Energy is a much more important driver of foreign affairs than so many other factors given much more attention. O'Sullivan demonstrates how the move from global energy scarcity to energy abundance is shaping the interests and strategies of governments around the world.
As China seeks to reorient the focus of its economy from investment and export to consumption, national security will become a more prominent strategic priority. The United States should recognize this shift and cooperate with China in its move toward a more sustainable growth path.
CFR’s Global Monetary Policy Tracker compiles data from 54 countries around the world to highlight significant global trends in monetary policy. Who is tightening policy? Who is loosening policy? And what is the policy stance of the world as a whole?