The Twilight of America’s Financial Empire – with Abraham Newman

When Iraqi lawmakers voted to expel U.S. forces from the country earlier this month, the Trump administration’s response was swift and forceful: it refused to withdraw and, for good measure, threatened financial retaliation, saying it would freeze Iraq’s accounts at the U.S. Federal Reserve.

The threat seems to have been effective. Although Iraqi officials still seethe over a U.S. drone strike that killed a top Iranian commander in Baghdad on January 3, Prime Minister Adel Abdul-Mahdi has said that his caretaker government lacks the authority to push for a U.S. withdrawal, and American troops have

Henry Farrell and Abraham Newman, “The Twilight of America’s Financial Empire,” Foreign Affairs (online), January 24, 2020.

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In the recent past, scholars have sought better to understand the evolving EU-US relationship, both in its own right, and as an important example of emerging forms of international governance.1 Particular attention has been paid to the important role that transnational actors have begun to play in this relationship. Business, consumer, labour and environmental interests ...
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Essay

Hypocrisy is a Useful Tool in Foreign Affairs. Trump is Too Crude to Play the Game with Martha Finnemore

Hypocrisy has a bad connotation, but it offers a useful middle course in the world of geopolitics; it once lubricated the engine of U.S. power. A world where the United States abandoned all ideals and values would be cowardly and vicious. On the other hand, a world where words and deeds always and transparently matched ...
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