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81. The Fight Against ISIS: Shiite Militias and the Coalition Effort

Author:
Michael Knights, Phillip Smyth, and P.J. Dermer
Publication Date:
02-2015
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
On February 6, 2015, Michael Knights, Phillip Smyth, and P.J. Dermer addressed a Policy Forum at The Washington Institute. Knights is an Institute Lafer Fellow and author of the Institute study The Long Haul: Rebooting U.S. Security Cooperation in Iraq. Smyth is a researcher at the University of Maryland and author of the Institute study The Shiite Jihad in Syria and Its Regional Effects. Dermer is a retired U.S. Army colonel who served multiple tours in the Middle East, including two in Iraq. The following is a rapporteur's summary of their remarks.
Political Geography:
United States, Iraq, and Middle East

82. The Islamic State's Expansion in Libya

Author:
Andrew Engel
Publication Date:
02-2015
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Earlier this month, Aref Ali Nayed -- Libya's ambassador to the UAE and former lead coordinator of the Libya Stabilization Team -- visited Washington to address the "Islamic State"/ISIS presence in his country. In his view, the group is rapidly expanding and may threaten Europe, though the U.S. government assessment is less certain -- some American intelligence officials believe Nayed may be overstating his case, but U.S. Ambassador to Libya Deborah Jones asked in a February 4 tweet whether "a divided Libya" can withstand ISIS. Indeed, the group has dramatically increased its physical and media presence in Libya since the Islamic Youth Shura Council (IYSC) of Darnah pledged allegiance to it last October, after which ISIS leader Abu Bakr al-Baghdadi recognized the Libyan "provinces" of Barqa (Cyrenaica), Tripolitania, and Fezzan as belonging to his self-styled "caliphate." At the same time, the group's supporters online have been aggressively recruiting while making the case for ISIS expansion in Libya and a new strategy in North Africa.
Political Geography:
United States, Libya, and North Africa

83. The Arctic Council Leadership Merry-go-round: Words of Advice as the United States Assumes the Arctic Council Chairmanship

Author:
Jennifer Spence
Publication Date:
01-2015
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
In April 2015, Canada will hand the chairmanship of the Arctic Council to the United States. As the chair, the United States will have an opportunity to shape the priorities of the Arctic Council for the next two years and communicate its vision for the future of the circumpolar region. In anticipation of acquiring this leadership role, the United States first provided a sense of its vision for the chairmanship on September 30, 2014 in Washington, DC, during the Passing the Arctic Council Torch conference supported by the Center for Strategic and International Studies and the Centre for International Governance Innovation.
Political Geography:
United States, Washington, and Canada

84. TSG IntelBrief: Iran Deal Remains Elusive

Publication Date:
04-2015
Content Type:
Policy Brief
Institution:
The Soufan Group
Abstract:
Iran and the P5+1 countries are expected to issue a joint statement today that outlines most aspects of a comprehensive nuclear deal, but defers some still thorny issues to further talks A key remaining sticking point is Iran's demand for immediate and comprehensive lifting of sanctions, which the P5+1 cannot accept The United States is attempting to reassure nervous regional partners, such as Israel and Arab Gulf states, that the U.S. is not making too many concessions for the sake of a deal U.S. allies in the region are concerned that lifting sanctions, even if done gradually, will enable Iran to provide even more military and financial aid to the Assad regime in Syria, Shi'a militias in Iraq, and the Houthi movement in Yemen.
Topic:
Government
Political Geography:
United States, Iraq, Yemen, and Syria

85. A Transatlantic Approach for the Arab World: Stability through Inclusivity, Good Governance, and Prosperity

Author:
Amy Hawthorne, Frances G. Burwell, and Danya Greenfield
Publication Date:
01-2015
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
A new Atlantic Council report warns against the tendency of Europe and the United States to sideline political and economic reform in the Middle East while they pursue urgent security priorities in this turbulent region. Instead, the transatlantic partners should forge a shared strategy to encourage political systems that can protect Arab citizens' basic rights, provide security, deliver broad prosperity, and mitigate violent extremism.
Political Geography:
United States, Europe, and Middle East

86. False Dichotomy: Stability Versus Reform in the Arab World

Author:
Danya Greenfield and Faysal Itani
Publication Date:
02-2015
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
To cling to current short-sighted policies and to help sustain dysfunctional states in the Middle East for the sake of short-term security would condemn the region to poverty and further instability, which threaten to have negative consequences for US interests.
Political Geography:
United States and Middle East

