As international integration deepens and the global trading system becomes increasingly more complex, the WTO can take important steps to not only promote trade liberalization, but also to reaffirm its role as the ultimate regulator of global trade.
The modest, verifiable reductions set out in New START do not raise hard questions about the adequacy of the U.S. deterrent. Instead, ratifying the treaty is integral to the Obama administration's overall security agenda and very much in the U.S. national interest.
Investors concerned that China will dump its holdings of U.S. Treasury bonds should be worrying instead about an increase of foreign capital in U.S. markets, which will cause the U.S. trade deficit to surge.
While the G20 is right to concentrate on short-term macroeconomic policy for now, its rhetoric must shift to better reflect reality, and more attention needs to be paid to structural reforms.
It is unlikely that sanctions alone, regardless of their magnitude, will deter Iran's nuclear activities if Iran's principal aim is to become a "virtual" nuclear weapon state.
Indigenous innovation has become the greatest immediate source of economic friction between the United States and China. Yet despite concerns over protectionism, the global trend toward “homegrown” innovation is a healthy, positive development.
The balance of power in the Middle East is shifting, and Turkey's changing role and rising influence with other countries provides both a risk and an opportunity for Washington.
The central bank of China has cautiously begun to tighten monetary policy in response to a massive residential property bubble, demonstrating Beijing’s belief that it has both the policy tools and the political will to control the bubble and avoid a burst.
The international community’s understandable admiration for Palestinian Prime Minister Salam Fayyad and his efforts to rebuild the West Bank obscures a dangerous regression in democracy and human rights.
Saudi Arabia plays a key role in many issues of critical interest to the United States—including terrorism, Iran’s nuclear ambitions, the Middle East peace process, and Afghanistan.
At the 2010 St. Petersburg International Economic Forum, President Medvedev appealed to investors to put their money into the Russian economy. However, corruption continues to kill investor interest in Russia.
In the month of June, the Obama administration achieved a number of foreign policy successes regarding Afghanistan, Iran, Japan, South Korea, and Russia.
Turkey is emerging strongly from the Great Recession, but the Euro area crisis, a soaring current account deficit, and domestic political uncertainty threaten the economy.
Sanctions alone are unlikely to persuade Iran to stop enriching uranium, but there are few alternative measures that would increase pressure and change the behavior of the Iranian regime.
The selection of General David Petraeus offers a window to analyze the grim realities in Afghanistan and start implementing the most effective way forward.
While the upcoming G20 meeting likely influenced the specific timing of Beijing's announcement that it would allow greater flexibility in its currency, the collapse of the euro offered a good opportunity for change.
The departure of General McChrystal and arrival of General Petraeus provides a golden opportunity to abandon a failing strategy in Afghanistan.
While the focus of the meeting between Russian President Medvedev and U.S. President Obama will be on economic and technological cooperation, major security issues—including Iran sanctions, the U.S.–Russian civilian nuclear cooperation agreement, and arms control—will also be on the agenda.
The G20 still has far to go in terms of reforming the global financial system and calming the lingering economic turmoil, but the experience of sovereign wealth funds provides a useful outline for what is possible.
Modern Russian must overcome a number of internal and external pressures in the course of its struggle to determine its role in the changing global community.