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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America’s Misuse of Its Financial Infrastructure – with Abraham Newman

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“Great Britain: Falling Through the Holes in the Network Concept,” in Local Production Systems in Europe: Rise or Demise? – with Colin Crouch – ed. Colin Crouch et al.

British economic development has long exhibited strong regional patterns and contrasts. The UK shares with France a characteristic not possessed by Germany or Italy: the contemporary weakness of its major regional centres, so that the capital cities (London and Paris) and the regions surrounding them (the so-called Home Counties in south-east England and the Ile ...
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