International Economic Relations

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Increased international trade, and the lowering of barriers to such trade, frequently results in improved international relations, but it can also lead to trade wars and tariff disputes. RAND research explores bilateral and multilateral economic relations; describes how they affect global alliances, globalization, and the economic health of nations; and recommends methods to develop, encourage, and maintain these relations among diverse nations and cultures.

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    Commentary

    The Upside of Lower Oil Prices

    Oct 17, 2014

    Movement toward sharply lower oil prices should be a prominent component of any strategy directed at disabling many of the world's most disruptive threats: Iran's nuclear development, ISIS, Hamas attacks on Israel, and Russia's threat to Ukraine.

Explore International Economic Relations

  • An Iraqi soldier rides in an armoured vehicle in Salahuddin province, Iraq, March 4, 2015, where Islamic State militants set fire to oil wells in the Ajil field east of the city of Tikrit to try to hinder aerial attacks aimed at driving them from the oilfield

    Commentary

    Oil Bonanza: Good News for the World

    World oil prices have fallen by more than 40 percent since June 2014 and over the next several years prices are more likely to fall than to rise. The global economy will benefit hugely from this shift, and it's possible that global security will also benefit from lower oil prices.

    Mar 31, 2015

  • U.S. Energy Secretary Ernest Moniz, U.S. Secretary of State John Kerry, Iran's Foreign Minister Mohammad Javad Zarif, and the head of the Atomic Energy Organization of Iran Ali Akbar Salehi before resuming talks over Iran's nuclear program in Lausanne, March 16, 2015

    Commentary

    Don't Scare Off Investors from Iran

    Non-American corporations must decide whether the benefits of pursuing business opportunities in Iran outweigh the risks, and they will likely stay away as long as Congress keeps debating the imposition of new sanctions. Their reluctance to invest could prevent Iran from seeing the economic benefits of a nuclear deal.

    Mar 27, 2015

  • A man walking in the financial district of Pudong in downtown Shanghai

    Commentary

    The U.S.-China Crossover

    According to the IMF, the U.S. and Chinese GDPs in 2015 are $18.4 trillion and $11.1 trillion, respectively. Current and impending conditions in both economies suggest that the estimates of when China will surpass the U.S. are likely premature, and by a substantial margin.

    Mar 20, 2015

  • An AV-8B Harrier jet aircraft prepares to land aboard the USS Essex in the Philippine Sea

    Commentary

    China and America's Coming Battle for Southeast Asia

    Although China and the United States are both in a position to influence the process of ASEAN integration, ultimately it will be up to the Association itself to cement internal cohesion, achieve centrality, and thereby remain a relevant player in the emerging Asian order.

    Mar 17, 2015

  • Report

    Emerging Trends in China's Development of Unmanned Systems

    RAND's exploratory analysis of China's development and use of unmanned systems focuses on maritime unmanned systems, the roles China sees for them, Chinese development of unmanned vehicles, and uses for such systems in the East and South China Seas.

    Mar 12, 2015

  • After a year of political upheaval and a war in the East, Ukrainians are facing poverty, with prices rising sharply, the currency crumbling, and a nearly bankrupt state

    Commentary

    For Ukraine, the Battle to Bolster a Crashing Economy Is as Dire as Combat in the East

    Ukraine's struggle to keep afloat economically has been daunting, as its parliament has fallen into disarray and failed to enact major economic reforms. Ukrainian lawmakers could help by dealing better with the national budget but their recent deliberations inspired little public confidence.

    Mar 9, 2015

  • Russia's President Vladimir Putin and his Belarusian counterpart Alexander Lukashenko (2nd L) attend a signing ceremony during a session of the Supreme State Council of the Union State at the Kremlin in Moscow, March 3, 2015

    Commentary

    Europe Must Spend More on Arms to Deter Putin

    Demonstrations in Greece and elsewhere suggest that the European public may have little sympathy for governments not devoting most efforts to domestic discontent and foreign indebtedness. But the longtime downward trends in European defense spending matter now that Russia has chosen to flex its military might, diminished though it may be.

    Mar 3, 2015

  • Army and police officers loyal to the Iran-backed Houthi movement shout slogans as they take part in a demonstration to show support in Sanaa, January 23, 2015

    Commentary

    Relax, Iran Is Not Taking Over the Middle East

    Nuclear negotiations should not be held hostage to all of the things Iran may be doing right or wrong. The conflicts in the Middle East are much more complex than “Iran on the march” theories would have us believe.

    Feb 11, 2015

  • U.S. President Barack Obama delivers his State of the Union address to a joint session of Congress in Washington, January 20, 2015

    Commentary

    The Pros and Cons of Obama's Restraint

    The signal achievement of the Obama foreign policy — fully on display in the new National Security Strategy — has been to avoid further missteps and lay the groundwork for progress by husbanding U.S. power, restoring the economic foundations of influence, and repairing the U.S. global image.

