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  • Author: David S. Mitchell, Jeremy Smith
  • Publication Date: 01-2016
  • Content Type: Policy Brief
  • Institution: Aspen Institute
  • Abstract: On November 18, 2015, the Obama Administration's Department of Labor (DOL) published two important legal opinions that propose to give states new options for expanding retirement coverage for private-sector workers. These opinions open the door for states to move forward along one of two distinct paths: a payroll deduction plan that avoids ERISA, or a more traditional model that would fall under ERISA. This issue brief summarizes these rules and highlights the tradeoffs state policymakers will face when deciding which of these new avenues to pursue. The brief will be updated once the proposals are finalized.
  • Topic: Economics, Human Welfare, Labor Issues, Governance, Social Movement
  • Political Geography: United States
  • Author: Marek Wasinski
  • Publication Date: 04-2016
  • Content Type: Policy Brief
  • Institution: The Polish Institute of International Affairs
  • Abstract: In a communication of 12 April, the European Commission assessed the potential political and economic consequences of suspending visa exemption for U.S. citizens. Lacking pressure from individual EU Member States, the Commission discouraged such a move and gave the EU Council and European Parliament three months to take an official position. It seems almost certain that the measure of applying pressure on a non-EU country will not be used to help Poland and four other Member States obtain visa-free travel to the United States or other countries with a similar restriction. However, if current trends continue, Poland should join the U.S. Visa Waiver Programme in five years.
  • Topic: Economics, Politics, European Union, Citizenship
  • Political Geography: United States, Europe
  • Author: Cordella Buchanan Ponczek
  • Publication Date: 03-2016
  • Content Type: Policy Brief
  • Institution: The Polish Institute of International Affairs
  • Abstract: Traditionally, there is a partisan split on foreign policy in the United States: Republican candidates and voters worry more about terrorism, defense and national security than Democratic candidates and voters, thereby putting more stock in foreign policy issues, which manifests itself in the aggressiveness—of lack thereof—of each party’s foreign policy platform. But the candidates in the 2016 U.S. presidential election can be categorised by more than just party: a line can also be drawn between conventional candidates—Hillary Clinton, a Democrat, and Ted Cruz and Marco Rubio, Republicans—and unconventional candidates—Donald Trump, a Republican, and Bernie Sanders, a Democrat. Should a conventional candidate be elected president, U.S. foreign policy would be based on predictable adaptation to the changing international environment. An unconventional candidate, however, would be a wild card, whose actions would be difficult to predict.
  • Topic: Security, Politics, Elections
  • Political Geography: United States
  • 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, Syria
  • Author: Anna Borshchevskaya
  • Publication Date: 01-2015
  • Content Type: Policy Brief
  • Institution: The Washington Institute for Near East Policy
  • Abstract: After two rounds of peace talks in Geneva failed to resolve the Syrian crisis, Moscow proposed in December 2014 its own peace talks between the Syrian government and the opposition. Earlier this month, Russian deputy foreign minister Mikhail Bogdanov confirmed that the talks would take place January 26-29, according to Russian press reports. Bogdanov has described the talks as "consultative" and "preparatory," without any preconditions or set agenda. They could, he said, lead to more concrete discussions. Although the United States is not participating in the Moscow talks, U.S. secretary of state John Kerry expressed hope on January 14 in Geneva that they "could be helpful."
  • Political Geography: Russia, United States, Moscow
  • Author: David Pollock, Robert Satloff, Andrew J. Tabler, James F. Jeffrey
  • Publication Date: 01-2015
  • Content Type: Policy Brief
  • Institution: The Washington Institute for Near East Policy
  • Abstract: In last night's State of the Union speech, President Obama had the opportunity to educate the American people on the unique challenges posed by the "Islamic State"/ISIS, as well as the tough choices the United States and others will have to make as they deal with this phenomenon. Instead, he cited the issue only in passing, reiterating his "degrade and ultimately destroy" commitment without giving any idea what the next steps are beyond mentioning the increasingly risible effort to arm a Syrian opposition on slow simmer (see PolicyWatch 2357, "Train and Equip Not Enough for U.S.-Backed Syrian Rebels"), and the passing of a Congressional resolution to authorize the use of force against ISIS. This was in contrast to the extensive airtime he dedicated to touting his initiative on Cuba, which -- regardless of one's views on that decision -- is an almost irrelevant issue given the various crises occurring around the globe.
