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1. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

2. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

3. EIU Global Outlook—a summary of our latest global views

Publication Date:
07-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Japan, China, Turkey, Canada, India, Israel, France, South Africa, Brazil, Argentina, Germany, Saudi Arabia, Spain, Italy, Egypt, Mexico, Nigeria, Angola, United Arab Emirates, United States of America, UK, Iran, Islamic Republic of, and Russian Federation

4. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

5. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

6. EIU Global Outlook—a summary of our latest global views

Publication Date:
07-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Japan, China, Turkey, Canada, India, Israel, France, South Africa, Brazil, Argentina, Germany, Saudi Arabia, Spain, Italy, Egypt, Mexico, Nigeria, Angola, United Arab Emirates, United States of America, UK, Iran, Islamic Republic of, and Russian Federation

7. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

8. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

9. EIU Global Outlook—a summary of our latest global views

Publication Date:
07-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Japan, China, Turkey, Canada, India, Israel, France, South Africa, Brazil, Argentina, Germany, Saudi Arabia, Spain, Italy, Egypt, Mexico, Nigeria, Angola, United Arab Emirates, United States of America, UK, Iran, Islamic Republic of, and Russian Federation

10. United States of America: Country outlook

Publication Date:
12-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, Outlook, Forecast, and Overview
Political Geography:
United States of America

11. United States of America: Economic structure

Publication Date:
12-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, Economic structure, Charts and tables, and Monthly trends charts
Political Geography:
United States of America

12. United States of America: Country fact sheet

Publication Date:
10-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Summary, Economy, Background, and Fact sheet
Political Geography:
United States of America

13. United States of America: Country forecast summary

Publication Date:
10-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Summary, Economy, 5-year summary, and Key indicators
Political Geography:
United States of America

14. Economic sanctions against Russia: How effective? How durable?

Author:
Jeffrey J. Schott
Publication Date:
04-2023
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
Economic sanctions by Western democracies against Russia have not stopped the war and attacks on Ukrainian civilians. Together with continued economic and military support for Ukraine, however, sanctions are blocking Russian president Vladimir Putin from achieving his territorial objectives. Sanctions have contributed to a sharp compression of Russian imports; forced Russia’s military and industry to source from more costly and inefficient suppliers at home and abroad; and slowly begun to squeeze Russian government finances. The G7 countries must sustain and augment their efforts, including by confiscating frozen reserves of the Central Bank of Russia to help fund Ukraine’s reconstruction. G7 policymakers need to derive lessons from the current crisis about the utility of sanctions in conflicts between major powers. Maintaining coherent and coordinated sanctions against large and powerful target countries is critical for the effectiveness and durability of the policy. Deploying sanctions against such rivals also requires a long-term commitment to the implementation and enforcement of the trade and finance restrictions. Sanctions impose costs on both the target country and those imposing the sanctions, so Western policymakers need to offset those costs via domestic support or tax relief to sustain political support over time for sanctions in big power conflicts.
Topic:
Sanctions, Economy, Conflict, and Russia-Ukraine War
Political Geography:
Russia, Europe, Ukraine, and United States of America

15. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

16. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

17. United States–China semiconductor standoff: A supply chain under stress

Author:
Jeremy Mark and Dexter Tiff Roberts
Publication Date:
02-2023
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
In August 2022, the US Congress passed the CHIPS and Science Act, a law that approves subsidies and tax breaks to help jump-start the renewed production on American soil of advanced semiconductors.1 Just two months later, the Joe Biden administration issued wide-ranging restrictions on the export to China of chips and chip-making technology to undercut that country’s ability to manufacture the same class of integrated circuits.2 Taken together with a steady stream of Biden administration prohibitions on technology sales to key Chinese companies, the US initiatives represent a profound turn toward competition with China in the high-tech realm.3 They also highlight an effort to restructure the complex, multinational supply chains centered on East Asia that manufacture hundreds of billions of dollars of semiconductors a year. As such, the Biden administration has set in motion a process that could alter the business strategies—and fortunes—of homegrown and foreign-invested semiconductor companies based in China, world-leading chipmakers in Taiwan and South Korea, and suppliers around the world that provide the industry with the machinery and myriad inputs that fuel chip production. The Biden administration insists that its restrictions on sales to China are intended only to limit China’s ability to produce the cutting-edge chips that can feed into the development of weapons and other strategically important technologies—and not to cripple its semiconductor industry. But the current state of play of sanctions and support for US-based semiconductor production, including by Taiwanese and Korean chipmakers, is not the endpoint in this process. Rather, the momentum to constrain Beijing’s semiconductor program is likely to continue in the coming months, at the very least with additional restrictions on Chinese companies and government-linked entities, and unprecedented bureaucratic scrutiny of American venture-capital and equity-financing flows to China. That amounts to more bad news for corporate leaders in Asia, North America, and Europe who have spent the past generation building a globe-spanning semiconductor industry that has faced few barriers to expansion. As US restrictions mount, and sales of certain technologies to China flag, the once-unimaginable process of reorienting semiconductor supply chains will become an ever-present reality. The CHIPS and Science Act already is becoming an important factor in corporate strategy, providing incentives for Taiwanese, Korean, and American companies to make big bets on new factories in places like New York, Ohio, Texas, and Arizona—witness Taiwan Semiconductor Manufacturing Company’s (TSMC’s) recent decision to build a second factory in Phoenix.4 This paper explores the potential implications of US semiconductor policy for the global semiconductor supply chains and the competition for primacy in an industry that is constantly changing the face of the global economy and one that has implications for global security in all its dimensions. It begins by examining the policies put in place by the Biden administration, and then discusses the changes taking place across the industry, with a focus on Asia.
Topic:
Economy, Business, Supply Chains, Semiconductors, and Economic Competition
Political Geography:
China, Asia, North America, and United States of America

18. China and the new globalization

Author:
Franklin D. Kramer
Publication Date:
01-2023
Content Type:
Special Report
Institution:
Atlantic Council
Abstract:
The unitary globalized economy no longer exists. Driven in significant part by security considerations, a new and more diverse globalization is both required and being built. The transition is ongoing, and its final form is yet to be determined. Many of the causal factors for this very significant change revolve around China and the consequent responses to its actions by the United States, other democracies of the transatlantic alliance, and the advanced democratic economies of the Indo-Pacific. There are other important factors generating this new globalization including the impact of the Russia-Ukraine war both on energy markets and on trade and investment with Russia generally, as well as the global requirements for mitigating and adapting to climate change. However, China has been a critical element in what might be described as the “maximum trade-centered globalization,” which has dominated trade and investment policy in the three decades since the end of the Cold War. This issue brief describes the still-developing new globalization focusing on the issues surrounding China. A fundamental challenge that China presents arises because its actions have generated significant security and economic challenges, yet it nonetheless is a massive trade and investment partner for the “advanced democratic economies” (ADEs),1 which for purposes of this analysis include the Group of Seven (G7) countries,2 plus Australia, Norway, the Republic of Korea, and the European Union. Adapting to a new globalization requires establishing a strategic approach that resolves the inherent contradictions between those conflicting considerations.
Topic:
Security, Defense Policy, Diplomacy, Environment, Politics, Science and Technology, Economy, Business, and Energy
Political Geography:
China, Europe, Eurasia, Canada, Asia, United States of America, and Indo-Pacific

19. Authoritarian kleptocrats are thriving on the West’s failures. Can they be stopped?

Author:
Francis Shin and Ben Judah
Publication Date:
01-2023
Content Type:
Special Report
Institution:
Atlantic Council
Abstract:
A hidden web of power revealed itself to Internet users in early 2022. Following a brutal government crackdown in Kazakhstan in January, anyone using open-source flight-tracking websites could watch kleptocratic elites flee the country on private jets. A little more than a month later, Russia’s invasion of Ukraine brought a new spectacle: social media users were able to track various oligarchs’ superyachts as they jumped from port to port to evade Western sanctions. These feeds captured a national security problem in near real time: In Eurasia and beyond, kleptocratic elites with deep ties to the West were able to move themselves and their assets freely despite a host of speeches by senior officials, sanctions, and structures designed to stop them. Kleptocratic regimes—kleptocracy means “rule by thieves”—have exploited the lax and uneven regulatory environments of the global financial system to hide their ill-gotten gains and interfere in politics abroad, especially in the United States, the United Kingdom, and the European Union. They are aided in this task by a large cast of professional enablers within these jurisdictions. The stronger these forces get, the more they erode the principles of democracy and the rule of law. Furthermore, the international sanctions regime imposed on Russia in response to its invasion of Ukraine has little hope of long-term success if the global financial system itself continues to weaken. The West still has a long way to go to rein in the authoritarian kleptocrats who have thrived on the institutional dysfunction, regulatory failure, and bureaucratic weakness of the transatlantic community for far too long. We need to rethink not just how we combat kleptocracy, but also how we define it. Policy makers need to understand that authoritarian regimes that threaten transatlantic security are closely linked to illicit financial systems. As it stands, our thinking about how foreign corruption spreads is too constrained by stereotypes about kleptocratic goals and actions.
Topic:
Corruption, Diplomacy, Intelligence, Politics, Sanctions, Authoritarianism, Reform, European Union, Regulation, Finance, Economy, Rule of Law, and Russia-Ukraine War
Political Geography:
Russia, United Kingdom, Europe, Ukraine, Canada, and United States of America

20. Building a Coalition - the U.S. Faces Down Competition with China in the Chip Sector

Author:
Damian Wnukowski
Publication Date:
04-2023
Content Type:
Working Paper
Institution:
The Polish Institute of International Affairs
Abstract:
In recent months, the U.S. has intensified its international efforts to limit China’s ability to produce the most advanced chips. The result includes the introduction by Japan and the Netherlands of restrictions on the export of modern machines for chip production. In response, China is trying to attract foreign investment and develop its own potential in this sector. The U.S. actions may significantly slow the pace of China’s technological development and economic growth and limit its potential to further strengthen its military capabilities. This may make it difficult for China to support Russia with dual-use products and render possible offensive actions against Taiwan harder.
Topic:
Economy, Production, Semiconductors, and Competition
Political Geography:
China, Asia, North America, and United States of America

