Economics & Global Affairs

82 Items

An investor monitors stock prices in Beijing after U.S. President Donald Trump re-imposes sanctions on Iran, May 19, 2018.

Ng Han Guan (AP)

Analysis & Opinions - The Diplomat

To Manage Great Power Competition, America Needs a New Economic Patriot Act

| Apr. 17, 2019

Shifts in the global economy have altered Washington’s sanctions calculus. In today’s era of great power competition, priority threats are no longer rogue states with little economic clout but nations with systemically important financial institutions and economic linkages. Russia and China top the list.

America’s sanctions strategy, however, hasn’t evolved to meet this challenge. Section 311 of the Patriot Act remains a powerful tool, but its collateral costs are too high to confront banks that are too big to fail. It’s time for a new Economic Patriot Act that can provide the scalpel-like instruments Washington needs to thwart our adversaries with speed and precision.

The Chinese flag displayed at the Russian booth of import fair.

(AP Photo/Ng Han Guan)

Analysis & Opinions - The National Interest

China and Russia: A Strategic Alliance in the Making

| Dec. 14, 2018

THE YEAR before he died in 2017, one of America’s leading twentieth-century strategic thinkers, Zbigniew Brzezinski, sounded an alarm. In analyzing threats to American security, “the most dangerous scenario,” he warned, would be “a grand coalition of China and Russia…united not by ideology but by complementary grievances.” This coalition “would be reminiscent in scale and scope of the challenge once posed by the Sino-Soviet bloc, though this time China would likely be the leader and Russia the follower.”

Russia's Energy Foray into Asia: Implications for U.S. Interests

kees torn/Flickr

Paper - National Bureau of Asian Research

Russia's Energy Foray into Asia: Implications for U.S. Interests

This essay examines Russia’s growing role in Asia’s energy markets, assesses the implications for the U.S., and examines the claim that closer Sino-Russian energy ties are adding new incentives for a broader strategic alignment.

President George H.W. Bush

Associated Press

Analysis & Opinions - Foreign Policy

Once Upon a Time, U.S. Foreign Policy Worked

| Dec. 02, 2018

George H.W. Bush's administration was evidence of what the establishment was capable of. I worked on the State Department’s Policy Planning Staff during the last two years of the late President George H.W. Bush’s administration. It was my first job in government and an extraordinary period in world history. As I came on board at Foggy Bottom, Bush had just facilitated Germany’s unification. The international coalition that he’d mobilized was in the process of evicting Saddam Hussein from Kuwait. In a few months’ time, Bush would help manage the peaceful unraveling of the Soviet Union and the launch of historic peace talks between Israel and its Arab neighbors via the Madrid process.

One Fewer Reason to Be Nervous About the G-20 This Weekend

Gage Skidmore/Flickr

Analysis & Opinions - Bloomberg Opinion

One Fewer Reason to Be Nervous About the G-20 This Weekend

| Nov. 29, 2018

If asked what will be the most consequential meeting this weekend in Argentina at the G-20, you might have a hard time making up your mind. You’d have good reason to choose a) the Trump-Xi bilateral. But b), the gathering to sign the new Nafta deal, could also go awry. If you are like me, you are relieved that c), the Trump-Putin meeting, is now off the table.