We have updated our Privacy Policy and Terms of Use for Eurasia Group and its affiliates, including GZERO Media, to clarify the types of data we collect, how we collect it, how we use data and with whom we share data. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence, and our use of cookies described in our Cookie Policy.
Editor's Picks
Why can't the US seem to focus on the Asia-Pacific region instead of the Middle East?
In November 2011, President Barack Obama laid out his vision for America’s expanded role in the Asia-Pacific region, which soon became known as the "pivot to Asia.” American foreign policy, Obama announced, would be shifting its focus away from costly wars in the Middle East and towards strengthening partnerships in the Asia-Pacific to curb a rising China. In short, America’s 21st-century foreign policy would be pointed firmly to the East.
Fast-forward to 2023, and America’s “Pivot to Asia” is a little more complicated. The Israel-Hamas conflict, which could quite easily spiral into a larger regional war with the US and Iran, is only the latest example. And though not in the Middle East, the war in Ukraine remains one of the biggest and most expensive US foreign policy priorities. This is not, in short, the 21st-century foreign policy vision that President Obama had in mind.
And yet, if you talk to any American national security official, they’ll tell you that China’s rise remains Washington’s main national security challenge – after all, America’s biggest global rival is also one of its largest trade partners. That’s just one of the many reasons that President Biden and Chinese President Xi Jinping met at the sidelines of the Asia Pacific Economic Forum in San Francisco last month.
If the US is ever going to fully “pivot to Asia,” they must bring Japan along for the ride.
So, will 2024 be the year that the United States government makes good on decade-old pivot-to-Asia promise?
Watch the upcoming episode of GZERO World with Ian Bremmer on US public television (check local listings) and at gzeromedia.com/gzeroworld.
The U.S. 5th Fleet area of operations to help ensure maritime security and stability in the Middle East region.
In the latest example of rising tensions between Iran-backed militias and US forces in the Middle East, a US Navy destroyer on Sunday shot down several Houthi-launched drones that were attacking Israeli commercial ships in the Red Sea.
Houthi rebels, who are backed by Tehran, have taken control over much of Yemen through a brutal decade-old civil war. In October, the Houthis declared support for Hamas in the Gaza conflict, launching several missiles toward Israel — and dropping a slick music video for good measure.
In the weeks after Oct. 7, as the US moved more military assets into the region to discourage Iran from escalating, Tehran-backed militias rapidly increased small-scale attacks against US troops stationed in Iraq and Syria, prompting Washington to respond with airstrikes of its own.
The latest incident underscores the risk that the war in Gaza could flare into a regional conflict pitting Israel and the US against Iran and Iranian proxies such as Hezbollah in Lebanon, various militias based in Iraq and Syria, and the Houthis in Yemen.
Victories in state elections put Modi in commanding position for 2024
Prime Minister Narendra Modi being garlanded
Prime Minister Narendra Modi’s BJP Party wrested control of the states of Rajasthan and Chhattisgarh from the opposition Congress Party and held onto power in Madhya Pradesh in closely watched local elections over the weekend. The results bode well for Modi's chances of winning a third term as PM in national polls next year.
Modi’s tactic of campaigning personally for his party largely paid off, and why wouldn’t it? He is one of the most popular leaders in the world, with approval ratings well above 70%. His victory in next year's general election (as always, the largest democratic exercise in world history) is hardly in doubt.
India is now the fastest-growing major economy and its power on the international stage has never been greater — particularly as New Delhi positions itself simultaneously as both a leader of the Global South while also a partner to the US in Washington’s rivalry with a rising China. But the BJP’s better-than-expected performance is mainly a reflection of Modi’s successes at home.
Over the past nine years, Modi’s government has pushed through important big-picture economic reforms like reducing the tax burden and streamlining foreign investment, while also delivering practical improvements that have improved life for hundreds of millions of ordinary Indians, such as mass toilet installation and rural electrification. How do you not vote for the guy who made sure your kid has light to study by at night and isn’t missing school because of illnesses caused by poor sanitation?
Criticism from local activists and international watchdogs of Modi’s mistreatment of Muslims and other non-Hindu minorities simply hasn’t dented his popularity.
