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October 15, 2013

Fossil Fuels
The Shale Gas and Tight Oil Boom

Introduction U.S. policymakers have been concerned about the country's dependence on imported energy since World War II. Those concerns were highlighted in the 1970s when episodes of sharply risin…

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September 11, 2007

Iraq
CFR Fellows Respond to Iraq Testimony

Following congressional testimony by General David Petraeus and Ambassador Ryan C. Crocker, the top two U.S. officials in Iraq, six CFR experts offered their own insights. Peter Beinart: Decision …

November 30, 2011

Myanmar
Conditional Normalization with Myanmar

Over the past year, Myanmar, ruled for five decades by the military, has undergone its most dramatic reforms in decades. A new civilian government has begun opening the economy, freeing political pri…

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November 4, 2013

Budget, Debt, and Deficits
Global Economics Monthly: November 2013

Bottom Line: The October U.S. budget agreement provides a short respite, with a new spending showdown likely in January. Although the debt limit extension may last until the summer, the costs of our …

May 4, 2016

Venezuela
Global Economics Monthly: May 2016

Bottom Line: The crisis in Venezuela continues to escalate, with no recovery or relief in sight. A messy and chaotic default looms, and the rescue will likely involve a tough adjustment program, larg…

January 11, 2016

Financial Markets
Global Economics Monthly: January 2016

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that 2016 looks set to be a volatile year in which geopolitics and hard-to-quantify policy dilemmas create significant uncertainty in markets. Policymakers will be asked to make tough decisions about where and when to intervene in markets at a time when their capacity to deal with crisis is increasing challenged, suggesting the road ahead could continue to be bumpy.

September 9, 2014

Europe and Eurasia
Global Economics Monthly: September 2014

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that while markets have been relatively sanguine in their outlook, weakness in Europe may force them to reevaluate.

October 7, 1999

Trade
The Diminishing Returns to Export-Led Growth

Overview In the 1970s and 1980s, there was a tremendous sea-change in development policy thinking, among both academic economists and policymakers. The inward-oriented, import-substitution strateg…

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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.

December 1, 1999

Emerging Markets
Building the Financial Infrastructure for Middle Class Emerging Economies

Overview The export-led growth model for emerging economies is driven by their need to service external debt and build foreign exchange reserves. It has foundered in the aftermath of financial cri…

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