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

  • Loading cargo onto a container ship in Istanbul, Turkey, photo by Czgur/Getty Images

    Report

    Potential Benefits of Economic Integration in the Levant

    A comprehensive free trade agreement among six of the core Levant nations—Egypt, Iraq, Jordan, Lebanon, Syria, and Turkey—could increase their average gross domestic product by 3 to 7 percent. It could also reduce regional unemployment rates by 8 to 18 percent.

    Sep 16, 2019

  • Tool

    Tool

    The Levant Economic Integration Calculator

    This online tool allows policymakers and the public to examine how a comprehensive free trade agreement among the countries of the Levant could create significant new economic opportunities, substantially reducing regional unemployment.

    Sep 16, 2019

  • Globe map on grunge texture, photo by caracterdesign/Getty Images

    Commentary

    Time to Return to the Basics of Statecraft

    After two decades of setbacks abroad, it's time to ask whether the decline in American influence is irreversible. Ultimately, neither China nor Russia is responsible for these difficulties. Washington's failures have been self-inflicted, the result of flawed policy rather than any decisive shift in the global balance of power.

    Sep 4, 2019

  • U.S. Secretary of State Mike Pompeo, Micronesia President David Panuelo, Marshall Islands President Hilda Heine, and Palau's Vice President Raynold Oilouch hold a news conference, Kolonia, Micronesia, August 5, 2019, photo by Jonathan Ernst/Reuters

    Commentary

    Maintaining the U.S. Edge in the Freely Associated States

    In the geo-strategically vital region of the Freely Associated States (FAS), China is increasingly competing with the United States for influence. The United States and its allies and partners will need to engage not only with economic aid, but also with other issues including health, economic development, natural disasters, climate change and illegal fishing to sustain a strong partnership with the FAS.

    Sep 3, 2019

  • Blog

    Drug Spending, Back to School, Korean Unification: RAND Weekly Recap

    This weekly recap looks at illegal drug spending, the problem of waking up early for school, possible paths toward Korean unification, and more.

    Aug 23, 2019

  • Shipping containers at the port in San Pedro, California, March 22, 2018, photo by Bob Riha Jr./Reuters

    Commentary

    Trump's Tariffs Against China Aren't Working. And There's No Quick Resolution in Sight

    Washington's go-it-alone approach to its trade disputes with China is imposing a high and growing cost on the U.S. economy. It could even threaten global prosperity. What's more, there's no quick resolution in sight.

    Aug 20, 2019

  • Aerial view of islands in Palau, photo by Lightning Strike Pro/Adobe Stock

    Report

    America's Pacific Island Allies

    Micronesia, the Marshall Islands, and Palau are subject to growing Chinese influence. U.S. funding to and engagement with these Pacific Island nations are key to America's defense and foreign policy goals.

    Aug 6, 2019

  • Two king chess pieces with United States and China flags, photo by MicroStockHub/Getty Images

    Commentary

    Yes, Sam Huntington Has Insights to Guide U.S. Competition with China

    Many U.S. observers believe that the United States is declining relative to China. The United States' long-term competitiveness will be served neither by assuming that China is fated to collapse on account of its internal contradictions nor by presuming that it is destined to preside over a world order with Chinese characteristics. Sustainable strategy requires a measured disposition.

    Jul 25, 2019

  • Boris Johnson arrives at the Conservative Party headquarters after being announced as Britain's next prime minister, London, July 23, 2019, photo by Toby Melville/Reuters

    Commentary

    A Challenging Moment for Boris Johnson

    As Britain's next prime minister, Boris Johnson will bring advantages, and disadvantages, in seeking to lead the United Kingdom through a period as challenging as the Suez Crisis or (perhaps) the darkest days of World War II.

    Jul 23, 2019

  • Game pieces on stacks of varying height, photo by Tero Vesalainen/Getty Images

    Commentary

    This Is Not a Great-Power Competition

    The emerging conventional wisdom among foreign policy analysts in Washington is that a new era of great-power competition is upon us. But does that phrase really capture today's reality?

    May 29, 2019

  • Journal Article

    Journal Article

    External Threat, Internal Rivalry, and Alliance Formation

    Coalitions of rivals, while formidable against common threats, may find it difficult or impossible to avoid struggles among themselves even if they share an enemy.

