Nuclear Issues

The summit between President Trump and North Korea's Kim Jong Un in Hanoi, Vietnam, ended Thursday without any deal. The two sides failed to reach an agreement due to a standoff over U.S. sanctions on the reclusive nation.

Although Russia has evolved in many ways since 1991, it’s worth taking a second look at the drivers behind the Soviet collapse and assessing which of them may be relevant for today’s Russia or could become relevant in the near to medium-term future.

Following a brief market plunge, the President-elect’s speech on Tuesday night was more conciliatory than many expected and emphasised his commitment to infrastructure investment. Investors have, on balance, concluded that the combination of a shift to very expansionary fiscal policy and major reductions in regulation in sectors ranging from energy to finance to drug pricing will raise demand and reflate the American economy.

As the policy community prepares to assess an agreement between the U.S. and its P5+1 partners and Iran, Senate Foreign Relations Committee Chairman Bob Corker asked me to review the history of analogous agreements for lessons that illuminate the current challenge. In response to his assignment, I reviewed the seven decades of the nuclear era, during which the U.S. negotiated arms-control treaties, including the Non-Proliferation Treaty of 1968; strategic arms limitation talks and agreements from SALT to New Start; the North Korean accord of 1994; the agreements that helped eliminate nuclear weapons in Ukraine, Kazakhstan, and Belarus in the early 1990s; and the pact that eliminated the Libyan nuclear weapons program in 2003.

Among many lessons and clues from this instructive history, five stand out

"...Russia seems doomed to continue its decline ― an outcome that should be no cause for celebration in the West. States in decline ― think of the Austro-Hungarian Empire in 1914 ― tend to become less risk-averse and thus much more dangerous. In any case, a thriving Russia has more to offer the international community in the long run."

"The need for major reforms in the areas of health, education, housing, and even national security strategy are common to many countries, but the ability of Israel's governmental system to deliver these public goods is increasingly in question."

"Companies that manage the transport of all these resources can have tremendous impact on any nation's survival, making the movement of goods across the seas an unrecognized animating force in foreign affairs. The sanctions and the resulting economic crisis made the route through the Strait of Hormuz unsustainable for this major shipping line."

"The nuclear debate in Washington is only about the past, about a notion of this nation as the better of only two options. It's as if the critics are wondering: why must we tinker with everything that made America once spectacular? Endless discussions about whether America is exceptional or not (and whether this president thinks we are or not) are preconditioned on a memory that equates the size of our nuclear arsenal with our own relevance. It is simplicity in its most perverse form. What makes us exceptional is our capacity to adapt to a world that has changed, not holding onto a world dynamic that ended long ago."