International Economy

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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

  • 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

  • U.S. President Barack Obama delivers a statement on Iran at the White House, January 17, 2016

    Commentary

    The Iran Deal Is Working: What Now?

    U.S. policy will likely continue to balance the tensions between containing and deterring Iran with regional allies, while testing areas where engagement with Iran might either be unavoidable (as in Syria) or desirable (such as in counternarcotics cooperation or efforts to stabilize Afghanistan).

    Mar 9, 2016

  • Iranian President Hassan Rouhani attend a news conference with Swiss President Johann Schneider-Ammann in Tehran, February 27, 2016

    Blog

    After the Iran Nuclear Deal: Challenges and Opportunities

    A series of panel discussions at RAND today drew a range of opinions on the Iran nuclear deal and its aftermath, but also general agreement that despite some improvement, the agreement has not halted Iran's provocative behavior in the region.

    Mar 3, 2016

  • Chess pieces on a board

    Report

    Countering Adversaries Without Going to War

    How can the United States coerce unfriendly states without going to war? The three potentially most cost-effective options are financial sanctions, support for nonviolent political opposition, and offensive cyber operations.

    Mar 3, 2016

  • Pump jacks are seen at the Lukoil company owned Imilorskoye oil field, as the sun sets, outside the West Siberian city of Kogalym, Russia, January 25, 2016

    Commentary

    Low Oil Prices: Good for U.S. Security, Troublesome for the Economy

    Will oil prices remain low? And how can the balance between cheap oil's positive effects on U.S. security and its negative effects on the economy be assessed?

    Feb 26, 2016

  • Iranian women take part in a reformist campaign for the upcoming parliamentary elections in Tehran February 20, 2016

    Commentary

    New Era with Iran? Not So Fast

    On the whole, ties between the United States and Iran are improving, but to think that a new era in Iran or in U.S.-Iran relations has arrived is a stretch. The U.S. has achieved an important diplomatic breakthrough with Iran, but it still faces the same regime it has since 1979.

    Feb 23, 2016

  • Crossing into Romania from Bulgaria on the Danube Bridge

    Commentary

    Why the EU Single Market Is Still an Incomplete Jigsaw

    The Single Market has contributed to economic growth and consumer welfare within the European Union. However, its true potential remains unfulfilled, with gaps in several key areas.

    Feb 16, 2016

  • Members of the Group of 20 during the G20 leaders summit in Antalya, Turkey, November 15, 2015

    Commentary

    Foreign Policy Challenges on the Campaign Trail

    Foreign and security policy will play a significant role in the run-up to the U.S. presidential election. The campaign offers voters a wide spectrum of responses to the challenges of militant Islamism, ties with China and Russia, dealings with rogue states such as North Korea, and free trade.

    Feb 4, 2016

  • U.S. Secretary of State John Kerry delivers a statement that sanctions will be lifted on Iran after the IAEA verified that Iran has met all conditions under the nuclear deal, January 16, 2016

    Commentary

    Iran, Terrorism, and Nonproliferation After the Nuclear Deal

    As Iran re-enters global markets, the Obama administration needs a strategy that accounts for the nuclear deal's potentially adverse implications for U.S. counterterrorism policy as well as its advantages for nonproliferation policy.

    Jan 28, 2016

  • Russian President Vladimir Putin greets spectators at the World Judo Championships in Chelyabinsk

    Commentary

    The Tide Is Going Out on Putin

    Russia is losing ground in domestic politics, economics, and foreign policy. It could take steps to strengthen its position, such as withdrawing from Ukraine, privatizing inefficient state enterprises, and improving the investment climate.

    Jan 25, 2016

  • U.S. Secretary of State John Kerry talks with Iranian Foreign Minister Mohammad Javad Zarif after the IAEA verified that Iran has met all conditions under the nuclear deal, January 16, 2016

    Commentary

    Iran Nuclear Deal Is Working, but Challenges Persist

    The nuclear agreement with Iran made sanctions relief contingent on Iran's first having verifiably undertaken steps to dismantle its nuclear program. It has completed these tasks, and it is now the United States' turn to implement its obligations under the deal.

    Jan 19, 2016

  • Afghan carpet salesmen fold a carpet after showing it to customers at a shop in Kabul

    Report

    Lessons from the Task Force for Business and Stability Operations in Afghanistan

    Economic development is likely to remain a key component of U.S. contingency operations. Assessing the activities of the Task Force for Business and Stability Operations in Afghanistan offers insights for similar projects in the future.

    Jan 12, 2016

  • Pumpjack and oil refinery plant in West Texas

    Commentary

    What Will Happen After the Oil Export Ban Is Repealed?

    Without the crude oil export ban, producers could sell their product abroad without discounting it, and the Gulf Coast refineries could specialize in the heavier oil for which they are optimized. On the whole, the global refining industry would likely enjoy efficiency gains.

    Dec 22, 2015

  • An Armed Forces of the Philippines marine sentry stands watch as the guided-missile destroyer USS Chung-Hoon arrives in Puerto Princesa to participate in Cooperation Afloat Readiness and Training

    Commentary

    Book Review: 'Strategic Asia 2015–16, Foundations of National Power in the Asia-Pacific'

    Which nations have the resources and motivations to either cooperate with or frustrate Washington's designs? What liabilities and assets reside with each country? The book, Strategic Asia 2015–16, surveys some of the most powerful nations in Asia with such questions in mind.

    Nov 30, 2015

  • A money changer displays U.S. and Iranian banknotes at the Grand Bazaar in central Tehran, October 7, 2015

    Commentary

    Unlocking Iran's Economy

    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.

    Nov 2, 2015

  • People shopping at the electronic market outside The SEG Plaza, a skyscraper named after the Shenzhen Electronics Group, in Shenzhen, China, February 1, 2015

    Brochure

    How Do China's Philosophies Shape Its Policies?

    Outwardly, China is promoting a “new type of great power relations” between itself and the U.S., and a “community of shared interests” within Asia. Inwardly, it is guided by the “Chinese Dream,” a vision for increased prosperity, greater social stability, and a higher quality of life for its people.

    Oct 20, 2015

  • Staff raise Pakistan's flag in front of the Great Hall of the People ahead of a welcome ceremony for Pakistan's Prime Minister Nawaz Sharif in Beijing, July 5, 2013

    Commentary

    Pakistan and China's Almost Alliance

    Policymakers in the United States and throughout Asia should take note of why the Sino-Pakistani relationship has endured for so long, what each partner gets from the other, and what inherent limitations prevent the union from developing into a true alliance.

    Oct 16, 2015

  • Woman using a digital tablet with an elderly man

    Commentary

    Bridging the Global Age Gap

    The Trans-Pacific Partnership offers hope for balancing the world's rapidly aging with its jobless youth. As long-term care for the elderly becomes a pressing need in many developed countries, services such as monitoring and reminding people to take their medications could be provided remotely from countries with an abundance of younger workers.

    Oct 8, 2015

  • Investors watch stock information at a brokerage house in Hangzhou, Zhejiang province, August 25, 2015

    Commentary

    China's Currency

    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.

    Sep 28, 2015

  • Greek Prime Minister Alexis Tsipras (C) at the first meeting of the new cabinet in the parliament building in Athens, Greece September 25, 2015

    Commentary

    The Greek Tragedy's Next Act Unfolds

    On regaining the mantle of prime minister, Tsipras should expect little, if any, honeymoon from the Greek electorate, as he faces not just the implementation of austerity measures demanded by the International Monetary Fund and the EU: He must also cope with Greece's part of a European migration crisis of historic proportions.

    Sep 27, 2015

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