The downsizing of American foreign policy

The New Republic
by Michael Mandelbaum

08/10/10

Just as the recession and the new financial regulations will deprive banks and similar institutions of some of the resources they controlled before September 15, 2008, so the scope of America’s international activities will contract in the years ahead because the American government will have far less money with which to conduct the nation’s foreign policy. Because that foreign policy underwrites global stability and prosperity, the contraction of American power will adversely affect countries everywhere, even those that complain about the way the United States uses its power...

http://tinyurl.com/28c8ny4


Informant: Thomas L. Knapp



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