It's time to get tougher with China. That's the refrain heard just a bit louder here and in Asia after China's imposition of an air ID zone over disputed islands and the Biden trip, writes Leslie H. Gelb.
"After a decade of paedophilia scandals, the allegations of financial impropriety seemed set to unleash another storm of criticism and had to be addressed. Outside auditors as well as financial risk consultants were already coming into the Vatican but the arrest of Scarano made the case for reform unavoidable. "We cannot have any more scandal. It is so shameful," a senior member of the Vatican's financial administration said."
Gayle Tzemach Lemmon argues why it is in U.S. interests to create an American development bank that invests in small- and medium-sized businesses, including those owned by women, in the world's least-developed and newly emerging economies.
It has been a generation since our country last had a robust conversation about combatting poverty. Now is the time to reinvigorate that conversation, not cut needed benefits, write Robert E. Rubin, Roger C. Altman, and Melissa Kearney.
"The crisis unleashed by Yanukovich's rejection of EU overtures in favour of closer ties with former master Moscow has cast fresh light on the intrigue and promiscuous politics of Ukraine's post-Orange Revolution elite; like all good businessmen, oligarchs hedge their bets."
While a fresh face at the helm of the Pakistani military undoubtedly raises American hopes for a less frustrating relationship, Daniel Markey writes that Washington should keep its expectations firmly in check and at least one eye out for trouble.
Vice President Joe Biden met with Chinese President Xi Jinping on December 4, 2013, during the vice president's trip to Asia. The vice president also spoke to the American Chamber of Commerce in Beijing and the U.S.-China Business Council on December 5, 2013.
The World Bank's Multilateral Investment Guarantee Agency works to promote foreign direct investment (FDI) into developing countries and produces a report on investors' perceptions of political risk as they affect FDI, as well as the role of the political risk insurance industry in mitigating these risks.
A preview of world events in the coming week from CFR.org: UN inspectors visit a heavy-water plant in Iran; Ukraine faces ongoing protests and potential political crisis; and U.S. vice president Joe Biden wraps up his trip to Asia.
"While there is a great deal of variation in the responses based on region, province, urban versus rural, education level, income, and gender, the 2013 survey findings give reason for cautious optimism as Afghans move into critical elections and security transition in 2014."
The scorecard infographic and accompanying progress report, "Trading Up: U.S. Trade and Investment Policy," analyzes the overall health of the U.S. economy by focusing on shifts in global trade and foreign direct investment in the United States.
"The path towards 2014 demands greater reconciliation among ethnic groups so as not to derail either the development process or the physical and moral resources of the government in chairing ASEAN and hosting other related summits in 2014."
"Mandela's example is a ringing endorsement of what is derisively known as the "great man school of history"–the notion that influential individuals make a huge difference in how events turn out," writes Max Boot.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.