87. Overcoming Barriers to U.S.-China Cooperation

Author:
Maral Noori, Daniel Jasper, and Jason Tower
Publication Date:
08-2015
Content Type:
Policy Brief
Abstract:
In 2011, U.S. president Barack Obama announced plans to "pivot" toward Asia. In 2012, Chinese president Xi Jinping expressed his hope for "a new type of relationship" with the United States. A lack of strategic trust between the two countries, however, prevents critically needed productive cooperation. This Peace Brief addresses the misunderstandings behind this mistrust and a possible way to move beyond them.
Topic:
Conflict Prevention, Diplomacy, and Bilateral Relations
Political Geography:
United States and China

88. Quantity Theory of Money Redux? Will Inflation Be the Legacy of Quantitative Easing?

Author:
William R. Cline
Publication Date:
05-2015
Content Type:
Policy Brief
Abstract:
Since the onset of the Federal Reserve's unconventional program of large scale asset purchases, known as quantitative easing (QE), some economists and financial practitioners have feared that the consequent buildup of the Fed's balance sheet could lead to a large expansion of the money supply, and that such an increase could cause a sharp rise in inflation. So far fears about induced inflation have not been validated. This Policy Brief examines the basis for the original concerns about inflation in terms of the classic quantity theory of money, which holds that inflation occurs when the money supply expands more rapidly than warranted by increases in real production. The Brief first reviews the US experience and shows that whereas rapid money growth might have been a plausible explanation of inflation in the 1960s through the early 1980s, subsequent data have not supported such an explanation. It then shows that the quantity theory of money has not really been put to the test after the Great Recession, because a sharp increase in banks' excess reserves and corresponding sharp decline in the "money multiplier" has meant that the rise in the Federal Reserve's balance sheet has not translated into increased money available to the public in the usual fashion. The most likely aftermath of quantitative easing remains one of benign price behavior. However, if nascent inflationary conditions materialize, the Federal Reserve will need to manage adroitly the large amounts of banks' excess reserves that have accumulated as a consequence of QE in order to limit inflationary pressures.
Topic:
Economics, International Political Economy, International Trade and Finance, and Federal Reserve
Political Geography:
United States

89. Reshoring by US Firms: What Do the Data Say?

Author:
Lindsay Oldenski
Publication Date:
09-2015
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
Reshoring—when firms shift manufacturing production back to the United States—has been getting a great deal of publicity lately. Oldenski examines the most recent data on the global operations of US firms and concludes that although some companies have reversed their previous offshoring decisions, there is no evidence of a widespread reshoring trend. But this should not be considered a defeat for US competitiveness. US multinationals continue to move operations offshore, but they also continue to grow stronger, producing more in their US operations and adding more to total US exports. The structure of US manufacturing has changed, but the ability to adapt to the changing nature of global business has been and will continue to be crucial to the continued growth of US manufacturing.
Topic:
Economics and International Trade and Finance
Political Geography:
United States

90. Chinese Investment and CFIUS: Time for an Updated (and Revised) Perspective

Author:
Theodore Moran
Publication Date:
09-2015
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
For more than a decade, China has complained about what it maintains has been a pattern of erratic and politicized treatment of Chinese investors when they attempt to acquire US companies. The Chinese want the Committee on Foreign Investment in the United States (CFIUS) to be more open and transparent in its rulings and to not discriminate against Chinese firms. The United States is not likely to accede to these demands in any formal or legal manner. Moran proposes practical steps to address the concerns of Chinese investors without diluting CFIUS procedures. He provides a national security threat assessment filter, which allows Chinese investors—like investors of all nationalities—to determine when their proposed acquisitions might pose a genuine threat and when any such threat is simply not plausible. He also suggests that first-time Chinese investors seek expert counsel to overcome the secrecy surrounding CFIUS objections to figure out how to proceed with problematic acquisitions.
Topic:
Economics, Markets, and Foreign Direct Investment
Political Geography:
United States

91. Overcoming Barriers to U.S.-China Cooperation

Author:
Maral Noori, Daniel Jasper, and Jason Tower
Publication Date:
08-2015
Content Type:
Policy Brief
Institution:
United States Institute of Peace
Abstract:
In 2011, U.S. president Barack Obama announced plans to "pivot" toward Asia. In 2012, Chinese president Xi Jinping expressed his hope for "a new type of relationship" with the United States. A lack of strategic trust between the two countries, however, prevents critically needed productive cooperation. This Peace Brief addresses the misunderstandings behind this mistrust and a possible way to move beyond them.
Topic:
International Relations, Communism, Diplomacy, and Bilateral Relations
Political Geography:
United States and China

