International Economic Relations

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Increased international trade, and the lowering of barriers to such trade, frequently results in improved international relations, but it can also lead to trade wars and tariff disputes. RAND research explores bilateral and multilateral economic relations; describes how they affect global alliances, globalization, and the economic health of nations; and recommends methods to develop, encourage, and maintain these relations among diverse nations and cultures.

  • China yuan banknote on China flags and U.S. dollar banknote on United States flags, photo by Dilok Klaisataporn/Getty Images

    Commentary

    A Civilian U.S. 'Joint Chiefs' for Economic Competition with China?

    China's aggressive activities are presenting a serious, sustained challenge to the international order. To position itself for this new era, the United States could create a civilian equivalent to the Joint Chiefs of Staff with a mandate to manage the expanding role of U.S. civilian departments in geopolitical and economic competition.

    Apr 24, 2023

  • An employee walks past a part of Gazprom's Power Of Siberia gas pipeline at the Atamanskaya compressor station outside the far eastern town of Svobodny, in Amur region, Russia, November 29, 2019, photo by Maxim Shemetov/Reuters

    Commentary

    Consequences of the War in Ukraine: The Economic Fallout

    Before Russia invaded Ukraine, projections estimated global economic growth in 2022 would be around 5 percent. But the war in Ukraine contributed to slowed economic growth in 2022 and a slowed recovery from the COVID-19 pandemic. What are the broader consequences for the global economy?

    Mar 7, 2023

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  • People gather around remains of a military plane at the site where it crashed into a residential building in the city of Irkutsk, Russia, October 23, 2022, photo by Stringer/Reuters

    Commentary

    Russian Aircraft Keep Crashing. Could Sanctions Be the Cause?

    At least six fixed-wing Russian aircraft have crashed over Russian-controlled airspace since September. Sanctions placed on Russia by the West could well be affecting Russia's ability to manufacture and maintain parts needed to keep aircraft safe.

    Nov 22, 2022

  • U.S. President Joe Biden delivers remarks at the U.S.- Pacific Island Country Summit at the State Department in Washington, D.C., September 29, 2022, photo by Jonathan Ernst/Reuters

    Commentary

    America's Pacific Island Summit: The Good, the Bad, and the Ugly

    The United States hosted its first Pacific Islands Summit in September. Pacific Island leaders and observers from over a dozen states participated in the event and pledged to jointly tackle various challenges. But this historic summit was hardly an absolute success, and should be put within its proper context.

    Nov 7, 2022

  • Russian Su-35 fighter aircraft taking part in an exercise after taking off from an airfield in Brest, Belarus, February 11, 2022, photo by Ministry of Defense of the Russian Federation/Reuters

    Commentary

    Russia's Su-35: Are Its Military Aircraft Exports Headed for a Fall?

    Squeezed by sanctions and pressed to replace equipment destroyed in Ukraine, Russia's aerospace sector isn't likely to have combat aircraft to sell, even if it wants to. If purchasing countries start to change their minds and invest in drones and other less-expensive precision guided munitions, the market for Russian combat aircraft might start to rapidly decline.

    Oct 20, 2022

  • Attendees pose for a family photo during the Security and Development Summit in Jeddah, Saudi Arabia, July 16, 2022, photo by Balkis Press/ABACA/Reuters

    Commentary

    American Investment in Mideast to Stay Focused on Larger Economies Amid Ukraine War

    China is often viewed as the economic powerhouse in the Middle East, but the United States has extensive trade, investment, and financial links. U.S. economic involvement in the Middle East is likely to stay focused on larger markets in line with economic growth, without dramatic shifts in location or magnitude.

    Sep 30, 2022

  • RAND Weekly Recap

    Blog

    National Security After Roe, Women Veterans, COVID-19's Lasting Effects: RAND Weekly Recap

    This weekly recap focuses on how overturning Roe could affect national security, supporting women veterans, responding to the next pandemic, and more.

    Sep 16, 2022

  • Rosneft boss Igor Sechin's yacht Amore Vero , which was seized by French authorities, in La Ciotat harbor, in the south of France, March 4, 2022, photo by Florian Escoffier/ABACA/Reuters

    Commentary

    Sanctioning Business Leaders in Russia

    Western sanctions are ensnaring more Russian business leaders, some of whom say they are unjustly targeted. Can those in the private sector reduce their risks of being designated? Perhaps, if they make difficult choices.

    Sep 12, 2022

  • A Japan Ground Self Defense Force soldier (left) and a U.S. Army soldier (right) salute the Japanese and U.S. flags during the opening ceremony of Rising Thunder 2021 at Yakima Training Center, Washington, December 1, 2021, photo by Spc. Dean Johnson/U.S. Army

    Report

    Economic Benefits of U.S. Alliances and Military Engagement

    Decisions about alliances and forward military presence should be based on a range of factors beyond potential economic benefits. But there is evidence that military engagement has historically helped the U.S. economy by promoting international commerce.

    Sep 1, 2022

  • A suspected missile is fired, in this image released by North Korea's Korean Central News Agency (KCNA) on March 22, 2020, photo by KCNA/Reuters

    Multimedia

    North Korean Sanctions Evasion

    The United Nations imposed increasingly restrictive sanctions on North Korea after each of the six nuclear weapons tests that it conducted between 2009 and 2016. In this film, experts discuss the threats posed by North Korean proliferation and the importance of enforcing sanctions.

