If confirmed as secretary of state, Rex Tillerson will face a broad array of challenges. One may be to lend the administration consistency, while closing at least some of the deals that President-elect Trump has promised.
Despite the good intentions, pressuring companies like Carrier to keep jobs in the U.S. addresses only the smaller part of the problem, globalization, not the larger one, technological change. A long term solution would be to upgrade the education and training system so that students graduate with skills for life-long learning.
Like most countries that have experienced rapid development, China is struggling to transition from a highly successful but unsustainable economic model. Beijing faces the additional challenge of executing difficult reforms in the face of an inhospitable global economy.
There are many ways to legalize marijuana supply besides the for-profit approach. But to learn what effects various models have, the federal government will have to make it easier for states to implement some middle-ground options.
Increases in the UK national minimum wages have not had adverse effects on employment overall. But it's important that the new national living wage and minimum wage aren’t increased to a point that is unsustainable for businesses.
Making America competitive in a transitioning market will require examination of future labor market requirements. Workforce development programs that target building labor capacity for a new economy will be essential.
While more needs to be done for those who once worked in industries such as furniture manufacturing, where essentially all activity has moved to lower-cost nations, the U.S. is starting to see an increase in manufacturing activity because of new types of technological advances.
RAND Europe is supporting the Brazilian Logistics Investment Programme by delivering a roadmap to the Brazilian Ministries of Planning and Finance in logistics infrastructure investments. The purpose is to assess the current regulatory framework and encourage reform to enable greater participation of private investment.
The Trump health care proposal would decrease the number of insured and increase consumer health spending among those with marketplace insurance relative to current law. The policies would also increase the federal deficit by varying amounts.
The Clinton health care proposal would increase the number of insured individuals and decrease consumers' health spending relative to current law. However, the policies with the largest coverage gains also increase the federal deficit the most.
The U.S. pivot to the Indo-Pacific has improved U.S. popularity and influence, and positioned it for gains in regional economic, diplomatic, and military cooperation. The incoming administration would be wise to embrace these gains and build on them to preserve and further develop U.S. interests and influence in the region.
The next U.S. president will have many willing partners and an opportunity to expand the global system of security and economic institutions in a way that will help the United States and the world for decades.