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What Are Economic Sanctions?
In this free resource on sanctions, learn how countries use punitive economic measures to advance their foreign policy priorities.
Reading
Why Do Taxes Matter?
What are the different types of taxes and how does a government's ability to collect tax revenue shape a country's economic and social development? 
Lesson Plan
Trade: Policy
Grade Level
High School
  • Students will analyze how trade can be used as part of foreign policy.
  • Students will simulate trading under different kinds of trade rules and then reflect on the advantages and disadvantages of each set of rules.
Lesson Plan
Trade: Introduction
Grade Level
High School
  • Students will examine free trade and how globalization factors into the production of common items like clothing.
  • Students will write a letter providing a recommendation on where to manufacture an item along with the reasons behind their argument.
Lesson Plan
Monetary Policy: Economic Statecraft
Grade Level
High School
  • Students will debate the use of various economic tools as part of achieving foreign policy goals in hypothetical situations.
Lesson Plan
Trade: Trade Wars and China
Grade Level
High School
  • Students will understand what a trade deficit is as well as the impact they can have on countries.
  • Students will debate the pros and cons of trade between the U.S. and China using the history of Chinese accession in the WTO as a lens.
Book Guide
The Globalization Myth: Why Regions Matter

In The Globalization Myth: Why Regions Matter, CFR Vice President, Deputy Director of Studies, and Nelson and David Rockefeller Senior Fellow for Latin America Studies Shannon K. O'Neil offers a powerful case for why regionalization, not globalization, has been the biggest economic trend of the last forty years.