    Feb 6, 2015

  • U.S. Senate Minority Leader Mitch McConnell welcomes newly elected Republican senators, November 12, 2014

    Report

    The Days After a Deal with Iran: Congress's Role in Implementing a Nuclear Agreement

    The president has extensive authority under the law to provide sanctions relief to Iran as part of a comprehensive nuclear agreement. Nevertheless, Congress can take a range of steps to facilitate, hinder, or even block the executive branch's efforts.

    Feb 2, 2015

  • President Barack Obama, left, and Japan's Prime Minister Shinzo Abe, right, during their bilateral meeting at the G20 Summit in St. Petersburg, Russia, Sept. 5, 2013

    Multimedia

    U.S.–Japan Alliance Conference Series Proceedings

    In a series of conferences, U.S. and Japanese experts explored the challenges for the U.S.-Japan alliance associated with China's military modernization drive and increasing foreign policy assertiveness.

    Jan 21, 2015

  • Russian President Vladimir Putin exchanges documents with his Kazakh counterpart Nursultan Nazarbayev during a meeting at the Kremlin in Moscow, December 22, 2014

    Commentary

    Can Eurasian Energy Compete?

    Cheaper oil, government interference and market dynamics jeopardize the future of Russian and Caspian energy. To be globally competitive, the big four Eurasian producers — Azerbaijan, Kazakhstan, Russia and Turkmenistan — should let the private sector play a greater role and make more decisions on commercial, rather than political grounds.

    Jan 16, 2015

  • Russian President Vladimir Putin during his annual end-of-year news conference in Moscow, December 18, 2014

    Commentary

    How Russia Can Recover from Its Economic and Strategic Decline

    Few expect that Moscow will cede Crimea or end its opposition to NATO expansion anytime soon. But Russia can still begin to reverse its strategic decline. Expanding opportunities for Russia's people, reforming the economy, and improving relations with neighbors are the way forward.

    Dec 24, 2014

  • Members of the the Group of the Greens/European Free Alliance hold posters during a voting session on the Anti-Counterfeiting Trade Agreement (ACTA) at the European Parliament in Strasbourg, July 4, 2012

    Commentary

    ACTA Revisited? TTIP and Data Privacy

    The EU has embarked on negotiations with the U.S. on the TTIP, which shares some of ACTA's goals. This time, though, the European Commission is seeking to make the talks more transparent by publishing a series of position papers on key issues very early on in the process. This is a step in the right direction toward an agreement that will have economic benefits for a net-exporting region of intellectual property such as the EU.

    Nov 26, 2014

  • Dayan Candappa, Carlos Slim Helu, and Saad Mohseni at RAND's Politics Aside 2014

    Blog

    The Risks and Rewards of Emerging Markets

    Emerging markets may offer challenges ranging from corruption to the threat of violence, but the rewards can be worth the risks, experts said during a panel discussion at RAND's Politics Aside event. Reuters Americas Editor Dayan Candappa moderated the panel which included Carlos Slim Helú, a businessman, investor, and philanthropist, and Saad Mohseni, CEO of MOBY Group.

    Nov 16, 2014

  • Scales, money, magnifying glass, and books

    Report

    Tool Created to Help Multinational Companies Assess Risk of Bribery When Doing Business in Foreign Countries

    Corruption can hinder global business investment — particularly in emerging markets — but multinational companies often have difficulty assessing the business bribery risk in other countries. A new tool, called the TRACE Matrix, can help.

    Nov 11, 2014

  • Multinational corporation deal handshake

    News Release

    Tool Created to Help Multinational Companies Assess Risk of Bribery When Doing Business in Foreign Countries

    Corruption can hinder global business investment -- particularly in emerging markets -- but multinational companies often have difficulty assessing the business bribery risk in other countries. A new tool, called the TRACE Matrix, can help.

    Nov 11, 2014

  • A European flag superimposed over euro banknotes

    Commentary

    The Not-So-Full-Monti: Will More 'Europe' Lead to More Trade in the Internal Market?

    Even though the internal market for goods is at a relatively advanced stage, there remains an untapped potential in the longer term. Barriers and regulatory obstacles continue to hinder the free movement of goods in the EU.

    Oct 28, 2014

  • A hand with a calculator against various European bills

    Report

    Lack of Complete European Integration Costs Countries, EU

    The removal of existing barriers to foreign direct direct investment and non-tariff trade barriers within the European Union could boost total intra-EU merchandise exports up to 7 per cent in the long-term. These effects would vary by Member State, and by sector of the internal market.

    Oct 21, 2014

  • Oil barrels under a clear, blue sky

    Commentary

    The Upside of Lower Oil Prices

    Movement toward sharply lower oil prices should be a prominent component of any strategy directed at disabling many of the world's most disruptive threats: Iran's nuclear development, ISIS, Hamas attacks on Israel, and Russia's threat to Ukraine.

    Oct 17, 2014

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