oday’s Russia is a strange paradox. The country and its people are better off than at any time since at least the Bolshevik Revolution. But its great financial wealth coexists with remarkable weakness. True, it still has a large army and a nuclear arsenal capable of ending life on Earth. But by most measures of modern power, Russia is a lightweight. It has almost no influence in the world […]
Four years ago world leaders, meeting in the G20 crisis session, agreed they would all work to move from recession to growth and prosperity. They agreed to a global growth compact to be delivered by combining national growth targets with coordinated global interventions. It didn’t happen. After the $1 trillion stimulus of 2009, fiscal consolidation became the established order […]
On Monday, as Barack Obama is sworn in again as President, his allies in the West will ask themselves the same nervous question they posed four years ago: how much does he care about us? The British, in particular, are worried. War looms in Mali, yet Washington seems happy to let the French take charge, […]
Any look back at 2012 would necessarily focus on three parts of the world: the eurozone, with its seemingly endless financial uncertainties; the Middle East, with its many upheavals, including, but hardly limited to, the Muslim Brotherhood’s accession to power in Egypt and Syria’s savage civil war, which has already claimed more than 60,000 lives; […]
One year has passed since Russia awakened. A negative trend had dominated the past 12 years in Russia: The number of freedoms decreased while abuses of the Kremlin‘s power increased. This was largely met by indifference among the people. But in December 2011, that indifference ended with the beginning of the protest movement. The country was set on a new path that will lead to either the overthrow of the regime […]
The World Bank cut its global growth forecast for this year as austerity measures, high unemployment and low business confidence weigh on economies in developed nations. The Washington-based bank projects the world economy will expand 2.4 percent, down from a June forecast of 3 percent, after growing 2.3 percent in 2012. It halved its forecast for Japan, cut […]
“We are moving away from a U.S. – or Europe-led world to a world led by China,” writes Stephen King, Chief Global Economist at HSBC in a report. HSBC’s Emerging Market Index for the last quarter of 2012 tells investors to think of the global economy in terms of “two separate narratives.” The first is the “old world” […]
On this, the 100th birthday of Richard Nixon, the slogan from his first campaign for Congress is the salient fact: “One of us.” His dreams were ours — and so, in the end, were his sins. The life of no president says more about this country. Nixon’s accomplishments sing of the finest American attributes — […]
A QUESTION haunts America: Is it in decline on the world scene? Foreign-policy discourse is filled with commentary declaring that it is. Some—Parag Khanna’s work comes to mind—suggests the decline is the product of forces beyond America’s control. Others—Yale’s Paul Kennedy included—contend that America has fostered, at least partially, its own decline through “imperial overstretch” […]
THE denouement of the fiscal-cliff drama, unsurprisingly, ended up with a vote that split Republicans in the House. John Boehner, Paul Ryan and 83 other GOP representatives joined 172 Democrats in voting to pass the compromise bill crafted in the Senate that will raise taxes on income over $400,000 for individuals and $450,000 for couples. Just […]
looking beyond borders 