Foreign Affairs

 

Foreign Affairs

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The Unraveling

Author: Richard N. Haass

With U.S. hegemony waning and no successor waiting to pick up the baton, the current international system will likely give way to a larger number of power centers acting with increasing autonomy. The post–Cold War order is unraveling, and it will be missed.

See more in Global; United States; Global Future Trends

Vindicating Volatility

Authors: Michael A. Levi and Robert McNally

While oil prices over the last three years were the smoothest in decades, volatility is back and here to stay argue Michael Levi and Robert McNally. Levi and McNally explain how price fluctuations, rather than high prices, endanger global economic growth.

See more in Global; Oil

China’s Imperial President

Author: Elizabeth C. Economy

Xi Jinping's reforms are designed to produce a corruption-free, politically cohesive, and economically powerful one-party state with global reach: a Singapore on steroids. But there is no guarantee the reforms will be as transformative as the Chinese leader hopes, says Elizabeth Economy.

See more in China; Presidents and Chiefs of State

Taper Trouble

Author: Benn Steil

Benn Steil's essay in the July/August issue of Foreign Affairs looks at the international consequences of U.S. monetary policy action. He argues that developing-nation governments are coming to see the need for engineering current-account surpluses and large dollar-reserve stockpiles as a means of insulating themselves against Fed-induced capital-flow whiplash. As this amounts to "currency manipulation" in the eyes of U.S. policymakers, trade tensions are apt to grow.

See more in Ukraine; United States; Monetary Policy; International Finance

What Really Happened in Iran

Author: Ray Takeyh

Back in 2009, during his heavily promoted Cairo speech on American relations with the Muslim world, U.S. President Barack Obama noted, in passing, that "in the middle of the Cold War, the United States played a role in the overthrow of a democratically elected Iranian government."

See more in Iran; Regime Changes

What Really Happened in Congo

Author: Stephen R. Weissman

It didn't take long for Congo's transition from Belgian colony to sovereign state to turn ugly. Both the Soviet Union and the United States were keeping a close eye on the mineral-rich country at the heart of Africa when, on June 30, 1960, it gained independence under a democratically elected government headed by Prime Minister Patrice Lumumba.

See more in Congo, Republic of; Regime Changes

What Really Happened in Chile

Author: Jack Devine

On September 9, 1973, I was eating lunch at Da Carla, an Italian restaurant in Santiago, Chile, when a colleague joined my table and whispered in my ear: "Call home immediately; it's urgent." At the time, I was serving as a clandestine CIA officer.

See more in Chile; Regime Changes

New World Order

Authors: Erik Brynjolfsson, Andrew McAfee, and Michael Spence

Recent advances in technology have created an increasingly unified global marketplace for labor and capital. The ability of both to flow to their highest-value uses, regardless of their location, is equalizing their prices across the globe.

See more in United States; Labor

The Case for Net Neutrality

Author: Marvin Ammori

For all the withering criticism leveled at the White House for its botched rollout of HealthCare.gov, that debacle is not the biggest technology-related failure of Barack Obama's presidency.

See more in United States; Internet Policy

Managing the New Cold War

Author: Robert H. Legvold

No one should casually label the current confrontation between Russia and the West a "new Cold War." After all, the current crisis hardly matches the depth and scale of the contest that dominated the international system in the second half of the twentieth century.

See more in Global; Conflict Assessment

The State of the State

Authors: John Micklethwait and Adrian Wooldridge

The state is the most precious of human possessions," the economist Alfred Marshall remarked in 1919, toward the end of his life, "and no care can be too great to be spent on enabling it to do its work in the best way."

See more in United States; Organization of Government

Voodoo Abenomics

Author: Richard Katz

Imagine the predicament currently facing a growing number of Japanese men in their early 30s. Despite having spent years cramming in high school and attending good colleges, many can't find a full-time job at a good company.

See more in Japan; Competitiveness

Indonesia in Pieces

Author: Elizabeth Pisani

In April, voters in Indonesia's parliamentary elections shocked many observers, confounded most pollsters, and seemed to set back their own long-term interests by failing to deliver a massive victory to the main opposition party, the Indonesian Democratic Party of Struggle.

See more in Indonesia; Financial Crises

Bombs Away

Authors: Barry Blechman and Russell Rumbaugh

In 1991, U.S. President George H. W. Bush decided to retire almost all the tactical nuclear weapons operated by the U.S. Army and the U.S. Navy.

See more in United States; Defense Strategy

All in the Family

Author: Joseph S. Nye Jr.

Who caused the Cold War? In War and Peace, Leo Tolstoy downplayed the role of human agency in shaping events, writing that "a king is history's slave," and ever since Thucydides chronicled the Peloponnesian War, historians have recognized how the international system constrains choices in a bipolar world.

See more in United States; Organization of Government