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June 26, 2018

Monetary Policy
Global Monetary Policy Divergence and the Reemergence of Global Imbalances

To minimize the risk of greater global imbalances, U.S. policymakers should rethink U.S. fiscal policy and focus on the transatlantic imbalances, not the bilateral trade deficit with China.

IIGG Monetary policy

November 29, 2017

North Korea
The Challenge From North Korea

This Global Governance Working Paper is a new feature of the Council of Councils (CoC), an initiative of the Council on Foreign Relations. Targeting critical global problems where new, creative think…

A rally celebrating the success of a recent nuclear test is held in Kim Il Sung square.

October 18, 2017

Digital Policy
The Rise of Digital Protectionism

In July 2017, the Council on Foreign Relations’ Maurice R. Greenberg Center for Geoeconomic Studies held a workshop to examine the drivers behind digital protectionism in Asia and Europe, its implica…

A woman hovers a mouse over the Google and European Union logos in this April 15, 2015 photo illustration.

May 17, 2017

Cybersecurity
Transforming Election Cybersecurity

The events of the 2016 U.S. election demonstrate that more high-level political action is required to manage real and perceived cyber vulnerabilities in election systems.

April 10, 2017

Sub-Saharan Africa
How the Trump Administration Can Help Combat Kleptocracy in Africa

A policy of combating kleptocracy across sub-Saharan Africa would strengthen the national security of the United States, and the Donald J. Trump administration should start with Nigeria and South Africa.

How the Trump Administration Can Help Combat Kleptocracy in Africa header

November 21, 2016

Defense and Security
Mending the Broken Dialogue

Overview As commander in chief of the armed forces, the president of the United States bears great responsibility in determining when and how to use military force. To make such decisions, the pre…

Mending the Broken Dialogue cover

October 19, 2016

Northeast Asia
The Return of the East Asian Savings Glut

Overview The combined savings of China, Japan, Korea, Taiwan, and the two city-states of Hong Kong and Singapore is about 40 percent of their collective GDP, a thirty-five-year high. No other regi…

The Return of the East Asian Savings Glut header

September 26, 2016

Trade
A Winning Trade Policy for the United States

Overview The once-bipartisan consensus favoring agreements that reduce barriers to trade and investment has broken down, largely because of a decades-long failure of policy to facilitate the adjus…

A Winning Trade Policy for  the United States header

September 12, 2016

G20 (Group of Twenty)
Global Economics Monthly: September 2016

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that at the Group of Twenty (G20) Summit in Hangzhou, China, leaders called for governments to do more to support growth, but offered little in the way of new measures. Quietly, and away from the G20 spotlight, fiscal policy is becoming more expansionary, but current policies are unlikely to provide a meaningful boost to growth or soothe rising populist pressures.

July 18, 2016

Russia
Global Economics Monthly: July 2016

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that summer has seemingly brought a new optimism about the Russian economy. Russia’s economic downturn is coming to an end, and markets have outperformed amidst global turbulence. But the coming recovery is likely to be tepid, constrained by deficits and poor structural policies, and sanctions will continue to bite. Brexit-related concerns are also likely to weigh on oil prices and demand. All this suggests that Russia’s economy will have a limited capacity to respond to future shocks.