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Economic Development

Commentary

O'Malley's Tax Misstep

The Maryland governor's tax scheme won't solve the state's problems, but it will send businesses packing.

The Era of Nation Cultivation

The concept of nation building has brought nothing but trouble. It's time for a paradigm shift.

China Digs in to Afghanistan

Washington is packing its bags, but Beijing looks set to stay in AfPak for the long haul.

Essays

U.S. Debt Culture and the Dollar's Fate

If the United States cannot get its fiscal house in order, the dollar’s privileged position as the world’s reserve currency may be at risk—at a time when there seem to be few if any plausible alternatives.

An Asian Security Standoff

An intense security competition is under way in East Asia. Beijing and Washington must take care to ensure that this competition does not give way to entrenched bloody-mindedness or even outright violence.

Europe's Zero-Sum Dilemma

The European debt debacle has made a mockery of the original hopes that inspired the European project. The EU may not survive the current crisis—and even if it does, it could be a severely diminished organization.

The Global Power Shift from West to East

Pax Americana and the age of Western dominance are fading. Washington can manage this decline, but first it must acknowledge its reality. History moves forward with a crushing force and does not wait for the unprepared.

Rethinking the Pakistan Plan

U.S.-Pakistani relations are in crisis. Strategic fear of India prevents Pakistan from bending to U.S. demands. Easing India-Pakistan tensions could change the dynamics of the U.S.-Pakistan alliance.

The Seoul Nuclear Summit

Obama has emerged as champion of securing vulnerable nuclear materials. Two years after his Washington summit on this arcane but important matter, leaders are descending on South Korea to track progress and fashion goals for the future.

Blogs

The U.S. Drug War Comes to Honduras

Without congressional approval or public debate, Obama is dragging the U.S. military into another quagmire.

U.S. Taxpayers Subsidize Afghan Insurgents

After over a decade of funding the enemy and alienating locals, Americans should not be surprised by the sad state of Afghanistan.

China, Old and New

The old days of back-room machinations under Mao Zedong are gone for good.

Books & Reviews

Battle Hymn of the Diplomats

Awash in Wilsonian hubris, the State Department’s meandering and militaristic QDDR will ensure Foggy Bottom remains second-rate—both inside the Beltway and overseas.

On Morals & Tigers

The Obama administration has finally decided to do something about climate change. Yet the assumptions of environmental policy are informed by a flawed morality that has all the religious hallmarks of sin and guilt.

Zakaria's Complaint

It's a mistake, argues Fareed Zakaria, to conflate constitutional liberalism with democracy. It's a mistake, says Thomas Carothers, to exaggerate the extent to which that mistake actually characterizes U.S. policy.

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May 26, 2012