Asia & the Pacific

Joseph S. Nye writes that evaluating ethics in international relations is difficult, and Kissinger's legacy is particularly complex. Over his long tenure in government, he had many great successes, including with China and the Soviet Union and the Middle East. Kissinger also had major failures, including in how the Vietnam War ended. But on net, his legacy is positive. In a world haunted by the specter of nuclear war, his decisions made the international order more stable and safer.

Stephen Walt outlines how Washington and Beijing could stop the war in Ukraine.

Belfer Center experts on the U.S.-China relationship and Middle East issues shared thoughts on the significance of the unexpected Iran-Saudi Arabia agreement brokered by China. 

 Stephen Walt decided to look back to see if 2022 had gone according to his expectations. In his last column of 2021, he had described "Biden’s 2022 Foreign-Policy To-Do List." What did he get right, what did he get wrong, and how well did the Biden administration perform?

Stephen Walt provides A realist POV on the war in Ukraine, competition with China, COVID, and more in the second part of an interview with Foreign Policy Editor-in-Chief Ravi Agrawal.

Stephen Walt posits that realists recognize that evil acts occur and that some states behave worse than others, but they also understand that all states compete for security in an imperfect world and that no country's conduct is beyond reproach. 

The first 100 days are key to understanding where any presidency is going. Now more than a third of the way into that timeframe, how is President Joe Biden doing in the international policy arena? The World’s host Marco Werman speaks with Nicholas Burns, a former US under secretary of state for political affairs and a former ambassador to NATO.

“Those who do not study history are condemned to repeat it.”  And the rest of us are condemned to repeat George Santayana.

Will the Coronavirus Recession of 2020 be V-shaped?  Or U-shaped?  If we fail to heed the lessons of history it is likely to be W-shaped, with incipient recovery followed by successive relapses into sickness and recession.

As has been widely noted, we would have been better prepared to cope with the Covid-19 pandemic in the first place if everyone had paid more attention to the past history of epidemics. Be that as it may, the world is now deep into the pandemic and its economic consequences, the most severe such events since the interwar period, 1918-1939.  As decision-makers in every country contemplate their next steps, they would do well to ponder the precedents of that interwar period.

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.

Contrary to what US President Donald Trump would like to believe, a pandemic like COVID-19 was predicted as recently as last year. After being caught off guard by yet another catastrophe, one wonders when political leaders, markets, and average citizens will start to take risk seriously.