International Markets

A path to US leadership in the Asia-Pacific

By Olin Wethington and Robert A. Manning

The EU’s Capital Markets Union

By Zdenek Kudrna

The European Union (EU) is facing numerous crises, including massive migration flows, the UK’s vote to leave the EU (Brexit), and rising support for anti-EU and populist parties. In “The EU’s Capital Markets Union—Unlocking Investment Through Gradual Integration,” author Zdenek Kudrna, a post-doctoral researcher at the University of Salzburg, argues that these crises all share […]

Embracing Impact: How Africa Can Overcome the Emerging Market Downturn

By J. Peter Pham and Aubrey Hruby

In January 2016, oil prices fell to their lowest levels in more than a decade. Meanwhile, China, the world’s second-largest economy, is experiencing its most sluggish growth in a quarter-century—dragging down commodity prices and dampening the global economic outlook. The effects of this broad slowdown will hurt African economies more than most, because China and […]

Nigeria’s oil revenue crunch

By Aaron Sayne and Aubrey Hruby

As oil prices fall to their lowest in decades, Nigeria's oil revenue has plummeted nearly $2 billion since the start of 2014. What is the impact of falling oil prices and increased competition on the economy and stability in Nigeria?

Diversifying African Trade: The road to progress

By Aubrey Hruby

As World Trade Organization members meet in Nairobi, Kenya, for their 2015 Ministerial, the potential economic impact of African trade—for Africa, but also the rest of the world—has never been more relevant. Home to thirty-three of the world’s least developed countries and only responsible for 3 percent of global trade, Africa stands to reap enormous […]

Shaping the Asia-Pacific Future: Strengthening the institutional architecture for an open, rules-based economic order

By Olin Wethington and Robert A. Manning

Renminbi ascending: How China’s currency impacts global markets, foreign policy, and transatlantic financial regulation

By Chris Brummer

How will the rise of China’s currency impact global markets, foreign policy, and transatlantic financial regulation? The report, titled “How China’s Currency Impacts Global Markets, Foreign Policy, and Transatlantic Financial Regulation” offers and elaborates on five principles for an effective internationalization process of the RMB: Agenda setting should be pragmatic, not aspirational; Reforms in legal […]