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1. Improving Pandemic Preparedness: Lessons From COVID-19

Author:
Thomas J. Bollyky and Stewart M. Patrick
Publication Date:
10-2020
Content Type:
Special Report
Institution:
Council on Foreign Relations
Abstract:
The United States and the world were caught unprepared by the COVID-19 pandemic despite decades of warnings of the threat of global pandemics and years of international planning. The failure to adequately fund and execute these plans has exacted a heavy human and economic price. Hundreds of thousands of lives have already been lost, and the global economy is in the midst of a painful contraction. The crisis—the greatest international public health emergency in more than a century—is not over. It is not too early, however, to begin distilling lessons from this painful experience so that the United States and the world are better positioned to cope with potential future waves of the current pandemic and to avoid disaster when the next one strikes, which it surely will. This CFR-sponsored Independent Task Force report seeks to do just that, framing pandemic disease as a stark threat to global and national security that neither the United States nor the world can afford to ignore again. It argues that future pandemic threats are inevitable and possibly imminent; policymakers should prepare for them and identify what has gone wrong in the U.S. and multilateral response. One of the most important lessons of this pandemic is that preparation and early execution are essential for detecting, containing, and rapidly responding to and mitigating the spread of potentially dangerous emerging infectious diseases. As harmful as this coronavirus has been, a novel influenza could be even worse, transmitting even more easily, killing millions more people, and doing even more damage to societies and economies alike. This Task Force proposes a robust strategy consisting of critical institutional reforms and policy innovations to help the United States and the world perform better. Although there is no substitute for effective political leadership, The recommendations proposed here would if implemented place the nation and the world on a firmer footing to confront humanity’s next microbial foe. The Task Force presents its findings grouped into three sections: the inevitability of pandemics and the logic of preparedness; an assessment of the global response to COVID-19, including the performance of the World Health Organization (WHO), multilateral forums, and the main international legal agreement governing pandemic disease; and the performance of the United States, while also drawing lessons from other countries, including several whose outcomes contrast favorably with the U.S. experience.
Topic:
International Cooperation, World Health Organization, Pandemic, COVID-19, Health Crisis, and Global Health
Political Geography:
Global Focus

2. Women and Terrorism

Author:
Jamille Bigio and Rachel Vogelstein
Publication Date:
05-2019
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Extremist groups rely upon women to gain strategic advantage, recruiting them as facilitators and martyrs while also benefiting from their subjugation. Yet U.S. policymakers overlook the roles that women play in violent extremism—including as perpetrators, mitigators, and victims—and rarely enlist their participation in efforts to combat radicalization. This omission puts the United States at a disadvantage in its efforts to prevent terrorism globally and within its borders. Women fuel extremists’ continued influence by advancing their ideology online and by indoctrinating their families. New technology allows for more sophisticated outreach, directly targeting messages to radicalize and recruit women. It also provides a platform on which female extremists thrive by expanding their recruitment reach and taking on greater operational roles in the virtual sphere. The failure of counterterrorist efforts to understand the ways in which women radicalize, support, and perpetrate violence cedes the benefit of their involvement to extremist groups.
Topic:
Gender Issues, Terrorism, Violent Extremism, and Women
Political Geography:
Global Focus

3. Adapting International Trade Institutions to New Realities

Author:
Felix Pena
Publication Date:
02-2018
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
The institutional order governing world trade is going through a critical period. Debate over its future form and design will be a dominant theme on the global agenda for the coming years. The Donald J. Trump administration has questioned the benefits of the multilateral trading order and is pulling the United States back from its traditional leadership role. In December 2017, the Eleventh Ministerial Conference (MC11) of the World Trade Organization (WTO) ended in disappointment with no substantive multilateral achievements. The shift in economic power from the West to the East and the growth of nonstate actors further complicate the search for consensus on international trade rules, leading to a so-called multiplex world. In a multiplex world, actors with different cultural values and relative power inequalities—such as nation-states, international and regional institutions, corporations, and nongovernmental organizations—compete against each other. To ensure a resilient trading system, multilateral trading rules and institutions need to be adapted to these new realities of trade, investment, and the distribution of global power. Unlike the international system as it functioned after World War II, today’s trading system does not reflect the interests of a single power or an alliance of powers with sufficient clout to impose their will on others in a sustained way. This is not a Group of Twenty (G20) or Group of Seven–led world: it is a G-Zero world, with no established lineup of who should be invited to the table where decisions are made. In this vacuum of global leadership it is increasingly difficult to identify who will create the new rules of international competition. Actors pursue their own self-interest, which results in less certainty for the international trade system.
Topic:
International Trade and Finance, Multilateralism, Trade Wars, and WTO
Political Geography:
Global Focus

