International Trade and Investment
As Puerto Rico barrels toward a default on $70 billion in public debt, investors and politicians are concerned about how to save the U.S. territory. Historical prescriptions to avoid a default are not feasible within the current law. The inevitability of default in Puerto Rico renders the timing of the default instrumental in determining the island’s economic future.
Political debates and media coverage of the quantitative easing program have ignored the policy’s effects on the global economy. However, the choices made in upcoming meetings of the Federal Reserve’s Open Market Committee will have tremendous consequences in emerging markets.
Bitcoin is a potential nightmare for security policymakers who are already struggling to keep pace with the problems posed by the Internet age.
Energy reform would positively affect Mexico's economy and upstream oil production capacity, strengthen U.S. energy security, and provide greater opportunities for energy development and trade in North America.
Central Asia should focus on further developing its rapidly growing economic ties with East Asia instead of placing its economic future in the hands of Moscow.