FP This Week: Unveiling our new print issue

All about industrial policy. [Foreign Policy This Week]( March 27, 2023 | [View in browser]( To access all the benefits of an FP subscription, [sign in]( or [subscribe](. Thanks for reading. After the global financial crisis in 2007, a decades old trend of increased globalization started to reverse course. Now, after the COVID-19 pandemic snapped supply chains—not to mention Russia invading Ukraine and a brewing cold war between the United States and China—the world seems to be embracing industrial policy. In addition, countries are looking inwards rather than prioritizing trade. But what does that mean for the world? Since our quarterly print issue is a chance to explore the biggest questions of our time from a variety of perspectives, we decided in this spring’s edition to ask: What does this new era mean for the world? Ask Adam Posen, president of the Peterson Institute for International Economics, and he’ll [point out]( that shutting off from the world has consequences. This policy approach, championed by U.S. President Joe Biden and his predecessor, Donald Trump, is based on “four profound analytic fallacies,” says Posen, and is bad for everything from global prosperity to the quest for decarbonization. Eswar Prasad, a professor of trade policy at Cornell’s Dyson School, agrees, [arguing]( that poorer countries will bear the brunt of richer ones turning inward. In a [conversation]( with FP’s editor in chief, Ravi Agrawal, U.S. Trade Representative Katherine Tai counters critics of the administration’s industrial policy, pointing out that it is partly an outcome of politics itself, formulated in “the interest of all of America.” At FP we love a debate, and we want you to jump into this one. On Thursday, Posen will [join]( Agrawal for an FP Live on why he thinks U.S. industrial policy will backfire, and we want to hear from subscribers with ideas for questions. Sign up and submit your questions [here](. As a reminder, our new top tier of membership, [FP Insider]( goes one step further: You can interact directly with our editors anytime you like, not only with questions but also story ideas and comments to help shape our coverage. Thank you to everyone who supports our journalism, and see you in the comments section!—The editors --------------------------------------------------------------- New and Noteworthy - [The Aquarium of the World]( In Part One of our new season of The Catch, host Ruxandra Guidi, along with co-reporter Ernesto Méndez and marine biologist Alex Olivera, travel to the upper Gulf of California to meet with local experts and shrimp fishers. The underwater explorer Jacques Cousteau once deemed this area “The aquarium of the world” because it was so rich in biodiversity. But, unfortunately, much of this ecological wonder is under threat due to illegal gillnet fishing. Follow and listen to The Catch in Spanish and English on [Apple](, [Spotify](, or wherever you get your podcasts. - [Why Doesn’t the World Care More About the Uyghurs?]( “One aspect of the Uyghur genocide that has always confounded me is why outrage among the global public has been so muted,” FP’s Amy Mackinnon wrote this week. In [Flash Points]( you’ll find three possible explanations for the world’s silence, as well as more essays and reportage exploring how—and why—Xinjiang has fallen by the wayside. - [“Netanyahu Is Destroying Israel’s Democracy”]( Ehud Barak, Israel’s former prime minister who also served as the country’s defense minister and army chief, shared his candid thoughts about the escalating crisis in Israel on [FP Live](. Asked what happens next in the current impasse between the demonstrators and Israeli Prime Minister Benjamin Netanyahu, he said: “He will double down. We will double down. At the end, he will fall.” FP subscribers can watch the interview [on demand](. No time to watch? Join Insider to read a [distilled summary]( of the conversation. --------------------------------------------------------------- FP Live [Inside China’s ‘Two Sessions’]( March 28 | 12 p.m. EST This year’s meeting was the first since the end of zero-COVID restrictions and was also an opportunity to get an inside look into the Chinese leadership’s fears and priorities. The meetings came to a close shortly before Chinese President Xi Jinping met with Russian President Vladimir Putin in Moscow. How strong is the relationship between Beijing and Moscow? And, beyond the headlines, what can the world expect from the “two sessions” convening? What will it mean for China’s economy, defense budget, and foreign policy? Join FP’s Ravi Agrawal in conversation with Ryan Hass, Zongyuan Zoe Liu, and James Palmer as they decipher the news from Beijing. [Register here](. [Economist Adam Posen Explains Why He Thinks U.S. Industrial Policy Will Backfire]( March 30 | 11 a.m. EST Economist Adam Posen argues that for U.S. industrial policy to be successful and resilient, it needs to be barrier-free. He says the problem with U.S. policy isn’t just that it channels zero-sum thinking but that it is destined to backfire on a number of its goals, from job creation to innovation and decarbonization. Subscribers are encouraged to send in their questions. Posen will discuss his FP cover essay in a conversation with FP’s editor in chief, Ravi Agrawal. [Register here](. [Ukraine’s Battlefield Dynamics]( April 6 | 12 p.m. EST Russia has gone from one