Word: capitalisme
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When it comes to soft power--the power to persuade, not coerce--things are little better. True, anti-Americanism is abating as brand Obama rejuvenates brand U.S.A. But popularity is not the same as power (ask Canada or Sweden). In the 1990s, American soft power was based on more than...
That's no longer the case. American-style capitalism no longer looks as dominant now that Wall Street has blown up. The financial meltdown also means that for the foreseeable future, the U.S. and its European allies will have less money to offer countries they want to influence. There's...
If he's very lucky and very good, Obama may be able to get U.S. foreign policy out of the red by late in his first term. If the economy starts growing again, if the U.S. troop presence in Iraq drops without a return to anarchy, if there's a...
As a result, how the U.S. is perceived in Latin America resonates more robustly with the wider world today. Bush certainly found that out when the international community, in ways rarely seen during the gringo interventionist days of the Cold War, condemned the White House's early backing of the...
Written before the full force of the crisis became apparent, Yasheng Huang's Capitalism with Chinese Characteristics: Entrepreneurship and the State presciently anticipates the need for a guide to the least understood weaknesses in China's economy. An MIT professor, Huang argues that China's real reforms were in the...