Redefining America
After a 20-year run as the world’s hegemonic power, the United States is retrenching. The Trump administration accelerated this process, answering China’s disruptive rise with an economic and military challenge, and using similar confrontational tactics with Iran. Domestically, the U.S. is doubling down on its faith in small government. American bilateralism’s key risk is estranging long-time partners needed to sustain its preeminence.
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Continuity and change in post-Trump America
Those who expect a dramatic change in U.S. policy now that President Biden has taken office may be in for a surprise. While the tone may be milder than under President Trump, the new administration has not taken radically different positions than its predecessor on most foreign policy matters. Its thin margin in Congress means passing major legislative overhauls will be a tall order.
New Opportunities 2021: A post-Covid rebound in the U.S. is all but inevitable
The United States is a resilient nation positioned to make a quick post-pandemic recovery. A broad assessment of the elements of U.S. power and the state of American society finds few challenges related to the Covid-19 that could undermine the country’s stability or sap its capacity to project its global ...
Opinion: GIS expert on China policy under Biden
Joe Biden’s policies toward China can be inferred from his political trajectory, his record and election promises, and also the policies and public statements of key figures in the president-elect’s emerging administration. This report indicates the areas in foreign relations, trade, technology and defense where policy changes are imminent, and ...
U.S. elections: Media credibility and impartiality are the biggest losers
Shortly after Democratic candidate Joe Biden declared victory, European states began expressing their hope of a new era in transatlantic relations. However, the nature of U.S.-EU ties is unlikely to undergo a profound change. A Biden presidency will also have its downsides. President Trump’s style might have made him unpopular ...
The Fed and ECB: Average inflation targeting for two
Central banks have long maintained that price stability means 2 percent inflation. Now we hear from the U.S. Federal Reserve and the European Central Bank that it actually means “average” 2 percent inflation. This seemingly small change in the banks’ mission aims to contain and sustain public debt, not inflation.
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More Disruptions
Expanding state
A trend toward increased government influence in economies and personal life is curbing growth, and freedom, in many Western countries. The outsized role of government results in misplaced incentives, overregulation – which restrains markets and competition – and irresponsible budgetary ...
Middle East politics
The region, one of the cradles of civilization, is going through a turbulent period of historic realignment. Its powers are vying for political, military, economic and religious dominance with local players and outside actors. Armed conflicts, mainly civil wars, are ...
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