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.

  • Investors watch stock information at a brokerage house in Hangzhou, Zhejiang province, August 25, 2015, photo by Stringer/Reuters

    Commentary

    China's Currency

    Sep 28, 2015

    Much of the worry in the United States and elsewhere about China's currency “manipulation” is overblown because a less restricted yuan would more likely be overvalued than undervalued, thereby adversely affecting Chinese trade and exports.

  • A money changer displays U.S. and Iranian banknotes at the Grand Bazaar in central Tehran, October 7, 2015, photo by Raheb Homavandi/Reuters/TIMA

    Commentary

    Unlocking Iran's Economy

    Nov 2, 2015

    While Rouhani and his team want Iran's gradual opening, reactionary forces aligned with Supreme Leader Ayatollah Ali Khamenei, much of the security establishment, and the clergy are likely to stand guard against “anti-revolutionary” tendencies and policies.

Explore International Economic Relations

  • Japanese Foreign Minister Fumio Kishida and China's Foreign Minister Wang Yi meet at Diaoyutai State Guesthouse, in Beijing, China, April 30, 2016

    Commentary

    Do Economic Ties Limit the Prospect of Conflict?

    China has grown stronger economically and militarily over the past 35 years and has become more assertive. Its trade and investment links with Japan are substantial but they have been declining, and are less of a constraint on conflict than before.

    Aug 9, 2016

  • U.S. Capitol Building, Washington, D.C.

    Blog

    A Summer Reading List for Congress

    To help Hill staffers make the most of the Congressional recess, RAND has developed a list of must-read research and commentaries that will help ensure policymakers will return ready to hit the ground running.

    Aug 2, 2016

  • Russian President Vladimir Putin arrives for a personal send-off for members of the Russian Olympic team at the Kremlin in Moscow, Russia, July 27, 2016

    Commentary

    How to Counter Putin's Subversive War on the West

    Russian cybercrime, Olympics doping, and other active measures have one thing in common: Moscow admits no wrongdoing. These scandals exacerbate the frigid relations between Moscow and the West. Diplomacy sometimes works slowly, but it helps.

    Aug 1, 2016

  • News Release

    Cooperation Among the Arab Gulf States Is Key to U.S. Interests and Regional Stability, Despite Friction

    The increased influence of Arab Gulf states in regional affairs such as the fighting in Syria and the Saudi-led military campaign in Yemen has raised the stakes for relations between the six nations and poses significant consequences for stability.

    Jul 28, 2016

  • Secretary-General of the Gulf Cooperation Council (GCC) and interior ministers from Oman, Kuwait, Saudi Arabia, Qatar, United Arab Emirates, and Bahrain before their meeting in Riyadh, Saudi Arabia, April 27, 2016

    Report

    The Outlook for Arab Gulf Cooperation

    Understanding what binds and divides the six Gulf Cooperation Council states can help policymakers prepare for future trends in a region with high stakes for U.S. strategic interests.

    Jul 26, 2016

  • RAND senior economist Howard Shatz discussing his report, U.S. International Economic Strategy in a Turbulent World, at the National Press Club in Washington, D.C., June 21, 2016

    Blog

    Froman and Shatz Discuss U.S. Trade Policies, Brexit Implications

    Days before British citizens voted to exit the EU, RAND experts and U.S. Trade Representative Michael Froman gathered to discuss U.S. international economic policies that can expand strategic options, as well as the potential implications of Brexit.

    Jul 13, 2016

  • A British flag flutters in front of a window in London, Britain, June 24, 2016 after Britain voted to leave the European Union in the EU BREXIT referendum.

    Commentary

    Grasping the Brexit Moment for Free Trade

    The United Kingdom's surprising vote to exit the EU turned another tricky day into a possible social crisis. But where there is crisis, there is also opportunity, and the vote presents an opening for another step forward of global trade and investment liberalization.

    Jul 1, 2016

  • Journal Article

    How China Sees America: The Sum of Beijing's Fears

    China has become one of a small number of countries that have significant national interests in every part of the world and that command the attention of every other country and every international organization, and is the only country widely seen as a possible threat to U.S. predominance.

