Nuclear Issues

Stephan Walt writes that Trump's foreign-policy instincts might be more sound—but he has forfeited the chance to lead.

The existing global political-economic order has been ruptured by the rise of China, a broad backlash against globalization, uncertainties about the U.S. commitment to a rules-based system, and most recently, the Covid-19 pandemic. What form(s) might a future world order take, and what principles should guide efforts to construct it? The Future World Order event series will address these questions by examining individual topics ranging from traditional security issues such as arms control to newer, relevant issues such as digital trade. Professors Dani Rodrik and  Stephen M. Walt will moderate individual sessions.

Despite the far-reaching effects of the current pandemic,  the essential nature of world politics will not be transformed. The territorial state will remain the basic building-block of international affairs, nationalism will remain a powerful political force, and the major powers will continue to compete for influence in myriad ways. Global institutions, transnational networks, and assorted non-state actors will still play important roles, of course, but the present crisis will not produce a dramatic and enduring increase in global governance or significantly higher levels of international cooperation. In short, the post-COVID-19 world will be less open, less free, less prosperous, and more competitive than the world many people expected to emerge only a few years ago.

Joseph Nye writes that some decoupling of interdependence is likely, particularly in areas related to technology that directly affect national security. But will Washington and Beijing go too far?

It seems unlikely that Russia will again possess the resources to balance U.S. power in the same way that the Soviet Union did during the four decades after World War II. But declining powers merit as much diplomatic attention as rising ones do. Joseph S. Nye worries that the United States lacks a strategy to prevent Russia from becoming an international spoiler.

The competition between the United States and China will decide the continent's fate—and one of them has a head start.

Stephen Walt describes what a commonsense U.S. foreign policy would look like.

Although Trump did not outline his legal basis for imposing the tariffs, several analysts anticipated that he was seeking to use the authorities granted him under the International Emergency Economic Powers Act—the legal basis that presidents rely on to impose financial and economic sanctions against WMD proliferators, terrorist organizations, narco-traffickers, and human rights abusers. Mixing trade and immigration policy under the guise of a national security threat, however, may end up deflating Trump’s “maximum pressure” sanctions campaigns against Iran and North Korea.

In the past 10 years, oil exports have averaged about $67 billion in Iran. Last year, they dropped by two-thirds, and they are expected to drop below $30 billion this year.  There are reasons to believe that, with appropriate policies, the country can live with this level of oil exports, albeit at a reduced standard of living, and even do itself some good in the long run by reducing its dependence on oil.

Iran has been there before. In 2012, when President Obama ratcheted up U.S. sanctions against Iran, oil exports dropped by 27.5 percent, and GDP fell by 6.2 percent. In 2015, sanctions and the collapse of oil prices further reduced oil exports to $32 billion, a decade-long low, and GDP declined by 1.6 percent. If Iran’s leadership is to successfully resist U.S. demands, it must do more than find ways to evade sanctions. A lot depends on its ability to adopt a plan that reduces the economy’s dependence on oil, while distributing the burden of restructuring equitably across social groups.

For the Islamic Republic, resistance to Washington has become a cultural norm, and it considers independence (esteghlal) as the main achievement of the 1979 revolution.  According to Secretary of State Mike Pompeo, Iran would have to meet 12 conditions before the United States will renegotiate the nuclear deal and consider removing its sanctions. These conditions, which are nothing short of surrender on Iran’s part, are either set to force Iran out of the nuclear deal and therefore trigger the return of UN sanctions, or they are a thinly veiled call for regime change.