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.

  • Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, and Litecoin placed on a PC motherboard, June 29, 2021, photo by Dado Ruvic/Reuters

    Commentary

    Cryptocurrency Should Be Added to the U.S.-Japan Trade Deal

    Jul 28, 2021

    As the Biden administration begins to define its approach to international trade, and the Suga administration looks to further tighten cooperation with the United States, it may be worth reconsidering the exclusion of cryptocurrency from the U.S.-Japan trade deal. Substantial economic equities are at stake for both sides.

  • Russia's President Vladimir Putin during a videoconference meeting with members of the Lomonosov Moscow State University Board of Trustees at the Novo-Ogaryovo residence, December 24, 2020, photo by Mikhail Klimentyev/Reuters

    Commentary

    Sanctions Targeting Russia's Defense Sector: Will They Influence Its Behavior?

    May 20, 2021

    In response to recent Russian cyber espionage, interference in U.S. elections, and the poisoning of opposition leader Alexei Navalny, President Biden announced a new round of sanctions and expulsions of Russian officials. But will these sanctions hurt Russia's defense industry enough to curb the Kremlin's behavior?

Explore International Economic Relations

  • Chinese President Xi Jinping and First Lady Peng Liyuan arrive at Paine Field in Everett, Washington, September 22, 2015

    Commentary

    Xi's Visit Exposes Mismatch in U.S and Chinese Expectations

    Chinese President Xi Jinping's U.S. visit this week appears to face serious headwinds. Contrasting U.S. and Chinese priorities will likely lead to disappointment on both sides.

    Sep 23, 2015

  • Rigging equipment is pictured in a field outside of Sweetwater, Texas, June 4, 2015

    Commentary

    Why Selling Oil from the Strategic Petroleum Reserve Is a Bad Idea

    Some lawmakers are proposing a sell-off of oil from the Strategic Petroleum Reserve to finance highway and bridge work. This is a shortsighted strategy.

    Sep 15, 2015

  • U.S. Senator Ted Cruz (R-TX) addresses a rally against the Iran nuclear deal at the U.S. Capitol, Washington, DC, September 9, 2015

    Commentary

    Congress Should Monitor Iran Deal, Not Keep Trying to Kill It

    If Iranian compliance with the nuclear accord is Congress's goal, then legislators should focus on ensuring that the deal is effectively implemented.

    Sep 12, 2015

  • U.S. Secretary of State John Kerry testifies before a House Foreign Affairs Committee hearing on the Iran nuclear agreement in Washington, July 28, 2015

    Commentary

    The Only Iran Deal Alternative Worth Considering

    Now is the time for Washington to prove its leadership and implement the Iran nuclear deal. The alternative is a major diplomatic defeat for America and an unrestricted Iranian nuclear program.

    Aug 30, 2015

  • Iran flag above Tehran skyline

    Commentary

    A Better Deal for Iran

    It is critical for lawmakers to understand there will be serious consequences for rejecting the Iran deal. And those consequences look a lot worse for the United States and its partners than for Iran.

    Aug 24, 2015

  • The three main members of the Eurasian Economic Union, Belarus' President Alexander Lukashenko, Kazakhstan's President Nursultan Nazarbayev, and Russia's President Vladimir Putin, meet in Astana March 20, 2015

    Commentary

    Eurasia Facing Tough Choices for the Future

    There is much to be said for Eurasia's rich ethnic, national, religious, and cultural diversity. In the economic sphere, however, Eurasians should reassess bad habits, such as weak property rights, centralized state control, and associated corruption.

    Aug 13, 2015

  • Myanmar pro-democracy leader Aung San Suu Kyi and China's President Xi Jinping meet at the Great Hall of the People in Beijing, China, June 11, 2015

    Commentary

    Aung San Suu Kyi's Trip to China: Sino-Myanmar Relations as the Countdown to the November Elections Begins

    For Aung San Suu Kyi and the rest of the National League for Democracy (NLD) delegation, meeting with Chinese leadership provided a forum for bilateral engagement with one of Myanmar's most important neighbors in the region, relations that will expand given the NLD's likely success at the polls in November.

    Aug 10, 2015

  • Protesters wave Armenian national flags during a rally against a hike in electricity prices in Yerevan, Armenia July 1, 2015

    Commentary

    It's Time to Reboot Our Relationship with Russia and Iran's Neighbors

    In implementing the prospective Iran nuclear agreement, the West cannot forget its engagement in the vulnerable South Caucasus. The Iran deal changes the equation for all three countries and perhaps opens new opportunities.

    Jul 28, 2015

  • Iranian President Hassan Rouhani at the Asian African Conference in Jakarta, April 22, 2015

    Commentary

    Post Deal, Can Rouhani Deliver on Promises of Reform?

