The post-World War II liberal world order, defined by open markets, rules-based international cooperation and a benign American hegemony, has brought unprecedented peace and prosperity to the world. Yet it is now under threat from nationalists and isolationists in Europe and the United States as well as revisionists in China, Iran and Russia.
Donald Trump’s election caused many foreign-policy hands to worry that America could abandon its stewardship of the liberal world order: that constellation of alliances and institutions that has promoted peace and prosperity since World War II.
One year into Trump’s presidency, the results are mixed.
In the latest issue of Foreign Affairs, four experts reflect on the state of the world. Their consensus: The world America built has by no means disappeared, but there is no time for complacency. Read more
Nationalism may be down, but it’s not out, reports The Wall Street Journal.
The nationalist insurgency is both growing and metamorphosing. It is not just eating away at relations between countries on issues such as free trade; it is also eroding the institutions and norms that prevail within countries.
With economies growing on both sides of the Atlantic, populists now draw on cultural grievances to undermine the stable, rules-based environment businesses crave. Read more
Donald Trump hasn’t ushered in a post-American world yet. But he is accelerating the demise of a benign hegemony that has made the world more peaceful and more prosperous with his policy of “America first”. Read more