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.

  • China yuan banknote on China flags and U.S. dollar banknote on United States flags, photo by Dilok Klaisataporn/Getty Images

    Commentary

    A Civilian U.S. 'Joint Chiefs' for Economic Competition with China?

    China's aggressive activities are presenting a serious, sustained challenge to the international order. To position itself for this new era, the United States could create a civilian equivalent to the Joint Chiefs of Staff with a mandate to manage the expanding role of U.S. civilian departments in geopolitical and economic competition.

    Apr 24, 2023

  • An employee walks past a part of Gazprom's Power Of Siberia gas pipeline at the Atamanskaya compressor station outside the far eastern town of Svobodny, in Amur region, Russia, November 29, 2019, photo by Maxim Shemetov/Reuters

    Commentary

    Consequences of the War in Ukraine: The Economic Fallout

    Before Russia invaded Ukraine, projections estimated global economic growth in 2022 would be around 5 percent. But the war in Ukraine contributed to slowed economic growth in 2022 and a slowed recovery from the COVID-19 pandemic. What are the broader consequences for the global economy?

    Mar 7, 2023

Explore International Economic Relations

  • A world map superimposed over people's raised hands, photo by Rawpixel/Getty Images

    Report

    Advancing Global Citizenship in America

    Concerted international action is required to address climate change and sustainability, pandemics, global security, and economic growth. But such action requires a sense of common destiny and shared responsibility among people across nations. What are Americans' attitudes toward global issues, and what could encourage them to become citizens of the world?

    Mar 24, 2022

  • Report

    Report

    Disruption Without Change: The Consequences of COVID-19 on the Global Economic Balance

    The author reviews the economic track record of the United States, its competitors, and its allies to discern how economic changes induced by the COVID-19 pandemic could affect geopolitical competition and the security environment.

    Mar 21, 2022

  • An empty airport terminal at Sheremetyevo International Airport after Aeroflot suspended most international flights in order to keep leased aircraft from being detained due to sanctions, in Moscow, Russia, March 8, 2022, photo by Artyom Geodakyan/Reuters

    Commentary

    Where Is Business in Russia?

    Businesses in Russia have little hope of making a full recovery and operating normally in the global economy unless the West lifts its extraordinary sanctions. Political and civic engagement may be essential to protect their value and the interests of shareholders and employees.

    Mar 16, 2022

  • Thank you in many languages, photo by aaabbc/Adobe Stock

    Research Brief

    Talking business: How increasing languages education in the UK could benefit the economy

    Findings show that investing in languages education in UK secondary schools will return more than the investment cost. The benefit-to-cost ratio is about 2:1, meaning that every £1 spent on extra language provision could return £2 for the economy.

    Mar 2, 2022

  • RAND Weekly Recap

    Blog

    Responding to Russia, Sex Trafficking, Anti-Bias Education: RAND Weekly Recap

    This weekly recap focuses on the false choice between responding to Russia or deterring China, how substance use and sex trafficking are connected, providing anti-bias education in U.S. schools, and more.

    Feb 25, 2022

  • The Russian flag flies above the Embassy of the Russian Federation, Washington, D.C., February 22, 2022, photo by Tom Brenner/Reuters

    Commentary

    A Test of How Effective Sanctions Are

    The threat of severe sanctions failed to stop a Russian invasion of Ukraine. But if and when harsher economic punishment is handed down to Moscow, what effect might it have?

    Feb 24, 2022

  • Thank you in many languages, photo by aaabbc/Adobe Stock

    Report

    Investment in Languages Education Could Return Double for UK Economy

    Languages play a significant role in international trade, and not sharing a common language acts as a non-tariff trade barrier. Benefit-to-cost ratios for increasing Arabic, Mandarin, French, or Spanish education in the UK are estimated to be at least 2:1, meaning that spending £1 could return £2.

    Feb 21, 2022

  • Journal Article

    Journal Article

    Blockship Tactics to Trap Enemy Fleets

    The U.S. Navy should initiate a blockship program to counter potential threats.

    Feb 8, 2022

  • India's Prime Minister Narendra Modi addresses the 76th Session of the U.N. General Assembly in New York City, U.S., September 25, 2021, photo by Eduardo Munoz/Reuters

    Commentary

    Modi's Foreign-Policy Juggling Act

    India lives in a difficult neighborhood, and there are no easy, straightforward solutions. But thus far—and especially under Modi—India has managed its foreign-policy challenges with remarkable effectiveness. With new partners and by making some tough decisions, there is a very good chance that it will continue to do so.

    Feb 7, 2022

  • Radio antennas on the mountains of Angeles National Forest overlooking Los Angeles County, California, photo by Sundry Photography/Getty Images

    Commentary

    How China Plays by Different Rules—at Everyone Else's Expense

    A single Chinese state-run firm has secured a controlling interest in at least 33 radio stations in 14 countries. But there is virtually no opportunity for foreign ownership, input, or influence in the Chinese media marketplace. This inequity presents U.S. leaders with an opportunity: Unless China opens its media marketplace to foreign investment and ownership, its firms should be forced to divest their American holdings.