    Rouhani was elected president because he offered hope; he claimed that the nuclear agreement would be the key to unlock or solve Iran's problems. But it will take more than that to make Iran a better place to live. Can he achieve his people's dreams? Is he even willing?

    Jul 24, 2015

  • A poster of Ayatollah Ali Khamenei, Hezbollah Secretary-General Sayyed Hassan Nasrallah, and others behind Iranian, Syrian, Lebanese, and Hezbollah flags during Resistance and Liberation Day celebrations in Bint Jbeil, Lebanon, May 25, 2014

    Commentary

    Global Terror Network Will Get a Boost from Iran Nuclear Deal

    Iranian sponsorship of terrorist organizations cannot be divorced from the negotiations because the sanctions that will be lifted provide new sources of funding to reinforce the Iran threat network. A global strategy to address the Iran threat network is essential to stability in the region.

    Jul 15, 2015

  • Iranian Foreign Minister Mohammad Javad Zarif waves after a plenary session at the UN building, Vienna, July 14, 2015

    Q&A

    The Iran Nuclear Deal: RAND Experts Answer Questions About the Days Ahead

    Diplomats have reached a nuclear agreement with Iran. Now, the United States faces important policy decisions that will help shape the days ahead and the relationship that emerges between Iran and the other parties involved.

    Jul 14, 2015

  • U.S. Secretary of State John Kerry in front of Palais Coburg, the venue for the Iran nuclear talks, Vienna, Austria, July 5, 2015

    Commentary

    Here's What Will Happen If the Iran Deal Falls Through

    Even a strong nonproliferation agreement that prevents all pathways toward the Iranian bomb won't magically transform the Middle East. But on balance, the region would be better off with a good nuclear deal than without one.

    Jul 7, 2015

  • Periodical

    Periodical

    RAND Review: July-August 2015

    This issue of RAND Review reports on the economic costs of the Israeli-Palestinian conflict, healthy menu options for food trucks, ways to bridge the civilian-military gap, the depiction of terrorism on television, and more.

    Jul 2, 2015

  • Iran's President Hassan Rouhani arrives to attend the closing statement for the Asian-African Conference in Jakarta April 23, 2015

    Commentary

    Who Benefits from Iran Sanctions Relief?

    More than $100 billion of Iranian oil proceeds are “frozen” in foreign bank accounts under the current sanctions regime. The repatriation of Iran's money would no doubt boost a flagging economy.

    Jul 2, 2015

  • Pro-Euro protestors hold Greek national flags during a rally in front of the parliament building, in Athens, Greece, June 30, 2015

    Commentary

    The Political Solution to the Greek Financial Crisis

    The outcome of Greece's financial crisis will have broad consequences for its already-devastated economy and, to a considerable extent, for the rest of Europe. The core problem is less about economics than about politics.

    Jun 30, 2015

  • Greek Prime Minister Alexis Tsipras at the St. Petersburg International Economic Forum, June 19, 2015

    Commentary

    Greek Financial Crisis: All You Need to Know

    Europeans should not rush to eject the Greeks from either the euro or the E.U. They should have the patience to let Greek politics run its course.

    Jun 21, 2015

  • Pakistani Army Chief General Ashfaq Parvez Kayani talks with Royal Saudi Land Forces Commander Lieutenant General Khalid Bin Bandar Bin Abdul Aziz Al-Saud at a joint military exercise in Mangla, Pakistan, October 6, 2011

    Commentary

    What Pakistan and Saudi Arabia Want from Each Other

    Whatever overlapping interests they may have in dangerous groups like Lashkar-e Taiba, the Saudis and Pakistanis have much bigger reasons for seeking each other's friendship. These reasons may be largely transactional, but the transaction has been a mutually beneficial one for nearly 40 years.

    Jun 17, 2015

  • A farmer in China inspects his rice

    Q&A

    Reaching the 80 Percent: Q&A with Krishna Kumar

    Krishna Kumar discusses studying agriculture in China, low-income housing in India, and labor markets in Bangladesh, and how research can help the developing world.

    Jun 15, 2015

  • Woman in a business meeting points to a world map

    Commercial Book

    Puzzles, Paradoxes, Controversies, and the Global Economy

    In this collection of essays first published between 2007 and 2014, Charles Wolf Jr. shares his insights on the world's economies, including those of China, the United States, Japan, Korea, and India.

    Jun 1, 2015

  • Glass globe on graph of world economies and currency

    Blog

    Puzzles, Paradoxes, Controversies, and the Global Economy

    In a wide-ranging collection of essays first published between 2007 and 2014, Charles Wolf Jr. shares his insights on the world's economies, including those of China, the United States, Japan, Korea, India, and others.

    Jun 1, 2015