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China’s just-announced nearly $600 billion stimulus package is almost certainly overkill for China’s needs—China’s domestic demand expansion this year is too strong to warrant this much money spent any time soon. But the stimulus announcement is just in time to give a needed lesson to the U.S. government about what an effective stimulus package might look like.
The incoming Obama administration faces a variety of challenges and opportunities in China and Asia more broadly. Many in Asia have assessed Barack Obama's presidential victory as a mandate for a more thoughtful, engaging American foreign policy.
Barack Obama's success in the 2008 presidential election is testimony to the "post-racial" campaign he ran and to voters' preoccupation with a sinking economy. But it also shows the extent to which race is no longer the great dividing line in American politics.
Jessica T. Mathews on Obama's victory, transatlantic cooperation and U.S. foreign policy during the next administration.
Erosion of U.S. authority in the nonproliferation regime has imperiled U.S. national security and its ability to pursue its security objectives, particularly those related to nonproliferation. The next U.S. administration has an opportunity to reclaim leadership and rebuild the dangerously damaged nonproliferation regime, but only if it better understands the views of non-nuclear-weapon states.
The election of Barack Obama as President means that he now joins President Dmitry Medvedev as the first post-baby boom leaders of their respective nations. Because the two leaders are so clearly of a new generation, they have the most opportunity to finally succeed in breaking the old patterns of distrust and disengagement between the United States and Russia.
In addition to being a turning point for American society, Barack Obama’s election as president also brings the country great opportunity on the global stage. Joining three other historians to discuss the recent election, Robert Kagan highlights Obama’s popularity abroad and expresses hope that the president-elect can use this to his advantage in the foreign policy realm.
The global financial crisis is too pressing for the next administration to wait until January to address. President-elect Obama must re-assess the international financial infrastructure, and decide whether an institutional solution would be more effective than the current ad hoc collaboration.
David Rothkopf on how the financial crisis will lead the Obama administration to emphasize multilateralism.
The burst of diplomatic activity that the Middle East has witnessed in recent months frequently deviated from Washington's policy guidelines, underscoring the decline in American influence in the region.The new U.S. administration will need a new and more constructive approach to handling the various issues of the Middle East.
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