Video Brief: The Global Economy

December 15, 2011

Video Brief: The Global Economy
Explainer Video
from Video and Transition 2012

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Elections and Voting

United States

The next U.S. president will have to navigate between grand ambition and the realities of the world economy, says CFR international economics expert Sebastian Mallaby. "American share of output is shrinking and America’s power is shrinking," Mallaby notes, "and looking into the future for the next presidency, it’s likely to fall even more." As a result, he says, "the name of the game is going to be to form alliances, to work with multilateral institutions, and to walk more softly." This video is part of a special Council on Foreign Relations series that explores the top foreign policy issues debated in the run-up to the 2012 elections.

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If the President wants to use an arms build-up to advance arms control, he should take his cues from the Reagan record.

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The Gulf nation’s ground troops have cultivated alliances in Yemen with local armed groups, but its ability to shape the civil war’s outcome is limited.

U.S. Foreign Policy

U.S. competition with China continues to intensify, but rather than adopting a strategy of containment, the United States should respond by reinforcing its relationships with allies and leveraging China's desire for stability to discourage disruptive behavior.