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via Council on Foreign Relations April 2, 2024

RealEcon Launch: Reimagining American Economic Leadership

With RealEcon, CFR is creating an initiative to study and debate the role of the United States in the international economy. The launch event of this multiyear, multifaceted initiative will explore what the challenges are for U.S. leadership, what is at stake for American interests, and what new approaches would be helpful to rebuild an affirmative consensus on American economic leadership.Chair Jared Bernstein of the Council of Economic Advisers discusses the future of U.S. economic leadership as CFR launches its new RealEcon initiative.Immediately following the conversation with Chair Bernstein, there will be a panel discussion on the new initiative.Members may bring a guest to this event.

Virtual Event with Jared Bernstein, Kirsten Hillman, Michael Froman, Gillian Tett and Matthew P. Goodman April 2, 2024

China

U.S.-China Economic Relations With Jay Shambaugh

Jay Shambaugh discusses U.S.-China macroeconomic engagement and dialogue with Chinese leadership on overcapacity and economic imbalances. The C. Peter McColough Series on International Economics brings the world's foremost economic policymakers and scholars to address members on current topics in international economics and U.S. monetary policy. This meeting series is presented by RealEcon: Reimagining American Economic Leadership, a CFR initiative of the Maurice R. Greenberg Center for Geoeconomic Studies. This meeting is also part of CFR’s China Strategy Initiative. For those attending virtually, log-in information and instructions on how to participate during the question and answer portion will be provided the evening before the event to those who register. Please note the audio, video, and transcript of this meeting will be posted on the CFR website.

Virtual Event with Jay C. Shambaugh, Matthew P. Goodman and Rush Doshi July 10, 2024 Greenberg Center for Geoeconomic Studies

United States

Getting Economic Security Right

National security policymakers are understandably worried about economic risks, but they shouldn’t lose sight of other national interests.

Article by Matthew P. Goodman September 4, 2024 RealEcon

Greenberg Center for Geoeconomic Studies

Aging Will Hit China’s Economy Far Harder Than Is Recognized

Aging is not only shrinking the labor force but damaging productivity—and therefore per capita GDP growth.

Blog Post by Benn Steil and Elisabeth Harding August 28, 2024 Geo-Graphics

China

Chinese State Investors Do Not Seem to Profit From Higher U.S. Interest Rates

Given the size and composition of its external lending, China should be clearing far more interest income on its reserves and policy lending than SAFE reports.

Blog Post by Brad W. Setser September 2, 2024 Follow the Money

RealEcon

Why Progressives Should Embrace Trade and Globalization

Progressive values shaped the postwar international economic system that has procured the benefits of globalization and trade. Will U.S. policymakers remember?

Article by Inu Manak May 30, 2024 RealEcon

China

Tracking China’s Control of Overseas Ports

This interactive map tracks China’s growing maritime influence through investments in strategic overseas ports. Users can plot the location of each port and view satellite images alongside detailed information on the share of Chinese ownership, the total amount of Chinese investment, and the port’s suitability for use by the Chinese military.

Tracker by Zongyuan Zoe Liu August 26, 2024 Asia Program

United Kingdom

Britain’s Postelection Foreign Policy

While July 4 elections are likely to end with Labour beating the Conservatives, voters can expect closer ties with Europe and a stronger emphasis on defense regardless of who wins.

Expert Brief by Sebastian Mallaby June 28, 2024 Europe Program

Trade

The Man Who Would Help Trump Upend the Global Economy

As a potential U.S. Treasury secretary, Robert Lighthizer has more than trade policy to revolutionize.

Article by Edward Alden May 28, 2024 RealEcon

United States

The U.S. Supreme Court’s Chevron Deference Ruling Will Disrupt Climate Policy

The Supreme Court’s recent ruling to limit federal agencies’ power to interpret laws will have major implications for U.S. climate and environmental policies.

Expert Brief by Alice C. Hill August 7, 2024 Energy Security and Climate Change Program

Ukraine

Coming to Ukraine’s Defense: Leveraging the European Investment Bank for Ukrainian Drone Manufacturers

Enhancing support for Ukraine’s military and defense industrial base is top of mind at the NATO Summit last week, especially if the United States should step back after the presidential election. Despite challenges, there are also opportunities for Europe to unlock and catalyze investment in Ukraine’s defense sector through the European Investment Bank.

Article by Heidi Crebo-Rediker July 15, 2024 RealEcon

RealEcon

The Fed’s Trade-Offs as It Navigates Inflation and Growth in 2024

The Federal Reserve’s dual mandate of price stability and maximum employment presents trade-offs as the Fed grapples with the next move of interest rates.

Article by Roger W. Ferguson Jr. May 16, 2024 RealEcon

RealEcon

In Economic Security, Trade-Offs Abound

Policymakers face complex cost-benefit considerations when intervening in the market to mitigate perceived risks, from climate change to competition with China.

Article by Thomas J. Bollyky, Chloe Searchinger, Alice C. Hill, Zongyuan Zoe Liu and Benn Steil May 8, 2024 RealEcon

Colombia

Colombia Isn’t Ready for a New Venezuelan Migration Wave, Plus Bukele’s Mano Dura Threats Won’t Fix the Economy

Petro leaves Colombia ill-equipped to handle a new Venezuelan migration wave; Bukele’s mano dura tactics got results on crime, but won’t fix the economy.

Blog Post by Shannon K. O'Neil and Will Freeman August 7, 2024 Latin America’s Moment