The US is bungling its most important diplomatic challenge—and it’s not Iran
First to finish gets to write global trade rulesWritten by Tim Fernholz@timfernholz
Meanwhile, the White House’s real opportunity to forge an international consensus worth taking credit for is falling by the wayside. It involves the fate of the country’s economic strength, an issue far less dramatic-sounding than the threat of nuclear annihilation, but no less important to the future of American security.
After all, the might of the United States doesn’t come from its world-spanning military, although that helps—it comes from the economic power that, among other things, allows US defense spending to outstrip the next 10 military powers combined. Even then, Iran didn’t come to the negotiating table because it feared US military strikes. It came because the US had implemented a global economic sanctions regime that crippled Iran’s economy; the prospect that a nuclear deal would mean an easing of the sanctions had Iranian youth dancing in the street.
But as the shape of the global economy shifts, elevating the relative importance of China and other emerging markets, the US has, in the past year, missed several chances to seal its economic strength for the century ahead.http://qz.com/376306/forget-the-iran-deal-the-us-is-bungling-its-most-important-diplomatic-challenge/?utm_source=Daily+Media+Digest&utm_campaign=2f4365af41-AFSA_Media_Digest_4_13_2015&utm_medium=email&utm_term=0_e87ea75dce-2f4365af41-215292581
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