The global economic crisis has made clear China's importance and expanding role on the world stage. China's Rise: Challenges and Opportunities, explains actions both China and the United States can take that will not only maximize the opportunities for China's constructive integration into the...

This Special Report looks at the long-run prospects for the international economic position of the United States, with particular focus on the likely evolution of the current account deficit and prospective foreign financing for it. Its goal is to provide a fundamental framework for the...

Building on the scholarship of the highly successful 2003 volume, Dollar Overvaluation and the World Economy, this book assesses the progress that has been made to date in correcting the sizable misalignments of key national currencies that developed in the late 1990s and early 2000s. The book...

United States-Japan economic conflict has four major dimensions: the large global trade imbalances of the two countries, structural differences between them, a large number of sectoral disputes, and their joint responsibility for global prosperity and stability. Two leading experts on United...

For centuries, China has proven difficult for Americans to understand. Today, however, China is becoming one of the most powerful countries in the world. As the 21st century unfurls, the stakes have never been higher for getting US policy toward China right.

What are the key foreign economic policy issues facing the United States in the second half of this decade? How can the administration and Congress meet the economic challenges that lie ahead? This new book analyzes the dramatic importance of the world economy to both the domestic prosperity and...

For more than three decades, the United States has conducted a unique Japan-specific economic policy. This policy was motivated by Japan's economic size and dynamism, fears that a unique "Japanese model of capitalism" enabled it to compete unfairly and threaten American prosperity during a...

Koreans living in the United States have generated an increase of about 15 to 20 percent in trade between the United States and Korea. This is one of the surprising conclusions reached in this special report, which, upon the 100th anniversary of the migration of Koreans from their homeland,...

The Asia Pacific Economic Cooperation (APEC) Forum has agreed to achieve "free and open trade and investment" in the Asia Pacific region by 2010, for the industrial countries that account for most of its trade, and by 2020 for the rest. It has also launched a wide range of other initiatives to...

The dollar rose by about 35 percent in real terms from 1995 through the end of 2001, supporting the booming US economy of the late 1990s but pushing the current account deficit to a record high of almost 5 percent of GDP. This special report provides alternative views of how large a dollar...