Books & Reports
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Bottom Line: Emerging markets face the greatest risk of contagion from a hard landing in China. The threat seems modest compared to the Asian financial crisis or Great Recession, but, in the event of…
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Overview Corporate average fuel economy (CAFE) standards, which require automakers to achieve government-mandated targets for the efficiency of the vehicles they sell each year, can reduce U.S. re…
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Policymakers around the world are increasingly concerned about the security of information and communications technology (ICT) supply chains. As governments rely more on ICT to conduct services, they…
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Bottom Line: Experts disagree about whether China faces a hard landing, but emerging markets pose a growing risk to the global recovery. Two months ago, a seemingly innocuous change in the way Chi…
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Overview Ukraine faces two severe and immediate challenges: armed pro-Russian separatists in the eastern part of the country and a sharp, nationwide economic deterioration stemming in no small par…
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Overview Deforestation is a major man-made source of greenhouse gas emissions, and is especially significant in countries with large tropical forests, including Brazil and Indonesia as well as cou…
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Introduction As offensive cyber activity becomes more prevalent, policymakers will be challenged to develop proportionate responses to disruptive or destructive attacks. Already, there has been si…
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Bottom Line: China’s request to include its currency, the renminbi (RMB), in an International Monetary Fund (IMF) currency basket is political as much as economic in intent and effect. The IMF is lik…
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Bottom Line: If Greece exits the eurozone, introducing a new currency could occur quickly; getting the policies right is the more difficult challenge facing the country. Greece is engaged in last-…
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Overview For decades, oil prices have influenced the outlook for alternatives to oil and policies that support those alternatives. Expensive oil makes substitutes more appealing; cheap oil makes t…
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Overview In recent years, frugal and reverse innovation have gained attention as potential strategies for increasing the quality and accessibility of health care while slowing the growth in its co…
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Overview South Korea can best influence the global agenda by committing sufficient resources to sustainable development, financial stability, nuclear governance, and green growth, argues Scott A. …
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Bottom Line: President Barack Obama’s proposal for trade promotion authority (TPA) hangs by a thread; whatever the outcome, the debate over currency policy will remain center stage on Capitol Hill. A…
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The use of social media and other Internet-enabled communications by the self-proclaimed Islamic State is pushing the United States and other democracies to react to the abuse of liberal freedoms by …
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Overview Subsidies that encourage fossil fuel consumption cost governments an estimated $500 billion annually and have vexed policymakers for years. The Maurice R. Greenberg Center for Geoeconomic…
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Overview As countries around the world struggle to combat major global challenges from terrorism to climate change, a Council of Councils Report Card on International Cooperation finds that multil…
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Bottom Line: Throughout the slow global recovery from the Great Recession, central banks have struggled to provide sufficient monetary stimulus to meet their targets for inflation and growth. It is t…
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Bottom Line: If the past is any guide, the decisions now confronting the Greek government about who to pay and who not to—the politics of arrears—will present a critical challenge and likely define t…
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The United States defined its preferred cyberspace norms—Internet openness, security, liberty, free speech, and with minimal government oversight and surveillance—in its 2011 International Strategy f…
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Bottom Line: New clauses in sovereign debt contracts will make it much harder for holdout creditors to disrupt future bond restructurings. This move is a step forward, but policymakers now need to fi…
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Overview Synthetic biology is a relatively new field that aims to make biology easier to engineer and more amenable to rational design. As the field expands, synthetic biology may become a pervasi…
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Bottom Line: January provided a healthy reminder that debt overhangs do not go away. Eventually they undermine the economy and politics of the debtor country. What lessons will be learned? Soverei…
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Foreign ownership of U.S. assets has increased significantly since 1945, growing especially quickly over the past two decades. This growth is the result of a general increase in cross-border investme…
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Overview In the spring of 2013, South Korean President Park Geun-hye proposed the Northeast Asia Peace and Cooperation Initiative (NAPCI), a forum for institutionalized cooperation that the region…