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seemed increasingly disconnected from the challenges of accelerating globalization and thickening interdependence. In his 2006 book The Audacity of Hope, Senator Barack Obama observed that, in the past, “America’s greatest threats came from expansionist states like Nazi Germany or Soviet Russia, which could deploy large armies and powerful arsenals to invade key territories, restrict our access to critical resources, and dictate the terms of world trade.” But he argued that the landscape was now different; citing terrorism, pandemic disease, and climate change, he concluded that “the fastest-growing threats are transnational.”28 Richard Haass offered a comparable assessment in mid-2008, noting that the primacy of those threats marked

      a fundamental change from much of modern history, which … was shaped by great-power competition and often great-power conflict. This is now a different world … because the fact that great-power competition and conflict is no longer the driving force of international relations means that the world has opened up the possibility of meaningful cooperation between … the major powers of this era, including the United States and China.29

      Shortly before the 2008 presidential election, Robert Kagan concluded that “very few nations other than the United States consider terrorism to be their primary challenge.” Indeed, he continued, to most of the United States’ allies and partners, “it has been at best an unwelcome distraction from the issues they care about more.”30 If counterterrorism was too narrow a basis for US foreign policy, no self-evident successor appeared to be in the offing—though a brief episode in the fall would hint at one that would emerge as a linchpin of US foreign policy a decade later.

      Despite its symbolic significance, the war was overshadowed by the summer Olympics, which took place in Beijing from August 8 through 24. It was a spectacle that spotlighted China’s growing stature. And the war faded further into the recesses of global consciousness with the collapse of Lehman Brothers on September 15, which precipitated the world’s severest macroeconomic crisis since the Great Depression. Given how sharply relations between the United States and China have deteriorated in the intervening years, it is hard to believe that these two countries coordinated as vigorously as they did in late 2008 and early 2009, spurring the G20 into action and helping to arrest a fastmoving recession. Their cooperation offered preliminary evidence that strategic distrust between the world’s lone superpower and a rapidly emerging power need not preclude partnership during global crises or marginalize existing international institutions. Reflecting on that result, Daniel Drezner notes that, “[d]espite initial shocks that were more severe than those of the 1929 financial crisis, global economic governance responded in a nimble and robust fashion in 2008.”32

      The Obama administration notched a number of cooperative successes with Russia as well. Washington and Moscow partnered to shore up the Northern Distribution Network, which played a key role in routing supplies to US troops when they were deployed in Afghanistan. On February 5, 2011, the two countries signed New START, a major nonproliferation agreement that was effective for ten years and restricted each signatory to 1,550 deployed strategic warheads. Russia joined the World Trade Organization (WTO) at the end of the year, becoming the last G20 member to do so. In late 2013 and early 2014, Washington and Moscow worked together to secure and transport out of Syria 1,300 tons of its chemical weapons. Finally, they collaborated on the negotiations that would ultimately result in a breakthrough deal to constrain Iran’s atomic activities: the Joint Comprehensive Plan of Action (JCPOA).

      While Russia tended to capture attention as a result of its discrete provocations, China came into focus because of its overall trajectory. Contrary to longstanding US hopes that Beijing would take steps in the direction of political liberalization as its economy grew, the country became more authoritarian under its new leader, President Xi Jinping, and more explicit in its rejection of liberal norms. In April 2013 the Chinese Communist Party (CCP) issued a document warning that China had to guard against “Western forces hostile to China” that “are still constantly infiltrating the ideological sphere.”37 Beijing also grew more assertive in its neighborhood. That November, without consulting its neighbors, it declared an air defense identification zone in the East China Sea that overlapped with Japan’s, South Korea’s, and Taiwan’s existing zones. Discussions of a “new model” of great-power relations began to fade during the second half of the Obama administration, as more observers started to question whether deep interdependence and extant cooperation could forestall a fundamentally antagonistic turn in US–China relations.38

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