    May 15, 2019

  • Scales, money, magnifying glass, and books

    Report

    Tool Created to Help Multinational Companies Assess Risk of Bribery When Doing Business in Foreign Countries

    Corruption can hinder global business investment — particularly in emerging markets — but multinational companies often have difficulty assessing the business bribery risk in other countries. A new tool, called the TRACE Matrix, can help.

    May 13, 2019

  • Russian President Vladimir Putin, Chinese President Xi Jinping, and Egypt's President Abdel-Fattah el-Sisi at the 2017 BRICS Summit in Xiamen, China, September 5, 2017, photo by Kenzaburo Fukuhara/Reuters/Pool

    Testimony

    Russia and China in the Middle East: A New Era of Strategic Competition

    Increased Russian and Chinese engagement in the Middle East in recent years underscores that America is in a new period of strategic competition. To prevail, the United States needs to have a vibrant and productive economy, to protect the international order, and to invest in its network of allies and partners.

    May 9, 2019

  • Dice with UK and EU flags, and no deal and deal on sides, Photo by Rawf8/Getty Images

    Commentary

    Finding the Real Will of the People

    It's not surprising that the British Parliament is struggling to find a solution to the Brexit impasse. That's because the 2016 vote revealed nothing about the sort of Brexit people actually wanted. When researchers asked Brits to choose between four options in 2017, there was no obvious winner.

    Apr 30, 2019

  • People walk in front of a monitor showing news of North Korea's fresh threat in Tokyo, Japan, August 10, 2017, photo by Toru Hanai/Reuters

    Tool

    DPRK Sanctions: Countering DPRK Proliferation Activities

    This tool provides an understanding of sanctions regimes currently in force against the Democratic People's Republic of Korea.

    Apr 29, 2019

  • Blog

    School Reform, Sanctions, Russian Aggression: RAND Weekly Recap

    This weekly recap focuses on what educators think about school reform, the devastating impacts of economic sanctions, deterring Russian aggression in the Baltics, and more.

    Apr 19, 2019

  • Military delegates leave the Great Hall of the People after a meeting ahead of National People's Congress in Beijing, China, March 4, 2019, photo by Aly Song/Reuters

    Commentary

    Book Review: 'Unrivaled' by Michael Beckley

    In Unrivaled: Why America Will Remain the World's Sole Superpower Michael Beckley argues not only that U.S. preeminence is safer than most contemporary commentary would have one believe, but also that it is more resilient.

    Apr 18, 2019

  • Russian President Vladimir Putin and Chinese President Xi Jinping meet on the sidelines of the G20 leaders summit in Buenos Aires, Argentina, December 1, 2018, photo by Sputnik/Mikhail Klimentyev/Kremlin via Reuters

    Commentary

    A Warming Trend in China–Russia Relations

    The China–Russia relationship is indeed growing across military, economic, and political dimensions. But it is still more anchored in shared grievances than in common visions. Both countries contest U.S. interests, but in different ways. Washington should treat them as separate strategic challenges.

    Apr 18, 2019

  • Children walk as they hold stacks of bread at al-Hol displacement camp in Hasaka governorate, Syria, April 2, 2019, photo by Ali Hashisho/Reuters

    Commentary

    When Are Economic Sanctions Worthwhile?

    For American policymakers, economic sanctions are too often the soft choice between doing nothing and taking effective but risky or expensive action. Yet, before they inflict years, perhaps decades of impoverishment and worse on entire populations, they should ask if their efforts are likely to succeed and are worth punishing an entire people to do so.

    Apr 15, 2019

  • Men work on a damaged building in the northwestern province of Idlib, Syria, December 27, 2014, photo by Mahmoud Hebbo/Reuters

    Commentary

    The Syrian Civil War Is Coming to an End

    Coalition forces have driven ISIS from its final patch of territory in Syria. But the bigger challenge will be ending the ongoing civil war and rebuilding Syria to bring home millions of refugees and internally displaced people. This means creating a state that can provide safety, security, and opportunity that forestalls further rebellion and devastation.

    Apr 8, 2019