October 24th, 2011
06:00 AM ET

Global rebalancing act at the G-20

Editor’s Note: Dr. Matthias M. Matthijs is Assistant Professor of International Politics at American University and a Professorial Lecturer at Johns Hopkins University’s School of Advanced International Studies (SAIS) in Washington, DC.  Neil K. Shenai is doctoral candidate in International Political Economy at SAIS, writing his dissertation on the global financial crisis.

By Matthias M. Matthijs and Neil K. Shenai – Special to CNN

As world leaders prepare for another much-anticipated G-20 summit in Cannes, France in early November, the future of the global economy remains highly uncertain. The spirit of cooperation and solidarity that marked the London Summit in the spring of 2009 seems long gone.  It has been replaced with dissonance, finger-pointing and beggar-thy-neighbor policies.

For all of the confusion and missteps in the aftermath of the global financial crisis, it is worth remembering that the origins of the ongoing economic malaise stem from the divergence in policy preferences between countries that borrowed their way into the crisis, like the United States and the European Mediterranean (Portugal, Italy, Greece, and Spain), and the countries that lent to them, like China and Germany. FULL POST

Will the IMF stand up to Europe?
Christine Lagarde. (Getty Images)
September 1st, 2011
10:59 AM ET

Will the IMF stand up to Europe?

Editor's Note: Kenneth Rogoff is Professor of Economics and Public Policy at Harvard University, and was formerly chief economist at the IMF. For more from Rogoff, visit Project Syndicate or follow it on Facebook and Twitter.

By Kenneth Rogoff, Special to CNN

As the eurozone crisis continues to deepen, the International Monetary Fund may finally be acknowledging the need to reassess its approach. New Managing Director Christine Lagarde’s recent call for forced recapitalization of Europe’s bankrupt banking system is a good start. European officials’ incensed reaction – the banks are fine, they insist, and need only liquidity support – should serve to buttress the Fund’s determination to be sensible about Europe.

Until now, the Fund has sycophantically supported each new European initiative to rescue the over-indebted eurozone periphery, committing more than $100 billion to Greece, Portugal, and Ireland so far. Unfortunately, the IMF is risking not only its members’ money, but, ultimately, its own institutional credibility. FULL POST

UN Peacekeepers: Ready for Libya?
A UN peacekeeper looks on as he patrols in a street on January 8, 2011 in Abidjan, Ivory Coast. (Getty Images)
August 26th, 2011
06:00 AM ET

UN Peacekeepers: Ready for Libya?

Editor's Note: Stewart M. Patrick is a senior fellow at the Council on Foreign Relations (where he writes the blog The Internationalist) and Director of the Program on International Institutions and Global Governance.

By Stewart M. PatrickCFR.org

With the United Nations Security Council (UNSC) preparing to meet Friday for a “thematic debate” on UN Peacekeeping, and NATO calling for a UN force to lead any post-war operation in Libya, it’s time to take stock of the world’s multilateral efforts to field troops in post-conflict zones.

The number of “blue helmets” deployed under the UN flag has grown from 20,000 in the year 2000, to 100,000 as of March 2011, with Bangladesh, Pakistan, and India ranking as the top three troop-contributing countries (TCCs). Peacekeepers are currently active in fifteen missions around the globe. FULL POST

The Gadhafis should go to The Hague
It's been a long road. This picture, dated September 3, 1989, shows Libyan leader Colonel Moammar Gadhafi and his son Saif al-Islam reviewing troops upon their arrival to Belgrade prior the Non-Aligned Summit. (Getty Images)
August 24th, 2011
10:30 PM ET

The Gadhafis should go to The Hague

Editor's Note: Stewart M. Patrick is a senior fellow at the Council on Foreign Relations (where he writes the blog The Internationalist) and Director of the Program on International Institutions and Global Governance.

By Stewart M. PatrickCFR.org

With the collapse of Moammar Gadhafi's regime in Libya, attention has naturally turned to bringing the former strongman to justice.

But where?

In late June, the International Criminal Court (ICC) issued an arrest warrant, citing the dictator’s crimes against humanity. Self-styled foreign policy “realists” responded with angst, predicting the specter of prosecution would only prolong the conflict, by eliminating the possibility of a negotiated settlement. FULL POST

Post by:
Topics: Law • Libya • Multilateral institutions
A new era in U.S. foreign policy
(Getty Images)
August 23rd, 2011
10:57 PM ET

A new era in U.S. foreign policy

By Fareed Zakaria, CNN

Back in March, many neoconservatives in Washington were extremely dismissive of the way President Obama was handling the intervention in Libya. They argued that he was doing too little and acting too late – that his approach was too multilateral and lacked cohesiveness. They continuously criticized President Obama for, in the words of an anonymous White House advisor, "leading from behind."