21. The EU Indo-Pacific Bid: Sailing Through Economic and Security Competition

Author:
Filippo Fasulo
Publication Date:
04-2023
Content Type:
Special Report
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
Over the past five years, the Indo-Pacific region's importance for Europe has grown significantly. However, the launch of the EU Strategy for cooperation in the Indo-Pacific in September 2021 and its subsequent implementation have been affected by growing polarisation between the US and China, and by a fast-changing scenario caused by the Russian invasion of Ukraine. This Report examines the state and perspectives of the EU's Indo-Pacific strategy, 18 months after its launch. Are there avenues for cooperation with regional military initiatives, such as the QUAD? How is the economic landscape changing, in particular after the start of negotiations for the Indo-Pacific Economic Framework for Prosperity (IPEF)? What are the main strategies of Indo-Pacific countries for the green transition? And how do the US, China, and ASEAN countries view and act in the Indo-Pacific region?
Topic:
Security, International Cooperation, Economy, Strategic Competition, and Russia-Ukraine War
Political Geography:
Europe, United States of America, and Indo-Pacific

22. Balance of Trade, Balance of Power: How the Trade Deficit Reflects U.S. Influence in the World

Author:
Daniel Griswold and Andreas Freytag
Publication Date:
04-2023
Content Type:
Policy Brief
Institution:
The Cato Institute
Abstract:
The U.S. trade deficit is a misunderstood symbol of U.S. economic strength and influence in the world. The deficit is not driven by unfair trade abroad or industrial weakness at home and, as the Trump years show, cannot be “fixed” through higher tariffs. Instead, the trade deficit is driven by a persistent net inflow of foreign capital, which reduces interest rates and fuels economic output. Contrary to myth, the trade deficit is not a cause of deindustrialization or a loss of manufacturing jobs. In fact, the current balance of trade points to America’s continuing influence in global affairs—as a haven for global investment, as a robust producer and buyer of global goods and services, and as the provider of a strong dollar that remains at the center of the global economy. Policymakers should reject measures that restrict trade and foreign investment and instead seek to expand America’s commercial ties to the rest of the world.
Topic:
Foreign Policy, Economy, Trade, and Trade Deficit
Political Geography:
North America and United States of America

23. Course Correction: Charting a More Effective Approach to U.S.-China Trade

Author:
Clark Packard and Scott Lincicome
Publication Date:
05-2023
Content Type:
Policy Brief
Institution:
The Cato Institute
Abstract:
Over the past several years the U.S.-China economic relationship has soured and become subordinated to broader concerns about national security and geopolitics. After a decades‐​long reform agenda in China that lifted hundreds of millions out of grinding poverty, Chinese president Xi Jinping has increasingly turned inward—reembracing Maoist socialism and heavy‐​handed central planning. Washington’s response to these worrisome developments has been reflexively hawkish economically, scattershot, and woefully inadequate for the economic challenge that China presents.
Topic:
National Security, Bilateral Relations, Economy, and Trade
Political Geography:
China, Asia, North America, and United States of America

24. Rational Eviction: How Landlords Use Evictions in Response to Rent Control

Author:
Eilidh Geddes and Nicole Holz
Publication Date:
07-2023
Content Type:
Policy Brief
Institution:
The Cato Institute
Abstract:
As housing prices rise, cities are turning to rent control policies, hoping to ensure longterm affordable housing. Typically, rent control policies require leases to be renewed at statutorily limited rent increases. Rent control policies reduce the returns from operating in the rental market, creating well‐​studied incentives for landlords to leave the rental market. Many rent control policies—including San Francisco’s—feature vacancy decontrol provisions, which allow landlords to reset rents to market rates when tenants move. These policies limit the reductions in returns to operating in the rental market but create incentives for landlords to induce tenant turnover, possibly through evictions. The more tenants move, the more often a landlord can raise rents to market rates.
Topic:
Markets, Economy, Eviction, Housing, and Rent
Political Geography:
North America and United States of America

25. Central Bank Digital Currency: The Risks and the Myths

Author:
Nicholas Anthony and Norbert Michel
Publication Date:
01-2023
Content Type:
Policy Brief
Institution:
The Cato Institute
Abstract:
Central bank digital currencies (CBDCs) have the potential to radically transform the American financial system—ultimately usurping the private sector and endangering Americans’ core freedoms. Although CBDCs have gained the attention of politicians, central bankers, and the tech industry, this experiment should be left on the drawing board. This paper provides a summary of why Congress should explicitly prohibit the Federal Reserve and the Department of the Treasury from issuing a CBDC.
Topic:
Finance, Economy, Fiscal Policy, Banking, and Digital Currency
Political Geography:
North America and United States of America

26. Self‐​Service Bans and Gasoline Prices: The Effect of Allowing Consumers to Pump Their Own Gas

Author:
Vitor Melo
Publication Date:
01-2023
Content Type:
Policy Brief
Institution:
The Cato Institute
Abstract:
Billions of people live in countries that ban self‐​service fueling at gasoline stations, including some of the world’s largest countries by population, including China, India, and Brazil, among many others. The impact of these bans is largely understudied despite their prevalence presumably because this policy is often implemented at the national level and because there have been no policy changes in these countries that allow for an assessment of these bans on gasoline prices.
Topic:
Gas, Regulation, Economy, and Consumer Behavior
Political Geography:
North America, Global Focus, and United States of America

27. Inequality of Opportunity and Income Redistribution

Author:
Marcel Preuss, Germán Reyes, Jason Somerville, and Joy Wu
Publication Date:
01-2023
Content Type:
Working Paper
Institution:
Center for Distributive, Labor and Social Studies (CEDLAS)
Abstract:
We examine how people redistribute income when there is uncertainty about the role luck plays in determining opportunities and outcomes. We elicit redistribution decisions from a U.S.- representative sample who observe worker outcomes and whether luck magnified workers’ effort (“lucky opportunities”) or determined workers’ income directly (“lucky outcomes”). We find that participants redistribute less and are less reactive to changes in the importance of luck in environments with lucky opportunities. Our findings have implications for models that seek to understand and predict redistribution attitudes, and help to explain the gap between lab evidence on support for redistribution and U.S. inequality trends.
Topic:
Inequality, Economy, Redistribution, and Income
Political Geography:
North America and United States of America

28. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

29. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

30. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

31. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

32. A Wall of Separation Between Money and State: Policy and Philosophy for the Era of Cryptocurrency

Author:
Max Raskin and Richard A. Epstein
Publication Date:
03-2023
Content Type:
Journal Article
Journal:
Brown Journal of World Affairs
Institution:
Brown Journal of World Affairs
Abstract:
Throughout history, there have been two fundamental and interrelated debates over the creation and use of money.1 The first debate is whether money should be created by the market or the state.2 When money is created by private markets, individual currencies oper- ate in competition with each other, such that the value of any given currency is measured by its relative strength against the others. In contrast, under a system where the government has a monopoly over the supply of money, the sound- ness of the currency is ensured, if at all, by a set of institutional constraints to prevent its debasement. A second debate arises between those who believe that money should be a tool used by policymakers to achieve certain political, economic, and social ends and those who believe that money should be a neutral unit of measurement, like inches or kilograms.3 Today, central banks are tasked with mandates to achieve full employment, plug budget deficits, and spur real economic growth. The institutional challenge for governments is to decide how to balance these goals with the need for price stability. Discretion by central bankers with respect to these tradeoffs is intended to allow public officials to operate the system for the public benefit. By the same token, government discretion in the management of money creates the possibility of major failures—such as runaway inflation—if that discretion is misused.
Topic:
Finance, Economy, Central Bank, Currency, Cryptocurrencies, and Bitcoin
Political Geography:
Global Focus and United States of America

33. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

34. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

35. A New Horizon in U.S. Trade Policy: Key Developments and Questions for the Biden Administration

Author:
Trevor Sutton and Mike Williams
Publication Date:
03-2023
Content Type:
Policy Brief
Institution:
Center for American Progress - CAP
Abstract:
This issue brief examines some of the key trade initiatives pursued by the Biden administration to date. It then sets out key questions facing U.S. trade policy in a global environment defined by volatility and renewed ambition to tackle the great challenges of the 21st century, such as climate change, inequality, and great power competition.
Topic:
Foreign Policy, Climate Change, Treaties and Agreements, European Union, Inequality, Economy, Trade Policy, and Strategic Competition
Political Geography:
Europe, North America, Asia-Pacific, United States of America, and Americas

36. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

37. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

38. Is the banking crisis back?

Author:
Olivier Perquel
Publication Date:
03-2023
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
On March 8th, 2023, the Silvergate Bank, a small American regional establishment, a crypto-currency specialist, went bankrupt. Two days later, on March 10th, the Silicon Valley Bank, a large regional bank, which had become the 16th largest in the US by total assets, and the largest holder of the liquidities of Californian startups and venture capital, failed. On March 12th, Signature Bank (roughly half of the size of Silicon Valley Bank), of which the Trump family was a client until the Capitol incidents, also collapsed. Three bank runs in only a few days, even though everyone believed that since the 2007 crisis and the subsequent massive re-regulation of the banking sector in the United States and in Europe, the banking sector was safe. These three bankruptcies followed the same mechanism. Silicon Valley, as its name suggests, was the main bank of the Californian Silicon Valley, where startups and venture capital funds deposited their liquidities. And following the extraordinary development of this activity until 2022, these liquidities had become extremely large. It should indeed be understood that these funds and startups which look for financial backing all the time and obtain frequent and ever larger fundraises, therefore own significant amounts of liquidities. Indeed, start-ups raise money at a given point in time to finance their runway, i.e. their investments and working capital requirements, for a certain period of time (one, two or three years) until the following fundraise. As a result, during the intermediary period, they deposit the amounts raised and not yet spent in banks. Similarly, the venture capital funds take a certain time to invest the amounts raised and, in the meantime, deposit their Dry Powder in banks. Hence these bank deposits grow extremely rapidly. However, an organization like Silicon Valley Bank cannot develop at the same speed as its credit activities, far from it. It is therefore obliged to invest its assets in bonds, notably US Treasury bonds, liquid in nature, and not risky - supposedly. And when rates rise, the value of these bonds decreases, even if it does not show in the bank’s accounts, since these bonds are generally accounted for as “held to maturity”, i.e. at par. Indeed, at maturity, these bonds will be reimbursed at par; and if the banks keep these bonds until then, it will not lose any money
Topic:
Economy, Banking Crisis, and Startup
Political Geography:
North America and United States of America

39. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

40. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

41. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

42. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

43. South Korea and IPEF: Rationale, Objectives and the Implications for Partners and Neighbors

Author:
Jaewoo Choo
Publication Date:
02-2023
Content Type:
Working Paper
Institution:
Institut français des relations internationales (IFRI)
Abstract:
As a key manufacturer of high-end technology components critical to the sustainability of the Fourth Industrial Revolution, South Korea is essential in any effort to rebuild a resilient global supply chain but also to the promotion of a clean economy. South Korea can thus contribute to two of the pillars of IPEF (Indo-Pacific Economic Framework), specially to pillars II and III (supply-chain resilience and a clean economy). However, as the US executive and legislative branches intensify their hawkish approaches to China, they have not given much consideration to the possible damage they will inflict on the strategic interests of some of their allies. In particular, they have not fully considered Korean factors when legislating on bills such as the Inflation Reduction Act (IRA). This paper argues that allies such as South Korea and France must make the White House and US legislature aware of the external consequences of their decisions and behavior, and that they must cooperate within the confines of US-led strategic initiatives.
Topic:
Science and Technology, Economy, Supply Chains, and Semiconductors
Political Geography:
China, Asia, South Korea, and United States of America

44. United States of America: Basic data

Publication Date:
12-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Summary, Basic Data, Economy, and Background
Political Geography:
United States of America

45. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

46. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

47. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

48. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

49. EIU Global Outlook—a summary of our latest global views

Publication Date:
07-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Japan, China, Turkey, Canada, India, Israel, France, South Africa, Brazil, Argentina, Germany, Saudi Arabia, Spain, Italy, Egypt, Mexico, Nigeria, Angola, United Arab Emirates, United States of America, UK, Iran, Islamic Republic of, and Russian Federation

50. Pandemic-era Inflation Drivers and Global Spillovers

Author:
Julian di Giovanni, Şebnem Kalemli-Özcan, Alvaro Silva, and Muhammad A. Yildirim
Publication Date:
11-2023
Content Type:
Working Paper
Institution:
The John F. Kennedy School of Government at Harvard University
Abstract:
We estimate a multi-country multi-sector New Keynesian model to quantify the drivers of domestic inflation during 2020–2023 in several countries, including the United States. The model matches observed inflation together with sector-level prices and wages. We further measure the relative importance of different types of shocks on inflation across countries over time. The key mechanism, the international transmission of demand, supply and energy shocks through global linkages helps us to match the behavior of the USD/Euro exchange rate. The quantification exercise yields four key findings. First, negative supply shocks to factors of production, labor and intermediate inputs, initially sparked inflation in 2020–2021. Global supply chains and complementarities in production played an amplification role in this initial phase. Second, positive aggregate demand shocks, due to stimulative policies, widened demand-supply imbalances, amplifying inflation further during 2021–2022. Third, the reallocation of consumption between goods and service sectors, a relative sector-level demand shock, played a role in transmitting these imbalances across countries through the global trade and production network. Fourth, global energy shocks have differential impacts on the US relative to other countries’ inflation rates. Further, complementarities between energy and other inputs to production play a particularly important role in the quantitative impact of these shocks on inflation.
Topic:
Economy, Inflation, Pandemic, COVID-19, and Supply Chains
Political Geography:
Global Focus and United States of America

51. A Growth Perspective on Wyoming

Author:
Thảo-Nguyên Bùi, Tim Freeman, Farah Kaddah, Lucas Lamby, and Yang Li
Publication Date:
03-2023
Content Type:
Working Paper
Institution:
The John F. Kennedy School of Government at Harvard University
Abstract:
This report sets out to understand if the economy of the State of Wyoming is positioned to grow into the future. To do this, the report begins by investigating the past. To know where the state economy could be headed, and how that direction may be improved, it is critical to understand how the state developed the economic structure and drivers that it has today. Thus, Wyoming’s economic trajectory is explored over the long, medium, and short term. From this investigation, we find that Wyoming faces an overall growth problem, but we also find a high degree of variation in economic engines and growth prospects across the state. The problem that this report identifies is that the composition of economic activities is not positioned to sustain a high quality of life across all parts of the state. “Across all parts of the state” is an essential part of the problem statement for Wyoming. While some local and regional economies in the state are growing and bumping up against identifiable constraints, other local and regional economies are experiencing sustained contractions and will require new sources of growth in order to retain (or expand) population and high quality of life. Since economic dynamics vary significantly across the state, analysis is conducted in as much geographic detail as possible. By combining historical and geographic dimensions of growth, this report aims to inform pathways for sustained and inclusive prosperity across the of Wyoming.
Topic:
Economy, Economic Growth, Telework, and Green Economy
Political Geography:
North America and United States of America

52. Egypt’s Economic Freefall Provides an Opening for U.S. Assistance—and Leverage

Author:
Ben Fishman
Publication Date:
01-2023
Content Type:
Commentary and Analysis
Institution:
The Washington Institute for Near East Policy
Abstract:
As Secretary of State Antony Blinken prepares to visit Cairo on January 29-30, Egypt’s economy has been busy plummeting to new lows. Part of the blame can be laid on the twin shocks of the COVID-19 pandemic and the Ukraine war, which disproportionately affected the country due to its heavy reliance on threatened resources such as wheat and tourism revenue from Russia and Ukraine. Yet the bulk of its struggles can be attributed to Cairo’s broad economic mismanagement under President Abdul Fattah al-Sisi, which has included everything from currency manipulation to misplaced spending priorities, wasteful megaprojects, and undue state and military control over the economy. Since March 2022, Egypt’s currency has lost half its value and now stands at 30 pounds to the U.S. dollar—a drop spurred by the flight of dollars and the IMF’s requirement to adopt a flexible exchange rate. As a result, official inflation reached nearly 22% in December, fifteen points higher than it was at the end of 2021. Shortages are now frequent, and prices for basic goods have soared by nearly 40%. The rising cost of essential bread in particular will be difficult to maintain much longer. Meanwhile, the debt-to-GDP ratio has risen to 95%, with a record $100 billion in loan payments due over the next four years. Egypt’s 2022-23 budget allocates over 50% to debt servicing and loan repayments, and this sky-high figure will only increase further over time because the loans are dollar-denominated.
Topic:
Foreign Policy, Human Rights, Foreign Aid, Reform, and Economy
Political Geography:
Middle East, North Africa, Egypt, and United States of America

53. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

54. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

55. What Does the US-China Tech Cold War Mean for the Middle East?

Author:
Alistair Taylor and Mohammed Soliman
Publication Date:
04-2023
Content Type:
Video
Institution:
Middle East Institute (MEI)
Abstract:
On this week's episode Alistair Taylor, MEI's editor-in-chief, is joined by Mohammed Soliman, director of MEI's Strategic Technologies and Cyber Security Program, to discuss the US-China tech Cold War and what it means for the Middle East. At the nexus of great power competition and rapid technological advances in areas like semiconductors and AI, the rivalry between Washington and Beijing is fuelling a longer-term process of economic and technological decoupling. Navigating this growing divide will be a key challenge for regional actors across MENA.
Topic:
Foreign Policy, Science and Technology, Cybersecurity, Economy, and Strategic Competition
Political Geography:
China, Middle East, and United States of America

56. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

57. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

58. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

59. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

60. Reimagining the TPP: Revisions that Could Facilitate U.S. Reentry

Author:
Wendy Cutler and Clete Willems
Publication Date:
12-2022
Content Type:
Special Report
Institution:
Asia Society
Abstract:
Since the United States withdrew from the Trans-Pacific Partnership (TPP) in 2017, countries in the Asia-Pacific have actively concluded trade deals without the U.S. This includes China, which is a member of the Regional Comprehensive Economic Partnership (RCEP) and has recently applied to join the TPP, now known as the CPTPP. These developments have increased the urgency for the United States to step up its economic engagement in the world’s fastest-growing region. The Indo-Pacific Economic Framework for Prosperity (IPEF) is a useful step in this direction, but countries in the region are clamoring for more. A return to CPTPP would provide an immediate boost to U.S. economic competitiveness and geopolitical influence. However, many concerns about the original TPP are legitimate and U.S. trade policy views have shifted since the agreement was concluded. A new report by the Asia Society Policy Institute titled Reimagining the TPP: Revisions that Could Facilitate U.S. Reentry aims to start a meaningful conversation about potential U.S re-entry into the CPTPP based on extensive consultations and important input from a broad range of trade experts, domestic stakeholders, and CPTPP members. It offers recommendations for improvements and updates to the agreement in 12 areas needed to meet U.S. economic interests and facilitate U.S. re-entry.
Topic:
Economy, Trans-Pacific Partnership, and Trade Policy
Political Geography:
North America and United States of America

