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November 10, 2018

United States
Happy 243rd Birthday to the United States Marine Corps!

The Marine Corps turns 243 years-old today. On November 10, 1775, the Continental Congress adopted a resolution to create a Marine force composed of two battalions. Since then, the Marines have been …

USMC birthday

November 1, 2018

International Organizations
The IMF: The World’s Controversial Financial Firefighter

The International Monetary Fund, both criticized and lauded for its efforts to promote financial stability, continues to find itself at the forefront of global economic crisis management.

IMF Director Christine Lagarde

February 1, 2018

Infrastructure
Bipartisanship on Infrastructure? Not So Fast

A bipartisan deal on infrastructure seems doable—but with the devil in the details, it is much harder than it looks.

Construction/Infrastructure/Reuters

September 25, 2018

United States
“Russia is the first instance of a socialist economy in action. And it works!” My transcription of an H.D. White essay.

“Political Economic Int. of Future,” by Harry Dexter White (c.1944) In 2013, I published an historical narrative entitled The Battle of Bretton Woods: John Maynard Keynes, Harry Dex…

Essay First Page

September 6, 2018

Human Rights
Human Rights Safeguards Take a Backseat in New Global Economics Institutions

As states struggle to balance commercial interests with the promotion of human rights, social safeguards in trade and loan agreements—often included at the insistence of Western countries—are increas…

Labourers work at a garment factory in Bac Giang province, near Hanoi October 21, 2015.

September 10, 2013

Europe and Eurasia
The Battle of Bretton Woods

Teaching Notes on The Battle of Bretton Woods by CFR Senior Fellow Benn Steil.

The-Battle-of-Bretton-Woods.jpg

May 25, 2017

United States
How to Fix the Trump Plan to Fix Our Infrastructure

In an uncharacteristically low-profile manner, the Trump administration included a high-level preview of how it intends to tackle America’s infrastructure deficit in the 2018 budget request it submit…

U.S. aging road and infrastructure

June 30, 2014

Global
Bretton Woods Lessons

The 1944 Bretton Woods conference ensured a leading role for Washington in the global financial system but also contributed to present-day problems that will be difficult to fix, says CFR’s Benn Stei…

September 4, 2014

China
Notable Quotables From THE BATTLE OF BRETTON WOODS

“The various currencies, which were all maintained on a stable basis in relation to gold and to one another, facilitated the easy flow of capital and of trade to an extent the full value of which …

Notable Quotables From THE BATTLE OF BRETTON WOODS

October 3, 2006

Monetary Policy
Bretton Woods 2 lives

The IMF released its data on global reserve growth on Friday.   And – to no one’s real surprise – the IMF data indicated that there is one key reason why capital flows uphill in today’s global econom…