While the recent fiscal troubles in Greece have received much attention, the U.S. fiscal position is hardly comparable to that of Greece. However, the United States is experiencing, and will continue to experience, one of the fundamental economic costs of relatively large and persistent deficits.
Although the hemisphere is keen to insulate itself from Venezuela’s political and economic problems, the country constantly challenges regional capabilities in crisis management. The latest victim of the turmoil in Venezuela is the Brazilian government.
The Iran nuclear deal marks a significant victory for both the Obama administration and the government of Iranian President Hassan Rouhani. On balance, the agreement is a good one. But make no mistake: it might yet fail.
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.
Recent gubernatorial elections in five of seven Argentine provinces with significant energy reserves took place amid the current presidential campaign to replace the term-limited Cristina Fernández de Kirchner. Fellow Mark Jones analyzes the likely relationship between the five provincial governors — who, like other Argentine governors, have a profound impact on the energy industry — and a new president.
The core strategies of the U.S. War on Drugs are eradication, interdiction and incarceration. After a 40-year and trillion-dollar effort, illicit drugs remain available to meet a remarkably stable demand.
Drawing on decades of government-gathered and publicly available data, William Martin, director of the Drug Policy Program, and contributing expert Jerry Epstein contend that U.S. drug policy is premised on incorrect assumptions, aims at the wrong targets and can never succeed. But because these data run counter to a century of anti-drug propaganda, they play only a small role in public policy, mass-media presentation and popular perception. In this policy report, Martin and Epstein call for a reexamination of the data and sweeping revision of existing strategies. They urge formation of a politically independent national scientific commission, its members chosen by the National Academy of Sciences, in consultation with the NIH and the Department of Health and Human Services, to facilitate open examination and honest consideration of alternatives to current failed or flawed policies.
What strategy should the U.S. pursue in confronting ISIL and addressing the broader challenges of Iraq, Syria, Iran, Yemen, stability in the Persian Gulf, and the ever-present Israeli-Palestinian dispute? Leadership and engagement play a part, of course, but they must be subservient to a U.S. strategy whose objective is to protect and, if possible, advance our core interests in the region.
The relationship between Mexico and Texas is in dire need of reassessment, given the chasm between the reality of the countries’ economic and cultural relationship and the political rhetoric that surrounds it.