    Aug 15, 2022

  • RAND Weekly Recap

    Blog

    Gun Storage, the Dangers of Replacement Theory, War in Ukraine: RAND Weekly Recap

    This weekly recap focuses on how Americans store their guns, why

    Jul 15, 2022

  • A student listens through headphones to an exercise in a Spanish class in Steveange, UK, photo by Ian Miles/Flashpoint Pictures/Alamy

    Essay

    The Economic Returns of Foreign Language Learning

    If just 10 percent more students in the United Kingdom mastered Arabic, Mandarin, French, or Spanish, the economic returns could be measured in billions of British pounds. Removing the language barrier reduces trade costs.

    Jul 7, 2022

  • An employee works as grains are loaded in a special transport cargo bound for Egypt, in the Black Sea port of Constanta, Romania, May 11, 2022, photo by Olimpiu Gheorghiu/Reuters

    Commentary

    Unblocking the Black Sea for Ukrainian Grain

    As Russia has been blockading ports around Odesa, Ukrainian grain exports in May were more than 60 percent lower than a year ago. Global hunger has hit a new high while 22 million tons of grain in Ukraine could rot if not exported soon.

    Jun 15, 2022

  • People stand in line in front of Huawei's new flagship store, as it officially opens in Shanghai, China, June 24, 2020, photo by Aly Song/Reuters

    Report

    Business Community Support for U.S. Policies Toward China

    Policies implemented by the Trump administration were designed to confront China over its problematic behaviors, such as theft of technology and intellectual property. U.S. businesses agreed with the policies, but questioned some of the tactics used. How can Washington address corporate concerns and still compete against China?

    May 16, 2022

  • Ukrainian national flags fly over graves of fallen soldiers at a cemetery in Kharkiv, Ukraine, March 24, 2022, photo by Thomas Peter/Reuters

    Commentary

    Geostrategic Consequences of Russia's War Against Ukraine

    After two months of fighting in Ukraine, some longer-term geostrategic consequences are coming into focus. Russia may emerge as a massive loser. Perhaps not since the collapse of the USSR has European security been so challenged. But Ukraine and its Western partners are showing that aggression in Europe may not pay.

    Apr 26, 2022

  • Building cranes and power lines connecting high-tension electricity pylons next to a construction site in Kyiv, Ukraine, July 10, 2020, photo by Valentyn Ogirenko/Reuters

    Commentary

    Rebuilding Ukraine

    By leveraging better investment conditions and reforms and broad international support, Ukraine could carry out a well-executed reconstruction program once the fighting ends. It might repair much of the war damage and help Ukraine move into the ranks of faster-growing European economies.

    Apr 18, 2022

  • Natural gas compressor station in Rippien, Sachsen, Germany, March 29, 2022, photo by Sylvio Dittrich/IMAGO/Reuters

    Commentary

    Russia Does Not Seem to Be After Ukraine's Gas Reserves

    There seems to be very little reason to believe that the true stakes of the war in Ukraine are the country's natural gas reserves, as some have speculated. Ukrainian gas fields appear too small to justify the costs of the invasion, too hard to keep, and almost impossible for Russia to exploit.

    Apr 11, 2022

  • People walk in Red Square on a sunny day in Moscow, Russia, March 30, 2022, photo by Maxim Shemetov/Reuters

    Commentary

    Russia and Ukraine: The Economic Consequences of Peace

    Amid some hopeful signs in Russian-Ukrainian ceasefire talks, it may be useful to keep in mind that the West could gain substantial economic leverage to influence outcomes during and after Russia's war against Ukraine. How it uses this leverage could have far-reaching consequences.

    Apr 8, 2022

  • Russian President Vladimir Putin shakes hands with Pakistan's Prime Minister Imran Khan during a meeting in Moscow, Russia, February 24, 2022, photo by Mikhail Klimentyev/Sputnik/Reuters

    Commentary

    Why Most of the Indo-Pacific Tiptoes Around Russia

    Since the start of Russia's increasingly brutal war in Ukraine, the West has ramped up pressure on the rest of the world to condemn Moscow's belligerence and join sanctions against Russia and its regime. In the vast Indo-Pacific region, however, the West's message has fallen flat.

    Apr 7, 2022

  • A street in Moscow, Russia, April 26, 2020, photo by Latin America News Agency/Reuters

    Commentary

    Russia's Tragic Failure to Reform Its Economy

    Russia's invasion of Ukraine and resulting sanctions will likely devastate Russia's economy. If the country had taken a more productive economic course over the past two decades, it might be looking toward a different future—one in which economic reforms had more tightly integrated Russia with the economically advanced countries, enhanced Russian influence and power, and built global trust.

    Apr 7, 2022

  • The U.N. Security Council meeting room at the United Nations in New York City, March 11, 2022, photo by Carlo Allegri/Reuters

    Commentary

    Is There a Future for Multilateralism?

    The rise in the use of informal arrangements and the proliferation in the use of regional arrangements have weakened multilateral institutions. Multilateralism's failure, if it happens, could raise significant challenges on how to address global public issues.

    Apr 4, 2022

  • Officers of the Vietnamese Marine Guard monitor a Chinese coast guard vessel in the South China Sea, about 130 miles offshore of Vietnam, May 15, 2014, photo by Nguyen Minh/Reuters

    Research Brief

    How and Why China Uses Gray Zone Tactics

    China uses a variety of gray zone tactics—coercive actions that are shy of armed conflict but beyond normal diplomatic and economic activities—to advance its objectives, particularly in the Indo-Pacific. Which tactics should the United States prioritize countering?

    Mar 30, 2022

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