4. Increasing International Cooperation in Cybersecurity and Adapting Cyber Norms

Author:
Elena Chernenko, Oleg Demidov, and Fyodor Lukyanov
Publication Date:
02-2018
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
nformation and communications technology (ICT) presents one of the most critical modern challenges to global security. Threat assessments predict that the next major international crisis could be due to a state or terrorist group weaponizing ICTs to devastate critical infrastructure or military logistics networks. The proliferation of asymmetric warfare (i.e., conflicts between nations or groups that have disparate military capabilities) has increased states’ use of ICTs, which necessitates the development of an international code of cyber conduct. There is an urgent need for cooperation among states to mitigate threats such as cybercrime, cyberattacks on critical infrastructure, electronic espionage, bulk data interception, and offensive operations intended to project power by the application of force in and through cyberspace. Emerging cyber threats could precipitate massive economic and societal damage, and international efforts need to be recalibrated to account for this new reality. A common misperception is that the principal cybersecurity threats demanding urgent international collaboration are massive, state sponsored attacks that target critical infrastructure such as power plants or electrical grids, causing massive devastation and human casualties. In fact, cyber threats are more diverse and complex, often targeting private enterprises and endangering the technical integrity of the digital world. The near-total digitalization of business models makes the global economy more vulnerable to cyberattacks, not only from states but also from criminal organizations and other nonstate actors.
Topic:
Security, International Cooperation, Infrastructure, and Cybersecurity
Political Geography:
Global Focus

5. Domesticating the Giant: The Global Governance of Migration

Author:
Patrycja Sasnal
Publication Date:
06-2018
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Migration is a natural and defining phenomenon of the globalized world. The challenge of governing migration lies in its inevitability, volume, and heterogeneity. As a portion of the global population, migrants represent around 3 percent, but their absolute number is rising. There were 170 million migrants in 2000; today there are roughly 260 million. Migration levels will certainly grow while hostilities continue in the most conflict-ridden regions of sub-Saharan Africa and the Middle East, the global wealth gap persists, climate change aggravates living conditions in many areas, and the poorer half of the globe becomes more populous. Moreover, migration is a complex heterogeneous process. Depending on the cause, duration, and legality, migration can be voluntary or forced (refugees and internally displaced persons, including survival migrants such as climate and disaster refugees), permanent or circular, regular or irregular. Politically, migration poses a twofold challenge: balancing security and freedom and harmonizing international obligations with domestic laws. Traditional discussion of migratory movements divided the world into the sending global south and the receiving global north. Interests of the former lay primarily in safeguarding the rights of their citizens regardless of immigration status and ensuring remittance flow. Interests of the latter lay in accommodating the “useful” migrants and restricting the rest. With the shifts in global wealth distribution, this division is losing tenacity. Countries that once were sending migrants are also receiving them today. For nations, migration affects the most rudimentary pillar of sovereignty (national borders), the core of democratic political systems (human rights), and atavistic social needs (national identity). Perceptions of migration affect political popularity: political parties are tempted to use selective, mostly negative, aspects of migration to rally the electorate around national identities. This in turn disproportionately, and often contrary to the objective needs of the host countries, vilifies migration generally. Political opposition to migration occurs despite a consensus that the economies of both sending and receiving countries benefit economically from migration. Even though the sending countries may experience labor and brain drain, they benefit from remittance flows from receiving countries; similarly, the receiving countries get a boost of human capital.
Topic:
Human Rights, Migration, United Nations, and Governance
Political Geography:
Global Focus