  • Political Geography: United States
  • Author: David Makovsky
  • Publication Date: 01-2015
  • Content Type: Policy Brief
  • Institution: The Washington Institute for Near East Policy
  • Abstract: Although the prospect of the ICC actually prosecuting Israeli officials is uncertain at best, the PA has torpedoed any chances for near-term diplomacy merely by opening that door, and perhaps invited U.S. financial countermeasures as well.
  • Political Geography: United States, Palestine
  • Author: Jonathan Rynhold
  • Publication Date: 02-2015
  • Content Type: Policy Brief
  • Institution: The Washington Institute for Near East Policy
  • Abstract: On February 23, Jonathan Rynhold and Elliott Abrams addressed a Policy Forum at The Washington Institute. Rynhold is a senior researcher at the Begin-Sadat Center for Strategic Studies (BESA), director of the Argov Center for the Study of Israel and the Jewish People, and author of the just-released book The Arab-Israel Conflict in American Political Culture (Cambridge University Press). Abrams is a senior fellow for Middle Eastern studies at the Council on Foreign Relations and former deputy national security advisor in the George W. Bush administration. The following is a rapporteur's summary of their remarks.
  • Political Geography: United States, America, Washington, Middle East, Israel, Arabia
  • Author: Ali Jalali
  • Publication Date: 01-2015
  • Content Type: Policy Brief
  • Institution: United States Institute of Peace
  • Abstract: Afghanistan's presidential election was resolved in a U.S.-brokered deal that created a national unity government (NUG). New president Ashraf Ghani, by decree, created the post of chief executive officer (CEO), filled by Abdullah Abdullah. This has resulted in a power-sharing arrangement between two teams, the legal parameters of which will not be decided for another two years. In addition to its internal tensions, the NUG faces a challenging political, security, and economic situation in the country at large—one that threatens to be exacerbated as international assistance and U.S. military forces draw down. The formation of the NUG, however, also presents an opportunity for Afghanistan's leaders to redefine the role of government and institute reforms that can strengthen public support and improve the chances of obtaining further international assistance. To take advantage of these opportunities, leaders in the NUG could make a serious unified commitment to reforms and fully integrate the governing body both politically and professionally, despite the power-sharing arrangement that has been created.
  • Political Geography: Afghanistan, United States
  • Author: Michael Knights, Phillip Smyth, 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, Middle East
  • 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, North Africa
  • 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, Canada
  • 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, Syria
  • Author: Amy Hawthorne, Frances G. Burwell, 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, Middle East
  • Author: Danya Greenfield, 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, Middle East
  • 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, International Trade and Finance
  • Political Geography: United States
  • 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, Foreign Direct Investment
  • Political Geography: United States
  • Author: Maral Noori, Daniel Jasper, 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, Bilateral Relations
  • Political Geography: United States, China
  • Author: Jeffrey Schott, Eujiin Jung, 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, Bilateral Relations
  • Political Geography: United States, China, Asia, Korea
  • 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, GDP
  • Political Geography: United States, China
  • Author: Fiona S. Cunningham, 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, Bilateral Relations
  • Political Geography: United States, China, East Asia
  • Author: Vickie Choltz, 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, Employment
  • Political Geography: United States
  • 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, Employment
  • Political Geography: United States
  • Author: Elizabeth Rosenberg, Zachary K. Goldman
  • Publication Date: 06-2015
  • Content Type: Policy Brief
  • Institution: Center for a New American Security
  • 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, Power Politics
  • Political Geography: United States
  • Author: Sean P. Connell
  • Publication Date: 01-2014
  • Content Type: Policy Brief
  • Institution: East-West Center
  • Abstract: The Korean government's "creative economy" agenda reflects growing consensus that Korea's future growth and prosperity depends on its ability to become a global leader in developing and commercializing innovative new products, services, and business models. To succeed, the Korean government must address regulatory, structural, educational, and cultural obstacles that have constrained Korea's ability to fully utilize its innovative capacities. This new emphasis on innovation brings Korea into closer alignment with the United States, which has long focused on innovation in its growth strategies. Moreover, it comes during the early stages of implementation of the US-Korea Free Trade Agreement (KORUS), which intersects with important areas of Korea's innovation framework policies. Policymakers, businesses, and researchers in both countries should examine potential new opportunities to increase cooperation around initiatives aimed at fostering innovation and growth, both within the bilateral context and at a global level.
