CFR Presents

Renewing America

Ideas and initiatives for rebuilding American economic strength.

Foreign Investment and U.S. National Security

by Jonathan Masters Friday, September 27, 2013
A cleaner wipes the glass door of a Huawei office in Wuhan, Hubei province (Courtesy Reuters). A cleaner wipes the glass door of a Huawei office in Wuhan, Hubei province (Courtesy Reuters).

The United States is both the world’s largest foreign direct investor and the largest beneficiary of foreign direct investment (FDI). But like every sovereign country, it has sought to temper its embrace of open markets with the protection of national security interests. Achieving this balance, which has shifted over time, has meant placing certain limitations on overseas investment in strategically sensitive sectors of the U.S. economy. Read more »

Travel and Tourism: Small Investments, Big Returns

by Edward Alden Monday, September 23, 2013
A traveler has his fingerprints scanned at the international travel entry point at JFK International Airport in New York on March 25, 2008 (Shannon Stapleton/Courtesy Reuters). A traveler has his fingerprints scanned at the international travel entry point at JFK International Airport in New York on March 25, 2008 (Shannon Stapleton/Courtesy Reuters).

Whenever I fly back from a trip outside the country, I’m always relieved to be carrying a U.S. passport, because the customs and immigration inspection lines for those who are not Americans or permanent residents always look an awful lot longer. A new report out last week shows just how long those lines sometimes are. Read more »

The Blurry Frontiers of Economic Policy

by Michael Spence Friday, September 20, 2013
A man walks past displays of the Japanese yen's exchange rates against the U.S. dollar and the euro in Tokyo on May 2, 2012 (Kim Kyung-Hoon/Courtesy Reuters). A man walks past displays of the Japanese yen's exchange rates against the U.S. dollar and the euro in Tokyo on May 2, 2012 (Kim Kyung-Hoon/Courtesy Reuters).

Milan — Around the world, policies, technologies, and extended learning processes have combined to erode barriers to economic interaction among countries. Pick any indicator: trade relative to global GDP, capital flows relative to the global capital stock, and so forth – all are rising. Read more »

The Renewing America Interview: Bill Bradley on Leadership and U.S. Tax Reform

by Jonathan Masters Thursday, September 12, 2013
(Courtesy Bill Bradley) (Courtesy Bill Bradley)

Months of relative calm on the U.S. fiscal front are set to end this month as Congress returns from summer recess, staring down the barrel of a possible government shutdown on October 1 (start of FY 2014), and another likely debt-limit fight shortly thereafter. Read more »

The Tobacco Problem in U.S. Trade

by Renewing America Staff Thursday, September 5, 2013

In the context of the Trans-Pacific Partnership, a pending trade deal between the U.S. and eleven other countries, the White House has a tremendous opportunity to forge a new approach on tobacco that balances U.S. mandates on trade with its obligations to promote public health at home and abroad, writes CFR Fellow Thomas Bollyky in this CFR Expert Brief.

Making Colleges Accountable: One Step Forward, But More to Go

by Rebecca Strauss Tuesday, September 3, 2013
College students take their seats at a diploma ceremony (Brian Snyder/Reuters). College students take their seats at a diploma ceremony (Brian Snyder/Reuters).

The most ambitious part of President Obama’s new college accountability plan unveiled in August—tying the eligibility of schools for federal student aid to demonstrated results in preparing students for the job market—is unlikely to survive. The less ambitious part—ranking colleges and making the “value” of a school’s degree more transparent to student consumers—probably will. But it is unlikely that transparency alone will shake up the higher education establishment and either lower costs or improve quality, especially when the onus is on students to find and act on the information. Read more »