But now that these critics are confronted with the success of the Libya operation, they are changing their tune and claiming paternity of the operation.  They are further arguing that if their advice had been heeded, the intervention in Libya would have been swifter and even more successful. But the Libya intervention is so significant precisely because it did not follow the traditional pattern of U.S.-led interventions. Indeed, it launched a new era in U.S. foreign policy. FULL POST

Libya does not need UN peacekeepers
(Getty Images)
August 22nd, 2011
11:11 PM ET

Libya does not need UN peacekeepers

Editor's Note: Tom Malinowski is the Washington Director for Human Rights Watch. Previously, he was special assistant to President Bill Clinton and senior director for foreign policy speechwriting at the National Security Council. The following is an edited transcript of my interview with him today.

Amar C. Bakshi:  What are you most concerned about over the coming days and weeks in Libya?

Tom Malinowski:  In the very short-term we want to make sure that the excellent commitments that the Libyan Transition Council has made to avoid retribution against perceived Gadhafi supporters, to maintain security and to preserve state institutions are kept in practice.

The leadership of the NTC has been saying all the right things on all of those issues. And  we’ll have to see whether all of the fighters and units that are streaming into Tripoli right now respect the wishes of their leaders. FULL POST

August 22nd, 2011
05:12 PM ET

Libya vindicates Obama's multilateral leadership

Michael E. O'Hanlon

Editor's Note: Michael O’Hanlon specializes in national security and defense policy and is senior author of the IraqAfghanistan, and Pakistan Index projects.

By Michael O'Hanlon - Special to CNN

Today's developments in Libya promise to help the Libyan people a good deal, even as the potential for protracted and deadly urban combat cannot yet be fully dismissed.  They also help President Obama.

He can point to Libya now as a signature example of how to lead multilaterally, encourage others to do more and avoid the Hobson's choice of doing everything ourselves or retreating into defeatism or isolationism. FULL POST

August 20th, 2011
05:10 PM ET

Ahmadinejad's economic savvy

By Fareed Zakaria, CNN

From the White House to London's House of Commons and beyond...few Westerners have anything nice to say about Mahmoud Ahmadinejad.

But there's one group that has glowing words of praise for Iran's President - and it's based not in Tehran, but in Washington.

The International Monetary Fund's latest report paints a pretty picture of Iran's economy.

It says growth has hit 3.2%, and will accelerate still further. Inflation has dropped from 25% to 12% in just two years.

And Tehran has managed to do what every major oil exporter can only dream of accomplishing: It's slashed subsidies on gas to recoup 60 billion dollars in annual revenue. That one-sixth of Iran's entire GDP.

Why is this happening? And how can it be despite years of economic sanctions?

What in the world is going on?

FULL POST

What will the world look like in 2025?
August 15th, 2011
03:59 PM ET

What will the world look like in 2025?

Princeton professor Anne-Marie Slaughter (who was most recently on GPS last month) lays out a vision of a brighter world in 2025, but warns that it may take cataclysm to get there. Below are some highlights of her piece, which is well worth reading in full on ForeignPolicy.com.

In 2025, Slaughter envisions:

1. A much more multilateral world.

"By 2025 the U.N. Security Council will have expanded from the present 15 members to between 25 and 30 and will include, either as de jure or de facto permanent members, Brazil, India, Japan, South Africa, either Egypt or Nigeria and either Indonesia or Turkey."

She also envisions more and stronger regional organizations from the African Union and Association of Southeast Asian Nations to a new Middle East free trade region. "Each will follow its own version of economic and political integration, inspired by the European Union, and many will include representation from smaller sub-regional organizations."

FULL POST

May 27th, 2011
07:01 PM ET

The G8 proves its relevance

Editor's Note: Stewart M. Patrick is a senior fellow at the Council on Foreign Relations (where he blogs) and Director of the Program on International Institutions and Global Governance. This is his Expert Brief.

By Stewart M. Patrick

This week's summit in Deauville, France, testified to the enduring vitality of the Group of Eight (G8), which many had given up for dead.

The United States will continue to rely on this exclusive grouping of likeminded advanced market democracies in directing diplomatic attention and material resources to the world's most difficult political and security issues.

The summit's most important achievement was its solidarity in responding to the turbulence in North Africa and the Middle East with moral clarity and the promise of concrete assistance. FULL POST

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