  • Topic: Economics, Industrial Policy, International Trade and Finance, Treaties and Agreements, Bilateral Relations
  • Political Geography: United States
  • Author: Erik Gartzke
  • Publication Date: 01-2014
  • Content Type: Policy Brief
  • Institution: Belfer Center for Science and International Affairs, Harvard University
  • Abstract: U.S. Defense Secretary Leon Panetta's warning that “the next Pearl Harbor” might arrive via the internet has captured considerable attention. The internet is said to be revolutionary because it is a leveler— reducing Western military advantages—and because dependence on the internet makes developed countries more vulnerable to attack. The conviction that the internet is an Achilles' heel for the existing world order is based on narrow conceptions of the potential for harm. The internet cannot perform functions traditionally assigned to military force. To the contrary, cyberwar creates another advantage for powerful status quo nations and interests.
  • Topic: Security, Defense Policy, Science and Technology, Terrorism, War
  • Political Geography: United States
  • Author: Ashley J. Tellis
  • Publication Date: 01-2014
  • Content Type: Policy Brief
  • Institution: Carnegie Endowment for International Peace
  • Abstract: China is poised to become a major strategic rival to the United States. Whether or not Beijing intends to challenge Washington's primacy, its economic boom and growing national ambitions make competition inevitable. And as China rises, American power will diminish in relative terms, threatening the foundations of the U.S.-backed global order that has engendered unprecedented prosperity worldwide. To avoid this costly outcome, Washington needs a novel strategy to balance China without containing it.
  • Topic: Foreign Policy, Defense Policy, Development, Emerging Markets
  • Political Geography: United States, China, America, Washington, Beijing, Asia
  • Author: James Andrew Lewis
  • Publication Date: 01-2014
  • Content Type: Policy Brief
  • Institution: Center for Strategic and International Studies
  • Abstract: The Gulf has become a flashpoint for cyber conflict. Cyberspace has become an arena for covert struggle, with the United States, Israel and other nations on one side, and Iran and Russia on the other. Iran has far outpaced the GCC states in developing its cyber capabilities, both for monitoring internal dissent and deploying hackers to disrupt or attack foreign targets. Several such attacks over the past two years were likely either directed or permitted by Iranian state authorities. Even if Iran holds back from offensive actions as nuclear talks progress, the growth in Iranian capabilities remains a potential security threat for other Gulf states. The GCC countries have begun to develop their defensive capabilities, but they will need to expand their defenses and collaborate more effectively to deter future threats.
  • Topic: Conflict Resolution, Security, Defense Policy, Development, Science and Technology
  • Political Geography: Russia, United States, Iran, Middle East, Israel, Arabia
  • Author: Michael Rubin
  • Publication Date: 01-2014
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: Since Azerbaijan regained its independence in 1991, it has been only the world's second Shi'ite-led state after Iran. Azerbaijan respects separation of mosque and state, and despite pressure from its neighbors, remains independent from political domination. Given its strategic importance, safeguarding the country's independence remains a US priority. And the threat from Iranian meddling is particularly acute. From Tehran's perspective, the combination of Azerbaijan's pre-19th-century Iranian past, modern Azerbaijan's embrace of secularism, and its relative economic success challenge Iran's legitimacy. As Iranian authorities have sought to undermine and destabilize Azerbaijan through political, clerical, charitable, and media channels, Azerbaijan's counterstrategy has been both restrained and effective.
  • Topic: Foreign Policy, Islam, Sovereignty, Governance
  • Political Geography: United States, Iran, Middle East
  • Author: Derek M. Scissors
  • Publication Date: 01-2014
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: New data published in the American Enterprise Institute-Heritage Foundation China Global Investment Tracker show that China continues to invest heavily around the world. Outward investment excluding bonds stood at $85 billion in 2013 and is likely to reach $100 billion annually by 2015. Energy, metals, and real estate are the prime targets. The United States in particular received a record of more than $14 billion in Chinese investment in 2013. Although China has shown a pattern of focusing on one region for a time then moving on to the next, the United States could prove to be a viable long-term investment location. The economic benefits of this investment flow are notable, but US policymakers (and those in other countries) should consider national security, the treatment of state-owned enterprises, and reciprocity when deciding to encourage or limit future Chinese investment.
