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July 22, 2019

India
Trouble With the Facts When Trump Meets Imran Khan

Tough issues in diplomacy can't be solved on the fly, and require careful attention to the facts and to history.

Pakistan’s Prime Minister Imran Khan shakes hands with U.S. President Donald J. Trump at the start of their meeting in the Oval Office of the White House in Washington, U.S., on July 22, 2019.

July 18, 2019

Development
Development Turns Competitive With Mixed Results

A vast gulf remains between development financing and development goals. International competition could help bridge that gap, but has produced mixed results to date.

Asian Infrastructure Investment Bank President Jin Liqun at the second Belt and Road Forum for International Cooperation in Beijing, China, on April 25, 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 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 3, 2019

North Korea
The Fissile State of International Nuclear Cooperation

Arms control and diplomacy are falling by the wayside as countries modernize arsenals and renew their focus on geopolitical competition.

U.S. President Donald Trump meets with North Korean leader Kim Jong-un at the demilitarized zone separating the two Koreas, in Panmunjom, South Korea, on June 30, 2019.

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…

June 21, 2019

Iran
Iran and Beyond: Interstate Conflict Grows More Palpable

As tensions between the United States and Iran increase, questions of conflict prevention and response loom large. 

An undated U.S. Air Force handout photo shows a RQ-4 Global Hawk unmanned aircraft in mid-air.

June 19, 2019

Iran
Iran, the Strait of Hormuz, and Hard Power

I woke up this morning thinking I would write a blog explaining just how challenging it would be for Iran to close the Strait of Hormuz for a prolonged period of time. This is not to say that there c…

Explosions that damaged two tankers south of the Strait of Hormuz on June 13, 2019 come a month after four vessels were targeted in "sabotage attacks" off the coast of the United Arab Emirates.

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