6. Digital Decarbonization

Author:
Varun Sivaram
Publication Date:
06-2018
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
In2017,theEconomistproclaimedthatdatawasthenewoil. Justastrade in oil has underpinned the global economy for a century, flows of data— the most valuable resource of the twenty-first century—now drive eco- nomic value. Indeed, in 2017, all five of the world’s most valuable publicly traded companies specialized in digital technologies, whereas just a decade earlier three of the top five companies were in the energy sector. This does not mean that the energy sector has been left behind by the digital revolution. To the contrary, digitalization is at the heart of the tectonic shifts that are starting to reshape the energy landscape. As energy industries produce ever more data, firms are harnessing greater computing power, advances in data science, and increased digital con- nectivity to exploit that data. These trends have the potential to trans-form the way energy is produced, transported, and consumed. An important potential benefit of this digital transformation of energy is a reduction in global emissions of greenhouse gases that cause climate change; the elimination of such emissions from the global economy is known as decarbonization. By enabling clean energy sys- tems that rely on low-carbon energy sources and are highly efficient in using energy, digital innovations in the energy sector can speed decar- bonization. Yet they are not guaranteed to do so. In fact, digital innova- tions could well increase global greenhouse emissions, for example, by making it easier to extract fossil fuels.
Topic:
Climate Change, Environment, Science and Technology, and Digital Economy
Political Geography:
Global Focus

7. Global Monetary Policy Divergence and the Reemergence of Global Imbalances

Author:
Daniel Gros
Publication Date:
06-2018
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Developed economies are paying remarkably little attention to coordinating their monetary policies. This is an unavoidable consequence of the independence of central banks, which faithfully follow their purely domestic mandates except in times of crisis. As a result, global monetary policies have reached unprecedented levels of divergence. This divergence is set to widen—primarily due to differences in the relative strength of labor markets—while global current account imbalances return. Meanwhile, exchange rates have not reacted as economists expected; the dollar has weakened even as policy rates have increased. Economic tensions will likely become more disruptive the longer global imbalances go uncorrected. Likewise, the global economy will become more vulnerable to shocks. Yet by focusing on bilateral trade imbalances, the United States has mistakenly singled out China when the global imbalances between the United States and the eurozone is the more critical issue. The growing global imbalances are reflected more in the eurozone current account surplus and U.S. fiscal policy than in China’s shrinking surplus.
Topic:
International Trade and Finance, Monetary Policy, Exchange Rate Policy, and Economic Inequality
Political Geography:
Global Focus

