International Relations

As Russian troops mass along the border with Ukraine, the White House has been calibrating its response. President Joe Biden has warned that in the event of an invasion, the US and allies would make Russian President Vladimir Putin pay a heavy price. Likely measures would particularly include economic sanctions such as a cut-off from the SWIFT payments system and turning off the new Nord Stream 2 pipeline.  Good. It is possible that such threats will deter Putin.

Recap of MEI event "Afghanistan and Its Consequences."

Recap of MEI event "The Future of Palestine - A Conversation with Dr. Hanan Ashrawi"

The World Bank on May 19, as it does every six years, released the results of the most recent International Comparison Program (ICP), which measures price levels and GDPs across 176 countries.  The new results are striking.  It is surprising that they have received almost no attention so far, perhaps overshadowed by all things coronavirus.

For the first time, the ICP shows China’s total real income as slightly larger than the US.  It reports that China’s GDP was $19,617 billion in 2017, in Purchasing Power Parity (PPP) terms, while the United States’ GDP stood at $19,519 billion.

Europeans awoke on Thursday morning to news that President Donald Trump had announced the suspension of “all travel from Europe to the United States.” Blaming the European Union (EU) for failing “to take the same precautions and restrict travel from China,” Trump suggested “a large number of new [coronavirus] clusters in the United States were seeded by travelers from Europe.”

The “bicycle theory” used to be a metaphor for international trade policy.  Just as standing still on a bicycle is not an option — one has to keep moving forward or else the bike will fall over – so it was said that international trade negotiators must continue to engage in successive rounds of liberalization, or else the open global trading system would be pulled down by protectionist interests.  I don’t know if the theory was ever right.  (And, to be honest, I don’t entirely understand why forward movement keeps a bicycle from falling over.)  But if we had stood still on trade policy over the last three years we would be a lot better off than where we are now.

During the Cold War, Iran and Saudi Arabia formed the twin pillars of U.S. foreign policy in the Middle East, but this changed abruptly with the 1979 Iranian Revolution. Ever since, the IRI has pursued a foreign policy independent from the West, which pitted Tehran against the West, and the U.S. in particular, as well as with pro-Western states in the region, including Saudi Arabia. In this blog post to Iran Matters, Ali Fathollah-Nejad, Associate at the Iran Project, examines the mutual perspectives of Iran and Saudi Arabia towards one another and how recent regional developments in Syria, Iraq, and elsewhere have impacted this "hegemonic rivalry."