While Modi’s BJP isn’t a lock everywhere in India — Congress won the state of Telangana and a regional party won in Mizoram — the overall picture for Modi could hardly be better.
Ian Bremmer, president and founder of Eurasia Group and GZERO Media, delivered his landmark State of the World speech at the annual GZERO Summit Japan in Tokyo, hosted by Eurasia Group, the world’s leading geopolitical risk firm. In the speech, streamed live on GZERO’s website and on social media, Ian presented his vision for where the world is headed in 2024 and outlined the major themes and forces shaping the geopolitical landscape.
Watch the full speech in the video above and read his full remarks below.
State of World Summit speech 2023
At last year’s summit, I warned that our G-zero world, the lack of leadership in today’s international order and the geopolitical conflict that grows as a consequence, was gathering speed. That acceleration is only increasing today while international cooperation – multinational institutions, the alliances, the global supply chains that we all rely on – are losing their ability to absorb shock.
Today, when we speak of war, I have to specify which war we’re talking about. Is it the war that is remaking the security architecture of Europe? Or is it the war that is destabilizing the Middle East, and threatening global religious conflict? Or is it the war that the Americans are fighting among themselves? I have to be clear. We don’t want that.
Also, serious doubts have emerged about the economic well-being of China, the nation that along with the United States has done most in recent decades to power our global economy. Just how problematic is China’s post-pandemic recovery, and how are the anxieties in China from that weakness changing their already assertive foreign policy?
Serious doubts have emerged about the political well-being of the United States. People no longer look surprised when I warn that the world’s most powerful country has become the most politically divided and dysfunctional democracy of all the G7,though the United Kingdom is still competitive. For the US, 2024 is like Voldemort, it’s the year that we really don’t want to talk about. But it’s coming.
I’ll open this morning with these urgent challenges for the coming year and the unprecedented—in my lifetime at least—dangerous state of global politics.
All that said… there’s more good news than you’d expect. We just have to look for it. Opportunities created by new international players and by new technologies. They all deserve our attention. And I’ll get there.
But first, let’s start with crisis. And let’s start with the Middle East.
*****
Israel vs. Hamas
When we talk about Israelis and Palestinians, we have to decide how deep in the earth we want to dig to expose the conflict’s roots.
Since we’re talking about 2024, I’ll resist going back decades and centuries.
I will start with the terrorist attacks of October 7 and the now two-month war that has followed and is expanding, without guardrails. They come from two central realities. You will rarely hear people talking about both of them, they usually mention one…
One, Prime Minister Benjamin Netanyahu knows he can’t remain Israel’s prime minister without active support from political parties who believe God intends for Israel’s Jews to live on land still settled by and legally claimed by Palestinians. He has governed his country accordingly.
Two, a total failure of leadership on the Palestinian side, aided by the Arab world more broadly and most every international actor engaged in the Middle East conflict, has allowed Hamas – a terrorist organization – to act on behalf of the Palestinian men, women, and children that they use as human shields.
Hamas is responsible for the murder of 1,200 Israeli citizens, more than 90 percent of them civilians. In response, Netanyahu’s government feels entitled to eradicate Hamas… with little regard for the more than 2.3 million Palestinians who can’t escape the line of fire.
Israeli Defense Forces are today fighting across the entirety of Gaza, and the killing continues.
The United States government has at least little leverage over Israel – they are the most important ally of the US in the Middle East – though, given political challenges at home, less than many would think, to influence the conduct of the war and the scale of its carnage. The Biden administration, working with Qatar and the United Nations, has helped finally bring humanitarian aid to the Palestinians as well as securing the release of some, though not many, Israeli hostages and the Palestinians in Israeli custody have also been released.
The US has also pressed Israel to minimize civilian deaths as it works to destroy Hamas. But for most of the world, these moves are too little too late, and the United States government today finds itself nearly alone in supporting the continued war. It’s shocking to say, the US today is as isolated on this issue globally as Russia was when Putin invaded Ukraine two years ago.
President Biden has had more success, at least so far, in avoiding a massive expansion of the war beyond the borders of Israel and Gaza. That work will become more difficult as the next phase of the war in Gaza advances and as we have just seen, the Houthis in Yemen are expanding their attacks on American military vessels and commercials transit.