  • Topic: Security, Foreign Policy, Development, Economics, Emerging Markets, International Trade and Finance, Foreign Direct Investment, Sovereign Wealth Funds
  • Political Geography: United States, China, Asia
  • Author: Casey Garret Johnson, William A. Byrd, Sanaullah Tasal
  • Publication Date: 02-2014
  • Content Type: Policy Brief
  • Institution: United States Institute of Peace
  • Abstract: The still unsigned Bilateral Security Agreement (BSA) between Afghanistan and the United States provides the legal basis for continuing U.S. military presence in Afghanistan. In addition to its substantive importance, the BSA is also a confidence-building mechanism. The delay in putting it in place is compounding uncertainty and further diminishing economic confidence during Afghanistan's already challenging and uncertain transition. Afghans' responses include, among others, hedging behavior (legal and illegal), personal decisions on whether to come back to or stay in Afghanistan, delays in investments, incipient job losses, declining demand for goods and services and real estate prices, and farmers planting more opium poppy.
  • Topic: Defense Policy, Democratization, Development, Treaties and Agreements, Insurgency, Bilateral Relations
  • Political Geography: Afghanistan, United States, Asia
  • Author: Caroline Freund
  • Publication Date: 02-2014
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: As the United States struggled with unemployment and other effects of the Great Recession in January 2010, President Barack Obama set the goal of doubling exports within five years and creating 2 million new export-related jobs. Four years later, however, exports are less than halfway toward that goal and the rate of export growth is slowing. More worrisome, the administration's strategy failed to boost average export growth from historical levels, despite the robust recovery in international trade after the collapse of 2009. The National Export Initiative (NEI) has come up short.
  • Topic: Economics, Industrial Policy, International Trade and Finance, Markets, Maritime Commerce
  • Political Geography: United States
  • Author: Joseph E. Gagnon, Brian Sack
  • Publication Date: 01-2014
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: The dramatic increase in the Federal Reserve's balance sheet since 2009 has attracted the attention of economists, pundits, and ordinary citizens. The amount of assets held by the Fed recently crossed $4 trillion and will likely continue to rise to a peak of about $4.5 trillion. This run-up in asset holdings has resulted from the Fed's large-scale asset purchase programs, which were intended to support economic growth. However, a side-effect of these asset purchases is the creation of unprecedented amounts of liquidity in the financial system.
  • Topic: Economics, International Trade and Finance, Markets, Monetary Policy
  • Political Geography: United States
  • Author: Tomas Hellebrandt
  • Publication Date: 01-2014
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: The Great Recession, which cost tens of millions of jobs, a collapse of asset values around the world, and threatened the global financial system, has generated renewed concern over the long-standing issue of the fairness of the distribution of wealth and income in many societies. Economic inequality has increased in the United States and many other advanced economies over the past 20 to 30 years. This trend generated less worry in the boom years, when unemployment rates were low and cheap credit enabled consumers to borrow and maintain higher standards of living, masking the impact of growing income disparity on consumption patterns and perceptions of well-being.
  • Topic: Debt, Economics, International Trade and Finance, Poverty, Social Stratification, Financial Crisis
  • Political Geography: United States, United Kingdom, Germany, Spain, Italy, Ireland
  • Author: C. Fred Bergsten
  • Publication Date: 01-2014
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: A bipartisan majority in both Houses of Congress is insisting that the United States include a provision in future trade agreements that would bar currency manipulation. A letter from 60 senators to Secretary of the Treasury Jacob Lew and United States Trade Representative (USTR) Michael From an on September 23, 2013, called for "strong and enforceable foreign currency manipulation disciplines" in the Trans-Pacific Partnership (TPP) while 230 members of the House of Representatives told President Barack Obama on June 6, 2013, that "it is imperative that (the TPP) address currency manipulation.to create a level playing field for American businesses and prevent more US jobs from being shipped overseas." The trade promotion authority (TPA) legislation proposed by congressional trade leaders on January 9, 2014, establishes the avoidance of currency manipulation as a "principal US negotiating objective" in its future trade agreements.
