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.
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When Adolf Hitler invaded Poland in 1939, Europeans had a long tradition of armed resistance to authority from which they could draw.
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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.
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Russia's occupation and annexation of the Crimean Peninsula in February and March have plunged Europe into one of its gravest crises since the end of the Cold War.
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Europeans love to celebrate anniversaries, especially those commemorating a terrible past overcome.
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Anyone who knows Polish history cannot help but marvel at the country's emergence from the ashes of its traumatic past.
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For much of last year, Turkey's economy seemed almost on top of the world. In May, as huge construction projects moved ahead, Ankara paid off its remaining debt to the International Monetary Fund, ending what seemed to many Turks a long history of humiliation.
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By all rights, Iceland -- a remote Arctic island inhabited by just 320,000 people -- should be a forgotten backwater. And for most of its history, it was.
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Seventy-five years after its conclusion, the Spanish Civil War can sometimes seem like a river of blood that led inexorably to the sea of horrors that was World War II.
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Europe's social democrats hoped that the 2008 economic meltdown would vindicate their politics and strengthen their hand. But they failed to see how badly they had damaged their brand by compromising on core principles during the previous two decades. To find their way forward, they must return to their roots.
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For decades, World War II suffused the hearts and minds of the American generation that experienced it as "the good war," in which Allied virtue eventually triumphed over fascist evil.
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Despite his innate caution and usually sound political instincts, British Prime Minister David Cameron is gambling with his country's future.
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To succeed in the twenty-first century, the European Union needs to move forward now toward greater integration. This is how to do it.
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Poland's minister of foreign affairs speaks with Foreign Affairs about his country's history, its future, and its place in Europe.
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Pope Benedict XVI made reaching out to other faiths and promoting Christian unity hallmarks of his tenure. Pope Francis will continue this work, not only because he has a history of facilitating religious dialogue, but also because global Catholicism requires it.
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Foreign policy realists have long found inspiration in the ideas of Lord Castlereagh, who served as British foreign secretary during and after the Napoleonic Wars.
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Somewhat overshadowed by his longtime ally, Prime Minister Recep Tayyip Erdogan, Turkish President Abdullah Gul has begun to carve out a more independent, progressive path.
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While the grim effects of the 2008 financial crisis still resonate across the globe, the recession wasn't all bad: it triggered fundamental economic restructuring, and the result is a U.S. economy poised to emerge stronger than it was before.
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With its commandments and parables, its kings and its prophets, the Hebrew Bible has served as a reference point for Western politics for centuries. Almost every kind of political movement, it seems, has drawn its own message from the text.
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After World War II, Europe began a process of peaceful political unification unprecedented there and unmatched anywhere else.
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