Energy

In many Western democracies, this is a year of revolt against elites. The success of the Brexit campaign in Britain, Donald Trump’s unexpected capture of the Republican Party in the United States, and populist parties’ success in Germany and elsewhere strike many as heralding the end of an era. As Financial Times columnist Philip Stephens put it, “the present global order – the liberal rules-based system established in 1945 and expanded after the end of the Cold War – is under unprecedented strain. Globalization is in retreat.”

In fact, it may be premature to draw such broad conclusions.

Some economists attribute the current surge of populism to the “hyper-globalization” of the 1990s, with liberalization of international financial flows and the creation of the World Trade Organization – and particularly China’s WTO accession in 2001 – receiving the most attention. According to one study, Chinese imports eliminated nearly one million US manufacturing jobs from 1999 to 2011; including suppliers and related industries brings the losses to 2.4 million.

What does Brexit mean for India? As a former British colony, the country enjoys particularly close economic, trade, political and cultural ties to the United Kingdom. India and South Asia Program Affiliate, Ronak Desai, examines how the relationship could be altered by the British exit from the European Union and possible outcomes.

The tensions unsettling the Saudi royal family became clear in September, when Joseph Westphal, the U.S. ambassador to Riyadh, flew to Jiddah to meet Crown Prince Mohammed bin Nayef, nominally the heir to the throne. But when he arrived, he was told that the deputy crown prince, a brash 30-year-old named Mohammed bin Salman, wanted to see him urgently. Senior Fellow, David Ignatius, discusses Mohammed bin Salman opportunity to transform Saudi Arabia.

"...[T]he region offers Iran great potential to enhance rail and land transport for the exchange of local goods to form new markets. The region can also serve as a major energy hub, specifically with natural gas for Iran, China and Russia. By developing an integrative transportation system inclusive of land, air and sea, Iran could help the region connect with the Indian Ocean, the Sea of Oman and the Caspian Sea. Iran already possesses a large road and rail system that connects Khorasan with its ports in the Persian Gulf, including in Chabahar and Bandar Abbas, which it can lease to its neighbors and derive transit and customs revenues."

"...the Bush administration's foreign policy rests on a deep misreading of contemporary world politics. Conducting foreign policy on the basis of flawed premises is like designing an airplane while ignoring gravity...."

As preparation for war against Iraq intensifies, the time has come to pause and consider the view from Baghdad. Conclusions from such an exercise are not comforting. But to strike without thinking seriously about what Saddam Hussein could do to us would be irresponsible.