61. Deciding the future: the Australian Army and the infantry fighting vehicle

Author:
Albert Palazzo
Publication Date:
10-2022
Content Type:
Special Report
Institution:
Australian Strategic Policy Institute (ASPI)
Abstract:
The aim of this report is to inform government decision-makers and the public on the ability of Project LAND 400 Phase 3—the infantry fighting vehicle (IFV) acquisition—to meet the needs of Australia. I examine a number of factors that provide context for the government’s upcoming decision, whenever that may take place. Those include how IFVs fit into the Australian strategic environment, the ease with which the ADF can deploy them, their vulnerability to threats, and the ongoing utility of armour in the light of lessons unfolding from the ongoing Russian–Ukrainian War. To set the information into a useful context, this report explains the nature of contemporary land warfare and speculates how the Australian Army is likely to fight in a future conflict. To further assist those making the IFV decision, this report offers a number of scenarios that outline potential operations that the government may direct the ADF to undertake. It also identifies current gaps in ADF capability that will need remediation if the IFV is to achieve its potential, as well as the other opportunities that might not be taken up because of the focus on this investment. The report’s analysis results in some key questions for decision-makers to consider as they decide on the infantry fighting vehicle acquisition: Does the government believe that its IFV investment will deliver an appropriate balance of protection, lethality and mobility (both tactical and operational)? Does the government agree with the requirement for an infantry vehicle with STANAG 4569 Level 6 force protection and equipped with an active protection system? Is the government confident that the number of the IFVs obtained will generate a deployable and sustainable force that represents a sufficient return on the investment? Does the government accept that the IFV options under consideration will enable the ADF to offset existing gaps in capability and allow it to conduct operations in a contested maritime environment, including sea and airlift, long-range fires and logistics? Is the government confident that the Army’s combined arms system is deployable in contested environments, particularly in a maritime scenario? Does the government believe that the IFV will provide utility in the range of contingencies that the government envisages the ADF will need to meet? Does the government agree that the IFV will contribute to the requirement that the ADF be able to shape, deter and respond to threats as mandated in the 2020 Defence Strategic Update (DSU)?
Topic:
Defense Policy, National Security, United Nations, Economy, Defense Industry, and Russia-Ukraine War
Political Geography:
Russia, Europe, Australia, and United States of America

62. The Third Term: Messages from China’s CCP’s national congress to the US

Author:
FARAS
Publication Date:
11-2022
Content Type:
Policy Brief
Institution:
Future for Advanced Research and Studies (FARAS)
Abstract:
The 20th National Congress of the Chinese Communist Party, held from October 16 to October 22, is the most significant event in China. The event only happens twice every decade, but this particular Congress is extraordinarily important. President Xi Jinping secured an unprecedented third five-year term in power, breaking with the party’s rule of not allowing a sitting leader for more than two successive five-year terms in office. The rule was established by former president Deng Xiaoping and was enshrined in the country’s constitution which was later amended by president Xi in 2017.
Topic:
Economy, Domestic Politics, and Chinese Communist Party (CCP)
Political Geography:
China, Taiwan, Asia, and United States of America

63. Geoeconomics of Polarisation: Can BRICS eclipse western global economic power?

Author:
FARAS
Publication Date:
07-2022
Content Type:
Policy Brief
Institution:
Future for Advanced Research and Studies (FARAS)
Abstract:
The 14th BRICS summit concluded on June 24 amid Western sanctions on Russia and rising tension between China and the US over Taiwan. The two-day event took place via video and was hosted by Beijing.
Topic:
Economy, BRICS, Polarization, and Russia-Ukraine War
Political Geography:
Russia, China, India, Taiwan, South Africa, Brazil, and United States of America

64. Four Years of Profound Change: Immigration Policy during the Trump Presidency

Author:
Jessica Bolter, Emma Israel, and Sarah Pierce
Publication Date:
02-2022
Content Type:
Special Report
Institution:
Migration Policy Institute (MPI)
Abstract:
Over the course of four years, the Trump administration set an unprecedented pace for executive action on immigration, enacting 472 administrative changes that dismantled and reconstructed many elements of the U.S. immigration system. Humanitarian protections were severely diminished. The U.S.-Mexico border became more closed off. Immigration enforcement appeared more random. And legal immigration became out of reach for many. All of this was accomplished nearly exclusively by the executive branch, with sweeping presidential proclamations and executive orders, departmental policy guidance, and hundreds of small, technical adjustments. This report, which concludes a series of MPI reports providing an overview of policies at different points during the Trump administration, chronicles the immigration actions, large and small, that President Donald Trump and his administration took from January 20, 2017, through January 20, 2021. After an overview of the transformation of the U.S. immigration system during this historic period, the report breaks these hundreds of changes down by issue area: the administration’s response to the COVID-19 pandemic; border and interior enforcement; actions involving the Department of Justice and the immigration court system; the admission of refugees, asylum seekers, and other humanitarian migrants; changes to vetting and visa processes, which involve the State Department, U.S. Citizenship and Immigration Services, and the Department of Labor; and actions involving agencies usually less central to immigration policy discussions. As the authors write, “While it may be possible for subsequent administrations to rescind many of these changes, others cannot simply be unwound.” Many are likely to remain on the books for years to come, with a lasting impact on the U.S. immigration system.
Topic:
Law Enforcement, Border Control, Employment, Refugees, Citizenship, Economy, Resettlement, Donald Trump, Asylum, Integration, Deportation, COVID-19, Immigration Policy, Illegal Immigration, and DREAM Act
Political Geography:
United States of America

65. China, Europe, and the Pandemic Recession: Beijing’s Investments and Transatlantic Security

Author:
John R. Deni, Chris Alden, Erik Brattberg, Roger Cliff, Mark Duckenfield, R. Evan Ellis, Nicholas Nelson, and Laura Speranza
Publication Date:
05-2022
Content Type:
Special Report
Institution:
The Strategic Studies Institute of the U.S. Army War College
Abstract:
Given the depth and breadth of the pandemic-induced recession in Europe, private companies in need of capital and governments looking to shed state-owned enterprises may be tempted to sell shares, assets, or outright ownership to investors with liquidity to spare. Of greatest concern is the role that China might play in Europe, building Beijing’s soft power, weakening allied geopolitical solidarity, and potentially reprising the role it played in the 2010s, when its investments in Europe expanded dramatically. More specifically, there is concern over China’s investments in infrastructure and sensitive technologies relevant to American and allied military operations and capabilities. Whether Europe is prepared and able to parry Beijing’s economic statecraft is somewhat unclear, given varied attitudes toward China and the patchwork of investment screening mechanisms across the continent. Regardless, the outcomes will have significant implications for US security and for the Defense Department specifically. In support of US European Command (EUCOM) and the Department of Homeland Security (DHS), the U.S. Army War College’s Strategic Studies Institute (SSI) assembled an interdisciplinary team to examine these issues and offer actionable policy recommendations for military leaders and decisionmakers on both sides of the Atlantic.
Topic:
Security, Military Affairs, Economy, Investment, Transatlantic Relations, COVID-19, State-Owned Enterprises, and Recession
Political Geography:
China, Europe, Asia, and United States of America

66. Spring 2022 edition of Strategic Visions

Author:
Casey VanSise and Alan McPherson
Publication Date:
05-2022
Content Type:
Journal Article
Journal:
Strategic Visions
Institution:
Center for the Study of Force and Diplomacy, Temple University
Abstract:
News from the Director . . . . . . . . . . . . 2 Spring 2022 Colloquium . . . . . . . . 2 Columnist Trudy Rubin at CENFAD . . . . . . . . . . . . . . . . . . 3 Spring 2022 Prizes . . . . . . . . . . . . 3 First CENFAD Emerging Scholar . . . . . . . . . . . . . . . . . . . . . . 4 Thanks to the Davis Fellow . . . . . . 4 News from the CENFAD Community . . . . . . . . . . . . . . . . . . . . . 5 Note from the Davis Fellow . . . . . . . . 9 CENFAD Community Interviews Dr. Robert “Bob” Vitalis . . . . . . . 11 Dr. Elizabeth R. Varon . . . . . . . . . 15 Dr. Matthew Specter . . . . . . . . . . 19 Dr. Miguel La Serna . . . . . . . . . . 25 Dr. Paul Adler . . . . . . . . . . . . . . . 31 Short Essay: “The Stable Republic of Brazil,” by Dr. Philip Evanson . . . . . 35 Book Reviews Her Cold War: Women in the U.S. Military, 1945-1980, reviewed by Ariel Natalo-Lifton . . . . . . . . . . . 40 American Exceptionalism: A New History of an Old Idea, reviewed by Graydon Dennison . . . . . . . . . 46
Topic:
Economy, History, Interview, COVID-19, Strategic Interests, and Military
Political Geography:
Brazil, Global Focus, and United States of America

67. CONTAINMENT 2.0: SANCTIONS FOR THE LONG HAUL

Author:
David A. Lake
Publication Date:
03-2022
Content Type:
Commentary and Analysis
Institution:
Political Violence @ A Glance
Abstract:
The West is not imposing coercive sanctions on Russia to stop its current aggression. No one seriously expects that the sanctions will cause President Putin to withdraw from Ukraine. NATO made clear before the war that its members will not defend Ukraine with military force. The European members have also, as expected, carved out exceptions to the sanctions regime for oil and gas so as not to impose too much pain on their own economies. Putin anticipated the general scope of the sanctions likely to be imposed on Russia and decided it was worth invading Ukraine anyways. While he may have been surprised by the extent of the sanctions and unity of NATO so far, this is not enough to alter his calculus. Indeed, he is doubling down on the original plan. He also knows that he has other weapons and forms of coercion against the West up his sleeve. Rather, we are seeing the birth of a possible Containment 2.0, a forced decoupling of Russia from the Western international economy. This is a long-term, not a short-term, strategy. The point is to undermine the Russian economy, stifle its technological progress, deny Russians a standard of living comparable to that of the West, and break support for the regime over time. In doing so, the West undermines Russia’s ability to compete militarily, aiming to forestall further Ukraines, and weakens Putin’s hand at home and abroad.
Topic:
NATO, International Trade and Finance, Sanctions, Economy, and Containment
Political Geography:
Russia, Europe, Ukraine, Global Focus, and United States of America

68. U.S. Strategy and Economic Statecraft: Understanding the Tradeoffs

Author:
Christopher S. Chivvis and Ethan Kapstein
Publication Date:
04-2022
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
Few would dispute that U.S. economic policy has enormous consequences for America’s national security and role in the world. But economic policy is too often made without a clear picture of the strategic tradeoffs it entails. The purpose of this paper is to help clarify some of these tradeoffs by considering three alternative models of U.S. economic statecraft. The first model examined here, America First, has several national security and economic disadvantages. It would not only antagonize some of Washington’s key military allies but probably also undermine U.S. international competitiveness. It might even induce countries to turn their economic attention toward China, reducing the United States’ global influence accordingly. A better approach would be a blend of two other models, namely alliance economics and globalization 2.0. Together these approaches could help orient the United States for the geopolitical challenges of the next decade. By emphasizing commercial relations with U.S. military allies, such a blend would recall Article 2 of the North Atlantic Treaty, which calls for international economic cooperation among NATO member states. And by leading a reformed multilateral system, the United States would again put itself at the center of the rules-based global economic order that brought prosperity to millions.
Topic:
Foreign Policy, NATO, Geopolitics, Economy, Economic Cooperation, and Strategy
Political Geography:
North America and United States of America