The US officials know that Iran has leverage too… in its material and moral support for Houthi fighters in Yemen, for Hamas, for Hezbollah in Lebanon, for militant groups in Iraq and Syria. Iran is funding, training, and arming these forces. It isn’t directly ordering these attacks but it certainly appears happy to see them. And when it comes to Israel, there are no differences of opinion between Iran and these terrorist groups—none of them recognize the right of Israel to exist.
Under no circumstances will President Biden renounce the US alliance with Israel–but Israel has permanently lost some of its traditional support inside the United States. American public opinion has shifted with the nation’s demographics. Younger voters increasingly supporting Palestinian position. More Americans are publicly questioning its continuing occupation of the West Bank and even Israel’s basic commitment to democracy. These concerns will grow.
This morning, we are not close to any resolution of this war or of the broader Israeli-Palestinian conflict. Indeed, for now the war is set to further escalate.
Russia vs Ukraine
Then there’s the Russia-Ukraine war that no one asks me about anymore. Have to say I’m a little annoyed about that—I wrote my dissertation on Russians in Ukraine back in 1994. So, you’ll all have to humor me.
At last year’s summit, I noted that Russia controlled about 20 percent of Ukraine’s territory, and that Ukrainian forces were unlikely ever to evict Russian fighters fully. Today, twelve months later, very little has changed—that which has, has been negative. Again, a conflict that, for now, does not have guardrails.
In the past year, Vladimir Putin followed through on threats to exit a deal, agreed with the United Nations, that allowed Ukraine to export grain through the Black Sea. He also formally annexed some of this occupied land into the Russian Federation, though almost nobody in the world actually recognizes it.
Ukraine’s counteroffensive has moved the front line less than 25 kilometers since the operation began this past summer—and with Ukraine’s installation of defensive fortifications, it’s safe to say the counteroffensive is over.
While in Russia, a sudden failed mutiny aside—I’ll say the name Prighozin, only because we’ll never have to mention it again—Putin’s strategic position has improved over the past year—and especially over the last two months.
New questions have emerged about the staying power of Ukraine’s main backers in America and Europe. In the US, in particular, the Kremlin is encouraged that Republicans increasingly do not want to spend money on Ukraine, and that’s particularly true when Trump gets the nomination, and when the Republican party gets behind him. Zelensky, not Putin, now faces increased pressure to move toward a negotiated settlement.
Putin’s international standing is now less isolated. The Gaza war has helped Moscow argue that Americans are hypocritical neocolonialists who care more about power than about the lives of innocent people. This message plays very well across the Global South. It also threatens to create divisions in the transatlantic alliance, which rallied so effectively in the early stages of the war.
In recent weeks, Russia has expanded missile strikes across Ukraine to the highest levels we’ve seen this year. Higher oil prices have helped boost Russia’s domestic production of missiles to greater levels than before the war started. North Korea is helping supply more of both, which China is not happy about, and Iran continues to provide drone aircraft on the ground in Russia. An additional troop mobilization in 2024 (that Ukraine will struggle to match) might even help Russia take more territory.
In Europe, support for Ukrainian refugees remains high, but countries now have much less capacity to absorb refugees or pay for financial help for the war effort. That means that Europe is becoming less certain for its economic support for Ukraine just as the United States is becoming less certain in its military support for Ukraine. And if Donald Trump is again elected president of the United States next November, right now a coin flip, Putin’s hopes for success in Ukraine will grow greater.
We know what the outcome is. Partition. Ukraine can’t get their land back. Nobody is going to formally announce that, of course. It’s unacceptable to the United States, Europe, and most of all the Ukrainians. But we live with lots of things that are unacceptable—a North Korean nuclear arsenal, Assad in power in Syria, the end of democracy in Venezuela. The critical question in the coming months is can the US and Europe provide enough security and economic guarantees that they can continue to plausibly be aligned with each other, with Zelensky and the Ukrainian government, creating a European and a NATO future for the majority of Ukraine that they still have control over.
I want to be clear, none of this will resolve the war. Ukraine risks losing, but Russia doesn’t “win.”