  • Topic: Economics, Emerging Markets, International Trade and Finance, Monetary Policy
  • Political Geography: United States
  • Author: Jacob Funk Kirkegaard
  • Publication Date: 01-2014
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: Mark Twain once wrote an essay about the difficulties of learning what he called "The Awful German Language." Similar barriers to comprehension seem to plague those trying to explain recent German economic performance. By most measures, Germany has the best functioning labor market among large economies in the West, with levels of employment reaching those in the United States at the end of the turbo-charged 1990s. A debate has stirred, however, about whether this success has come with a price—specifically, whether Germany's domestic structural reforms have lowered living standards for Germany's low income workers and worsened income inequality and whether Germany is fortuitously and perhaps selfishly riding a wave of strong foreign demand for German exports.
  • Topic: Economics, Industrial Policy, International Trade and Finance, Markets, Labor Issues
  • Political Geography: United States, Europe, Germany
  • Author: Peter A. Petri, Michael G. Plummer
  • Publication Date: 03-2014
  • Content Type: Policy Brief
  • Institution: East-West Center
  • Abstract: ASEAN has become a focal point of the rapidly changing economic architecture of the Asia-Pacific region. ASEAN members are increasingly stable and politically confident, and constitute an emerging economic powerhouse. The region is dynamic, with 600 million citizens and a gross domestic product (GDP) that exceeds $2 trillion and is expected to grow 6 percent annually for the next two decades. (The Appendix at the end of this paper reports detailed output and trade projections to 2025.) Through deeper internal integration via the ASEAN Economic Community (AEC) and external initiatives such as the Regional Comprehensive Economic Partnership (RCEP), ASEAN is becoming a driving force in regional cooperation and a much-courted economic partner. The AEC and the RCEP projects are globally significant: the AEC could generate powerful demonstration effects for other developing regions, and the RCEP could become an important building bloc of the multilateral trading system.
  • Topic: Security, Economics, International Trade and Finance, Markets
  • Political Geography: United States, East Asia, Asia, Asia-Pacific
  • Author: Jeong Yeon Lee
  • Publication Date: 03-2014
  • Content Type: Policy Brief
  • Institution: East-West Center
  • Abstract: Multi-factor productivity (MFP) compares the growth of gross domestic product with the growth of combined capital and labor inputs. The growth rate of MFP assumes theoretical significance because it represents the slope of the steady-state growth path, and hence is a major determinant of the long-term growth trend. This paper offers the balanced panel of the estimated growth rates of MFP for 24 OECD countries over 1986-2011. Based on the estimates of MFP growth, a number of notable trends in productivity growth are identified for the entire OECD area as well as three major economies – the United States, the Eurozone and Japan – within the OECD.
  • Topic: Economics, Industrial Policy, International Trade and Finance, Labor Issues
  • Political Geography: United States, Japan, Europe
  • Author: Sheng Zhang
  • Publication Date: 01-2014
  • Content Type: Policy Brief
  • Institution: Columbia Center on Sustainable Investment
  • Abstract: The China-US bilateral investment treaty (BIT) negotiations have attracted attention due to the relative size and weight of both economies. Despite broad consensus about the importance of such a treaty, there is considerable debate about its shape and content. The debate is reflected in two recent Columbia FDI Perspectives. Donnelly argued that a China-US BIT should be modeled on the US Model BIT without "splitting the difference between Chinese and US positions", and that the possibility of meaningful BIT negotiations are "really up to China at this point".
  • Topic: Economics, Globalization, International Trade and Finance, Bilateral Relations, Foreign Direct Investment, Governance
  • Political Geography: United States, China, Europe, Colombia
  • Author: Nadia Naviwala
  • Publication Date: 04-2014
  • Content Type: Policy Brief
  • Institution: United States Institute of Peace
  • Abstract: PakVotes, a pilot project supported by the U.S. Institute of Peace (USIP), used social media platforms and a network of reporters located in areas outside of major cities in Pakistan to track violence during the 2013 elections. The project offers lessons that could guide future efforts to use social media to record and publicize conflicts and the use of violence during elections and other major events. The hashtag #PakVotes trended for several days around elections, serving as a popular alternative news source to the mainstream media, which was not as diverse in its geographic coverage, sources or story types.