69. U.S.-China Technological “Decoupling”: A Strategy and Policy Framework

Author:
Jon Bateman
Publication Date:
04-2022
Content Type:
Special Report
Institution:
Carnegie Endowment for International Peace
Abstract:
A partial “decoupling”2 of U.S. and Chinese technology ecosystems is well underway. Beijing plays an active role in this process, as do other governments and private actors around the world. But the U.S. government has been a primary driver in recent years with its increased use of technology restrictions: export controls, divestment orders, licensing denials, visa bans, sanctions, tariffs, and the like. There is bipartisan support for at least some bolstering of U.S. tech controls, particularly for so-called strategic technologies, where Chinese advancement or influence could most threaten America’s national security and economic interests. But what exactly are these strategic technologies, and how hard should the U.S. government push to control them? Where is the responsible stopping point—the line beyond which technology restrictions aimed at China do more harm than good to America? These are vexing questions with few, if any, clear answers. Yet the United States cannot afford simply to muddle through technological decoupling, one of the most consequential global trends of the early twenty-first century. The U.S. technology base—foundational to national well-being and power—is thoroughly enmeshed with China in a larger, globe-spanning technological web. Cutting many strands of this web to reweave them into new patterns will be daunting and dangerous. Without a clear strategy, the U.S. government risks doing too little or—more likely—too much to curb technological interdependence with China. In particular, Washington may accidentally set in motion a chaotic, runaway decoupling that it cannot predict or control. Sharper thinking and more informed debates are needed to develop a coherent, durable strategy. Today, disparate U.S. objectives are frequently lumped together into amorphous constructs like “technology competition.” Familiar terms like “supply chain security” often fail to clarify such basic matters as which U.S. interests must be secured and why. Important decisions are siloed within opaque forums (like the Committee on Foreign Investment in the United States [CFIUS]), narrow specialties (like export control law), or individual industries (like semiconductors), concealing the bigger picture. The traditional concerns of “tech policy” and “China policy” receive outsized attention, while second-order implications in other areas (such as climate policy) get short shrift. And as China discourse in the United States becomes more politically charged, arguments for preserving technology ties are increasingly muted or not voiced at all. This report aims to address these gaps and show how American leaders can navigate the vast, perilous, largely unmapped terrain of technological decoupling. First, it gives an overview of U.S. thinking and policy—describing how U.S. views on Chinese technology have evolved in recent years and explaining the many tools that Washington uses to curb U.S.- China technological interdependence. Second, it frames the major strategic choices facing U.S. leaders—summarizing three proposed strategies for technological decoupling and advocating a middle path that preserves and expands America’s options. Third, it translates this strategy into implementable policies and processes—proposing specific objectives for U.S. federal agencies and identifying the technology areas where government controls are (or are not) warranted. The report also highlights many domestic investments and other self-improvement measures that must go hand in hand with restrictive action.
Topic:
National Security, Science and Technology, Intellectual Property/Copyright, Authoritarianism, Economy, Espionage, Military, and Interdependence
Political Geography:
China, Asia, North America, and United States of America

70. Have trade agreements been bad for America?

Author:
Alan Wm. Wolff, Robert Z. Lawrence, and Gary Clyde Hufbauer
Publication Date:
12-2022
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
Many Americans are persuaded that trade agreements of the last 40 years have been a costly mistake. To be sure, open markets leave some people behind, and promises to help those hurt were broken. But on balance, expanding trade has greatly benefited the US economy, and policy approaches taken need to be built on rather than abandoned. Alan Wm. Wolff, Gary Clyde Hufbauer, and Robert Z. Lawrence say more must be done to help those harmed, but protectionism is not the solution. The international trading system needs more outspoken US support and leadership if it is to be maintained and improved.
Topic:
International Trade and Finance, Treaties and Agreements, Economy, and Trade
Political Geography:
Global Focus and United States of America

71. Bad news for the Fed from the Beveridge space

Author:
Olivier Blanchard, Alex Domash, and Lawrence H. Summers
Publication Date:
07-2022
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
The Federal Reserve seeks to cool an overheated US labor market to ease wage hikes and reduce job vacancies, without a painful spike in unemployment. But empirical evidence indicates that these goals have never been accomplished together and remain unlikely now. In fact, fighting inflation will require a reduction in job vacancies and also an increase in unemployment. The inverse relationship between job vacancies and unemployment is measured by the Beveridge curve, named after a British economist. Blanchard, Domash, and Summers find that the Fed’s hope that vacancies can be decreased without increasing unemployment flies in the face of historical empirical evidence. The current low unemployment rate and the very high vacancy-to-unemployment ratio suggest that the labor market is overheating and the natural unemployment rate has increased. It has increased about 1.3 percentage points from its pre-COVID level, implying the labor market is even more overheated than suggested by the current unemployment rate.
Topic:
Economy, Unemployment, and Labor Market
Political Geography:
North America and United States of America

72. Advancing a framework for the stabilization and reconstruction of Ukraine

Author:
Patrick Quirk and Prakhar Sharma
Publication Date:
10-2022
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
Russia’s illegal and unprovoked war on Ukraine has shattered peace on the European continent and created tectonic shifts in the transatlantic security architecture. The Kremlin’s invasion has decimated Ukraine’s economy and infrastructure, and left tens of thousands of innocent civilians wounded or dead as part of a war-crime ridden military campaign. At the time of writing, Kyiv is making slow advances in the South and East with the help of significant Western military and economic aid, yet the outcome of the conflict continues to hang in the balance. A prolonged stalemate and some variation of a negotiated settlement seem most likely, with a Russian victory remaining a distant possibility.1 Absent an absolute Kremlin victory, Ukraine will need to stabilize vast swathes of its territory and reconstruct the social and industrial infrastructure therein.2 Due to their proximity to Ukraine and long-standing economic, political, and social connections, transatlantic allies and partners will most likely be deeply involved in this effort and will be significantly affected by its end result. The purpose of this issue brief then is to help Ukrainian, North American, and European policymakers consider stabilization and reconstruction needs and have a playbook in place regardless of the circumstances or outcome.
Topic:
Security, Defense Policy, Diplomacy, Science and Technology, Reconstruction, Economy, Business, Innovation, Resilience, Russia-Ukraine War, and Stabilization
Political Geography:
Russia, Ukraine, Eastern Europe, and United States of America

73. Behavioral Responses to Supply‐​Side Drug Policy during the Opioid Epidemic

Author:
Simone Balestra, Heige Liebert, and Nicole Maestas
Publication Date:
12-2022
Content Type:
Policy Brief
Institution:
The Cato Institute
Abstract:
In the last 20 years, the use of prescription opioids has grown dramatically in the United States. Since 1999, the number of opioid prescriptions increased by 300 percent, surpassing 255 million prescriptions in 2012 (81.3 prescriptions per 100 people) before declining to 153 million prescriptions by 2019 (46.7 per 100 people). Opioids may be an effective analgesic for acute pain, but they are also associated with high risks of addiction and overdose. Death rates from opioid poisoning tripled between 2000 and 2014, contributing to a stunning reversal in 1999 of the long‐​running decline in midlife mortality. The increase in overdose deaths was initially driven by prescription opioid poisonings, but the more recent surge in deaths has been attributed to illicit opioids such as heroin and fentanyl.
Topic:
Economy, Drugs, Public Health, and Opioid Crisis
Political Geography:
North America and United States of America

74. World Economy Winter 2022: Strong headwinds for global economic activity

Author:
Klaus-Jurgen Gern, Stefan Kooths, Ulrich Stolzenburg, Jan Reents, and Nils Sonnenberg
Publication Date:
12-2022
Content Type:
Working Paper
Institution:
Kiel Institute for the World Economy (IfW)
Abstract:
Global growth has decelerated over the course of the year under the impact of high energy prices and great uncertainty. Monetary policy, which is being tightened very quickly in view of high inflationary pressure across the board, is now also putting a drag on economic activity. Overall, production remained on an upward trend into the fall, with impetus coming from easing supply bottlenecks and the continuing normalization of activity in those sectors of the economy particularly affected by the Covid-19 pandemic. Towards the end of the year, however, economic momentum weakened noticeably further. The major advanced economies in particular are currently facing a period of weak economic activity despite considerable fiscal support measures. At the same time, the problems for the Chinese economy remain significant. While global output (measured on a purchasing power parity basis) at 3.2 percent is expected to grow by 0.3 percentage points more this year than expected in September, we continue to forecast an increase of only 2.2 percent next year. For 2024, our expectation has even been reduced slightly to 3.2 percent, mainly because we do expect the US economy to recover slowly. Inflation is likely to have peaked and is expected to slow significantly over the forecast horizon thanks to lower commodity prices and easing economic tensions. However, underlying inflation is not likely to return to target levels until the end of the forecast period.
Topic:
Monetary Policy, Economy, Business, COVID-19, and Emerging Economies
Political Geography:
China, Europe, Asia, North America, and United States of America