Whatever longer-term gains Russia’s forces can make on the ground in Ukraine, NATO is expanding. This month, the EU will open a process for Union membership for Ukraine, Georgia, and Moldova, also an option that wasn’t on the table before Putin ordered his invasion.
Russia has faced 11 rounds of sanctions from the European with more coming. Half of its sovereign assets have been frozen. Europe will not buy Russia’s commodity exports, which must still be sold to China, India, and others at discounted prices. Moscow will be left much more deeply dependent on China. All this damage for pieces of eastern and southern Ukraine that will take years to consolidate.
It leaves us with a bigger problem. Russia remains on the road to permanent rogue state status. Seriously in decline and seriously angry at the West. The first time that’s ever been true of a G20 economy...never mind one with 6,000 nuclear weapons. We won’t be talking as much about Ukraine in another year, I’ll have to get over it. But I fear we’re going to be talking a lot more about Russia.
China’s challenges
Now we turn to China. The economic situation in China is very serious and it’s very easy to explain: The “China Growth Engine” no longer works the way it used to. The 40 years of economic expansion are over.
Youth unemployment stands at record highs. Manufacturing activity is contracting. The property sector, making up a fifth of the economy (not to mention 2/3 of China’s household wealth and about 40% of the collateral held by its banks), is in serious trouble. Exports have declined on the back of inflation and historically high interest rates in the US and Europe. Foreign investment has turned negative for the first time since we’ve recorded the data.
Property prices are declining, household wealth is contracting, and borrowers are no longer willing to underwrite property construction. That triggers a wave of defaults from developers and lenders. Revenues for local governments are drying up even as their debt servicing costs rise. Domestic demand is stagnant, slowing growth further. China’s government has responded with limited stimulus, but large-scale bailouts are off the table for now.
Headline growth may well come in at 5 percent this year, but the economy faces deflation created by persistently weak consumer spending, slowing private investment, overcapacity and mounting financial stress. Next year’s growth target might be high, but the leadership is right to focus more on the quality of the growth than its absolute level. The IMF now expects the Chinese economy to grow under 4% a year for the coming years; absent reform it could go lower. Unfavorable demographics, chronically high debt, and intensifying geopolitical competition with the United States and its allies have made a bad situation worse.
The Chinese people are worrying if the next generation will be better off than the present one for the first time since the 1980s. The increasingly centralized, opaque, and capricious nature of Chinese policymaking – and a series of disruptive domestic policies – tech crackdowns, the zero-COVID lockdowns and abrupt exit from them, and raids on foreign firms – has undermined confidence.
The positive story is that China remains a highly competitive economy, with advantages in manufacturing, renewable energy, and electric vehicles as well as leading-edge innovation in frontier industries like advanced computing, AI, and biotechnology. It has an educated workforce, increasingly world class infrastructure, and an innovation ecosystem that is a major source of strength.
China is also politically stable. Which allows President Xi to avoid the temptation to revert to debt-fueled growth if he chooses. Only a systemic financial contagion or mass protests, neither of which looks likely in 2024, could force his hand. Instead, he will simply add stimulus at the margins and call on China’s people to persevere.
The risk is that the wrong policy choices could leave China’s economy in a scenario of prolonged deflation, stagnant growth, and high indebtedness Japan faced in the 1990s, but at a much lower level of development.
A silver lining: All of this has fostered the charm offensive we’ve witnessed in past months is likely to remain strong...even if it’s only a “tactical” retreat, because China’s economic problems aren’t going to be resolved anytime soon. The question is how much the Smile Diplomacy can accomplish, and where a “thaw” opens up short term opportunity for both governments and businesses.
The fentanyl deal is one of the biggest positive stories that we’ve seen between the US and China in decades. We had a very productive meeting between Xi and Biden at the APEC Summit, and the Chinese officials are hopeful that this momentum will continue. So, unlike the conflicts that I just talked about in the Middle East and between Russia and Ukraine, the US-China relationship has interdependence and does have guardrails. In the environment of great instability, that is meaningful for the world.
The two countries are still continuing down the path toward a technology cold war, with Americans using export controls to limit China’s development of world-class semiconductors and artificial intelligence, while the Chinese use critical minerals and green tech for much the same purpose.
