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.
President Obama’s trip to Brazil provides an opportunity for the two countries to reestablish their relationship, setting the stage for future agreements on trade, infrastructure, and foreign policy, says expert Matias Spektor.
Despite turbulence in financial markets, Japan’s multiple disasters will likely not have a major global economic impact, and reconstruction will provide a boost to the Japanese economy in the long term, says CFR’s Sebastian Mallaby.
An extraordinary series of events has caused Japan’s nuclear crisis but it appears backup safety systems were flawed, says nuclear expert Charles Ferguson. He expects the disaster to slow some nuclear projects elsewhere but not cause a wholesale stoppage.
China’s new five-year work plan has a familiar list of growth and energy targets, an emphasis on technology investments, and special concerns about resource constraints and corruption, says CFR’s Elizabeth Economy.
Oil price shocks spurred by Mideast events are unlikely to derail the U.S. economic recovery, says CFR Distinguished Visiting Fellow Michael Spence. But bigger shifts in the global economy will hit U.S. unemployment, income inequality, and capital costs, he says.
In contrast to other Mideast states, economic pressures are less likely to topple Iran’s regime, says expert Suzanne Maloney. Stronger repressive forces and the impact of international sanctions may strengthen the government, she argues.