75. The US economic presence in Greece – George Tzogopoulos

Author:
George Tzogopoulos
Publication Date:
12-2022
Content Type:
Policy Brief
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
The excellent status of Greek-American relations is reflected in the economic sphere. The stock of American Foreign Direct Investment (FDI) in Greece has increased in the recent years. The technology sector has captured the attention of American digital giants, which have displayed a tendency to choose to build some of their innovation hubs in Greece. Although this is not a new phenomenon, the last few years have seen several new investments, as well as an increasing number of tech-labs in which Greece’s digital ecosystem flourishes. Over and beyond Greece’s digital transformation, the country’s shift toward green energy has sparked the interest of American companies, keen to explore opportunities. In tandem, the US is a critical supplier of liquefied natural gas (LNG) to Greece, which is, in addition, slowly acquiring the infrastructure capacity to function as an artery through which American LNG can be transported to other markets in the Balkans. Greek ship-owners are playing a significant role in the new energy market. The investment of ONEX in Syros is crucial for Greek-American co-operation in the maritime sector and could possibly be replicated in the Elefsis shipyards. The real estate sector appears attractive for American companies. Focused principally on the acquisition and/or renovation of hotels, this is expected to boost the tendency of American tourists to return to Greece after the two-years hiatus imposed by the COVID-19 pandemic. The positive momentum could also encourage more American students to study in Greece. The volume of Greek-American trade has steadily increased since 2016, with Greece maintaining a diminishing surplus.
Topic:
Science and Technology, Bilateral Relations, Economy, Trade, Real Estate, and Digital Transition
Political Geography:
Europe, Greece, North America, and United States of America

76. Australia’s Strategic Responses to the US-China Rivalry and Implications to Korea

Author:
Ina Choi, Sunhyung Lee, Jaeho Lee, and So Eun Kim
Publication Date:
08-2022
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
As in other Asia-Pacific countries, boosting trade with China has provided a growth engine for Australia's economy. Australia shared concerns over security threats posed by China’s military expansion, but up until the mid-2010s hard balancing against China did not seem to be an option for Australia. Australia’s recent moves against China, however, signal that Canberra has reset its China policy, with an overhaul of its national security and defense strategy. The shift of Australia’s China policy is an interesting case to explore how the regional order is likely to evolve in the growing US-China competition. Assessing Australia’s recent foreign policy is also relevant to Korea, both in terms of navigating Korea’s relations with the US and China and enhancing strategic ties between Australia and Korea. Against this backdrop, this study unravels Australia’s strategic responses to the changing regional order and draw implications for Korea's foreign policy.
Topic:
Security, Foreign Policy, National Security, Economy, Trade, and Rivalry
Political Geography:
China, South Korea, Australia, Asia-Pacific, and United States of America

77. Software Power The Economic and Geopolitical Implications of Open Source Software

Author:
Alice Pannier
Publication Date:
12-2022
Content Type:
Special Report
Institution:
Institut français des relations internationales (IFRI)
Abstract:
Open source plays a central role in software development, both in parallel with proprietary software and increasingly intertwined with it. It has become a major factor for companies’ innovation processes and for the success and popularity of their products. For users, using open source software can alleviate risks stemming from proprietary solutions, including data privacy concerns or trade restrictions. Beyond that, open source is the foundation of critical software bricks and Internet languages and protocols. However, open source is a victim of its own success. It suffers of a lack of resources dedicated to the maintenance of open source components, even though vulnerabilities in open source code can have serious consequences, as illustrated by the Log4Shell vulnerability in December 2021. For these reasons, private companies are investing ever more money and human resources in the development and maintenance of open source software, and acquiring structuring roles in the governance of the ecosystem. This support, however, is not without risk for the open source ecosystem, which is increasingly shaped by the private interests of Big Tech companies. Meanwhile, governments are getting increasingly concerned with the cybersecurity implications of open source software, and with risks not only of accidental vulnerabilities, but also manipulation of codes by criminals and foreign agents. The interest of governments in open source is not new, but it is evolving: governments are no longer only seeking to adopt open source or to develop software solutions, but also to contribute to the financing or even the governance of open source ecosystems, at the national and/or global level. An analysis of the United States, Chinese and European cases show that government involvement in open source is not only pragmatic; it is increasingly politicized, and serves to uphold governments’ ambitions for national security, international influence, or digital sovereignty. The study highlights the dilemmas that emerge, for public authorities, from the tensions between the desire to secure universally used, critical open source components, the desire to develop “sovereign” technologies, and the risk of encroaching on the horizontal and decentralized functioning of open source.
Topic:
European Union, Cybersecurity, Geopolitics, Economy, Software, and Open Source
Political Geography:
China, Europe, and United States of America

78. 'Win Without Fighting': The Chinese Communist Party's Political and Institutional Warfare Against the West

Author:
John Lee and Lavina Lee
Publication Date:
05-2022
Content Type:
Special Report
Institution:
Hudson Institute
Abstract:
When compared to Western forms of diplomatic conversation and strategic discussion, phrases emanating from Beijing and the Chinese Communist Party (CCP) can appear peculiar, platitudinous, and so ambiguous as to be devoid of practical content. China’s paramount leader Xi Jinping speaks frequently about a ‘community of shared future,’ a ‘common destiny for mankind’ as part of his ‘China dream,’ or of his country’s ‘rejuvenation.’ He promises to pursue and achieve a ‘new type of great-power relations’ with the United States that will ‘expand the converging interests of all and build a big global family of harmony and cooperation.’ Yielding to the temptation to dismiss these phrases as glib and meaningless or as empty promises to the world would be a serious mistake. Emerging as the victorious side after the world was reshaped in the aftermath of the Second World War, and, more recently, the formal end of the Cold War, the United States and its allies have generally enjoyed dominance in all forms of power. The challenge and threat of China is largely understood in the context of its increase in material power, which is relatively easy to understand and quantify. In contrast, far less attention is being paid to non-material power, which is, admittedly, more nebulous and difficult to assess. However, China’s focus has been on relentlessly building its ‘comprehensive national power’ (CNP), that is, the sum-total of its powers and strengths—economic, military affair, science and technology, education, and resource—and influence. Thus, CNP encompasses both material and non-material power, and China’s buildup of both of these forms of power best explains its strategic and diplomatic successes. Chinese ‘rejuvenation’ is also not just about building GDP or having the world’s largest naval fleet. Rather, the CCP’s vision of a ‘community of shared future for mankind’ is very much about displacing the dominance enjoyed by the US and other advanced democracies in shaping global discourse and conversations, norms and standards, and influence within and through institutions. The advanced democracies have taken these less obvious forms of power for granted, a complacency that Beijing has exploited. As the CCP recognizes, “In the final analysis, the rise of a great power is a cultural phenomenon. It (that power) must be accepted by the international community. Be accommodated by the international system, rely on the international system, and be recognised by international norms.” To be sure, there is a rich and growing literature on the CCP’s various information, influence, and institutional resources and activities, and this report does not seek to reproduce the excellent work already in the public domain. Rather, it begins from the uncomfortable but growing realization that the CCP believes it has long been at war with the US and its allies, even though kinetic force has been used in only a few instances. It looks at why this war is being waged, what the hallmarks of success for Beijing look like, and how the use of non-material strategies in the form of political and institutional warfare complements and augments China’s better known material approaches in the CCP’s determined attempts to win this ongoing war or struggle. The report seeks to emphasize that, in understanding the challenge and threat of China, political and institutional warfare should not be treated as optional or interesting adjuncts to traditional notions of warfare or that their effects are peripheral to core strategic and even military objectives. On the contrary, non-material approaches are essential to the Chinese strategy and have real-world outcomes that are often the same ones that the use of force or economic coercion is intended to achieve. Just as the CCP views comprehensive power as encompassing material and non-material elements, its notion of waging and winning a war may or may not include a military element. We need to do the same when countering, deterring, and, if necessary, defeating Chinese strategies and actions. Moreover, the CCP’s approach is not just about putting its views forward in overt or veiled ways in the hope that it will change our minds about various issues. Instead, Beijing’s strategy is much more proactive and profound than that. The CCP’s political and institutional approaches are about fundamentally changing and shaping even the way we begin to think about or analyze an issue or what we perceive to be its ‘first principles.’ It is designed to shape the way we talk (or do not talk) about an issue, the presumptive and analytical frameworks we employ to do so, and the discourse regarding it that is accepted and deemed acceptable. At first glance, such a deeply cognitive approach might seem fanciful and impossible to implement. However, this report offers two recent case studies of instances where the CCP enjoyed considerable success in melding the material and the cognitive—with tangible and real-world results. This report then offers a summary of the real-world strategic effects and their impacts on the tactical decision-making of countries and their elites that should concern those in charge of our political, economic, military, and diplomatic policies and activities. In conclusion, it suggests some general responses to the CCP’s strategy, approach, and actions in these contexts.
Topic:
Foreign Policy, Politics, Economy, Institutions, Strategic Competition, and Chinese Communist Party (CCP)
Political Geography:
China, Asia, North America, and United States of America

79. Restarting the Post-Pandemic Indian Economy

Author:
Aparna Pande, Eric B. Brown, and Thomas J. Duesterberg
Publication Date:
07-2022
Content Type:
Special Report
Institution:
Hudson Institute
Abstract:
This report is a result of a Takshashila-Hudson Roundtable Series that brought together experts, policymakers, and academics from India and the United States in November and December 2021 to discuss opportunities for the two nation-states to collaborate in a fast-changing global order. This section summarizes key recommendations for policymakers based on deliberations at the Takshashila-Hudson roundtable series Restarting the Post-Pandemic Indian Economy. The recommendations are divided into four themes for India-US Collaboration: Trade, Investments, Technology, and Human Capital Movement.
Topic:
Science and Technology, Immigration, Economy, Investment, Human Capital, Trade, and Supply Chains
Political Geography:
South Asia, India, North America, and United States of America

80. Reboot: Framework for a New American Industrial Policy

Author:
Martijn Rasser, Megan Lamberth, Hannah Kelley, and Ryan Johnson
Publication Date:
05-2022
Content Type:
Special Report
Institution:
Center for a New American Security (CNAS)
Abstract:
This paper presents an initial framework for a new American industrial policy, a blueprint for what is needed to ensure the United States has the vision, goals, plans, and resources for an era of sustained strategic competition. The concept, informed by an overarching national technology strategy and a supply chain resilience strategy, is the initial contribution in a larger effort to provide policymakers with a comprehensive toolkit to navigate competition with China and engage with countries around the world, friend and foe alike.4 To provide tangible real-world examples of a new sensible American industrial policy and to illustrate how policies would vary by sector and over time, subsequent reports will detail what a new American industrial policy would look like in action for three key sectors: biotechnology, semiconductors, and green technologies.
Topic:
Economy, Green Technology, Strategic Competition, Industry, Biotechnology, and Semiconductors
Political Geography:
China, North America, and United States of America