  • Topic: Political Violence, Democratization, Non-Governmental Organization, Science and Technology, Mass Media
  • Political Geography: Pakistan, United States, South Asia
  • Author: Edwin M. Truman
  • Publication Date: 03-2014
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: The vital role played by the International Monetary Fund (IMF) in stabilizing the world economy and financial system is in serious jeopardy. The failure in mid-January by the US Congress to approve IMF reform legislation that had been pending for more than three years did not simply bring to a screeching halt a decade of slow progress reforming the governance of the Fund to make it more representative, legitimate, and therefore effective. Congress's balking on this issue also did substantial, actual damage to the US reputation around the world, as the leaders of many countries called into question Washington's ability to deliver on promises made in international economic agreements.
  • Topic: Economics, International Trade and Finance, International Monetary Fund, Reform
  • Political Geography: United States
  • Author: Micah Zenko
  • Publication Date: 04-2014
  • Content Type: Policy Brief
  • Institution: Council on Foreign Relations
  • Abstract: As space systems increasingly perform and support critical operations, a variety of plausible nearterm incidents in outer space could precipitate or exacerbate an international crisis. The most grave space contingencies—viewed from the perspective of U.S. interests and international stability—are likely to result from either intentional interference with space systems or the inadvertent effects of irresponsible state behavior in outer space. The threats to U.S. space assets are significant and growing, as potential adversaries continue to pursue and could soon acquire counterspace capabilities. The United States has strategic interests in preventing and mitigating dangerous space incidents, given its high reliance on satellites for a variety of national security missions and unparalleled global security commitments and responsibilities. Like other technology-driven global governance challenges, the longer the United States delays preventive and mitigating efforts, the less dominant its position will be in shaping rules of the road for space.
  • Topic: Science and Technology, Governance
  • Political Geography: United States, North America
  • Author: Edward Alden, Rebecca Strauss
  • Publication Date: 05-2014
  • Content Type: Policy Brief
  • Institution: Council on Foreign Relations
  • Abstract: Each year, U.S. state and local governments spend tens of billions of dollars to lure or retain business investment. The subsidies waste scarce taxpayer dollars that could better be used to strengthen public services such as education and infrastructure, or to lower overall tax burdens to create a more favorable investment climate. No state wants to dole out such subsidies, but most fear losing jobs to competing states if they refuse. States should take steps to curb subsidies, beginning with greater disclosure and cost-benefit analyses, and building up to a multistate agreement that creates strong disincentives for continuing subsidies. Existing international arrangements provide models and tools for achieving this.
  • Topic: Economics, International Trade and Finance, Governance, Reform
  • Political Geography: United States, North America
  • Author: Balkan Devlen
  • Publication Date: 06-2014
  • Content Type: Policy Brief
  • Institution: Norwegian Peacebuilding Resource Centre
  • Abstract: From the start of the Ukrainian crisis Turkey kept a low profile and adopted a strategy best described as "don't poke the Russian bear". Russia is a major Turkish trading partner and Turkey relies heavily on Russian natural gas for its energy needs, while Turkish prime minister Erdogan has also been dealing with serious domestic challenges in the last year. Therefore, due to both external and internal factors, Turkey will avoid confronting Russia directly and will pass the buck to the U.S. and EU. In the short to medium term there are three plausible scenarios under which Turkey will change its current policy. They include the oppression of Crimean Tatars by the Russian authorities; military confrontation in the Black Sea between Russia and NATO; or a more unified, tougher stance against Russia by the West. In the long term Turkey most likely will revert to its traditional role of balancing Russia by strengthening its ties with the West, while reducing its energy dependence on Russia.
  • Topic: Foreign Policy, Economics, Governance
  • Political Geography: Russia, United States, Europe, Turkey, Ukraine, Asia
  • Author: Rainer Geiger
  • Publication Date: 04-2014
  • Content Type: Policy Brief
  • Institution: Columbia Center on Sustainable Investment
  • Abstract: Launched in July 2013 by the European Union and the United States, the Transatlantic Trade and Investment Partnership (TTIP) represents an important effort to reach a comprehensive economic agreement between two major trading partners. As has been pointed out, the project offers great opportunities for liberalizing trade and investment and regulatory convergence. Its level of ambition implies high risks, but despite negotiators' initial optimism, its success is far from certain.
