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October 13, 2020

Emerging Economies
Reframing the Collective Action Problem in Sovereign Bond Restructuring

A recent white paper from Lazard points out that emerging market sovereign bond holdings are often fairly concentrated among a handful of big players.  The main impediment to collective action may be…

Reframing the Collective Action Problem in Sovereign Bond Restructuring

February 22, 2021

Digital Policy
The Putin Regime Will Never Tire of Imposing Internet Control: Developments in Digital Legislation in Russia

Moscow's recently introduced bills are the latest in a long history of efforts to bring the internet more tightly under its control.

Russian President Vladimir Putin chairs a meeting with government members.

February 22, 2021

Climate Change
The World Is Woefully Unprepared for Climate-Driven Natural Disasters

Disaster preparedness is hard, expensive, time-consuming, and often thankless work. Failure to invest in it can be catastrophic, however.

A man carries a child through a waterlogged road after heavy rainfall in Mumbai, India on September 23, 2020.

February 18, 2021

Currency Reserves
The Dollar Privilege

The dollar is the world’s primary reserve currency, accounting for $6.7 trillion in foreign reserves. This has given the United States what some have called “an exorbitant privilege,” allowing it to …

Podcast A one dollar bill

February 10, 2021

United States
TWE Celebrates Presidents’ Day

Today is Presidents’ Day. It is a TWE tradition to recognize the forty-five men—and they have all been men—who have been president on Presidents’ Day with the following essay. If you are lucky enough…

White House

February 9, 2021

Myanmar
Myanmar’s Troubled History: Coups, Military Rule, and Ethnic Conflict

The military’s recent coup and ongoing violent campaign against the Rohingya minority group have dashed hopes for democratic progress in Myanmar.

A person in a crowd of protesters holds up an image of Myanmar General Min Aung Hliang with a red x drawn over the general's face.

February 8, 2021

Economics
Farewell

I am stepping down from my position at the Council of Foreign Relations to take a new job. That, among other things, means that I will not be blogging here for the foreseeable future. I am enormou…

February 2, 2021

Cuba
U.S.-Cuba Relations

Communist Cuba was a major foreign policy challenge for the United States during the Cold War. Though tensions still linger, the relationship has thawed considerably in recent years.    

A man shows U.S. and Cuban flags at his house in Havana.

February 1, 2021

Climate Change
Envisioning a Green New Deal: A Global Comparison

The Green New Deal has motivated those who want the United States to undertake unprecedented climate action, but it has also drawn backlash. How is the rest of the world grappling with decarbonizatio…

Three workers install a solar panel on the roof of a building in Wuhan, China.

January 29, 2021

Human Trafficking
Preventing Stolen Childhoods: How the U.S. Department of Labor is Combating Child Labor Trafficking

This post is part of the Council on Foreign Relations’ blog series on human trafficking, in which CFR fellows and other leading experts assess new approaches to improve U.S. and global efforts to cur…

U.S. Department of Labor headquarters