Global Governance

Article

Will Brexit Affect U.S. Consumer Confidence? The Outcome May Determine Our Next President

Authors: Benn Steil and Emma Smith
PBS NewsHour

Benn Steil’s June 24 op-ed on the PBS NewsHour Making$ense site, co-authored with Emma Smith, shows the strong relationship between consumer confidence and presidential elections going back to 1952. Current readings suggest an 80% chance of a Clinton victory, but the Brexit aftermath threatens to knock that down significantly.

See more in United States; United Kingdom; Elections; International Organizations and Alliances

Article

Britain’s Awful Vote May Be a Tipping Point

Author: Sebastian Mallaby
Washington Post

The British vote to leave the European Union may come to be seen as a tipping point in global politics, perhaps more consequential than anything since the fall of the Berlin Wall. It may mark the moment when Europe comes face to face with its own constitutional dysfunction, when the idea of the “West” finally ceases to be plausible and when the United States is confirmed in its sense that its interests lie more in Asia than in its traditional Atlantic sphere of influence.

See more in United Kingdom; Treaties and Agreements

Foreign Affairs Article

Ministering Justice

Author: Ayelet Shaked

Ayelet Shaked is a relative new­comer to Israeli politics. Shaked, 40, served as Benjamin Netanyahu’s office manager before breaking with the prime minister and joining Naftali Bennett’s Jewish Home party in 2012 and then winning election to the Knesset in 2013. Following the 2015 election, Shaked was named Israel’s minister of justice. 

See more in Israel; Rule of Law

Article

Brexit in Context

Author: A. Michael Spence
Project Syndicate

I do not believe that foreigners contribute usefully by issuing strong opinions about how a country’s citizens, or those of a larger unit like the European Union, should decide when faced with an important political choice. Our insights, based on international experience, may sometimes be helpful; but there should never be any confusion about the asymmetry of roles.

See more in United Kingdom; International Organizations and Alliances

Op-Ed

Why Brexit Alarms Britain’s Baltic Allies

Author: Max Boot
Washington Post

The world is transfixed by Britain’s referendum Thursday over whether to stay in the European Union. Some of the most interested and anxious spectators of the “Brexit” debate are in the Baltic republics, where I recently spent a week meeting with political and military leaders as part of a delegation from the Jamestown Foundation.

See more in United Kingdom; International Organizations and Alliances

Op-Ed

The Economic Shock of a ‘Brexit’

Author: Sebastian Mallaby
Washington Post

For the first time since the start of Britain’s referendum fight over Europe, the polls predict “Brexit.” The four most recent national surveys put the “Leave” side ahead with margins of between one and 10 percentage points. Most people, including many disaffected Britons who want to shake up the system by backing a Brexit, understand that this would mean a political and economic shock. But they underestimate its severity.

See more in United Kingdom; International Organizations and Alliances; Economics

Article

E.U. Referendum Exposes Britain’s Political Decay

Author: Sebastian Mallaby
Washington Post

An isolationist bent to British politics, what Sebastian Mallaby refers to as “little Englandism,” is not new to the British political tradition. While this perspective has long been counter-balanced by a Gladstonian internationalism, debates around Brexit have been conspicuously devoid of such idealism, speaking in a language that appeals only to pocketbooks rather than to common decency.

See more in United Kingdom; International Organizations and Alliances; Politics and Strategy

Other Report

Challenging Multilateralism and the Liberal Order

While globalization has intensified the need for global cooperation, the current global order is fraying. New forms of competition are making international cooperation more difficult and will continue to do so. The sixth Princeton workshop on global governance convened scholars and former policymakers to examine the state of global governance and consider how to correct its shortcomings. 

See more in Global Governance; Diplomacy and Statecraft; Global

Other Report

China’s G20 Challenge

China’s leadership of the Group of Twenty (G20) in 2016 comes at a moment when the role of the G20 itself is being challenged. CFR's Maurice R. Greenberg Center for Geoeconomic Studies and the Asia Global Institute convened a workshop in Hong Kong to assess the agenda facing the G20, why the group had fallen short of expectations in recent years, and whether China’s leadership in 2016 provides an opportunity for renewal. 

See more in China; Economics; International Organizations and Alliances