The Americas Archive

Earlier this month Venezuela and Ecuador received major boosts from China, which has redoubled its stake in the two Latin American economies most vulnerable to plunging oil prices. Following recent visits to China by financial chiefs from both countries, Venezuelan President Nicolas Maduro and his Ecuadorian counterpart, Rafael Correa, each traveled to Beijing in early January, where China held its first annual ministerial meeting with the Community of Latin America and Caribbean States (CELAC). Correa returned from the visit with approximately $5.3 billion in new financing from the Export-Import Bank of China; Maduro announced that Venezuela would receive an additional […]

With combat operations in Afghanistan fading in the rearview mirror, the United States is turning its attention to finding ways to stem Russian aggression. U.S. President Barack Obama’s administration supports the creation of a new NATO rapid reaction force and is sending more troops and tanks to Europe. These steps are intended to revive deterrence of Russia. They may do so given the nature of the challenge that Russia poses, but they also underscore the limitations of the old Cold War notion of deterrence in today’s security environment. When the Soviet Union fielded nuclear weapons during the opening years of […]

U.S. President Barack Obama has returned from his holiday vacation in Hawaii to start a “barnstorming” tour across the United States to make the case for his domestic policy agenda in the run-up to the State of the Union address on Jan. 20. Faced with a new Republican-controlled Congress that will not be particularly hospitable to his proposals, Obama is likely to emphasize his core domestic priorities. When he does return to foreign policy matters after the address, Obama, like other “fourth quarter” presidents before him, will likely begin to sort the issues facing him in his last two years […]

When diplomats want to explore a way out of a crisis, they like to talk about striking a “grand bargain” and try to avoid the word “climb-down,” which tends to imply an acknowledgement of failure or defeat. Nevertheless, Russia and the United States, trapped in costly confrontations over Syria and Ukraine, may need to agree to a sort of “grand climb-down” that allows the two powers to get out of unsustainable positions as painlessly as possible. Moscow and Washington both begin 2015 stuck with the consequences of poor strategic bets. Russia’s intervention in Ukraine now looks like a truly disastrous […]