Foreign Policy Blogs

Rising Powers

Neutrality is No Longer an Option

Neutrality is No Longer an Option

Photo: POOL/Reuters
As a founding member of the United Nations in 1945 and as one of the five permanent members of the UN Security Council, China has sometimes drawn criticism for the use of its veto to forestall other nation’s interference in the affairs of its allies. Recently, Beijing was …

read more

Can Latin America handle another global shock?

Can Latin America handle another global shock?

A decoupling of emerging markets from the struggling developed world is a myth, as we saw in 2011 when euro and US shocks caused a sell-off in EM currencies, including in Latin America. Next year could be rough as global growth slows. Countries from Brazil to China are rushing to …

read more

Debt Dynamics: Who is Most at Risk?

Debt Dynamics: Who is Most at Risk?

The debt dynamics equation was in the past of interest only to sovereign credit analysts (such as this blogger) and macro policy wonks.  Now, more people want to know about it.  You can generate such an equation that is elaborate or not, but the gist is the following:  The primary budget surplus, that is, government …

read more

China’s Princelings and the CCP

China’s Princelings and the CCP


If you are one of the few to hold a high place in the Chinese Communist Party life has to be good. You are running one of the world’s greatest powers and you don’t have to worry about elections next Fall, or the next …

read more

Iran: Forgotten No More

Iran: Forgotten No More


Iran is back in the news again: bungled attempt to kill Saudi Arabia’s ambassador to the US on American territory, IAEA’s upcoming report which is expected to detail how the Islamic Republic is working toward a nuclear weapon’s program, President Ahmadinejad’s growing feud with …

read more

United States Watching China in Africa

United States Watching China in Africa

The Wall Street Journal recently ran a piece detailing some of the methods behind China’s expansion into the African continent. The informative article not only does a nice job detailing specific cases of African and Chinese government business partnerships, but ties …

read more

Turkey: Turning to the East

Turkey: Turning to the East


When eminent scholar Walter Russell Mead tackles a subject he does not do it on the cheap. One of his latest long articles attempts to discern the current trajectory of Turkey’s foreign policy …

read more

Time to Applaud the TARP

Time to Applaud the TARP


The TARP covered banks across the nation

The US government’s Troubled Asset Relief Program (TARP) was such a success that it not only saved America’s financial system, with the help of the Federal Reserve, it …

read more

The Federal Reserve’s Balance Sheet

The Federal Reserve’s Balance Sheet


The Federal Reserve Board

With right-wing Republican presidential candidates these days either calling for the Fed to be abolished (Ron Paul) or simply calling the nation’s central bank “treasonous” (Rick Perry), thinking citizens should at least be concerned about the Fed’s activities. …

read more

Unasur and Banco del Sur

Unasur and Banco del Sur


The Union of South American Nations

Will the Union of South American Nations (Unasur) and its monetary fund, Banco del Sur, be successful?
It has been difficult for emerging markets to diversify their sources of balance of payments (BOP) support. During the 1997-98 …

read more

A View on Europe

A View on Europe


The following post is an edited version of an article that appeared in the Jerusalem Post earlier this month by Pinchas Landau, author of The Landau Report, a newsletter and consultancy service addressing the needs of foreign firms and financial institutions …

read more

China’s View of America and Europe’s Debt and Their Efforts To Get It Under Control

China’s View of America and Europe’s Debt and Their Efforts To Get It Under Control

With America’s latest market crash, the debt debate seems so ‘last week’ (hey, it was last week!), there is still much to learn from the tumultuous process. Niall Ferguson attempts to provide an outside perspective on the whole debt limit battle. It’s …

read more

Iran-Al Qaeda: Partners After All

Iran-Al Qaeda: Partners After All

It’s not exactly yellow cake, but the Wall Street Journal reported yesterday that the US Treasury Department accused Iran of aiding and partnering with Al Qaeda:
The U.S. for the first time formally accused Iran of forging an agreement with al Qaeda, …

read more

A Rising China: Two Perspectives

A Rising China: Two Perspectives

I just spent my Saturday morning doing some solid nerding. By that I mean, I read two great articles about that rising behemoth, China. The first was ‘China’s Bumpy Road Ahead by international consultant and geopolitical analyst Ian Bremmer. Bremmer, has …

read more

The Challenged American Liberal World Order

Preeminent international relations scholar G. John Ikenberry’s article ‘A World of Our Making‘ is his latest piece defending and promoting the extension of the liberal world order. Ikenberry is a strong believer in international norms and institutions that have been …

read more