8. Global Governance to Combat Illicit Financial Flows

Author:
Council on Foreign Relations
Publication Date:
10-2018
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
International efforts to curb illicit financial flows (IFFs) resemble post–Cold War collaboration in other issue areas that have risen on the global agenda: climate change, global health, internet govern- ance, and cybersecurity. Nongovernmental actors, including private corporations and nongovern- mental organizations (NGOs), have often driven agenda-setting in those domains. The focus has shifted over time, as new issues have been added and as older issues have assumed renewed im- portance. That reshaped agenda has in turn affected the institutional ecosystem of global action, which is captured only in part by formal and informal intergovernmental institutions. These new is- sue areas are characterized not by a single dominant institution or core set of institutions but by mul- tiple clusters of institutions that have each claimed a segment of the agenda and the instruments of cooperation. The result is a fragmented landscape with disjointed actors and organizations that often compete, collaborate, and act in parallel in pursuing their collective ends.1 The term of art for such an institutional landscape, one with several institutional or legal founda- tions, is “regime complex.”1 The regime complex for combating IFFs differs in its complexity from other, similar issue areas. Defining IFFs produces disagreement among researchers, activists, and policymakers. “Illicit” captures a normative judgment perhaps broader than “illegal.” For law en- forcement, IFFs are framed by predicate crimes, activities that are illegal in one jurisdiction or anoth- er and often of greater interest to authorities than IFFs. For those interested in broader global out- comes, such as the effects of IFFs on economic development, “illicit” could include cross-border fi- nancial flows associated with activities that they believe should be forbidden, such as tax avoidance by multinational corporations (MNCs). Those activities may not be illegal, however.2 These categories shift over time: bribery of foreign officials by corporations based in Organization for Economic Co- operation and Development (OECD) countries was made illegal in the United States well before it was criminalized in other industrialized countries. Variations in national treatment of both IFFs of certain kinds and the underlying predicate crimes have made harmonization of national policies and their implementation in many IFF domains difficult. IFFs are also one of the most important features of globalization’s dark side. Unlike other illicit or dangerous cross-border flows, however, IFFs bear almost no markers in and of themselves: pecunia non olet. Tainted food, endangered species, and dangerous individuals all present fewer problems of identification. For IFFs, it is suspicious activity rather than a characteristic of the funds themselves that generates the attention of those attempting to curb the flows. These definitional and identification problems make measuring the effectiveness of counter-IFF policies more difficult than assessing the effectiveness of policies in other issue areas. As many skep- tics and critics have pointed out, without a clear grasp of the scale of underlying flows, the scale of effects, though perhaps not the direction, of policies to counter those flows cannot reliably be deter- mined.3 If the costs of enforcement and compliance or unintended negative effects are included in estimates, the balance sheet becomes even more uncertain. International collaboration to curb IFFs and domestic measures to support that collaboration are directed to a wide array of predicate crimes that produce IFFs (drug trafficking, terrorism, or tax eva- sion) or to negative externalities (global “bads,” such as corruption) that both support IFFs and are sustained and promoted by them. This diversity of IFF sources and effects, and the public policy goals that follow, mobilize an unusually large number of actors: law enforcement agencies, financial super- visors and ministries, private financial institutions, and NGOs. These actors are interested more in certain IFFs and predicate crimes than in others. The links between specific crimes or categories of crime and larger global outcomes of interest, whether economic development or international securi- ty, are often second or third order. As a result, political attention to these issues—and willingness to bear the costs of implementation—fluctuates over time and across jurisdictions. As Peter Reuter and Edwin M. Truman observed in their classic 2004 account, the anti–money laundering (AML) regime (a subset of the complex countering IFFs) “reflects shifting priorities, compromises, and trade-offs.”4 This variation over time is particularly important in combating IFFs, because enforcement depends largely on national governments and both their incentives and their capacity to enact anti-IFF poli- cies. Financial markets and naming-and-shaming campaigns can strengthen those national efforts; they can also direct attention and effort against particular IFFs. However, they cannot substitute en- tirely for government action. What follows is a summary and introduction to organized international efforts to combat IFFs. In order to limit the policy universe, the narrower definition of IFFs used by the World Bank—“money illegally earned, transferred, or used that crosses borders”—will be used to define the wider interna- tional regime complex to combat IFFs.5 Mapping the institutions and actors involved in this issue area over time will capture the evolution of the global IFF agenda and the politics surrounding its de- velopment and implementation.
Topic:
International Trade and Finance, Governance, Institutionalism, and Illegal Trade
Political Geography:
Global Focus

