Articles written by Steve Yetiv
Critics of U.S. foreign policy often argue that the United States lacks a grand strategy -- a set of principles, norms and goals applied consistently to foreign policy. But in an increasingly complex world, where power is no longer concentrated in the hands of a few actors, grand strategy is overly simplistic and doomed to fail. Critics notwithstanding, the U.S. should embrace a doctrine of flexible response. more
The American public's deep-rooted fear that any disruption of Middle Eastern oil supplies could trigger a U.S. recession is historically based: Past recessions have been caused or accelerated by such crises. Contrary to received wisdom, however, the chance of an oil crisis has decreased substantially since the 1970s due to a paradigm shift in global oil security that has gone largely unnoticed.
The United States spends around $40 billion to $50 billion per year to protect the free flow of oil from the Persian Gulf. China, by comparison, spends virtually nothing on Gulf security, while pursuing its strategy of building political and economic relations with oil-rich countries in order to secure oil for its growing economy. This is nowhere more apparent than in China's relations with Saudi Arabia. more