New Bretton Woods Today? Or Currency Wars Ahead?



About three hundred people have assembled this weekend at the Omni Mt. Washington Hotel — site of the famous 1944 economic conference at which the global economic system of currency exchange, the establishment of the US dollar as the key reserve currency, and the establishment of the International Monetary Fund occurred — under the auspices of a major meeting organized by the Institute for New Economic Thinking. In 1944, 735 delegates representing 44 nations attended. They met for three weeks,…

Mahbubani Responds: Western Intellectual and Moral Cowardice on Israel/Palestine is “Stunning”



(Kishore Mahbubani speaks at New America Foundation reception on the “Rise of Asia and the Decline of the West. Pictured are Deputy Secretary of the Treasury Robert Kimmitt, Kishore Mahbubani, and New America Foundation/American Strategy Program Director Steve Clemons. photo credit: Samuel Sherraden) The following is the fourth installment in an evolving series of guest commentaries on an original post on The Washington Note titled “The Next Fault Line in Foreign Policy Combat: “The U.S. Matters” vs. “No, It Really…

The Debate on East vs. West Continues: Anne-Marie Slaughter Challenges Mahbubani



This is the third installment in a debate that The Washington Note is hosting between Kishore Mahbubani and other of the world’s premier intellectuals on international affairs — including G. John Ikenberry, Anne-Marie Slaughter, Parag Khanna, Michael Lind, and others. In response to Mahbubani’s latest book, The New Asian Hemisphere: The Irresistible Shift of Global Power to the East, I attempted to trigger a debate between Mahbubani, on one hand, who said that the rest is going to have to…




Note from Steve Clemons: This is a guest post by G. John Ikenberry who is the Albert G. Milbank Professor of Politics and International Affairs at Princeton University in the Department of Politics and the Woodrow Wilson School of Public and International Affairs. My personal thanks to Ikenberry and to Kishore Mahbubani and others for engaging in this debate — as I can think of few other topics more important than theirs for the country to wrestle with. From G….

The Next Fault Line in Foreign Policy Combat: “The U.S. Matters” vs. “No, It Really Doesn’t”



Kishore Mahbubani and G. John Ikenberry may not know it — but they are squaring off to be the new top tier rival powerhouse intellectual combatants. They each basically stand at the forefront of rival intellectual movements about the relative relevance of American power in the world — Mahbubani heading the school that the West is in self-denial about its plummeting significance and Ikenberry heading those who think American power remains palpably larger than any other player and is still…