81. Operationalizing the Quad

Author:
Lisa Curtis, Jacob Stokes, Joshua Fitt, and Andrew J. Adams
Publication Date:
06-2022
Content Type:
Special Report
Institution:
Center for a New American Security (CNAS)
Abstract:
This paper assesses Quad activities and the progress the group has made toward its stated objective of promoting a free and open Indo-Pacific. It also provides policy recommendations for strengthening Quad cooperation across the six identified priority areas (vaccines, critical and emerging technologies, climate change, infrastructure, space, and cybersecurity) as well as on trade and economics and security and defense.
Topic:
Security, Defense Policy, International Cooperation, Science and Technology, Economy, Trade, and Quad Alliance
Political Geography:
Japan, India, Australia, United States of America, and Indo-Pacific

82. Governing the Global Commons: Challenges and Opportunities for US-Japan Cooperation

Author:
Kristi Govella, John Bradford, Kyoko Hatakeyama, Saadia M. Pekkanen, Setsuko Aoki, James Lewis, and Motohiro Tsuchiya
Publication Date:
12-2022
Content Type:
Policy Brief
Institution:
German Marshall Fund of the United States (GMFUS)
Abstract:
The global commons—domains beyond the sovereign jurisdiction of any single state but to which all states have access—are essential to the stability and prosperity of the international order. In addition to the high seas, outer space, the atmosphere, and Antarctica, which are defined as global commons by international law, analysts have also suggested that other domains such as cyberspace may also qualify as potential commons. These domains provide essential public goods such as trade routes, transportation and communication networks, fish stocks, satellite imagery, global positioning, and e-commerce infrastructure that benefit countries around the world. To successfully manage the resources of the global commons and ensure open access to their spaces, effective governance structures must exist to accommodate and integrate the interests and responsibilities of state and non-state actors. Consequently, states have tried to come to agreements in each domain about how to enable broad access, avoid conflict, and enable cooperation. Over time, these discussions have resulted in the creation for each domain of a “regime,” a set of implicit or explicit principles, norms, rules, and decision-making procedures around which actors’ expectations converge (see Box 1). These regimes can take shape in the form of international law, national law, local regulations, private standards, and institutional bodies. They differ dramatically in maturity and complexity: the governance regime of the oceans has developed over the course of centuries, while the rules and norms of cyberspace have only had a few decades to coalesce. However, all these regimes attempt to solve similar dilemmas surrounding shared access and resources.
Topic:
Foreign Policy, Science and Technology, Democracy, Economy, Trade, and Defense Cooperation
Political Geography:
East Asia, Asia, United States of America, and Indo-Pacific

83. The Inflation Weapon: How American Sanctions Harm Iranian Households

Author:
Esfandyar Batmanghelidj
Publication Date:
01-2022
Content Type:
Special Report
Institution:
Fourth Freedom Forum
Abstract:
This study examines the humanitarian harms of U.S. sanctions on Iranian citizens by focusing on their principal economic impact—high rates of inflation. Although nonexperimental, the study draws upon various data to present a cohesive, if not comprehensive, narrative of the economic shocks that followed the imposition of U.S. sanctions in 2012 and 2018.
Topic:
Foreign Policy, Sanctions, Economy, and Inflation
Political Geography:
Iran, Middle East, North America, and United States of America

84. Global Supply Chain Pressures, International Trade, and Inflation

Author:
Julian di Giovanni, Şebnem Kalemli-Özcan, Alvaro Silva, and Muhammad A. Yildirim
Publication Date:
07-2022
Content Type:
Working Paper
Institution:
The John F. Kennedy School of Government at Harvard University
Abstract:
We study the impact of the Covid-19 pandemic on Euro Area inflation and how it compares to the experiences of other countries, such as the United States, over the two-year period 2020-21. Our model-based calibration exercises deliver four key results: 1) Compositional effects – the switch from services to goods consumption – are amplified through global input-output linkages, affecting both trade and inflation. 2) Inflation can be higher under sector-specific labor shortages relative to a scenario with no such supply shocks. 3) Foreign shocks and global supply chain bottlenecks played an outsized role relative to domestic aggregate demand shocks in explaining Euro Area inflation over 2020-21. 4) International trade did not respond to changes in GDP as strongly as it did during the 2008-09 crisis despite strong demand for goods. These lower trade elasticities in part reflect supply chain bottlenecks. These four results imply that policies aimed at stimulating aggregate demand would not have produced as high an inflation as the one observed in the data without the negative sectoral supply shocks.
Topic:
Economy, Inflation, COVID-19, and Supply Chains
Political Geography:
Europe and United States of America

85. The European Union renews its offensive against US technology firms

Author:
Gary Clyde Hufbauer and Megan Hogan
Publication Date:
02-2022
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
The European Union's proposed Digital Markets Act (DMA) contemplates extensive regulation of "gatekeeper" digital platforms—firms that perform a "core platform service" in the European Union (defined as online intermediation, online search, social networking, video sharing, electronic communication, cloud services, or online advertising), have a significant impact on the EU internal market, serve as an important gateway between business users and end-users, and enjoy an entrenched and durable position. Although at least one European firm could qualify as a gatekeeper, Hufbauer and Hogan say, the DMA discriminates against American technology firms by singling them out for the label of "gatekeepers." The European Commission’s proposed DMA targets both US tech giants such as Google, Amazon, Facebook, Apple, and Microsoft and smaller (albeit huge) US tech firms such as Airbnb and PayPal. The authors say the EU goal is to confer competitive advantage on European digital firms, breaching the EU commitment to national treatment of foreign firms, violating their intellectual property rights, and imposing high expenses on the "gatekeepers." At the same time, France is planning to enact its own steep barriers against US and other foreign cloud services.
Topic:
Markets, Science and Technology, European Union, Economy, and Digital Policy
Political Geography:
Europe and United States of America

86. The case for a cautiously optimistic outlook for US inflation

Author:
David Reifschneider and David Wilcox
Publication Date:
03-2022
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
The Federal Reserve and most other analysts failed to anticipate the surge in inflation in 2021. Considerable debate now surrounds the question of whether the Fed is too sanguine in anticipating that too-high inflation will mostly take care of itself over the next few years, even as the unemployment rate remains low and monetary policy remains accommodative. This Policy Brief concludes that although the Federal Open Market Committee (FOMC) was too optimistic in the projections it issued in December 2021, the broad contour of its baseline inflation outlook for 2022 and beyond remains sensible. The authors find the 2021 surge in inflation resulted mainly from COVID-19-related sectoral developments rather than the classic situation of aggregate demand outstripping the overall economy's long-run productive potential. The statistical analysis in this Policy Brief was conducted before Russia invaded Ukraine. As a result of the war, the inflation situation will probably get worse before it gets better, and could do so in dramatic manner if Russian energy exports are banned altogether. Nonetheless, if the key considerations identified in this Policy Brief remain in place, and if monetary policymakers respond to evolving circumstances in a sensible manner, the inflation picture should look considerably better in the next one to three years.
Topic:
Federal Reserve, Economy, and Inflation
Political Geography:
North America and United States of America

87. For inflation relief, the United States should look to trade liberalization

Author:
Gary Clyde Hufbauer, Megan Hogan, and Yilin Wang
Publication Date:
03-2022
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
With US inflation running at 40-year high rates, the Federal Reserve is signaling more interest rate hikes in 2022 and 2023. President Joseph R. Biden Jr. has also vowed to act against what he calls anticompetitive behavior by corporations. But policymakers are overlooking one set of actions that could make a meaningful contribution to taming inflation: trade liberalization. The data cited in this Policy Brief indicate that a feasible package of liberalization could deliver a one-time reduction in consumer price index (CPI) inflation of around 1.3 percentage points, amounting to $797 per US household, about half the size of pandemic relief in 2021. As a bonus, the embrace of trade liberalization would curb inflationary expectations taking hold in American firms now protected by trade barriers from foreign competition.
Topic:
Economy, Inflation, and Trade Liberalization
Political Geography:
North America and United States of America

88. Afghanistan: Where US-Iranian interests may yet intersect

Author:
Borzou Daragahi
Publication Date:
05-2022
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
A new issue brief, Afghanistan: Where US-Iranian Interests May Yet Intersect, authored by Atlantic Council senior fellow Borzou Daragahi delves into the Taliban takeover of Afghanistan and how the swift collapse of the US-backed government in Kabul last summer not only shocked the United States and its allies in the 20-year struggle in that country, but also Afghanistan’s influential neighbor, Iran. As refugees continue to stream into Iran, the government in Tehran has still not recognized the Taliban regime and remains worried about a further deterioration in Afghanistan’s economy and social cohesion, as well as the growing presence of Sunni Jihadi militants. As Iran-Afghan relations evolve, will US concerns about Afghanistan’s fragile state provide a basis for tacit cooperation between Washington and Tehran, similar to what existed when the Taliban was last in power?
Topic:
Government, Taliban, Geopolitics, Economy, and Strategic Interests
Political Geography:
Afghanistan, Iran, South Asia, and United States of America

89. Global Value Chains, Risk Perception, and Economic Statecraft

Author:
Phoebe Moon
Publication Date:
01-2022
Content Type:
Policy Brief
Institution:
University of California Institute on Global Conflict and Cooperation (IGCC)
Abstract:
Many countries, including the United States and China, have come to see economic statecraft as superior to armed conflict. Faced with a trading partner’s economic sanctions, some countries try to avoid risk by complying with or ignoring the coercer’s demands, but others retaliate and escalate conflict. In recent years, sanctions have been applied, not only to “rogue” states, but against trading partners. The United States and China, but also Japan, Australia, and Canada, were either the target or purveyor of economic coercion by or against trading partners in the last five years. However, not all resulted in trade wars. When, then, do economic sanctions lead to trade wars? This policy brief examines the ongoing Japan-South Korea trade dispute with a focus on how policymakers’ risk perceptions regarding global value chains (GVCs) can influence when trade wars take shape.
Topic:
Industrial Policy, National Security, Economy, Innovation, Global Value Chains, and Geoeconomics
Political Geography:
China, United States of America, and Indo-Pacific

