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In the News

When Winning A Trade War Feels Like Losing

cited Steven J. Davisvia The Washington Examiner
Tuesday, August 27, 2019

Though not something to celebrate, America has reached its highest level of economic policy uncertainty since President Trump’s January 2017 inauguration. It seems that Trump hit a veritable uncertainty bonanza when, in a wide-ranging interview, he indicated that America was winning the trade war even though the trade deficit with China, his preferred measure of success or failure, is rising, and in his opinion, the trade controversy could produce a short recession.

In the News

Can Trump Force U.S. Companies Out Of China?

quoting Jack Goldsmithvia CBS News
Monday, August 26, 2019

President Donald Trump startled investors last week when he took to Twitter and "hereby ordered" U.S. companies to stop doing business in China as the countries continue to clash over trade. So is he within his rights?

In the News

Trump Advocates For Putin At G-7 Summit In Move To Soften Russia’s Pariah Status

quoting Michael McFaulvia The Washington Post
Monday, August 26, 2019

President Trump capped days of advocacy on behalf of Russian President Vladi­mir Putin by announcing here Monday that he intends to invite the leader to the Group of Seven summit in 2020, which Trump will host in an election year amid warnings that Russia is actively trying to interfere again in the U.S. presidential election.

Analysis and Commentary

Protectionism Redux?

by Timothy Kanevia Balance of Economics
Monday, August 26, 2019

My thinking on trade protectionism is no longer absolute. Here’s why: One dirty secret is that state-managed growth isn’t such a bad policy for poor countries. Neoliberals might be angry to read that, but it’s true. But here’s the common sense that policymakers don’t seem to fathom: Policies that work for poor countries have no lessons for the United States.


Global Games Of Chicken Are Frying The Planet

by Niall Fergusonvia Boston Globe
Monday, August 26, 2019

“Hey, Toreador! . . . We head for the edge, and the first man who jumps is a chicken. All right?” In Rebel without a Cause, Jim (James Dean) and Buzz (Corey Allen) play the most famous game of chicken in Hollywood history, driving their jalopies at full speed towards a Californian cliff. At the last minute, Jim jumps. Buzz, his sleeve caught on the door handle, plunges to his death. Games of chicken are all around these days. Indeed, it starts to feel as if the whole world is playing a massive, multiplayer game of chicken. Clearly, Boris Johnson’s jaunts to Berlin and Paris last week were part of a diplomatic game of chicken over Brexit.


Retreating From Democracy, With Larry Diamond

interview with Larry Diamondvia World Class
Monday, August 26, 2019

Hoover Institution fellow Larry Diamond discusses why the world may be on the cusp of a “democratic depression.”

In the News

Trump And The Business Roundtable Create Unwanted Regime Uncertainty

cited Steven J. Davisvia Forbes
Monday, August 26, 2019

Last week, the Business Roundtable joined the ever-present Donald J. Trump in creating unwanted regime uncertainty. President Trump displayed his mercantilist machismo by threatening to go to the mat with China and America’s businesses. He promised more tariffs on China if Beijing did not comply with his demands. Then, the President turned his fury on America’s businesses; he ordered them to stop doing business with the Chinese. But, that wasn’t all. Trump also lashed out at the Chairman of the U.S. Federal Reserve Jerome Powell, labeling him an “enemy” and comparing him to Trump’s trade nemesis President Xi Jinping of China. Not surprisingly, the markets plunged. 

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Why Here, Why Now? Why Did The United States Enjoy Dramatic Improvements In The Standard Of Living During The Last Century?

interview with Terry Anderson, John F. Cogan, Lee Ohanian, George P. Shultzvia Uncommon Knowledge
Monday, August 26, 2019

Hoover Institution economists John Cogan, Lee Ohanian, Terry Anderson, and George Shultz examine the causes for and the reasons behind so many improvements being made to the quality of life in the United States over the past century. They analyze the role that free markets, property rights, innovation, regulation, taxes, and national security played in these remarkable achievements.

Analysis and Commentary

Voters In Macau, Hong Kong’s Neighbor, Peacefully Elect A New Chief Executive

by Alvin Rabushkavia Thoughtful Ideas
Sunday, August 25, 2019

On August 25, 2019, Macau’s Election Committee, the territory’s 400 official voters, almost unanimously (392 or 98%) elected Ho Iat-seng, former president of Macau’s Legislative Assembly, as Chief Executive. Ho was the only candidate.

Analysis and Commentary

Asian Territorial Disputes And The 1951 San Francisco Peace Treaty: The Case Of Dokdo

by Thomas Schwartz, John Yoovia Chinese Journal of International Law
Thursday, August 22, 2019

This Article analyzes whether the 1951 San Francisco Peace Treaty, the only multilateral international agreement that draws borders in East Asia, resolves the longstanding dispute over Dokdo between Korea and Japan. It uses the dispute to draw larger lessons about the nature of the treaty that ended World War II in the Pacific and how it structured the peace in Asia differently from that in Europe. It uses U.S. archival material to reconstruct the history of the making of the Treaty, which continues to be the most significant international legal instrument governing post-WWII Asia.


Research Teams

The Working Group on Foreign Policy and Grand Strategy explores an array of foreign policy topics to develop orienting principles about the most important policy challenges that face the United States.

The Arctic Security Initiative addresses the strategic and security implications of increased Arctic activity and identifies opportunities for shaping a safe, secure, and prosperous Arctic.