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.

The following is an event write-up about the recent Future of Diplomacy Project (FDP) seminar on “The Future of Ukraine: Reconstruction, Energy Security, and Innovation” moderated by Ambassador Paula J. Dobriansky, Senior Fellow with the Future of Diplomacy Project. 

The recent ruling of the German Constitutional Court on the ECB was an economic and political bombshell. The deep controversy that resulted – within Germany and on a European scale – illustrates that the ambiguity surrounding the euro area’s legal order and architecture may have reached its limit.

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

Washington should adjust its coercive economic strategy to reflect a broader use of tools beyond sanctions. Given the degree of political interference in China’s banking system via formal state ownership and the indirect influence of opaque party committees, penalties imposed against the country’s banks are unlikely to produce a meaningful change in behavior.

Like with the Soviet Union, America once again finds itself in a global competition with Beijing today, albeit with many more consequences for Washington’s financial statecraft.

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.