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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…

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.

December 21, 2023

United States
These Eight Charts Show Why Fentanyl Is a Huge Foreign Policy Problem

Overdoses involving fentanyl and other synthetic opioids are the leading cause of death among young Americans and a threat to U.S. public health, the economy, and national security. Combating the epi…

December 19, 2023

Democracy
What a Democratic Russia Would Mean for the United States

When the Soviet Union collapsed more than thirty years ago, American leaders hoped that Russia would embark on a transition to free-market democracy. Shared democratic values, the thinking went, woul…

December 13, 2023

Climate Change
Did the COP28 Summit Give a Boost to Renewable Energy Plans?

Leaders at the UN climate meeting in Dubai signaled a crucial pivot away from fossil fuel use, but significant hurdles remain for a speedy transition to emission-free energy.

An employee connects solar cells at a manufacturing plant in Oragadam, in the south Indian state of Tamil Nadu. Currently, Coal powers 70 percent of India’s electricity generation.

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.

November 30, 2023

China
The Legacy of Henry Kissinger

The passing of America’s preeminent foreign-policy thinker and practitioner marks the end of an era. Throughout his long and extraordinarily influential career, Henry Kissinger built a legacy that Am…

Kissinger

November 28, 2023

Ukraine
Russia Must Be Held Accountable for Alleged Criminal Aggression in Ukraine: Two Paths to Justice

The authors, including a former Minister of Justice and Attorney General of Canada, UN Undersecretary-General for Legal Affairs, Founding Chief Prosecutor of the UN Special Court for Sierra Leone, an…

Flags representing fallen soldiers, including foreign soldiers, are seen in the snow on Independence Square, as Russia's attack on Ukraine continues, in Kyiv, Ukraine, on December 22, 2022.

November 20, 2023

India
The Future of the IMEC Hinges on a Stable West Asia

This multi-state project could establish India, instead of China, as the Asian authority on trade. However, Delhi’s track record on economic corridors is mixed.

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, walks with Indian Prime Minister Narendra Modi during his official visit to Abu Dhabi on July 15, 2023.

November 8, 2023

Trade
Unpacking the IPEF: Biden’s Indo-Pacific Trade Play

One year after the Joe Biden administration unveiled its Indo-Pacific Economic Framework, the agreement still doesn’t look like a traditional trade deal and could end up falling short of its ambition…

Containers are loaded at the Port of Singapore, the second largest port in the world.