Nuclear Issues

It would seem entirely reasonable to conclude that the world has taken several turns for the worse since President George H.W. Bush delivered his famous “new world order” address. The United Nations estimates that more than 250,000 people have perished in Syria’s civil war, and another million or so have been injured. With vast swathes of the Middle East collapsing, the Islamic State continues to wreak havoc, increasingly inspiring and coordinating attacks outside the region.

The end of the year is a good time to consider the risks that lie ahead of us. There are of course important economic risks, including the mispricing of assets caused by a decade of ultra-low interest rates, the shifts in demand caused by the Chinese economy’s changing structure, and European economies’ persistent weakness. But the main longer-term risks are geopolitical, stemming from four sources: Russia, China, the Middle East, and cyberspace.

Although the Soviet Union no longer exists, Russia remains a formidable nuclear power, with the ability to project force anywhere in the world. Russia is also economically weak because of its dependence on oil revenue at a time when prices are down dramatically. President Vladimir Putin has already warned Russians that they face austerity, because the government will no longer be able to afford the transfer benefits that it provided in recent years.

"Although this phased-approach to sanctions relief under the JCPOA ensures that Iran does not receive benefits without first implementing its nuclear commitments, uncertainties remain. The agreement does not affect U.S. and EU non-nuclear sanctions, such as those that target human rights abuses, support for terrorism, and money laundering. One question is whether or not relief from nuclear-related sanctions will affect the usefulness of non-nuclear sanctions."

When China’s economic output eventually surpasses America’s some time in the next decade, it will be the first time since the reign of George III that the world’s largest economy belongs to a country that is not western, not English-speaking and not a liberal democratic state. Yet, in the asymmetric world that is emerging, the US will remain the dominant military force. The fulcrums of economic and military power are separating. Can these changes in the distribution of power occur peacefully?

In this op-ed for Iran Matters, Aaron Arnold provides a crucial update on the status of the economic sanctions placed on Iran. He argues that in the short term, a lack of sanctions relief will continue to damage the Iranian economy and undercut efforts by the Rouhani Administration to revitalize growth. However, he points out that new developments in the global economy, such as the creation of an alternative to the SWIFT financial messaging system pushed by Russia and China, will possibly degrade the effectiveness of sanctions in the long run.

"When historians look back on the Middle East decades from now, they might find that trends in this region after 2015 were determined by the outcome of four seminal issues and battles that are in play this month."

Many Chinese worry that as Japanese politics moves rightward, it could result in the country seeking its own weapons. Beijing's concerns have intensified with its confrontation with the Abe administration over historical recognition and territorial issues. In this op-ed, Hui Zhang argues that it is time for Tokyo to stop reprocessing and eliminate its surplus plutonium as soon as possible. Tokyo should address concerns over its reprocessing plans and plutonium stocks. To reduce suspicions, Tokyo should take specific steps to abide strictly by its "no surplus plutonium policy".

"China, a great power in the making, and Russia, a fading but nonetheless aspiring power, have repeatedly positioned themselves on 'the wrong side of history' in regard to the Iranian nuclear program, events in Syria, and more. Great power status confers not just prestige and influence, but also a need to share responsibility for international security and the 'global good.' With their uncaring pursuit of narrow national interests, neither is demonstrating a predilection to do so."

The latest Iran sanctions came into full effect this week, adding to a byzantine array of unilateral and multilateral measures that prohibit Iranian oil imports, other trade and financial transactions, and freeze Iranian assets by countries concerned that Tehran's nuclear program is intended for military purposes, not civilian ones.

China and India's simultaneous rise weighs closely on the destiny of Southeast Asia, writes Belfer Center International Council member Anindya Barkie. Their cooperation would benefit all surrounding neighbors; their contensions could tear the region apart.