Published: Wed, 22 Feb 2017 17:15:53 -0500
Last Build Date: Wed, 22 Feb 2017 17:15:53 -0500Copyright: Copyright 2017 by the Council on Foreign Relations. All Rights Reserved.
Fri, 17 Feb 2017 09:56:18 -0500
President Trump asserts that the U.S. economy is a disaster and that he alone can fix it. The truth is that the U.S. economy is doing better than most Americans realize, and activist attempts to fix what ain’t broke are one of the gravest threats to it. What’s at stake is not simply that the president is vague or wrong about the facts. It’s that bad facts make for bad policy.
Thu, 16 Feb 2017 09:21:55 -0500
When then-President Bill Clinton signed the North American Free Trade Agreement in a White House ceremony in December 1993, he called it “a defining moment” for the United States and praised Mexico and Canada as “our partners in the future that we are trying to make together.” All three countries had made what then seemed like an irreversible decision to marry their economic futures. Yet today, less than a quarter-century later, those bonds are badly fraying.
Mon, 13 Feb 2017 15:08:10 -0500
Benn Steil and Emma Smith show how China mirrors the U.S. “exorbitant privilege” from minting the world’s primary reserve currency. While the United States is deeply indebted to the rest of the world, it still earns far more abroad than it pays out. China, in contrast, has become the world’s largest creditor while paying foreigners far more than it receives. Steil and Smith argue that China is making itself vulnerable to financial crisis by massively subsidizing its geostrategic objectives.
Mon, 13 Feb 2017 15:03:11 -0500
We’re nearing the threshold used to estimate how low unemployment can get before inflation rises. Will the Fed raise interest rates?
Sat, 04 Feb 2017 11:45:02 -0500
Donald Trump came to Washington determined to shake up America’s economic relations with the world, to pursue what he has unapologetically called an “America first” strategy “to benefit American workers and American families." At the heart of that strategy is restoring manufacturing to its former glory, writes Edward Alden.
Wed, 01 Feb 2017 10:39:37 -0500
Experts discuss trends in the global economy.
Fri, 27 Jan 2017 16:00:54 -0500
Cyber threats are escalating in sophistication and magnitude, but mistrust between Washington and Silicon Valley continues to stymie progress on cybersecurity. In a new Council Special Report, Adam Segal examines the security risks exacerbated by the divide between government and the technology community and offers policy recommendations to help restore trust.
Thu, 26 Jan 2017 14:56:02 -0500
Former United States Trade Representative (USTR) Michael Froman will join the Council on Foreign Relations (CFR) this month as a distinguished fellow, where his work will focus on international economic policy and trends, trade and investment policy, and globalization and populism.
Thu, 26 Jan 2017 11:53:29 -0500
President Donald J. Trump has wide latitude to enact the sweeping changes to U.S. foreign policy that he has promised, but his executive authority is constrained by congressional legislation, treaty obligations, and bureaucratic processes.
Wed, 25 Jan 2017 18:18:48 -0500
CFR's James M. Lindsay, Robert McMahon, and Sebastian Mallaby examine President Donald Trump's priorities on Brexit.
Mon, 23 Jan 2017 16:25:25 -0500
Brian Moynihan discusses U.S. and global markets, the global financial system in 2017, and how the banking industry is helping to drive the real economy.
Sun, 22 Jan 2017 15:42:01 -0500
Argentine President Mauricio Macri and his team can take a bow for their first year in office. Despite Macri’s outsider status and his party’s limited influence in the Congress, he in short order took on the country’s biggest economic distortions—unifying the exchange rate, resolving the fight with international creditors, cutting energy subsidies, reestablishing credible statistics, and eliminating a whole host of tariffs, quotas, and export licenses.
Fri, 20 Jan 2017 16:46:41 -0500
Experts discuss trends in the global economy.
Fri, 20 Jan 2017 12:10:05 -0500
Britons have taken a leap into the unknown. So why aren’t they scared?
