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.

  • Commentary

    A Case for Greater U.S. Engagement in Central Asia

    Central Asia's souring relations with Russia and growing skepticism of Chinese influence have created a rare and valuable window of opportunity for the United States to bolster its image through greater long-term investment in the region.

    Sep 11, 2023

  • 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

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  • 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

  • Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during their meeting on the sidelines of a BRICS summit, in Brasilia, Brazil, November 13, 2019, photo by Ramil Sitdikov/Sputnik via Reuters

    Report

    The Chinese-Russian Relationship and Its Risks to U.S. Interests

    Over the past 70 years, China and Russia have experienced the full range of interstate relations, from conflict to alliance. Beijing and Moscow have become much closer since 2014, increasing political, military, and economic cooperation. What does this mean for the United States?

    Oct 12, 2021

  • Brochure

    Brochure

    Select RAND Research on China: 1999-2019

    This volume is an important resource for anyone who is interested in gaining an informed understanding of China, a major strategic competitor of the United States in the economic, technological, diplomatic, and security realms.

    Oct 7, 2021

  • The Kumsusan Palace of the Sun, a mausoleum in Pyongyang, North Korea, photo by narvikk/iStock

    Report

    How Does North Korea Evade Sanctions?

    The United Nations has imposed increasingly restrictive sanctions on North Korea after each of the six nuclear weapons tests that it conducted between 2009 and 2016. Enforcement has been mixed, and North Korea has become adept at several techniques to evade sanctions.

    Sep 23, 2021

  • Taliban flags are seen on a street in Kabul, Afghanistan, September 16, 2021, photo by West Asia News Agency via Reuters

    Commentary

    China and Pakistan See Eye to Eye on the Taliban—Almost

    Beijing and Islamabad share a long history of cooperation and have much in common on Afghanistan. Both are poised to benefit strategically from the Taliban's success. But the Taliban's resurrection almost certainly will add some stress to an otherwise positive and productive bilateral partnership.

    Sep 21, 2021

  • Chinese State Councilor and Foreign Minister Wang Yi meets with Mullah Abdul Ghani Baradar, political chief of the Taliban, in Tianjin, China, July 28, 2021, photo by Li Ran/Xinhua via Reuters

    Commentary

    Chinese Recognition of the Taliban Is All but Inevitable

    China is likely to recognize and legitimize the new leadership in Afghanistan within the coming weeks or months. Even if China has real concerns about the Taliban's willingness to keep its promises, the potential benefits are simply too great for Beijing to ignore.

    Aug 27, 2021

  • The verdict is announced in the embezzlement trial of U.S. investor Michael Calvey (L) at Meshchansky District Court, Moscow, Russia, August 5, 2021, video still by Moscow City Court/TASSTHIS via Reuters

    Commentary

    Which Kremlin Can Investors Expect?

    A Kremlin that backs sound macroeconomic policy and a strong private sector could hearten investors. A Kremlin that pursues statist economics and security at all costs could discourage them. Which Kremlin should investors expect?

    Aug 12, 2021

  • 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

    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.

    Jul 28, 2021

  • An I-Kiribati girl watches as the Military Sealift Command joint high-speed vessel USNS Millinocket arrives in Tarawa, Republic of Kiribati, June 2, 2015, photo by Chief Petty Officer Jonathan Kulp/U.S. Navy

    Commentary

    America's Strategy in Oceania: Time for a Better Approach

    China has moved in earnest to engage with Oceania, while the United States is vying to get a toehold in the region. To develop an effective strategy for engaging there, Washington could seek guidance from key allies to better understand their experience, lessons, and efforts already underway.

    Jul 19, 2021

  • A soldier loyal to Syria's President Bashar al-Assad's forces is seen in Quneitra, Syria, July 22, 2018

    Commentary

    The Power and Limits of Threat: The Caesar Syrian Civilian Protection Act at One Year

    A powerful new U.S. sanctions law on Syria came into effect one year ago, with great notice and speculation regarding its potential effects. Now, one year later, it is apparent that the act's power lies not in who the United States has sanctioned but in who the United States could sanction.

    Jul 8, 2021

  • Earth partially covered by Chinese Yuan, image by Stephen Finn/Adobe Stock

    Report

    China's Drive for Power and Influence Around the World

    An analysis of China's ability to use various mechanisms of influence to shape the policies and behavior of 20 countries finds that China's economic power is the foundation for its influence. This analysis offers lessons for the United States that can inform its response.

    Jun 30, 2021

  • Russian President Putin addresses the audience during Moscow City Day celebrations in Moscow, Russia, September 5, 2020, photo by Sputnik/Alexei Druzhinin/Kremlin via Reuters

    Commentary

    Confronting a More Globally Active Russia

    For the last 25 years, Russia has been focused on regaining the ability to influence actions beyond its own region. Recognizing Russia's global interests could help the United States implement its own global strategy.

    Jun 15, 2021

  • Russian President Vladimir Putin holds a meeting via video link from the Kremlin in Moscow, Russia, December 21, 2020, photo by Alexei Nikolsky/Russian Presidential Press and Information Office/Reuters

    Commentary

    Russia Engine Troubles: Is Putin's Behavior Catching Up with Him?

    Actions taken to curb Russian malign activities around the globe appear to be affecting Russia's marine and aerospace engine sector. Efforts to arrest Russia's bad behavior might gain momentum if more countries followed the lead of Norway, which chose supporting sanctions over short-term economic gain.

    Jun 15, 2021