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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
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
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
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
On November 13, 1970, a devastating cyclone struck East Pakistan, a province dominated by the Bengali ethnic group and physically separated from the rest of Pakistan by India
See more in Bangladesh; Peace, Conflict, and Human Rights
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
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
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
Soon after the Soviet Union's collapse in 1991, Western leaders began to think of Russia as a partner.
See more in Russia and Central Asia; Politics and Strategy
Over the past three years, the world has witnessed a surge of nonviolent resistance movements.
See more in Middle East and North Africa; Peace, Conflict, and Human Rights
At their summit in California last June, U.S. President Barack Obama and Chinese President Xi Jinping committed themselves to building trust between their countries.
See more in China; United States; Conflict Prevention
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
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
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
When Kim Il Sung, North Korea's founding ruler, died in 1994, many outside observers predicted that his state would die with him.
See more in North Korea; South Korea; Nation Building
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
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
On the way back from a recent visit to Ukraine, I found myself flying Aeroflot, Russia's national airline. I've always liked Aeroflot's international flights: the planes are new, everything's clean, and maybe because of the airline's less-than-stellar reputation, the crew always seems to be trying extra hard to please.
See more in Russian Federation; Organization of Government
When Adolf Hitler invaded Poland in 1939, Europeans had a long tradition of armed resistance to authority from which they could draw.
See more in Germany; Peace, Conflict, and Human Rights
While the Transatlantic Trade and Investment Partnership (TTIP) would stimulate growth and revitalize the Western democracies, the agreement could potentially have significant geopolitical downsides, argues Charles Kupchan.
See more in United States; Europe; Trade