Foreign Affairs Journal

A neighbor gifted me with a subscription to Foreign Affairs, a bi-monthly journal written by professionals and academics in the field. American international policies are under the microscope and continually related to those of other nations. Just how well has the Biden administration fared in the last 18 months?  Here’s what Heidi and Douglas Rediker wrote in the May/June issue of the journal:

“After more than a year in office, Biden has advanced many critical international economic policy goals by aligning his administration’s foreign policy agenda with the interests of US workers, achieving strategic national security objectives. He laid the groundwork for creating more resilient supply chains and transforming US infrastructure in ways that will help underserved communities and the middle class. He rejoined the global community’s effort to transition away from fossil fuels. He repaired US alliances, marshaling the democratic world to collectively respond to Russia after it invaded Ukraine.”

The article went on to support Biden’s realistic policy shifts that engage the US once again in the forefront of global matters. This is where our nation plays well with others and gains not only military security, but also economic rewards for our people. These policy shifts recognize the role of economics in international power roles.

The free nations of the world collaborated economically to punish Russia’s illegal invasion of Ukraine. The interdependence of all nations on matters of economics is better understood. That plus the positive role economics can and does play rather than deploying missiles, nuclear threats and bombs. Short term economic bruises are felt; rather they than loss of life and vast property destruction.

Russia is experiencing an enormous negative impact economically. Every Russian citizen will feel the effects of the global community efforts to pull Russia into a less militaristic position. Yes, Ukraine’s horrors are huge and real; worse, they persist. But Russians will realize, if they haven’t already, the negative impact of uncivil behavior in the global village.

Economic policy is strong in such matters. Biden and his administration understand this. The rest of us should as well. That includes paying more for gasoline as a result of unstable oil markets.

I much rather economic policy than military. The cost comparison is frightful.

June 8, 2022

 

Comments

Popular posts from this blog

Intimacy

Bits & Pieces

Remembering Tom Sherlock