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86 Results
A ship carries cargo for trade.
Anti-Qatar Embargo Grinds Toward Strategic Failure
The list of 13 demands presented in June 2017 by Bahrain, Egypt, Saudi Arabia and the United Arab Emirates suggests a supremely ambitious set of goals behind their embargo of Qatar, including “red lines” that touch directly upon Qatari sovereignty and that Doha will almost certainly reject. The stage is thus set for a contest of endurance, one that with every passing month looks more likely to result in favor of Qatar, writes fellow Gabriel Collins in this brief.
Gabriel Collins January 22, 2018
US flag drapes around Middle East regional map
From Desert Storm to Implementation Day, a Gulf of Expectations
With the implementation of the Iran nuclear agreement, many Gulf Cooperative Council states now openly wonder whether U.S. support can still be relied upon, given the speed with which the U.S. government has engaged Iran in negotiation and diplomacy since 2013. This incomprehension may lead to further instability in the Middle East as the Gulf States continue to take increasingly unilateral action in Yemen and other regional conflict zones, fellow for the Middle East Kristian Coates Ulrichsen writes.
Kristian Coates Ulrichsen January 19, 2016
One hundred dollar bills
The Unfavorable Economics of Currency Manipulation Chapters in Trade Agreements
As Congress resumes work this spring on a bill granting Trade Promotion Authority to President Obama for completion of the Trans-Pacific Partnership trade pact, many members have sought inclusion of a chapter on currency manipulation. Currency manipulation is a legitimate concern. However, countermeasures require clear, objective identification of currency manipulation. Both the IMF and the U.S. Treasury Department have mandates to identify currency manipulation, yet neither has done so in the past 20 years. If it can be done, why has it not happened more often? In this issue brief, Russell Green, Will Clayton Fellow in International Economics, reviews the difficulties of operationalizing a currency manipulation chapter and argues that the difficulty of identifying currency manipulation suggests serious political obstacles to implementation.
Russell Green April 27, 2015