9. Women and the Law

Author:
Council on Foreign Relations
Publication Date:
10-2018
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
The connection between women’s economic participation and global prosperity is undeniable. Over the past two decades, international organizations and world leaders have increasingly recognized how critical women’s economic empowerment and financial inclusion are to economic prosperity and growth. Analyses from the International Monetary Fund (IMF), Organization for Economic Cooperation and Development, the World Bank, and other leading institutions demon- strate the growth potential of women’s increased economic partici- pation. UN frameworks such as the Sustainable Development Goals recognize the relationship between economic opportunity for women and development, and include time-bound targets—such as equal access to financial services, natural resources, and technology, and equality in property ownership and inheritance—to advance women’s economic participation. However, despite growing awareness that women’s economic empowerment is critical to women, their families, and broader eco- nomic prosperity, many countries still legally undermine women’s economic participation and undervalue women’s work. Of the 189 economies surveyed in the World Bank’s Women, Business and the Law 2018 report, 90 percent have at least one regulation that impedes wom- en’s economic opportunities. More than one hundred economies still prevent women from working in certain jobs; fifty-nine economies provide no legal recourse to women who experience sexual harassment in the workplace; and in eighteen countries, men can legally prevent their wives from working outside the home. An array of other legal barriers—from limitations on access to finance to laws restricting women’s agency and mobility—prevent women from fully participat- ing in the economy. Even in 2018, the legal landscape for women in the economy fails to reflect the value women’s participation adds to eco- nomic growth. But change is on the horizon. Over the last decade, several countries have enacted legal reforms that significantly advance women’s rights. Today, all but thirty-two countries legally guarantee gender equality in their constitutions, and a record number of countries now have laws prohibiting discrimina- tion or violence against women. While these gains—rightfully cel- ebrated—show that progress is possible, proposals to eliminate the critical barriers that limit women’s economic potential remain absent from mainstream discussions on international and national economic policy, and barriers to female economic enfranchisement persist in every region of the world. In order to realize the economic potential of 50 percent of the world’s population, nations need to do more to level the legal playing field for women. This volume collects in-depth analysis and commen- tary on legal barriers to women’s economic participation, with a focus on five areas in which the greatest obstacles to women’s economic par- ticipation endure: financial inclusion, identification laws, land rights, workplace discrimination, and family law. In the opening essay, I make the economic case for eliminating legal barriers that inhibit women’s economic participation. Closing gender gaps in the workplace could add an estimated $12 trillion to the global economy. Countries simply cannot afford to waste this economic poten- tial—and governments from Saudi Arabia to Japan are taking notice and enacting policies to promote women’s workforce participation. A web of discriminatory laws impedes women’s access to financial services and undermines their capacity to borrow, save, or obtain insur- ance. In an essay on financial inclusion, Council on Foreign Relations (CFR) Senior Fellow Jamille Bigio highlights how banks stand to ben- efit economically by ensuring women’s access to and use of financial services, by sharing the experience of a Nigerian woman who employed digital tools to save for her daughter’s school fees. CFR Senior Fellow Gayle Tzemach Lemmon, reporting on a successful financial inclusion program in Tanzania, explores how education can help women over- come legal and social barriers to opening bank accounts. The economic case for legal reform to promote women’s financial inclusion is strong: when women can use financial services without spousal consent and have control over where they live, and when unpaid work is recognized in marital property regimes, gender gaps in financial inclusion are nar- rowed. Legal reform needs to be a central component of any strategy to advance women’s access to and use of savings, credit, and insurance.
Topic:
Gender Issues, Women, Feminism, and Participation
Political Geography:
Global Focus

10. Follow the External (Balance of Payments) Breakevens of the Oil Exporters

Author:
Brad W. Setser
Publication Date:
07-2017
Content Type:
Commentary and Analysis
Institution:
Council on Foreign Relations
Abstract:
The global impact of oil’s fall from $100 plus to under $50 a barrel has not gotten as much attention as I think it deserves. For most oil exporters, it has been a profound shock—one that forced such a massive contraction in imports that it pulled down global trade (far more than the trade remedies that tend to dominate the ‘trade” news). A few countries adjusted quickly and relatively efficiently (Russia), though not painlessly. A few have struggled to adapt—notably, because of its large external debt, poor policies, and growing political crisis, Venezuela.
Topic:
Oil and Global Political Economy
Political Geography:
Global Focus

11. Council of Councils Sixth Annual Conference

Author:
The Council of councils
Publication Date:
06-2017
Content Type:
Special Report
Institution:
Council on Foreign Relations
Abstract:
On May 7–9, 2017, the Council on Foreign Relations hosted the sixth annual conference of the Council of Councils. The conference was made possible by the generous support of the Robina Foundation for CFR’s International Institutions and Global Governance program. The views described here are those of workshop participants only and are not CFR or Robina Foundation positions. The Council on Foreign Relations takes no institutional positions on policy issues and has no affiliation with the U.S. government. In addition, the suggested policy prescriptions are the views of individual participants and do not necessarily represent a consensus of the attending members.
Topic:
International Cooperation and International Affairs
Political Geography:
Global Focus