92. An Assessment of the Korea-China Free Trade Agreement

Author:
Jeffrey Schott, Eujiin Jung, and Cathleen Cimino-Isaacs
Publication Date:
12-2015
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
Of all the free trade agreements (FTAs) concluded by Korea with its major trading partners since the turn of the century, the Korea-China FTA may be the largest in trade terms. It is, however, far from the best in terms of the depth of liberalization and the scope of obligations on trade and investment policies. Korea and China agreed to liberalize a large share of bilateral trade within 20 years, but both sides incorporated extensive exceptions to basic tariff reforms and deferred important market access negotiations on services and investment for several years. Political interests trumped economic objectives, and the negotiated outcome cut too many corners to achieve such a comprehensive result. The limited outcome in the Korea-China talks has two clear implications for economic integration among the northeast Asian countries. First, prospects for the ongoing China-Japan-Korea talks will be limited and unlikely to exceed the Korea-China outcome. Second, Korea and Japan need to strengthen their bilateral leg of the northeast Asian trilateral and the best way is by negotiating a deal in the context of the Trans-Pacific Partnership.
Topic:
Economics, International Trade and Finance, Politics, and Bilateral Relations
Political Geography:
United States, China, Asia, and Korea

93. Estimates of Fundamental Equilibrium Exchange Rates, November 2015

Author:
William R. Cline
Publication Date:
11-2015
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
The latest semiannual fundamental equilibrium exchange rate (FEER) estimates find that the US dollar is now overvalued by about 10 percent, comparable to levels in 2008 through early 2010 and again in 2011. Unlike then, the current strong dollar does not reflect a weak renminbi kept undervalued by major exchange rate intervention by China. Instead, China's current account surplus has fallen sharply relative to GDP, and its recent intervention has been to prevent excessive depreciation rather than to prevent appreciation. Additionally, declines in the real effective exchange rates (REERs) for major emerging-market economies and resource-based advanced economies, driven by falling commodity prices in recent months, have strengthened the dollar. Recent increases in the REERs for the euro area and Japan have removed their modest undervaluation identified in the last FEERs estimates in May, and the Chinese renminbi remains consistent with its FEER. The dollar's rise by nearly 15 percent in real effective terms over the past two years could impose a drag of nearly one-half percent annually on US demand growth over the next five years. As the Federal Reserve moves to normalize US monetary policy, it may need to consider a gentler rise in interest rates than it might otherwise have pursued, both to temper possible further strengthening of the dollar in response to higher interest rates and to help offset the demand compression from falling net export
Topic:
Economics, International Trade and Finance, Monetary Policy, and GDP
Political Geography:
United States and China

94. Why China Won't Abandon Its Nuclear Strategy of Assured Retaliation

Author:
Fiona S. Cunningham and M. Taylor Fravel
Publication Date:
12-2015
Content Type:
Policy Brief
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
Whether China will abandon its long-standing nuclear strategy of assured retaliation for a first-use posture will be a critical factor in U.S.-China strategic stability. In recent years, the United States has been developing strategic capabilities such as missile defenses and conventional long-range strike capabilities that could reduce the effectiveness of China's deterrent. Writings by Chinese strategists and analysts, however, indicate that China is unlikely to abandon its current nuclear strategy.
Topic:
Arms Control and Proliferation, Nuclear Weapons, Weapons of Mass Destruction, Military Strategy, and Bilateral Relations
Political Geography:
United States, China, and East Asia

95. The Iran Nuclear Deal: A Monumental Mistake by the Obama Administration or a New Beginning?

Author:
Al Jazeera Center for Studies
Publication Date:
07-2015
Content Type:
Policy Brief
Institution:
Al Jazeera Center for Studies
Abstract:
The nuclear deal reached between Iran and the P5+1, China, France, Germany, Russia, the United States and the United Kingdom, will be scrutinized by diplomats, military experts and politicians for months and years to come. Statesmen and politicians will interpret the deal differently and each will vie to use the argument which suites the audience and the domestic base she/he represents. However, the psychological, economic, political, and military implications of the deal on the United States, Europe and many Middle Eastern countries will be monumental. The deal will impact the balance of power in the Middle East and will change its dynamics forever, change the dynamics of the energy markets in Europe, Thus creating tension between Russia and Europe, and will ignite a fierce security debate between Democrats and Republicans in the United States on the culture of regime change and the use of force. The deal will bring the subject of regime change to the political forefront in the US and will raise a serious question on whether the use of force is the only effective mechanism to change the behavior of states in order to achieve favorable outcomes. Both Republicans and Democrats used force as a tool for regime change, however the Obama administration is a advocating for new means: diplomacy.
Topic:
Security, Nuclear Weapons, Treaties and Agreements, Regime Change, and Geopolitics
Political Geography:
Russia, United States, China, United Kingdom, Iran, Middle East, France, and Germany

