
When there is a major crisis in the international system, it is often followed by a host of small crises that pop up in its wake and start escalating out of control. The 2008 financial crisis set the stage for the current rash of conflicts and confrontations in the Arab world, Ukraine and the Asia-Pacific. Britain’s vote to leave the European Union could have a similar effect. The 2008 recession emboldened China and Russia to challenge the U.S., contributed to economic fragility in the Arab world, and discouraged Western policymakers from investing heavily in international conflict management. Relatively light-footprint options, […]