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October 20, 2020

Trade
China’s Surplus is Rising Rapidly. So is the U.S. Deficit. The IMF Cannot Turn a Blind Eye.

Do not use the IMF’s current account forecast in the Fall 2020 World Economic Outlook (WEO).  It is already out of date.     

China’s Surplus is Rising Rapidly. So is the U.S. Deficit. The IMF Cannot Turn a Blind Eye.

October 16, 2020

Cybersecurity
Cyber Week in Review: October 16, 2020

Microsoft attempts to seize Russian botnet servers; Pakistan bans TikTok; Norway accuses Russia of compromising parliament email systems; States call for GGE and OEWG replacement; and Twitter and Fac…

Norway's Foreign Minister Ine Marie Eriksen Soreide talks to the media outside the Ministry of Foreign Affairs.

October 15, 2020

Sub-Saharan Africa
The Changing Style of African Coups

As the coup in Mali shows, military seizures of power have not disappeared entirely. Nevertheless, the old style of coups has become rare in Africa. More common now are incumbent chiefs of state using different, more subtle methods to stay in power.

A picture of the National Assembly of Ivory Coast in Abidjan, the country's largest city.

October 13, 2020

International Organizations
Nigerian (and American) Ngozi Okonjo-Iweala Finalist for WTO Director General

The two finalists for the position of director general of the World Trade Organization (WTO) are Yoo Myung-hee, Republic of Korea, and Ngozi Okonjo-Iweala, a Nigerian and (since 2019) an American citizen.

Ngozi Okonjo-Iweala, a Nigerian woman running for WTO director general, raises her left arm while speaking. She is wearing a traditional headdress.

October 7, 2020

Emerging Economies
Reframing the Collective Action Problem in Sovereign Bond Restructuring

A recent white paper from Lazard points out that emerging market sovereign bond holdings are often fairly concentrated among a handful of big players.  The main impediment to collective action may be…

Reframing the Collective Action Problem in Sovereign Bond Restructuring

October 9, 2020

Election 2020
Campaign Foreign Policy Roundup: VP Candidates Discuss Foreign Policy

Each Friday, I look at what the presidential contenders are saying about foreign policy. This week: Kamala Harris and Mike Pence discussed U.S. policy toward China and U.S. global leadership at Wedne…

Senator Kamala Harris and Vice President Mike Pence sit across from each other separated by plexiglass on the stage of the vice-presidential debate.

October 9, 2020

U.S. Congress
Cyber Week in Review: October 9, 2020

Clinical trials slowed by ransomware attack on software company; Big tech condemned by house lawmakers; QAnon groups and pages to be banned by Facebook; Department of Justice confiscates domains used…

A security guard walks past an Alipay logo at the office of Alipay.

October 9, 2020

India
Jaswant Singh—A Personal Remembrance

Marshall M. Bouton is president emeritus of the Chicago Council on Global Affairs. Former Indian Foreign Minister Jaswant Singh, whose service to his country spanned seven decades, passed away in …

Jaswant Singh speaks at a microphone.

October 8, 2020

China
To Understand China’s Aggressive Foreign Policy, Look at Its Domestic Politics

In the past six months, Chinese foreign policy appears to have taken a dramatic and aggressive turn. One way to understand this assertive foreign policy is through the lens of China's internal politi…

Soldiers of the People's Liberation Army march outside the Great Hall of the People in Beijing, China on September 8, 2020.

October 7, 2020

Coronavirus
Taking Pandemic Preparedness Seriously: Lessons from COVID-19

The United States must finally translate its longstanding rhetoric about pandemic preparedness into concrete action.

A medical worker wearing protective mask is seen at a medical checkpoint at the entrance of the Spedali Civili hospital in Brescia, Italy on March 3, 2020.