mobilization to the next, burning through equipment and ammunition faster than it can replace it—even resorting to the recruitment of prisoners to fight its drawn-out war in Ukraine. Meanwhile, Kyiv has received a major infusion of military aid from the West in the last three months. What are its chances of success in a forthcoming offensive? Join FP’s Ravi Agrawal for a discussion with James Stavridis, a retired four-star U.S. Navy admiral and NATO supreme allied commander. [Register here](. --------------------------------------------------------------- [Exercise Your Mind]( Last Tuesday, lawmakers in Uganda approved extensive new anti-LGBTQ legislation. Which of the following does the law not criminalize? - Abetting and promoting homosexuality - Identifying as LGBTQ - Allowing your property to be used for homosexual acts - Criticizing the government’s stance on gay rights You can find the answer to this question at the end of this email. [Click here]( to take the rest of our weekly news quiz. --------------------------------------------------------------- [It’s Debatable: What Does Xi’s Visit to Russia Mean for the World?]( China’s embrace of Russia seems politically risky but Beijing is also benefiting economically and emerging as the dominant power. Matthew Kroenig: Putin’s motivation for the meeting is easy to explain. He is now an international pariah, but this was an opportunity for him to show that he is still accepted by the leader of the world’s second most powerful country—even if it is increasingly as a vassal state. Xi’s motivation is more puzzling. His embrace of Putin and deepening of ties with Russia will further damage China’s image in Europe and the free world. In an interesting juxtaposition, Japanese Prime Minister Fumio Kishida was in Kyiv at the same time. The paired visits were a poignant symbolic and substantive reminder of how Beijing and Tokyo’s current alignment choices are roughly the reverse of their World War II positions. Some have speculated that Xi’s visit is part of a new strategy of writing off the United States and its democratic allies—which Xi sees as implacably opposed to China’s rise—and a move to deepen ties with Russia and become a leader of the developing world, all with the goal of creating a more multipolar distribution of power. It adds up, I guess, but it seems to be a continuation of Xi’s poor decision-making. The move will only further undermine China’s economic performance and worldwide diplomatic standing. Moreover, Beijing is now stuck paying the bills for a stumbling Russia and will likely see a poor return on that investment. It reminds me of the old joke that the only country that can contain China is China. Emma Ashford: I don’t know about that. You’re right that China increasingly appears to have written off the United States, which is not a surprise given that America has pivoted pretty sharply towards a policy of overt containment of China in the last five years or so. But I don’t think Beijing has written off Europe yet, and it certainly is trying to walk a fine line on the war in Ukraine, supporting Moscow economically but presenting a “peace plan” that would suggest to other countries it is looking for mediation opportunities… [Continue reading on Foreign Policy](. --------------------------------------------------------------- Most Popular on FP - [Xi and Putin Have the Most Consequential Undeclared Alliance in the World]( by Graham Allison - [America’s Zero-Sum Economics Doesn’t Add Up]( by Adam Posen - [It’s Time to Bring Back the Polish-Lithuanian Union]( by Dalibor Rohac - [What America’s Civil War Can Teach Us About Israel’s]( by Ian S. Lustick - [Iraqi Kurdistan’s House of Cards Is Collapsing]( by Winthrop Rodgers --------------------------------------------------------------- From Our Partners: [FP Climate Summit 2023]( April 26 | 8 a.m. EST | Washington, D.C., and virtual Join high-level experts for a full day of solution-oriented discussions on delivering climate commitments, fulfilling climate justice, and funding innovations for a sustainable future. Featuring a comprehensive agenda based on themes from COP27, we will explore how governments and organizations are making progress, identifying and implementing best practices, and navigating the road ahead to COP28. Sign up now to reserve your spot. [Register here](. --------------------------------------------------------------- Are you interested in learning more about FP Analytics’ cutting-edge research services, hosting an FP Virtual Dialogue event, or building a podcast with FP Studios? [Explore partnership opportunities]( Answer: 4.) Criticizing the government’s stance on gay rights. African countries have become increasingly anti-LGBTQ in recent decades, in no small part thanks to the efforts of U.S. evangelicals, Caleb Okereke [writes]( --------------------------------------------------------------- FOLLOW FP ON This email was sent to {EMAIL} because you are subscribed to the FP This Week newsletter. Want a friend to receive this newsletter? [Forward it]( now. Want to receive other FP newsletters? [Manage]( your FP newsletter preferences. [unsubscribe]( | [privacy policy]( | [contact us]( | [partner with FP]( Foreign Policy magazine is a division of Graham Holdings Company. All contents © 2023 Graham Digital Holding Company. All rights reserved. Foreign Policy, 655 15th St NW, Suite 300, Washington, DC 20005. [Link](