Diplomacy and International Politics

The entanglement and feedback loops among the domestic and the geopolitical cycles of distrust have resulted in a cohesive threat to democracy: a downward political spiral that is pulling societies towards enmity. This spiral feeds on and generates destructive human emotions at massive scale, such as outrage and hatred, that lead to violence, war, and autocracy, so it can be better understood as a dangerous global maelstrom of distrust, which could sink democracy worldwide. As showcased by historical evidence, domestic and international forces do not act in isolation from each other. Democratic backsliding, the rise of authoritarianism and totalitarianism, and the politics of aggression generated feedback loops in the 1930s, that resulted in WWII. Similar forces are again working in the 2020s. If massive distrust can wreck democracy worldwide, it follows that the regeneration of trust is the path to democratic revitalization.

Michael Greenwald writes that with the recent change of leadership at the European Central Bank, the euro likely has a bright future ahead.

As tensions mounted between the United States and Iran, European nations pressed for a calm response, fearing that any escalation could disrupt trade through the region’s vital Strait of Hormuz, which carries up to a third of global crude oil exports traded via ships. If the strait is blocked or trade there is disrupted by conflict, analysts predict oil prices would surge.

If oil prices remain low over the long term, the Middle East could suffer a macroeconomic shock of historic proportions. Although some countries in the region are better positioned for revenue shortfalls than others, all will have to make tough choices now to ensure future prosperity.

Natalie Jaresko (MPP ’89), former Finance Minister of Ukraine, returned to Harvard on October 31^st, 2016 to take part in the Future of Diplomacy Project’s international speaker series. In a public seminar moderated by Faculty Director Nicholas Burns, Jaresko, who currently serves as chairwoman of the Aspen Institute Kyiv, reflected on her time in office from 2014 to 2016. In her two years in office, the Ukrainian government  had to contend with the Russian annexation of Crimea, a national debt crisis, widespread governmental corruption, and political instability.