    Feb 7, 2022

  • Pattern featuring the flags of the United States, Russia, and China, image by Getty Images/RAND Corporation

    Report

    Crossroads of Competition: China, Russia, and the United States in the Middle East

    This report details the political, economic, and military interests and activities of China and Russia in the Middle East and identifies where those efforts contest, intersect, or complement U.S. interests and activities.

    Feb 2, 2022

  • U.S. Deputy Secretary of State Wendy Sherman meets with Cambodian Prime Minister Hun Sen in Phnom Penh, Cambodia, June 1, 2021, photo by U.S. Embassy Phnom Penh/Public Domain

    Commentary

    Could the U.S. Play Offense in China's Back Yard?

    Relations with Cambodia and Laos have fallen victim to the U.S. administration's foreign policy priority of shared values over shared interests. This approach has failed to make headway in Cambodia and Laos, isolates the United States in a region where few countries are true democracies, and unnecessarily cedes ground to Beijing.

    Jan 13, 2022

  • Journal Article

    Journal Article

    Decoupling from China: How U.S. Asian Allies Responded to the Huawei Ban

    The paper analyzes how Australia, Japan, and South Korea responded to Washington's expectations of mutual support on the decoupling of Chinese technology companies from global supply chains.

    Jan 6, 2022

  • “Checkmate,” the new Sukhoi fifth-generation stealth fighter jet, at the opening ceremony of the MAKS 2021 air show in Zhukovsky, Russia, July 20, 2021, photo by Tatyana Makeyeva/Reuters

    Commentary

    Is Russia's Su-75 'Checkmate' Aircraft a Case of Vapor Marketing?

    During a Moscow air show last summer, Russia rolled out a mockup of the Su-75, a multipurpose fighter-bomber designed to compete in the global marketplace. But given the Russian aerospace sector's difficulties in developing, let alone delivering, advanced combat aircraft, prospective buyers should consider a range of options to meet defense needs.

    Jan 6, 2022

  • U.S. President Joe Biden participates virtually in the annual U.S.-ASEAN Summit at the White House in Washington, D.C., October 26, 2021, photo by Gripas Yuri/ABACA via Reuters Connect

    Commentary

    Biden's Southeast Asia Policy Still Has Much to Prove

    As the Biden administration's first year comes to a close, how is the United States faring in Southeast Asia? Washington got a lot right, but it could do better to optimize competition against China and work on a more sensitive understanding of the delicate and at times precarious position Southeast Asian states are in.

    Dec 17, 2021

  • Old wooden chess board with map, photo by Chess board: ChrisAt/Getty Images/iStockphoto. Map: pc/Getty Images Chess pieces: TheUltimatePhotographer/iStockphoto

    Report

    Implementing China's Grand Strategy in Asia Through Institutions: An Exploratory Analysis

    In this report, the authors review the literature on China's grand strategy and discuss China's use of institutions in implementing its grand strategy toward Asian nations of interest to China, including the countries of the Korean Peninsula.

    Nov 29, 2021

  • Presidents Barack Obama and Nicolas Sarkozy at a ceremony honoring service members who supported the international response to the unrest in Libya, at Cannes City Hall, November 4, 2011, photo by MC2 Stephen Oleksiak/U.S. Navy

    Report

    Weighing Entanglement Risks of U.S. Security Relationships

    Some analysts argue that security relationships cause the United States to adopt its partners' interests, incentivize allies and partners to engage in reckless behavior, and risk getting dragged into conflicts. Others contend that the United States avoids entanglement by keeping its own interests in mind.

    Nov 22, 2021

  • Russian missile air defence systems at the international military-technical forum Army-2021 in Moscow Region, Russia, August 23, 2021, photo by Maxim Shemetov/Reuters

    Report

    How Diplomacy Could Be Used to Discourage Russian Arms Sales

    Countering Russian arms sales could reduce Russia's influence on other nations as well as revenue that indirectly enables its irresponsible international behavior. The United States and its allies need to provide credible diplomatic and military alternatives, and work with countries to address their security needs.

    Nov 18, 2021

  • Russian President Vladimir Putin shakes hands with Central African Republic President Faustin-Archange Touadéra at the Russia-Africa Summit in Sochi, Russia, October 23, 2019., photo by Mikhail Metzel/Kremlin via Reuters

    Commentary

    What Does Africa Need Most Now: Russian Arms Sales or Good Vaccines?

    Why is Russia's main export to Africa advanced conventional weapons at a time when other needs are so great? African leaders might think twice about aggressive Russian arms pitches and engagement of mercenaries, and prioritize measures to stem the COVID-19 pandemic and encourage economic growth.

    Nov 17, 2021

  • Map of connections in Asia and Australia, photo by ktsimage/Getty Images

    Report

    Mapping Business Networks in the Asia-Pacific

    As the economies of East and Southeast Asia have exploded in size, the activities of Asian firms have become more and more interdependent. The number of cases in which firms from different countries shared the same director increased almost tenfold from 2006 to 2020.

    Nov 9, 2021

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