But the Biden-Xi meeting, and the months of careful diplomacy that led up to it, reminds that the governments of both countries are geopolitical adults. Both prefer stability to chaos. Each has tried to contain the damage from international emergencies.
So, while the United States and China have very different views of the war in Ukraine and Israel’s war with Hamas, both Washington and Beijing have carefully avoided action that might expand the fighting’s fallout. Especially with the economic challenges I’ve described, Beijing remains geopolitically risk averse. China’s approach to the rest of the world is still driven mainly by economic, not political, or ideological, incentives.
The exception is in areas Beijing considers to be within China’s sphere of influence, most critically in Taiwan. Voters on the island will elect a new president in January. If they choose William Lai, the candidate Beijing warns will harm cross-Strait relations—and that looks more likely than not--tensions will rise between China, Taiwan, their neighbors, and the United States. But no matter the outcome, China is in no position to start a destructive and unpredictable war in a time of economic anxiety. Overall, 2024 looks comparatively benign for the US-China relationship (yes, in part, because lots of other things look worse).
America’s political dysfunction
Even though the economy is doing well in the US, the system is in crisis.
How dysfunctional is it?
Earlier this year, personal rivalries among Republican lawmakers left the US House of Representatives without a leader – and, therefore unable to pass legislation – for the longest period in 160 years. The last time divisions within the House stopped business in this way, the main issue dividing them was the legal status of slavery.
Now we face the 2024 presidential election. I can’t avoid it, much as I’d like to. We’re on track for a rematch: President Joe Biden vs former president Donald Trump.
Polls paint a bleak picture: just 37% of Americans approve of Biden’s performance as president. About 65% of voters don’t want him to be president again. More than 70% of likely voters say the 81-year-old Biden is too old for the job.
On the other side, there is the twice-impeached, twice-acquitted Trump. Let’s review the record.
After he was defeated for re-election in 2020, Trump refused to concede his loss, created a plan to remain in power that has now landed him in court, and incited a violent insurrection to stop the formal certification of Biden’s victory.
He has been indicted in four separate criminal cases and, unless he’s elected next year, faces prison. In a civil case, a jury found charges that Trump had raped a woman in the mid 1990s to be “substantially true.”
Just 38% of Americans approve of his four years as president, 60% don’t want him back in the White House. And he now leads all other Republican 2024 presidential candidates by more than 30 points.
Can Trump be president again? Absolutely. If the election were held today, Trump would win. The outcome now looks like a coin toss.
Biden does have one important advantage: There has never in American history been an election in which the challenger’s reputation matters at least as much as the incumbent president’s. And that will make this race unusually – perhaps uniquely – difficult to forecast.
For now, we can say that an economic slowdown in 2024, further age-related decline for Biden, deeper fractures over Israel among Democrats, or early court victories for Trump would further reduce Biden’s chances.
But a US economy that avoids recession, clearer signs of age-related decline for Trump, policy overreach (especially on abortion) from congressional Republicans, or an early criminal conviction in one of Trump’s several trials would tip the scales further in Biden’s favor.
In the meantime, other governments – allies and rivals of the United States – are already calculating the opportunities, costs, and risks that US elections might create for them. In Beijing, in Tel Aviv, in Brussels, and here in Tokyo, policymakers must reckon with an unprecedentedly uncertain US election outcome that will impact the global role of the world’s most powerful country.
********
As we turn to 2024, there are also positive emerging stories that deserve much more attention than they receive, trends that promise both more stability in geopolitics.
India
I’ll start with India.
For all its many shortcomings, India is a politically stable democracy, and the stall of China’s growth has made India’s historic economic expansion that much more important for the global economy. But this isn’t India’s most important contribution to the world in 2024.
Instead, I’m highlighting India today because of its emerging role as crucial bridge between the Global South on one side and the United States, Japan, and Europe on the other. It’s hard to overstate the geopolitical importance of this leadership role for Delhi.
Today, much of the developing world feels ever more alienated by the role the United States and advanced industrial economies more broadly play in international politics and the global economy.
The pandemic, climate change, Russia-Ukraine, the Middle East. They endured all the challenges, they see that the industrialized countries do not pay attention to them; they see how much the Western powers care about Ukrainian refugees and how little they care about people in other parts of the world.
