Sublime

Some highlights have been hidden or truncated due to export limits.

Some highlights have been hidden or truncated due to export limits.

The EU, by far the most significant regional arrangement, is struggling with disputes over migration, economic policy, and the division of responsibility between itself and its members. And around the world, countries are increasingly resisting U.S. primacy. For its part, the United States, divided politically and stretched militarily after

Meanwhile, effective statecraft is conspicuously lacking. Institutions have failed to adapt. No one today would design a UN Security Council that looked like the current one, yet real reform is impossible, because those who would lose influence block any changes. Efforts to build effective frameworks to deal with the challenges of globalization,

Thus it is not clear whether the absence of wars involving the great powers is an enduring trend or something of an aberration. Some judge this trend as likely to last, arguing wars between countries have become less common because actual or potential costs have gone up, especially in those instances in which nuclear weapons could be introduced.

Europe, as noted earlier, has in a short span of time gone from being the most predictable and stable region—one where history seemed to have truly ended (as suggested in an influential essay published in 1989 by the American political scientist Francis Fukuyama)—to something dramatically different. Democracy, prosperity, and peace all seemed

Countries will also need to work together to address problems of globalization, including but not just climate change, trade, and proliferation. These will require not resurrecting the old order but building a new one. Efforts to limit, adapt to, and possibly offset climate change need to be more ambitious. The WTO must be amended to address the

The Federal Reserve’s response was inadequate, as it did not take sufficient measures to…

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