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Many believe that the financial crisis of 2008 represented a failure of the international economic system. Drezner argues the contrary: although the system did not prevent the crisis or the subsequent recession, it did avoid a catastrophe on the order of the Great Depression of the 1930s.
Republicans need to start taking foreign policy more seriously, thinking hard about the thorny task of managing a superpower and not leaving it as a plaything for right-wing interest groups. Failure to do so quickly could be catastrophic, ceding this ground to Democrats for the a generation at least.
On the evening of the final U.S. presidential debate, Foreign Affairs Managing Editor Jonathan Tepperman moderated a bipartisan panel discussion on the foreign policy issues facing the candidates.
In uncertain times, grand strategies are important because they help others interpret a country's behavior. Despite some missteps, the Obama administration has in fact developed such a strategy, and a good one. But it has done a terrible job explaining it, which defeats the whole purpose of the exercise.
This small gem of a book brings together academic experts and government veterans to reflect on how the United States, in the words of Secretary of State Dean Acheson, should "look ahead . . . to see the emerging form of things to come and outline what should be done to meet or anticipate them."
An annotated Foreign Affairs syllabus on economic sanctions.
Controversies over the war in Iraq and U.S. unilateralism have overshadowed a more pragmatic and multilateral component of the Bush administration's grand strategy: its attempt to reconfigure U.S. foreign policy and international institutions in order to account for shifts in the global distribution of power and the emergence of states such as China and India. This unheralded move is well intentioned and well advised, and Washington should redouble its efforts.
According to the election-year bluster of politicians and pundits, the outsourcing of American jobs to other countries has become a problem of epic proportion. Fortunately, this alarmism is misguided. Outsourcing actually brings far more benefits than costs, both now and in the long run. If its critics succeed in provoking a new wave of American protectionism, the consequences will be disastrous -- for the U.S. economy and for the American workers they claim to defend.