But when India, the biggest, strongest economy in the developing world, a country whose independence of thought and action is not in question, works to strengthen its relations with the United States and its G7 allies, that’s a strong recommendation for pragmatic relations with the West.
India’s role as bridge makes existing global architecture both more stable and more inclusive. It helps prevent a China-led and still-expanding BRICS partnership from becoming a geopolitical counterweight to the G7.
Further, India is one of the very few countries in the world—certainly the largest—where the implications of the 2024 US election don’t particularly matter. Modi has proven he can get along with both Biden and Trump.
Will India’s current foreign-policy direction outlive Modi and the growing pains it will surely face? We can’t yet say. But for 2024 and the foreseeable future, the world has picked up surprising geopolitical resilience from India’s new role.
Europe
Next up, the European Union.
No question, Europe faces strong economic challenges in 2024, not to mention the rise of populism in countries across the continent, low economic growth.
But a series of crises over the past decade—the pandemic, climate change, the Russian invasion and Brexit—has solidified the multinational political commitment to the world’s most ambitious experiment in supranational governance—the European Union is strengthening as an institution.
The EU now has a more centralized authority over fiscal and economic challenges, climate and energy policy, data policy, health policy, and other critical aspects of state governance.
A stronger EU leaves euro-skeptics in France, Italy, and other EU states groping for new political arguments. Italy’s prime minister Georgia Meloni has moderated her country’s budget-busting economic populism. Voters in Poland have pushed out their country’s Brussels-defying illiberal government. Fist-shakers like Hungary’s Viktor Orban are left without leverage to extort concessions from EU institutions.
And though populists have scored recent gains in the Netherlands, Slovakia, and Germany, none of this has undermined the strength of the European Union—and they won’t matter to EU elections next year.
There is still plenty of anger directed at Brussels bureaucrats and much resistance to more centralized EU decision-making. But as we enter 2024, the European Union’s social contract has never been stronger, more resilient, and more necessary.
Mexico
There’s Mexico. Like India and the EU, Mexico will hold elections in 2024, but here a term-limited leader must step aside.
Mexico is an increasingly dynamic economy that is strongly integrated into the new US-Mexico-Canada agreement and a lead beneficiary of a growing trend of nearshoring of investment and production. It helps, of course, to be lead trade partner of the world’s largest economy, but the country’s political predictability is helping it capture more benefits from that relationship.
Likely incoming president Claudia Sheinbaum has the backing of enormously popular outgoing leader Andres Manuel Lopez Obrador, but she’s also a committed technocrat and former climate scientist with strong relations with the business community built through her work as mayor of Mexico City. In a country with one of the largest and most talented bureaucratic classes in the developing world, it’s hard to overstate the value of those connections.
Just as India can bridge Global South and the G7, Sheinbaum can create better opportunities for new links between North, Central, and South America—the most geopolitically stable region of the world (something that increasingly matters when you’ve got wars raging and defense spending skyrocketing most everywhere else).
This push for greater hemispheric integration in the world’s most stable region will be important for years to come. The domestic and regional politics won’t favor a new multilateral trade deal for the foreseeable future, but we’re liable to see something stronger and more durable here than the Indo-Pacific Economic Framework for Prosperity, because the public-private partnerships can help create something increasingly close to a regional US-led Belt and Road-style project for the Americas. It will be bolstered by new tech and energy investments and alignment, with support from the World Bank.
The Divided States of America
And while we’re in the Western hemisphere, I’m glad to have some good news to report on political culture in the United States.
Not about Washington, to be sure.
But… though Americans hold their national political institutions in historically low regard, that’s not true at the local level. In fact, the decentralization of US politics has allowed for a free market of political strategies driving some of the most remarkable growth and human capital attraction in the developed world.
Among so-called blue states, those that favor Democrats, the Bay Area in Northern California, home to Silicon Valley,leads the way in global artificial intelligence development. That, in turn, has led a startling economic turnaround in San Francisco, a city long home to one of the country’s worst examples of wealth inequality and urban blight.
The greater New York City areais arguably the world’s most global metroplex for its availability of capital and its power to attract diverse top-level talent. It also remains the epicenter of global finance.
