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February 8, 2019

Economics
2019 Robert B. Menschel Economics Symposium

Although the global rate of extreme poverty is at a historic low, the pace of poverty reduction is slowing and the World Bank estimates that more than 700 million people still live on less than $1.90…

July 3, 2019

United States
The Trump Tax Reform, As Seen in the U.S. Balance of Payments Data

The international side of the Tax Cuts and Jobs Act was a real reform, not just a straight-forward cut in the rate. It ended deferral, and shifted to a (mostly) territorial tax system. Yet, judging f…

The Trump Tax Reform, As Seen in the U.S. Balance of Payments Data

July 1, 2019

China
China’s Bizarre May Intervention Numbers

With the Osaka Xi-Trump summit producing an indefinite "truce" that halts further escalation (at least for now), there is every reason to expect the yuan to remain stable. The intervention proxies (s…

China’s Bizarre May Intervention Numbers

June 25, 2019

China
President Xi, Still the Deglobalizer in Chief…

Can China generate new friends by strategically opening its markets while…also importing less? (Don't judge China just by changes in its tariffs, the Chinese state has many other policy tools to l…

President Xi, Still the Deglobalizer in Chief…

July 15, 2019

Cybersecurity
New Cyber Brief: Securing 5G Networks: Challenges and Recommendations

5G networks could revolutionize the digital economy, but with this opportunity come major cybersecurity challenges. A new Council on Foreign Relations Cyber Brief provides recommendations for policym…

A woman walks past a billboard reading '5G is here' on day one of the Mobile World Congress (MWC) Shanghai 2019 at the Shanghai New International Expo Center on June 26, 2019 in Shanghai, China.

June 17, 2019

International Economic Policy
Three Recommended Changes to U.S. Currency Policy

I have a new Policy Innovation Memo that recommends three changes to U.S. currency policy, and specifically, three changes to the U.S. Treasury’s Foreign Exchange report: 1. The Foreign Currency r…

Passers-by are reflected on a signboard displaying currency signs outside a bank in Tokyo November 27, 2014. REUTERS/Issei Kato/File Photo

June 14, 2019

China
A Tale of Two Tariffs: China’s So Far Ineffective Tariffs on U.S. Manufacturing Exports

China's tariffs on U.S. commodities? A huge impact. Especially on bilateral trade. But also on global U.S. exports of soybeans. China's tariffs on U.S. manufactures? By comparison, a relative mode…

A Tale of Two Tariffs: China’s So Far Ineffective Tariffs on U.S. Manufacturing Exports

July 11, 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

July 11, 2019

United States Presidential 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

June 12, 2019

China
Did Huawei’s Chip Stockpiling Bring China’s 2018 Trade Surplus Down?

China's 2018 trade surplus fell by a bit more than I would have expected, and it wasn't all because of higher commodity imports. Imports of manufactures were strong relative to export growth. Could t…

Did Huawei’s Chip Stockpiling Bring China’s 2018 Trade Surplus Down?