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Just as Julius Caesar crossed the Rubicon river, in spite of the warnings of the Roman Senate not to, so has Alex Tsipras, leader of the anti-austerity party, Syriza, decided to try to end austerity in Greece, in spite of Europe’s leaders saying he shouldn’t. Whether Tsipras will succeed is still unclear, but whatever happens, his victory represents a crucial turning point for Europe—a signal that time has run out on austerity policies.
We poll experts on whether they think that, for the United States, the benefits of the shale revolution outweigh the costs.
In late January, in the span of only a day, both Saudi Arabia and Yemen turned a new leaf. Ninety-year-old Saudi King Abdullah passed away and, earlier in Sanaa, Yemeni President Abd-Rabbu Mansour Hadi announced his resignation. For the Saudis, the change of power within Yemen may weaken the leverage they once had with Sanaa and signals the growth of an even larger threat: Iran.
Working women have long struggled to make their way in Japan, even in comparison to their counterparts in other advanced countries. But now many Japanese companies are acting to change that on their own—a shift that could provide a much-needed boost to the country's economy.
Talk of overturning austerity aside, Greece still needs the last 7.2 billion euro installment of the bailout to cover its financing gap. For the time being, then, the new government will need to abide by the program’s requirements—that is, the very combination of austerity and reform that Syriza has pledged to overturn. This may be enough to break the party.
The agreement reached between the Obama administration and the Cuban government is by any measure historic, necessary, and overdue. Yet as the diplomatic rubber hits the road and Cuba continues its precarious transition to a mixed economy, old disputes may take on new forms.
Abe’s economic revival is hardly going as planned. A consumption tax hike that he introduced in April triggered a recession over the following six months, prompting him to announce the delay of a second planned hike and to vow to dissolve the Japanese parliament.
An annotated Foreign Affairs syllabus on Kenya.
An annotated Foreign Affairs syllabus on the Caucasus.
Conventional wisdom says the state can best foster innovation by just getting out of the way. In fact, government has historically served not as a meddler in the private sector but as a key booster of it—and often a daring one, willing to take risks that businesses won’t.
Entrepreneurs drive innovation and dynamism, which in turn drive growth. So our lead package explores entrepreneurialism today—what it involves, what it accomplishes, and what can be done to spur and profit from it.
Twenty-five years after the fall of the Berlin Wall, critics say postcommunist reforms have failed. But the evidence says otherwise. Transition states in Europe and Eurasia have become normal countries -- no worse, and sometimes better, than other states at comparable levels of development.
Xi Jinping’s reforms are designed to produce a corruption-free, politically cohesive, and economically powerful one-party state with global reach: a Singapore on steroids. But there is no guarantee the reforms will be as transformative as the Chinese leader hopes.
With U.S. hegemony waning and no successor waiting to pick up the baton, the current international system will likely give way to a larger number of power centers acting with increasing autonomy. The post–Cold War order is unraveling, and it will be missed.
Korb argues that Iraqi politicians and American generals are to blame for the bungled withdrawal from Iraq. Brennan replies.
Responding to Mearsheimer's controversial essay blaming the West for the Ukraine crisis, McFaul and Sestanovich put the blame back on Putin and his ideological extremism, denying that NATO expansion provoked him. Mearsheimer replies.