Among red states, those that support Republicans, Texas has not only rebounded to hit record levels of fossil fuel production, but has also seen genuinely explosive growth in post-carbon energy production and supply chains. This state now leads the country in both.
And south Florida’s ability to attract and drive finance, banking, and tech has powered one of the most remarkable surges in inbound investment growth in the country.
It’s important to remember the economic scale here. Florida’s economy is larger than Turkey’s. New York’s economy is larger than South Korea’s. Texas’ economy is the same size as Italy’s. California’s economy is larger than Britain’s.
Blue and red states represent radically different growth models, but the decentralization of political and economic power nationally allows the United States to become a laboratory of competing geopolitical and socioeconomic experiments on the scale of major industrialized countries.
Add record levels of federal infrastructure investment, the impact of industrial policy from the Biden administration, and US job creation through the pandemic, and there’s good reason to believe the United States will have plenty of growth despite the increasingly alarming dysfunction in the nation’s capital.
Japan
You’ll note Japan isn’t on this list.
I’ve honestly been surprised at how low Prime Minister Kishida’s popularity is here right now, given how well he’s respected in government and among the business community in the United States. We need more of Japan – in my speech and in the world.
A lot of people in the United States criticize the United Nations. I think it’s because we’re a little ashamed that when we look at the UN, we see that the US doesn’t reflect a lot of the values that we built in 1945.
Japan reflects those values. It reflects those values today as the largest, most powerful country in the world that reflect the values that the Americans stood for so proudly at the end of WWII: rule of law, transparency, multilateralism, the desire to consider wellbeing of 8 billion on the planet, not just a small number of citizens that we connect with every day on social media.
I can’t say how important that is. It makes me very proud to have started our GZERO Summits here in Tokyo. We’ve worked here for a long time with so many of you, as partners and friends, and we’re not going anywhere, we’re here to stay.
On that note, I want to thank you all for listening, for joining us, and I think we will have a very exciting day.
Thank you very much!
Want more of Ian Bremmer’s thoughts and insights on geopolitics? Subscribe to his free daily newsletter.
Every day, GZERO gives you exclusive content, more Ian videos, Ian’s own Wednesday newsletter, and lots more. Subscribe now and join Ian’s GZERO community.
Venezuela's President Nicolas Maduro shows his ballot during a referendum over Venezuela's rights to the potentially oil-rich region of Esequiba in Guyana, in Caracas, Venezuela, on Dec. 3, 2023.
Venezuela held a referendum Sunday on proposed statehood for the oil-rich region of Essequibo, currently governed by neighboring Guyana, with more than 95% reportedly voting to approve the proposed takeover.
At 61,600 square miles, Essequibo comprises two-thirds of Guyana’s territory and is home to 125,000 of its 800,000 citizens. An international arbitral tribunal awarded the area to Britain in 1899 when the latter controlled British Guiana, but Venezuela has never recognized the ruling. Its contestation took on new life after ExxonMobil discovered oil in Essequibo's offshore waters in 2015, leading to a case before the International Court of Justice at the Hague that remains unresolved.
Venezuela’s referendum asked its citizens five questions, including whether they agreed with creating a new state called Guayana Esequiba, granting its population Venezuelan citizenship and identity cards, and including the new state in the map of Venezuelan territory. While the ICJ urged Venezuela to refrain from “taking any action” on the proposals, it did not ban the holding of the referendum.
Guyana fears the referendum is the first step to a takeover. “This is a textbook example of annexation,” Paul Reichler, an American lawyer representing Guyana, told the ICJ. But Venezuelan President Nicolás Maduro disagreed, saying, “We are solving through constitutional, peaceful, and democratic means an imperial dispossession of 150 years.”
Before the vote, his government poured considerable resources into Essequibo-themed music, nationally televised history lessons, murals, events, and social media content to bolster the "Yes" vote. Observers see the referendum as a means of distracting the nation from calls for free and fair conditions in next year’s presidential election, as well as from the US government’s demand that Maduro release political prisoners and wrongfully detained Americans. Analysts say the creation of a Venezuelan state in Essequibo is highly unlikely.
