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April 17, 2024

RealEcon
Onshoring Semiconductor Production: National Security Versus Economic Efficiency

Policymakers are increasingly concerned by the U.S.’s dependence on Taiwanese semiconductors. Is onshoring their production to the U.S.—a goal of the CHIPS and Science Act—a practical path forward? 

A wafer can be seen as taiwanese chip giant TSMC holds a ceremony to start mass production of its most advanced 3-nanometer chips in the southern city of Tainan, Taiwan December 29, 2022.

January 22, 2024

Trade
The Curse of Nostalgia: Industrial Policy in the United States

A critical look at the past and present of industrial policy shows that its recent popularity is not only misguided, but is likely to have negative economic and geopolitical consequences for the Unit…

President Joe Biden signs the Inflation Reduction Act in the State Dining Room of the White House in Washington on August 16, 2022.

February 9, 2024

Global
Central Bank Currency Swaps Tracker

Introduction Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a centr…

March 12, 2021

Middle East and North Africa
The Hard Edge of the Pope’s Moral Power

The pontiff’s Middle Eastern diplomacy may seem superficial, but it could make a huge practical impact.

January 29, 2024

India
The Battle for Global South Leadership

Both China and India aspire for the role, but it is not clear if nations that belong to the group see either of them as a benign leader or their champion

Indian Prime Minister Narendra Modi and China's President Xi Jinping attend the BRICS summit meeting in Johannesburg, South Africa, July 27, 2018.

March 22, 2024

Climate Change
How Big a Climate Threat Are Atmospheric Rivers?

Atmospheric rivers are gaining in intensity across California and the western United States. Communities need to adapt to the havoc wrought by this weather phenomenon.

A brown river threatens to overflow alongside a highway.

December 1, 2023

Climate Change
Climate, Conflict, and COP28: The Burden on Unstable Regions

In Dubai, leaders should focus their attention on policy solutions for vulnerable regions where climate change is amplifying the consequences of armed conflict and compounding failures of governance…

A vehicle with Somali National Army soldiers passes a group of goat carcasses lie on ground formerly used for pasture by local herders on October 17,2022 near Doolow in the Gedo region of South West Somalia.

December 17, 2020

2020 in Review
Visualizing 2021: Trends to Watch

CFR experts illustrate the trends to track in the coming years.