Mexico has had a surprisingly good year, with a promising outlook ahead that contrasts starkly with many of its peers, both in Latin America and around the world. But Mexico is no stranger to being in the economic spotlight, raising questions about whether this so-called Mexican Moment is poised to last longer than just a moment.
Back in March, Saudi Arabia reportedly offered to join the Abraham Accords in exchange for the transfer of U.S. civil nuclear technology, among other things. Washington is reluctant to do so, as that technology could be used to develop nuclear weapons. But a nuclear-armed Saudi Arabia should not be particularly concerning for Washington.
Turkish President Recep Tayyip Erdogan’s foreign policy moves almost always have a domestic angle, and his pivot back to the West since his reelection in May, as well as his return to orthodox economic policies, could all be aimed at one goal: winning favor with urban voters ahead of the 2024 municipal elections.
Over the past two decades, Iran has used its political influence in Baghdad to consolidate a strong position in various sectors of Iraq’s economy. Now competition for investments in Iraq, and the economic influence that goes along with them, has become increasingly intense, with Saudi Arabia and the UAE leading the charge.
Lebanon’s financial crisis, worsened by the COVID-19 pandemic and the Beirut Port explosion, has pushed the country into a slow-burning collapse. Now, given Lebanon’s sectarian political system and history of internal conflict, the state’s inability to properly fund its armed forces could result in a rapid deterioration of security.
The U.S.-China rivalry will shape the course of international politics in the 21st century. Hence, any insights that can be gleaned on the state of bilateral relations from the meeting two weeks ago between Secretary of State Antony Blinken and President Xi Jinping are worth evaluating. And the insights to be gleaned are encouraging.