Column Archive

Editor’s Note: Guest columnist Daniel McDowell is filling in this week. “The exchange rate is the most important price in any economy, for it affects all other prices,” as Harvard political economist Jeffry Frieden put it. Since the U.S. dollar is the most widely used currency for cross-border exchange and investment, it is fair to say its value is the most important price in the global economy. Though American presidents have limited control over the dollar’s value, their words and their policy choices still carry weight. After four years of an unconventional dollar policy under President Donald Trump, what should […]

Editor’s Note: Guest columnist Richard Gowan is filling in for Stewart M. Patrick, who will return next week. What lies in store for the United Nations Security Council in 2021? People unfamiliar with the council’s inner workings might be surprised to learn how much of it is routine, as diplomats update mandates for ongoing peace operations and sanctions regimes on a pre-set schedule. But unforeseen wars and crises always force their way onto the agenda. Addressing incoming diplomats of the council’s temporary members at an event in Brussels in December 2019, I warned that they must expect to address at […]