
While the obsession with global rebalancing stokes currency and protectionist tensions, it diverts attention from what is really needed—reforms at home.

Chinese growth may continue at a rapid pace this year, but a growing liquidity-induced bubble will eventually require major reforms.

With European governments considering defense spending cuts and NATO preparing to implement its new strategic concept, transatlantic security cooperation is in a considerable state of flux.

Despite the recent optimism in Europe, evidence that countries are dealing adequately with the underlying causes of the euro crisis remains scarce. For the European rescue to succeed, leaders must focus on structural problems, not just fiscal ones.

The EU, which has worked for decades on North Africa’s development, must step up its efforts to bolster the region’s private sector and dismantle its own agricultural protectionism.

Despite their immense differences, both Cuba and Europe must enact profound changes to their economic models. If they are unable to do so, both are doomed to fail.

Chinese economic growth in 2011 will likely resemble that of 2010, while European debt struggles continue and the United States slowly readjusts. However, China's underlying structural imbalances will lead to a sharp slowdown in its growth in 2012 and beyond.

The recent emphasis on global economic rebalancing stokes current tensions and contributes to protectionist sentiment while diverting attention away from what is really needed—domestic reforms in the world’s largest economies.

Russia’s supply of natural gas could hold the answer to Europe’s energy challenge, but a successful partnership between Russia and Europe will require greater mutual trust.

Achieving a genuinely collaborative approach to missile defense would address a common threat to the Euro-Atlantic region and help remove the misgivings that are blocking progress toward a common security space.