, Thailand August 2, 2019.