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.”
February 21, 2017Digital Policy
After almost two decades of overseeing the internet naming and addressing system, the U.S. government transferred the responsibility to a coalition of industry, civil society, and government stakehol…
January 31, 2017Middle East and North Africa
Overview Unmanned aerial vehicles, or drones, serve a host of military functions. Although they are predominantly used for surveillance, they are also increasingly used as remotely operated weapon…
December 2, 2016Financial Markets
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn writes that financial markets rallied following the U.S. election, on hopes that President-Elect Donald J. Trump’s fiscal stimulus and deregulation initiatives would spur corporate profits and growth. Perhaps so, but a strong case could be made for the opposite: that Trump’s economic agenda will prove disruptive to trade and growth, face growing headwinds in Congress, and exert a contractionary impact on the U.S. economy.
September 12, 2016G20 (Group of Twenty)
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that at the Group of Twenty (G20) Summit in Hangzhou, China, leaders called for governments to do more to support growth, but offered little in the way of new measures. Quietly, and away from the G20 spotlight, fiscal policy is becoming more expansionary, but current policies are unlikely to provide a meaningful boost to growth or soothe rising populist pressures.
February 1, 2016Infrastructure
In the first installment of the Renewing America Progress Report and Scorecards, "Road to Nowhere: Federal Transportation Infrastructure Policy" provides a critical assessment of federal transportation policy, including background on major policy initiatives and analysis of what's needed to start moving forward.
February 3, 2016Asia
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that the idea of capital control is less radical than it seems; although comprehensive liberalization is theoretically the ideal option, capital controls may be China’s best chance to end the panic roiling global markets.
December 11, 2015South Korea
Overview Korean unification could arguably occur within the next decade. No other country in the world is as diplomatically isolated as North Korea. Even its closest ally and benefactor, China, is…