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April 9, 2014

Egypt
Egypt's Solvency Crisis

Introduction Egypt is experiencing a deep economic crisis. The country's foreign currency reserves are less than half of what they were before the January 2011 uprising, threatening Egypt's abilit…

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September 6, 2012

Venezuela
Political Unrest in Venezuela

In March 2015, the author wrote an update to this memo to reflect recent developments in Venezuela. Read the update. Introduction In the coming months, Venezuela could experience significant po…

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February 15, 2018

Venezuela
A Venezuelan Refugee Crisis

In addition to a sharp economic downturn, Venezuela faces a humanitarian crisis. The United States can do little to prevent a downward spiral, but it should take measures to mitigate the political, economic, and humanitarian consequences of a potential mass emigration.

Colombian police officers stand in front of people lining up to try to cross into Colombia from Venezuela through   Simon Bolivar International Bridge in Cucuta, Colombia, on January 24, 2018.

June 20, 2016

Afghanistan
Strategic Reversal in Afghanistan

Introduction Since 2001, the United States and its international partners have expended substantial resources to secure, stabilize, and rebuild Afghanistan. Recent developments, however, indicate …

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May 14, 2015

Cybersecurity
Strategic Risks of Ambiguity in Cyberspace

Introduction As major powers increasingly rely on digital networks for critical services, the number of plausible network attacks, accidents, or failures that could trigger or exacerbate an intern…

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