12. Building Inclusive Economies How Women’s Economic Advancement Promotes Sustainable Growth

Author:
Gayle Tzemach Lemmon and Rachel B. Vogelstein
Publication Date:
06-2017
Content Type:
Special Report
Institution:
Council on Foreign Relations
Abstract:
The connection between women’s economic participation and prosperity is undeniable. Over the past two decades, a growing number of international organizations and world leaders have recognized that the economic empowerment of women is critical to economic growth and stability. Multilateral bodies such as the Group of Twenty and the Asia-Pacific Economic Cooperation forum have ratified agreements to promote women in the economy as a means to stimulate growth, and governments from the Ivory Coast to Rwanda to Japan have adopted reforms to increase women’s ability to contribute to their economies
Topic:
Gender Issues and Global Political Economy
Political Geography:
Global Focus

13. Harnessing International Cooperation to Advance Energy Innovation

Author:
Council on Foreign Relations
Publication Date:
05-2017
Content Type:
Special Report
Institution:
Council on Foreign Relations
Abstract:
On March 29 and 30, the Council on Foreign Relations convened a workshop in New York to explore how international cooperation can accelerate energy innovation. The workshop, hosted by Douglas Dillon Fellow and Acting Director of the Energy Security and Climate Change Program Varun Sivaram, was made possible by the support of the Alfred P. Sloan Foundation. The views described here are those of workshop participants only and are not CFR or Sloan Foundation positions. CFR takes no institutional positions on policy issues and has no affiliation with the U.S. government.
Topic:
Energy Policy
Political Geography:
Global Focus

14. How Anonymous Shell Companies Finance Insurgents, Criminals, and Dictators

Author:
Jodi Vittori
Publication Date:
09-2017
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
The Panama Papers leak of eleven million documents in April 2016 revealed that former Iraqi Prime Minister Ayad Allawi, the brother-in-law of Chinese President Xi Jinping, longtime friends of Russian President Vladimir Putin, drug kingpins, and even a soccer megastar had something in common: they all channeled money through anonymous shell companies. Anonymous shell companies are entities that usually employ few or no workers, do not conduct any substantive business, and allow their owners to store or route money while hiding their identities. Because of the secrecy they can provide, anonymous companies represent an important nexus of corruption, money laundering, transnational organized crime, and terrorism, which directly harm U.S. interests. As one of the main facilitators of anonymous companies, the United States should pass legislation to disclose ownership information for all companies, increase federal contract transparency, and boost other business and government transparency mechanisms at home and abroad. Doing so would significantly cut back on the ability of terrorists, criminals, and their ilk to use American corporations, real estate, and trusts to finance activities that harm the United States and its foreign interests.
Topic:
Corruption, International Trade and Finance, Transparency, and Panama Papers
Political Geography:
Global Focus

15. Innovations in Global Governance

Author:
Miles Kahler and Deborah Avant
Publication Date:
09-2017
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Over the last three decades, a diverse collection of actors—private corporations, nongovernmental organizations (NGOs), and subnational (state, provincial, and urban) governments—has developed and promoted a global agenda of collective action. From advancing human rights to combating climate change, these actors have become new governors in world politics. More recently, a second movement—a loose array of populist and nationalist groups and governments—has questioned the forward momentum of institutionalized global cooperation. Brexit, followed by the Donald J. Trump administration’s withdrawal from the Trans-Pacific Partnership and the Paris Agreement on climate change, as well as proposed cuts in U.S. contributions to the United Nations and development assistance, suggest a weakening—if not undermining—of the network of treaties, institutions, and relationships constructed over the last seventy years. Each of these movements aims to transform a global order based on intergovernmental agreements and institutions. The first movement has already done so by increasing participation in global governance of new actors who are pursuing cooperative outcomes in collaboration with and independently of national governments and intergovernmental organizations (IGOs). Their involvement both complements and complicates the traditional international order. The second movement, in contrast, asserts national interest and sovereignty against the constraints of global governance. Although the conflict between these two movements remains unresolved, they will likely shape the future global order.
Topic:
Climate Change, Human Rights, Governance, and NGOs
Political Geography:
Global Focus