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April 1, 2024

Brazil
Brazil Should Use G20 Momentum to Join the OECD

Brazil has an opportunity to become a powerful bridge between developed economies and the Global South—the United States should support that ambition. 

U.S. President Joe Biden, Indian Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva hold hands as they attend the launch of the Global Biofuels Alliance at the G20 summit in New Delhi, India, September 9, 2023.

May 2, 2024

Turkey
Erdogan’s Crisis of Legitimacy and Its Consequences

Despite the destabilizing effects of his economic and foreign policies, as well as a major election loss, President Erdogan shows no sign of interest in course correction.

Supporters of Turkish President Recep Tayyip Erdogan listen to his speech during a rally ahead of local elections in Istanbul, Turkey, in March 2024.

September 8, 2023

G20 (Group of Twenty)
Leaders at the G20 Summit Will Struggle to Reach Consensus

Despite lingering divisions over Russia’s invasion of Ukraine, the summit still serves a valuable purpose, and could play a potentially useful role for the United States and India, this year’s host.

A guard in military fatigues stands next to an embroidered G20 hoarding.

January 22, 2024

Trade
The Curse of Nostalgia: Industrial Policy in the United States

A critical look at the past and present of industrial policy shows that its recent popularity is not only misguided, but is likely to have negative economic and geopolitical consequences for the Unit…

President Joe Biden signs the Inflation Reduction Act in the State Dining Room of the White House in Washington on August 16, 2022.

February 9, 2024

Global
Central Bank Currency Swaps Tracker

Introduction Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a centr…

May 2, 2024

RealEcon
Geopolitics in the Indo-Pacific: An ADB Perspective

As part of the CFR RealEcon Roundtable Series, Scott Morris, vice president of the Asian Development Bank (ADB), explained how the ADB supports countries in the Indo-Pacific region amid shifting geop…

Scott Morris speaks at a CFR roundtable event.

April 24, 2024

RealEcon
A Tricky Balance for Development Banks and the Developing World

The World Bank and IMF have concluded their spring meetings, but questions remain on China, lending capacity, and balancing the interests of rich and poor countries.

 President and CEO at Mastercard Ajay Banga (L) and CEO at the World Bank Kristalina Georgieva speak on stage at the 8th Annual Women In The World Summit at Lincoln Center for the Performing Arts on April 7, 2017 in New York City.

April 1, 2024

China
On Fentanyl, Biden Should Look to Work With China

The fentanyl epidemic is a major election issue. The U.S. could leverage trade policy with China to crack down on its export. 

Members of the Sinaloa Cartel prepare capsules with methamphetamine in a safe house in Culiacan, Mexico, April 4, 2022.

May 2, 2024

Ukraine
Is U.S. Aid to Ukraine Too Little, Too Late?

U.S. aid is critical not just for Ukraine, but for U.S. credibility in Russia and beyond.

Ukrainian service members fire a L119 howitzer towards Russian troops, amid Russia's attack on Ukraine, in Donetsk region, Ukraine April 21, 2024.

April 15, 2024

Iran
Iran’s Regional Armed Network

Iran’s web of armed partners such as Hezbollah and the Houthis serves to strengthen its influence in the Middle East and could pose a significant threat to the United States and U.S. allies in the re…

Militants in Beirut, Lebanon, stand at attention during the funeral of a Hezbollah member killed during border clashes with Israel