August 20, 2018European Union
In July 2018, the Council on Foreign Relations’ Center for Preventive Action convened a workshop to examine areas of cooperation between the United States and the European Union. The workshop was mad…
October 16, 2017China
To counter security threats of Chinese investment in U.S. critical technology, policymakers should boost innovation in the U.S. economy as a way to maintain a technological edge rather than seek to block or restrict Chinese investment or to limit the export of certain technologies.
September 15, 2017Digital Policy
A renegotiated North American Free Trade Agreement could set the gold standard for digital free trade, an opportunity the Trump administration should not miss.
March 15, 2017Greece
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn writes that Greece and its creditors are again locked in a showdown over reforms, cash, and debt relief. Another cliff-hanger ahead of heavy July debt payments looks likely. Extend-and-pretend is a dead end for Greece and an increasingly populist Europe, and a more ambitious agreement seems ruled out by bailout fatigue in creditor countries. Markets are once again underestimating the risks of “Grexit.”
August 22, 2016Brexit
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that markets have absorbed the initial economic shock from Brexit, but navigating the new landscape will remain a challenge. Two months after the vote, the politics of Brexit is producing a lengthy and uncertain renegotiation of Britain’s place in Europe and the world. Such extended uncertainty is likely to produce a long-lasting drag on both UK and European economies, which could ultimately threaten the viability of the European Union (EU).
July 18, 2016Russia
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.