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Governance

Brazil’s Energy Windfall

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Brazil’s Energy Windfall

Venezuelan President Hugo Chavez, boisterous and riding high just one year ago in his quest to spread a “socialist revolution” throughout Latin America, has quieted as that effort has ground to a halt. In December, Chavez’s bid to change his country’s constitution was voted down. An ongoing oil nationalization dispute with ExxonMobil, which threatens to freeze billions of assets (AFP) in Venezuela’s state-owned oil company, has raised questions about the sustainability of the country’s oil output. Most recently, major oil and gas discoveries off the Brazilian coast promise to substantially shift the balance of power in Latin America, chipping away at Venezuela’s energy hegemony.


By CFR, USA.


Governance Policy Resource.


Recession, Beyond the Economy

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Recession, Beyond the Economy

When Goldman Sachs recently revised its forecast for the U.S. economy, predicting a recession in 2008 (Reuters), the shockwaves weren’t confined to boardrooms or even living rooms. The economic ramifications of a recession are much-discussed, myriad, and well-known. Less certain are the geopolitical and geoeconomic effects a U.S. downturn might bring, particularly at a time that finds other powers on the rise, the price of vital commodities spiking, and U.S. prestige in question.


By CFR USA.


Governance Policy Resource.


The Capital Interview: Frazer Says Kenyan Crisis Has Consequences for South Sudan, Somalia

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The Capital Interview: Frazer Says Kenyan Crisis Has Consequences for South Sudan, Somalia

Jendayi Frazer, the top U.S. diplomat in charge of African affairs, says Kenya’s political crisis since disputed elections at the end of December could have serious regional consequences. Frazer, assistant secretary for the State Department’s Bureau of African Affairs, says Kenya’s turmoil will affect U.S. efforts to consolidate the peace process between north and south Sudan, and it has already had a “major impact” on limiting the deployment of African peacekeepers in conflict-torn Somalia.


By CFR USA.


Governance Policy Resource.


Iraq Surge’s Mixed Messages

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Iraq Surge’s Mixed Messages

When President Bush announced in January 2007 a surge of five additional combat brigades to Baghdad, he said it would improve security in the capital, giving the Iraqi government the “breathing space it needs to make progress.” But one year after the plan’s announcement, measures of its success remain complicated and politically embroiled, particularly as campaigning for the U.S. presidency heats up.


By CFR USA.


Governance Policy Resource.