Over the past four years, as the United Kingdom has wrestled with the consequences of its narrow vote to leave the European Union, there has been little to no broader foreign policy debate in the country. Instead, Britons seem to have become caught between three temperaments. There are the catastrophists, who argue the U.K. has become completely irrelevant on the international stage as a result of Brexit; the nostalgics, who see a powerful Britain through the lens of a great colonial power; and the denialists, who refuse to accept that Britain must adapt to a changing global context. All are [...]
Economics & Business
Nearly a decade into Libya’s grinding civil war, it seems next to impossible to imagine stability, let alone a political settlement. The country is as torn as ever between the U.N.-recognized Government of National Accord in Tripoli, which is backed militarily by Turkey, and the rival forces loyal to Gen. Khalifa Haftar’s breakaway Libyan National Army, backed by a motley crew of Russia, the United Arab Emirates, Egypt and France. Libya, which before the war was among the world’s top oil-exporting countries, with billions in hydrocarbon reserves, is today oil-rich, revenue-poor and teetering on the brink of irretrievable collapse. The [...]
Editor’s Note: Every Wednesday, WPR contributor Lavender Au and Newsletter and Engagement Editor Benjamin Wilhelm curate the week’s top news and expert analysis on China. In a further round of sanctions last week, the U.S. blacklisted virtually all of Iran’s financial sector. Perhaps in anticipation, Iran’s central bank announced that it had adopted the yuan, also known as the renminbi, as its main foreign reserve currency, replacing the U.S. dollar. With a 25-year strategic partnership with China under discussion, Iran will have a guaranteed market for its oil and gas exports, and with renminbi reserves, it will be able to [...]