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.
Peter Hotez, fellow in disease and poverty, testified about the continuing threat of neglected tropical diseases before the U.S. House Committee on Foreign Affairs Subcommittee on Africa, Global Health, Global Human Rights and International Organizations.
The current electoral labyrinth in Egypt continues to pose a significant challenge to creating a just and all-inclusive political system. Despite the myriad electoral reforms and constitutional amendments passed in the past four years, women continue to play a minor role in the decision-making process in postrevolutionary Egypt. The new constitution unveiled in early 2014 lacks a constitutional provision or a quota system that would guarantee equal political representation for women; this will negatively impact women’s ability to exert influence in the political arena.
This week, negotiators announced the framework of a nuclear agreement — ultimately, a Joint Comprehensive Plan of Action (JCPOA) — with Iran. If a final deal can be struck and if the agreement holds, this deal will mark a historic foreign policy achievement, writes Joe Barnes.
Brazilian President Dilma Rousseff is starting her second term in office facing economic and political problems that feed into each other. These problems can be attributed to a large extent to mistakes her administration made during her first term. Rousseff’s macroeconomic policy proved to be inconsistent, and the choices she made in some key economic sectors, especially energy, were demonstrably disastrous. Rousseff now faces
the enormous challenge of reconciling the leftwing populism that led her to victory with the inescapable need
to regain the trust of the most dynamic sectors of Brazilian society, including the private sector.
This year marks a turning point in Argentinian politics now that Cristina Fernández de Kirchner lacks the constitutional possibility of being reelected. And with the party system fragmented as it is, no candidate has a clear victory.
Qatar’s reforms have opened the floodgates of women’s opportunities in education and defined the small nation as a hub of research and higher learning within the greater Middle East. What are the implications of the abundance of highly educated women in Qatar?
Prime Minister Benjamin Netanyahu’s victory in the March 17 Israeli elections proved one thing: He is a politician of the very highest order. His party, Likud, won and — by the standards of recent Israeli elections — won big. This is in many ways a personal triumph for Netanyahu, who is already Israel’s second-longest serving prime minister. But what will Netanyahu’s triumph mean for U.S.-Israeli relations?