90. The (Updated) Case for Free Trade

Author:
Scott Lincicome and Alfredo Carrillo Obregon
Publication Date:
04-2022
Content Type:
Policy Brief
Institution:
The Cato Institute
Abstract:
The long‐​standing bipartisan consensus in favor of free trade in the United States has unraveled as the nation’s commitment to the multilateral trading system is increasingly subordinated to inward‐​looking ideological priorities. Like all forms of market competition, trade can be disruptive for some companies and workers, and various trade agreements may require updating to address both an increasingly authoritarian China and the 21st‐​century global economy. Nevertheless, both the seen and unseen economic benefits that free trade has delivered to countless individuals, businesses, and communities in America are undeniable and irreplaceable. Furthermore, the lone alternative to free trade, protectionism, has repeatedly proven to impose high costs for minimal benefits. In short, the case for free trade is an economic no‐​brainer.
Topic:
Geopolitics, Economy, Free Trade, and Protectionism
Political Geography:
North America and United States of America

91. Opening Up Military Innovation: Effects of Bottom‐​Up Reforms to U.S. Defense Research

Author:
Sabrina Howell, Jason Rathje, John Van Reenen, and Jun Wong
Publication Date:
02-2022
Content Type:
Policy Brief
Institution:
The Cato Institute
Abstract:
The U.S. economy’s productivity growth has slowed down in recent decades. This slowdown appears due in part to declining innovation, especially among high‐​growth new firms, making the design of innovation incentives particularly important. One overlooked but crucial decision a government or private‐​sector research funder must consider is whether to take a centralized top‐​down approach, tightly specifying the desired innovation, or a more open bottom‐​up approach, giving more latitude to firms to define their research proposals. The bottom‐​up approach may be useful if the research funder is uncertain about what opportunities exist. We compare these two strategies by studying a major reform to the Small Business Innovation Research (SBIR) program at the U.S. Air Force.
Topic:
Reform, Economy, Research, Innovation, Defense Industry, and Military
Political Geography:
North America and United States of America

92. Revising down the rise of China

Author:
Roland Rajah and Alyssa Leng
Publication Date:
03-2022
Content Type:
Commentary and Analysis
Institution:
Lowy Institute for International Policy
Abstract:
China will likely experience a substantial long-term growth slowdown owing to demographic decline, the limits of capital-intensive growth, and a gradual deceleration in productivity growth. Even with continued broad policy success, our baseline projections suggest annual economic growth will slow to about 3% by 2030 and 2% by 2040, while averaging 2–3% overall from now until 2050. China would still become the world’s largest economy, but it would never enjoy a meaningful lead over the US and would remain far less prosperous and productive per person even by mid-century.
Topic:
Demographics, Economy, Economic Growth, and Strategic Competition
Political Geography:
China, Asia, and United States of America

93. Australian views on the Indo-Pacific Economic Framework

Author:
Huon Curtis, Samantha Hoffman, and Gatra Priyandita
Publication Date:
07-2022
Content Type:
Special Report
Institution:
Australian Strategic Policy Institute (ASPI)
Abstract:
Australian officials surveyed for this research view the Indo-Pacific Economic Framework (IPEF) as an opportunity to bring more investment into the Indo-Pacific region, shape standards setting, form collective solutions to supply-chain risks, and influence the direction of clean energy infrastructure. The IPEF is viewed as a potentially innovative way to boost regional investment rather than as a mechanism to strengthen the usual substance of trade agreements, such as market access into the US. While we note that the officials interviewed aren’t the ultimate decision-makers and that there’s a new government in Canberra with its own emerging priorities, this report offers insight into the potential opportunities for Australia to shape the framework.
Topic:
Defense Policy, National Security, Cybersecurity, and Economy
Political Geography:
Australia, Asia-Pacific, and United States of America

94. Resilient Industry Ecochains for the US-Taiwan Partnership

Author:
Stephen Su
Publication Date:
07-2022
Content Type:
Special Report
Institution:
East-West Center
Abstract:
Stephen Su, Senior Vice President and General Director of the Industrial Technology Research Institute (ITRI) of Taiwan, explains that the "United States and Taiwan can work closely together to develop resilient industry ecochains for key industries such as semiconductors, telecommunications, automotive, biotech, machinery, etc."
Topic:
Partnerships, Economy, Industry, Resilience, COVID-19, and Supply Chains
Political Geography:
China, Taiwan, Asia, North America, and United States of America

95. A New Horizon for Korea-US Economic Relations under the Yoon Suk-yeol Administration

Author:
Jin Kyo Suh
Publication Date:
07-2022
Content Type:
Special Report
Institution:
East-West Center
Abstract:
Dr. Jin Kyo Suh, Senior Research Fellow at the Korea Institute for International Economic Policy, explains that "Korea-US relations are entering a new era with the inauguration of the Yoon Seok-yeol government.." as "President Yoon Seok-yeol himself is well aware of the importance of universal values, such as freedom, democracy and human rights."
Topic:
Foreign Policy, Bilateral Relations, and Economy
Political Geography:
Asia, South Korea, North America, and United States of America

96. Memo on an "Economic Article 5" to Counter Authoritarian Coercion

Author:
Ivo H. Daalder and Anders Fogh Rasmussen
Publication Date:
06-2022
Content Type:
Policy Brief
Institution:
Chicago Council on Global Affairs
Abstract:
The world's democracies need a way to fight back against coercive economic actions by authoritarian governments, argue Ivo Daalder and Anders Fogh Rasmussen. Increasingly, authoritarian countries are using economic coercion against democracies. In recent years, China’s economic coercion of Lithuania and Australia stands out as a prominent example. Russia uses economic levers to achieve geopolitical aims, notably by weaponizing its natural resources. The aim of such coercion is to bend the will of democratic countries. This is a test for the free world. In response, we propose an Economic Article 5 among democracies to counter authoritarian coercion.
Topic:
Foreign Policy, Authoritarianism, Economy, Business, and Trade
Political Geography:
Russia, China, Asia, North America, and United States of America

97. Retail Politics in Trinidad and Tobago

Author:
Jonathan B. Rickert
Publication Date:
11-2022
Content Type:
Journal Article
Journal:
American Diplomacy
Institution:
American Diplomacy
Abstract:
Trinidad and Tobago when I served at Embassy Port of Spain (1977-1980) was a pleasant Caribbean backwater. U.S. interests were minimal—major American companies there, Amoco and Texaco, were well able to look after their own interests. Forty years later, the economy remains heavily dependent on the energy sector. Map of Trinidad & TobagoThe Consular Section, with six officers, was by far the embassy’s largest and busiest. I handled the political reporting on the opposition parties and contacts with the local trade unions, while a colleague was responsible for economic/commercial matters. The Ambassador and Deputy Chief of Mission dealt with the higher levels of the Government of Trinidad and Tobago (GOTT), but in fact their interactions were fairly limited.
Topic:
Foreign Policy, Diplomacy, Economy, and Memoir
Political Geography:
Caribbean, Trinidad and Tobago, and United States of America

98. Sanctions Run Amok – The Undermining of U.S. Power

Author:
Keith A. Preble
Publication Date:
12-2022
Content Type:
Journal Article
Journal:
Fletcher Security Review
Institution:
The Fletcher School, Tufts University
Abstract:
Well into its second year, the Biden administration has continued to grapple with persistent foreign policy challenges while new ones have emerged: North Korea has not curtailed its weapons of mass destruction (WMD) programs; negotiations with Iran on resuscitating the Joint Comprehensive Plan of Action (JCPOA) remain stalled; and a Russian troop buildup near Ukraine may signal a potential invasion and full-scale conflict. In confronting these and other challenges, the United States continues to use economic sanctions as a mean of punishing, signaling, and coercing rivals into changing their foreign policy behaviors. As a tool of American economic power, policymakers often see sanctions as “Goldilocks” instruments that are “just right,” albeit ones that require time and patience to facilitate policy change.
Topic:
Security, Foreign Policy, Sanctions, and Economy
Political Geography:
Russia, Iran, North Korea, North America, and United States of America

99. The Tenacity of Young Iranians in the Protest Movement

Author:
Haleh Esfandiari
Publication Date:
11-2022
Content Type:
Special Report
Institution:
The Washington Institute for Near East Policy
Abstract:
Despite the regime's crackdown, Iranian protestors are showing unprecedented resilience and unity in their demands, making the international community's next steps even more crucial. Once again, Iranians have come out into the streets to protest against their government, its policies, and its leaders. Once again they face a regime that has proved itself tone-deaf to widespread public discontent—responding instead with brutality, arrests, mass trials, and executions. But this recent wave of protests has proved different. The regime is being confronted by its own children—a generation of young women and men who seek not just reform, not just an easing of controls, but a regime change. The protest movement was triggered when 22-year old Mahsa Amini died while in police custody, beaten to death by the morality police on September 16 because the form of her hijab was not to their liking. Protests quickly erupted immediately after her death, and they are now in their third month.
Topic:
Foreign Policy, Reform, Democracy, Economy, Youth, and Protests
Political Geography:
Iran, Middle East, and United States of America

100. What Do We Really Know about Productivity Differentials across Countries?

Author:
Jayati Ghosh
Publication Date:
04-2022
Content Type:
Working Paper
Institution:
Political Economy Research Institute (PERI), University of Massachusetts Amherst
Abstract:
This paper examines and critiques the most widely used measure of productivity (output per worker employed) and argues that this is a flawed, inadequate and even misleading measure of economic progress. In terms of cross-country comparisons and assessing trends over time, both the numerator (GDP or value added) and the denominator (number of workers or hours worked) have significant conceptual and measurement problems. These issues are considered in general, and also with regard to how they affect analyses of productivity differentials in the U.S. and India in the recent period.
Topic:
Political Economy, GDP, Employment, Economy, and Productivity
Political Geography:
South Asia, India, North America, and United States of America