    Jun 28, 2016

  • The aircraft carrier USS John C. Stennis approaches the fast combat support ship USNS Rainier during a replenishment at sea in the South China Sea, March 4, 2016

    Commentary

    South China Sea Spat a Symptom of U.S.-China Jockeying for Advantage

    A spate of high-profile diplomatic feuds and military actions related to the South China Sea has raised concern about the direction of U.S.-China relations. Neither country is well positioned politically or economically to engage in a long-term, antagonistic relationship, let alone a major conflict.

    Jun 27, 2016

  • A drilling rig at the Imilorskoye oil field, outside the West Siberian city of Kogalym, Russia, January 25, 2016

    Report

    Prospects for Russia's Economic Growth

    Without major policy changes, the Russian economy will grow slowly in the medium term, even if world market prices for oil rebound sharply. However, returning to policies that Russia has pursued in the recent past could lead to substantially higher rates of growth.

    Jun 22, 2016

  • News Release

    Strong Global Economic Engagement Is Essential to Maintaining U.S. Prosperity and Leadership Abroad

    The United States stands to gain more from both strengthening global institutions and rules, such as those governing trade, direct investment, and development assistance, as well as engaging with the world's rising powers than from pulling back.

    Jun 21, 2016

  • 20160621-RAND-USTR

    Multimedia

    U.S. International Economic Policies That Can Expand Strategic Options

    In a fast-changing world, should the United States strengthen its links with the international economy or pull back? RAND Senior Economist Howard Shatz and Ambassador Michael Froman explore this question at the book launch for the latest volume in RAND's Strategic Rethink series. Ambassador Charles Ries moderates the discussion.

    Jun 21, 2016

  • Currency exchange rates are displayed on a digital LED screen

    Report

    U.S. International Economic Strategy in a Turbulent World

    The United States stands to gain more from strengthening global institutions and engaging with the world's growing economic powers than from pulling back.

    Jun 21, 2016

  • A blue map of the United States overlaying skyscrapers

    Research Brief

    Charting the U.S. Role in the World Economy

    The strength of America's economy supports the country's international power. That makes the next administration's economic choices among its most crucial.

    Jun 21, 2016

  • A man is seen next to signs of Chinese yuan and U.S. dollar at a foreign exchange store in Shanghai, January 8, 2016

    Commentary

    China's Yuan as a Reserve Currency: Boon or Bane for the Dollar?

    Establishing a system in which two reserve currencies compete with each other to affect global decisions about reserve holdings may lead to greater financial stability than the present dollar-dominated system.

    Jun 3, 2016

  • Events @ RAND Audio Podcast

    Multimedia

    A Conversation with His Excellency Yousef Al Otaiba, Ambassador of the United Arab Emirates to the United States

    In this Events @ RAND podcast, Ambassador Al Otaiba describes his vision for a stable, tolerant, and prosperous Middle East.

    Jun 1, 2016

  • The Ukrainian national guard Azov regiment and activists of the Azov civil corp protest local elections in pro-Russian rebel-held areas of eastern Ukraine under the Minsk peace agreement, May 20, 2016

    Commentary

    Russia's Great Power Choice

    The Donbas occupation is straining Russia's economy, world power status, and relationship with the West. Only by pulling out of eastern Ukraine and reforming its economy can Russia gain broader acceptance and reach its potential as a great power.

    Jun 1, 2016

  • International flags

    Commentary

    Will the New President Risk the Stability of the World?

    America's next leader will confront one of the most profound tasks of any post-war U.S. president: reimagining a threatened international order. Mishandled, the challenge could throw world politics into a tailspin. Done right, it could help keep the peace for another half-century.

    Jun 1, 2016

  • Icebreaker Yamal during removal of manned drifting station North Pole-36, August 2009

    Commentary

    Friends if We Must: Russia and China in the Arctic

    Russia's rebalancing toward China is particularly important in the Arctic, a region in which Russia has great ambitions, but also struggles with major vulnerabilities. Russia needs China as an investor, as a technological partner, and as a key consumer of energy to support its flagging, energy-dependent economy.

    May 6, 2016

  • U.S. Treasury Building in Washington, D.C.

    Commentary

    Time for Washington to Amp Up the Power to Coerce

    The U.S. government should start preparing systematically for the use of coercion as it does for military warfare, including analyzing options, assessing requirements and capabilities, conducting war games to refine these capabilities, and planning with allies.

    Mar 22, 2016

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