96. The Future of Work for Low-Income Workers and Families

Author:
Vickie Choltz and Maureen Conway
Publication Date:
12-2015
Content Type:
Policy Brief
Institution:
Aspen Institute
Abstract:
The Future of Work for Low-Income Workers and Families is a policy brief aimed at state policy advocates and policymakers seeking to help low-income workers and their families secure healthy economic livelihoods as the nature of work evolves in the United States. Published by the Working Poor Families Project in December 2015, the brief was written by Vickie Choitz, associate director of the Economic Opportunities Program, with Maureen Conway, vice president at the Aspen Institute and executive director of the Economic Opportunities Program. This brief reviews the major forces shaping the future of work, including changes in labor and employment practices, business models, access to income and benefits, worker rights and voice, education and training, and technology. Across these areas, we are seeing disruptive change in our economy and society resulting in increasing risk and challenges for low-income workers, in particular.
Topic:
Security, Economics, Human Welfare, Social Stratification, and Employment
Political Geography:
United States

97. Reimagining Financial Security: Managing Risk and Building Wealth in an Era of Inequality

Author:
Annie Kim
Publication Date:
12-2015
Content Type:
Policy Brief
Institution:
Aspen Institute
Abstract:
The 2015 Financial Security Summit, titled Reimagining Financial Security: Managing Risk and Building Wealth in an Era of Inequality, took place July 15–17 in Aspen, Colorado. The Summit agenda built on FSP's core themes of expanding retirement security and children’s savings accounts for low- and moderate-income families, and began to explore a broader vision of how to improve short- and long-term dimensions of financial wellbeing in a rapidly changing economy. Participant contributions helped shape new areas of focus for FSP going forward. This report incorporates those insights and provides an outline for future policy dialogue and directions.
Topic:
Security, Economics, Human Welfare, Social Stratification, and Employment
Political Geography:
United States

98. Economic Statecraft: American Economic Power and the New Face of Financial Warfare

Author:
Elizabeth Rosenberg and Zachary K. Goldman
Publication Date:
06-2015
Content Type:
Policy Brief
Institution:
Center for a New American Security (CNAS)
Abstract:
The United States has long relied on its economic power to protect and advance its interests abroad. In an increasingly integrated international financial system, the U.S. economy and capital markets remain the largest in the world by almost every measure. This status affords the United States an important global leadership position and the ability to shape foreign policy outcomes with economic tools. The structure of the international trade and financial system, in which many significant banking and energy transactions as well as currency reserves are denominated in U.S. dollars, reinforces the central role of the United States.
Topic:
Foreign Policy, Economics, Globalization, International Trade and Finance, Markets, and Power Politics
Political Geography:
United States

99. Still Broken: Governments must do more to fix the international corporate tax system

Author:
Francis Weyzig
Publication Date:
11-2015
Content Type:
Policy Brief
Abstract:
The gap between where companies pay tax and where they really do their business is huge, as shown by new research described in this briefing. In 2012, US multinationals alone shifted $500–700bn, mostly to countries where these profits are not taxed, or taxed at very low rates. G20 countries themselves are among the biggest losers. The measures recently announced by the OECD leave the fundamentals of a broken tax system intact and do not stop the race to the bottom in corporate taxation. G20 governments must do more and should strongly support further reforms.
Topic:
International Trade and Finance, Labor Issues, Governance, Budget, G20, and Income Inequality
Political Geography:
United States

100. Uncoordinated Deconfliction' in Syria: A Recipe to Contain, Not Defeat, ISIS

Author:
Andrew J. Tabler
Publication Date:
01-2015
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Washington's nascent policy of "uncoordinated deconfliction" with Bashar al-Assad's regime in the fight against the "Islamic State"/ISIS may not be a formal alliance, but it does have the potential to foster serious problems. The regime's tacit agreement to avoid firing on coalition strike aircraft -- juxtaposed with long delays in the Obama administration's train-and-equip program for the Syrian opposition and the president's October 2014 letter to Iran's Supreme Leader on cooperation against ISIS -- is creating widespread perceptions that the United States is heading into a de facto alliance with Assad and Tehran regarding the jihadists. If Washington continues this policy as is, it will merely contain ISIS, not "defeat" or "destroy" the group as called for by President Obama. Worse, it could lead to a deadly extremist stalemate in Syria between Iranian-backed/Hezbollah forces and jihadists, amplifying threats to U.S. national security interests.
Political Geography:
United States, Washington, and Syria