Each week between now and the Iowa caucuses, I’m talking with two experts with differing views on how the United States should handle a foreign policy challenge it faces. These special episodes are part of CFR’s Election 2020 activities, which are made possible in part by a grant from the Carnegie Corporation of New York.
While multilateral efforts to establish standards governing emerging technologies have attracted publicity, the reality is that countries continue to pursue their own technological initiatives globally. The United States, European Union (EU), Japan, and China are doing so according to their own competitive advantages. Other countries need to observe these trends closely to understand the forces shaping global technology governance.
Most grandiose explanations for the United States' persistent surplus in the income balance of the U.S. current account miss the mark. The U.S. debt position tracks the sum of past current account deficits, and the interest rate on that debt tracks the U.S. Treasury rate. The surplus in the income line all comes from the excess income U.S. firms report earning in a few corporate tax havens.
Panelists discuss the political stalemate in Venezuela, the spillover effects of the humanitarian crisis, and the scenarios and policy options the United States should consider as the regime of Nicolás Maduro continues to threaten regional security.