Concern over ballistic missiles should not be the impetus for withdrawing from the Iran nuclear deal. Ballistic missiles were intentionally left out of the deal because of the lack of international consensus.
The influence of U.S. sanctions derives from America’s central position in international finance—particularly its control over the invisible plumbing that allows money to move around the world.
Donald Trump and Brexit were only two visible manifestations spurred in part by the revolt of the middle classes in rich countries, and the furies of middle class in poor and middle-income countries are also boiling, with unpredictable consequences.
Trump could either seek to enhance the United States’ position in the current international order or pursue U.S. interests defined in more narrow, neo-mercantile terms.
Because the Indo-Pacific region promises to become the new center of gravity in global politics, its security problems intimately affect the safety, prosperity, and international position of the United States, as well as the wellbeing of its allies.
Bilateral trade balances alone aren’t an accurate reflection of a country’s economic strength.
Russia faces bleak economic prospects for the next few years. It may be a case of managed decline in which the government appeases social and political demands by tapping the big reserves it accumulated during the boom years with oil and gas exports. But there is also a smaller possibility of a more serious economic breakdown or collapse.
China’s place in the East Asian production chain distorts trade data to make it seem like the country responsible for the U.S. trade deficit. This is not the case.
It could well be that while politicians dithered over possible solutions on how to pay for an aging society, medicine, and the marketplace came up with another idea—having an aging society help pay for everyone else.
Despite India’s impressive economic growth rates in the mid-2000s, the long-term magnitude and sustainability of this progress remains uncertain.