Research Library

Is the U.S. better off linking its money supply to a global commodity market or allowing an independent central bank to respond to economic conditions?

Trade and financial shocks have worsened Latin America’s economic prospects in the past year. Latin America — and South America in particular — are expected to perform poorly into 2016.

Pedro da Motta Veiga, nonresident fellow for the Latin America Initiative, and Sandra Polónia Rios, director of the Centro de Estudos de Integração e Desenvolvimento, discuss the shift away from protectionism in Brazil's trade negotiations.

Despite enviable increases in educational attainment, women in the MENA countries may fare less well in attaining a form of social capital integral to their ability to exercise full political, economic and social agency: wasta — loosely, clout, or using one’s connections and/or influence to get things done.

As the BRICS hold their seventh summit in Ufa, Russia this week, international economics fellow Russell Green and Rice student Elisabeth Kalomeris offer advice on designing the framework for the organization’s New Development Bank.

This issue brief explores the relationship between the opening of Mexico’s energy sector and the future of the country’s automotive industry.

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.

In contrast to the generally accepted view of U.S. policy toward hostile regimes, especially in the Caribbean basin, Washington is not trying to destabilize the government of Venezuela. In fact, it is making efforts to keep Nicolás Maduro in office. With U.S. foreign policy in a precarious position — facing challenges from ISIS, Russia and China — stabilizing the Maduro government looks like the most rational option to support the White House’s current interests in the Western Hemisphere.

Anticipation is growing as India's Prime Minister Narendra Modi prepares to release his government’s annual budget. International economics fellow Russell Green advises Modi to go big.

A new analysis reveals substantial global health gains for AIDS, malaria and neglected tropical diseases that were first targeted by the administration of President George W. Bush in 2003 and then greatly expanded by the Obama administration. Beginning in 2016, an incoming administration will have opportunities to build on this legacy to control and eliminate poverty-related diseases — including those with pandemic potential — and to assert American leadership while being mindful of fiscal constraints.