Tue, 17 Jan 2017 16:15:45 -0500
Germany’s foreign minister reports “astonishment and agitation.” The French president protests indignantly about unsolicited “outside advice .” Even Secretary of State John F. Kerry sees behavior that is “inappropriate.” President-elect Donald Trump’s weekend interview, in which he casually predicted the breakup of the European Union, has certainly attracted attention.
Mon, 16 Jan 2017 16:05:46 -0500
The Davos set ignored the warning signs for years. Now, global elites are rightly worried about what comes next.
Thu, 12 Jan 2017 14:44:07 -0500
Joshua Kurlantzick discusses economic responses in Asia to uncertainty over President-Elect Trump’s policies on trade.
Wed, 11 Jan 2017 09:53:41 -0500
In this interview with Maurits Elen of The Diplomat, Robert Rubin shares his vision on Sino-American relations in the new Trump era.
Tue, 10 Jan 2017 10:54:37 -0500
When Rex Tillerson, Exxon Mobil Corp.’s longtime chief executive and now Donald Trump’s choice to be secretary of state, appears before the Senate Foreign Relations Committee on Wednesday, he will get a lot of questions about his relationship with Russian President Vladimir Putin. If senators want a better conversation with Mr. Tillerson, they should get him to acknowledge—or dispute—the basic facts of Russian-American relations. Stephen Sestanovich presents three questions aimed at getting Tillerson to admit how much sanctions have accomplished.
Sun, 01 Jan 2017 12:13:55 -0500
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn writes that markets showed impressive resilience in the face of a range of geopolitical shocks in 2016, but recent market moves suggest this year could be different. A greater range of possible, if unlikely, political challenges, as well as U.S. monetary policy normalization, could bring a crisis back to the fore.
Tue, 27 Dec 2016 10:31:28 -0500
In the wake of a turbulent 2016, four experts analyze what’s in store for the global economy in the coming year, from China’s rebalancing efforts to the rise of populism in Europe.
Thu, 15 Dec 2016 13:42:30 -0500
Women’s economic advancement is a primary driver of economic growth and development. In this roundtable, Shauna Olney addresses gender inequalities across a variety of labor market indicators, including quantity and quality of jobs. She also discusses the policies that are necessary to improve women’s labor market participation.
Wed, 14 Dec 2016 12:28:13 -0500
Martha Chen addressed the overrepresentation of women in the informal economy and the challenges they face – including low earnings and lack of social protections, which reinforce the cycle of poverty. She also discussed the resources women need to overcome these challenges and the strategic imperative for more inclusive and equitable policy.
Thu, 08 Dec 2016 13:58:37 -0500
Edward Alden discusses Failure to Adjust: How Americans Got Left Behind in the Global Economy.
Wed, 07 Dec 2016 12:00:58 -0500
Tyler Cowen discusses the prospects for a “cell phones instead of automobile factories” model of economic growth and prosperity.
Tue, 06 Dec 2016 17:20:04 -0500
The international development financing landscape is changing. Today, official development assistance now comprises only 2 percent of financing flows in the developing world. New approaches to financing are needed to address pressing development challenges, including persistent inequalities for women and girls. Drawing upon their respective experiences, Fairhurst, Roberts, and Messing discuss two promising financing mechanisms: strategic philanthropy and impact bonds.
Tue, 06 Dec 2016 11:13:55 -0500
International financial flows have declined significantly since 2008, and world trade is stagnating. Rather than portending a period of de-globalization, Sebastian Mallaby analyzes the data more closely to suggest a reset, not a reversal, of globalization.
Fri, 02 Dec 2016 09:47:52 -0500
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.
Thu, 01 Dec 2016 12:09:45 -0500
Italy’s vote on constitutional reforms, which may determine whether the country can escape its economic doldrums and rescue its ailing banking system, could have consequences for all of Europe, says CFR’s Robert Kahn.
Wed, 30 Nov 2016 12:00:24 -0500
Edward Alden discusses how the past four decades of U.S. trade and economic policy left many Americans behind in the global economy, and what the next administration might do to address this trend.