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September 20, 2019

Trade
Why Global Trade Imbalances Could Get Worse Before They Get Better…

Transatlantic imbalances reflect Europe's demand deficit, which should be easy to solve (but isn't). Transpacific imbalances haven't disappeared. And are likely harder to solve, as they stem from an …

Banco De Espana Conference on Global Imbalances and Capital Flows in the Era of New Technologies

August 20, 2019

United States
Back-to-School Reading Special

Every year CFR.org editor Bob McMahon and I record a summer reading episode of CFR’s “The World Next Week” podcast. We usually do it in June as we entertain visions of leisurely summer days yet to co…

Books

May 24, 2006

Monetary Policy
Martin Feldstein is right

Felstein has argued that more “competitive” dollar would contribute to reducing the US trade deficit, and at least help to slow the rise in the US current account deficit.  I agree – though I would t…

feldstein1

March 11, 2019

Cybersecurity
Chinese Hackers are Stealing U.S. Defense Secrets: Here is How to Stop Them

The United States clearly recognizes that it can do more to counter IP theft of national security assets.

A Chinese woman rides past Beijing Intermediate People's Court in Beijing July 24, 2001.

February 26, 2019

Americas
Latin America’s Right Turn Could Draw Its Economies Closer

The ascent of leaders who favor free trade opens space for real integration.

Argentina's President Mauricio Macri shakes hands with Brazil's President Jair Bolsonaro during a meeting in Brasilia, Brazil January 16, 2019.

February 8, 2019

Democratic Republic of Congo
An Alternative Perspective on the U.S. Decision to Recognize Tshisekedi

In the daily Africa in Transition blog, on February 6, 2019, Ambassador Michelle Gavin, a Senior Fellow at the Council on Foreign Relations Africa Program, harshly criticized the United States government’s policy toward the December 2018 presidential election in the Democratic Republic of the Congo.

DRC-Congo-Kinshasa-Tshisekedi-Inauguration

January 14, 2019

Democratic Republic of Congo
Accountability Lacking in Congo Election Debate

The Democratic Republic of the Congo’s complicated and long-delayed elections ended with a surprise twist. Right now, it appears that Tshisekedi owes his victory to Kabila and the People's Party for Reconstruction and Democracy. That loss of connective tissue to the citizens of the country distorts accountability in ways unlikely to deliver the relief from predatory governance that the Congolese people crave.

Supporters of the runner-up in Democratic Republic of Congo's presidential election, Martin Fayulu hold a sign before a political rally in Kinshasa, Democratic Republic of Congo, January 11, 2019.

October 4, 2006

United States
Martin Wolf: The US had no choice …

Stephen Roach thinks that China’s exchange rate policy plays (almost) no role in an unbalanced world; it all stems from the Bush Administration’s loose fiscal and the Fed’s loose monetary policy.  St…

January 9, 2006

United States
Martin Feldstein joins the dollar doomsday cult

Stephen Kirchner take note.  Alan Greenspan, too.  Dr. Feldstein thinks central banks -- and oil sheiks -- are behind a lot of private flows into the US.  And he doesn't seem convinced that this …

June 28, 2005

United States
More wisdom from Martin Wolf

Having laid out the problem on Monday, Martin Wolf offers his solutions in tomorrow’s Financial Times. He presents three answers to the question "what is to be done"One answer is: nothing. Let each c…