  • Topic: Economics, International Trade and Finance, Treaties and Agreements, Foreign Direct Investment
  • Political Geography: United States, Europe
  • Author: Julia Gelatt, Gina Adams, William Monson
  • Publication Date: 03-2014
  • Content Type: Policy Brief
  • Institution: Urban Institute
  • Abstract: As immigration has risen over the past 40 years, many communities across the United States have been changed in some way by their immigrant populations .Immigrants make up growing shares of business owners, workers, and parents across many cities and rural areas, while children of immigrants make up growing shares of school populations. Some communities have been experiencing high levels of immigration for decades and others are facing new influxes of immigrant communities. In many communities, the mix of national origins of immigrants has been shifting.
  • Topic: Demographics, Human Welfare, Immigration
  • Political Geography: United States, North America
  • Author: Michael Knights
  • Publication Date: 06-2014
  • Content Type: Policy Brief
  • Institution: The Washington Institute for Near East Policy
  • Abstract: Encouraging signs have emerged that the collapse of federal government control in Iraq may have slowed and that Baghdad is beginning the transition to counteroffensive operations to regain ground. Massive mobilization of largely Shiite volunteers has given Baghdad an untrained but motivated "reserve army" that can be used to swamp cross-sectarian areas around the Iraqi capital. All available formed military units have been pulled out of reserve and brought toward Baghdad to defend the capital. In this effort, all Department of Border Enforcement units have been relocated from the country's borders, and Iraqi army and Federal Police units have been redeployed from southern Iraq. Isolated federal government units are scattered across northern Iraq, in some cases hanging on against Sunni militants with the support of adjacent Kurdish forces.
  • Topic: Foreign Policy, Terrorism, Armed Struggle, Sectarianism, Law Enforcement, Sectarian violence
  • Political Geography: United States, Iraq, Middle East
  • Author: John Lee, Charles Horner
  • Publication Date: 04-2014
  • Content Type: Policy Brief
  • Institution: Hudson Institute
  • Abstract: U.S. administrations and officials are consistently caught flat-footed by the increasing assertiveness of the People's Republic of China (PRC) over disputed territories in the East China and South China Seas. This assertiveness is strident, yet controlled. Beijing's objectives in the region, with respect to maritime issues in particular, have been apparent for several decades. While the United States is well aware of the PRC's "talk and take" approach—speaking the language of negotiation while extending de facto control over disputed areas—U.S. policy has been tactical and responsive rather than strategic and preemptive, thus allowing China to control the pace and nature of escalation in executing talk and take.
  • Topic: International Relations, Diplomacy, Economics, International Trade and Finance, Bilateral Relations
  • Political Geography: United States, China, Asia
  • Author: Franklin D. Kramer, Melanie J. Teplinsky
  • Publication Date: 01-2014
  • Content Type: Policy Brief
  • Institution: Atlantic Council
  • Abstract: Cyber has become the new conflict arena. It ranks as one of the greatest national security challenges facing the United States for three reasons. First, as the revelations about the National Security Agency's (NSA's) activities suggest, cyber offense has far outpaced cyber defense. Second, cyber capabilities are prevalent worldwide and increasingly are being used to achieve the strategic goals of nations and actors adverse to the United States. Third, it is highly unlikely that cyber espionage and other cyber intrusions will soon cease. While the NSA disclosures focus on the United States and the United Kingdom, there is little doubt that China, Russia, Iran, North Korea and others are engaged in significant cyber activities. The fundamental question is whether the cyber realm can, consistent with the national interest, be made more stable and secure.
  • Topic: Defense Policy, Science and Technology, Military Strategy
  • Political Geography: Russia, United States, China, United Kingdom, Iran, North Korea
  • Author: Faysal Itani, Nathaniel Rosenblatt
  • Publication Date: 03-2014
  • Content Type: Policy Brief
  • Institution: Atlantic Council
  • Abstract: As the conflict in Syria enters its fourth year, US policy has consistently failed to achieve its stated object: a negotiated political transition based on the mutual consent of the regime and opposition. The United States and its Western allies have focused on summits and high-level diplomacy as the most effective means to that laudable end. This approach ignores an essential missing ingredient: an opposition able to coordinate different anti-regime forces, exercise agency on their behalf, and provide decent local governance, without which Syrians will continue to suffer and fight irrespective of whether the regime is overthrown.
  • Topic: Foreign Policy, Bilateral Relations
  • Political Geography: United States, Middle East, Syria, North America