Nation-building abroad has become a neuralgic term in American politics. Opposition to nation-building abroad is one of the few things that President Barack Obama and Donald Trump can agree on. And y…

Although local communities decide where and how development occurs, the federal government pays for those decisions when disaster strikes. In the face of climate change, the federal government should…

Benn Steil and Dinah Walker argue that the ECB's bank stress tests will roil rather than calm markets if recapitalization funds are not set aside in advance, as they were in the case of the highly successful U.S. tests in 2009.

With the increase in subnational international activity, the United States should create an appropriately staffed office within the State Department to serve as a facilitator. This achievable bureaucratic reform would enable the U.S. government to appropriately facilitate activity already underway, enlist city and state leaders as allies in U.S. diplomacy, and prevent policy confusion.

Read Edward Alden's accompanying blog post. Each year, U.S. state and local governments spend tens of billions of dollars to lure or retain business investment. The subsidies waste scarce taxpayer…