Knowing the referendum would pass, Ian Bremmer tweeted that he was "deeply skeptical we are on the brink of war," especially since China, Venezuela’s close friend, owns a piece of the massive oil find Maduro claims.
Thick smoke rises from buildings after an Israeli air strike on the city of Rafah in the southern Gaza Strip.
War has resumed in Gaza following the end of the seven-day ceasefire between Hamas and the state of Israel, with each side claiming the other caused the collapse. Beyond the blame game, however, where do things go from here?
Hamas and the hostages
To date, Israel has grappled with two key objectives: destroying the Hamas threat and recovering all hostages. With the breakdown of negotiations and the revelation that many hostages are in the hands of groups other than Hamas, the second objective has become more difficult. Nonetheless, the White House is reportedly pressuring both sides to come back to the bargaining table.
Some US politicians would take a different approach. Sen. Lindsey Graham, R-S.C., told CNN’s “State of the Union” on Sunday that the hostage impasse could be resolved by threatening Iran, the sponsor of Hamas. “I would go to Iran and say listen, you need to tell Hamas to let these hostages go,” he said. “If you don’t, you’re going to start paying a heavier price.”
Another pressure point could come if Israel achieves more of its military objectives, including the assassination of senior Hamas leaders. Israeli political analysts said the death of Yahya Sinwar, the presumed architect of the Oct. 7 attacks, would be considered a victory. “If the Israeli military succeeded in assassinating a major Hamas figure, I expect Netanyahu would seek to take credit,” said Anshel Pfeffer, a columnist for Haaretz newspaper, and author of “Bibi: The Turbulent Life and Times of Benjamin Netanyahu.”
Bibi in the balance
At stake is not just the fate of the remaining hostages and the Palestinians in Gaza, but the political future of Israel’s Prime Minister Benjamin Netanyahu. A whopping 80% of Israelis believe Netanyahu was responsible for security failures that led to the attacks of Oct. 7. Netanyahu is now facing even greater criticism after it emerged that his government dismissed intelligence reports about potential Hamas attacks a year ago.
Since the start of the war, Netanyahu’s polling numbers have declined steadily. In the most recent poll released on Friday by the Israeli newspaper Ma’ariv, 30% of respondents said that Bibi was the best fit for prime minister, while 49% preferred former Defense Minister Benny Gantz. On top of this, Netanyahu’s trial on corruption charges, which had been suspended, resumes today in the Jerusalem District Court. If convicted, Bibi could face several years in jail unless his political allies come to his aid, either by legalizing some of the “crimes” he is accused of or stopping his trial entirely.
After weeks of devastating fighting, Qatar helped mediate a temporary truce between Israel and Hamas that opened the door for exchanges of hostages and prisoners. So how has Qatar, a nation that doesn’t have official diplomatic relations with Israel, played such an outsized role in this process?
Why Qatar: The Gulf state has repeatedly served as a mediator in conflicts across the Middle East and beyond, offering itself as a bridge of communication between historic, bitter adversaries like the US and Iran, the US and the Taliban, Ukraine and Russia, and Israel and Hamas. The tiny, gas-rich, wealthy nation has sought to boost its global profile over the past decade or so by serving in this capacity – and it’s had help from the US government along the way.
Qatar is home to the largest US military base in the Middle East – Al Udeid Air Base, which the US has been operating out of since 2001 – and its role as a mediator has “been largely a strategy pursued in coordination with Washington to deal with different regional issues,” says Ayham Kamel, head of Eurasia Group’s Middle East and North Africa research team.
But it’s also in Qatar’s DNA. Mediating conflict, says Patrick Theros, former US ambassador to Qatar, is “quite literally in Qatar’s Constitution,” and it’s seen as a key part of the country’s national security strategy.
Stability starts at home. Qatar views mediation as a vital means of maintaining regional stability and reducing its own security risks. “Qatar is, by citizen population, the smallest state in the Gulf region and, per capita, the richest in the Gulf and arguably the world. It is surrounded by predatory larger and stronger neighbors,” Theros notes.
Qatar was blockaded from 2017 to 2021 by Saudi Arabia and three other Arab countries that accused Doha of supporting terror groups and of being too close to Iran. This episode highlighted the risks that Qatar’s approach to foreign affairs can pose, but those risks have also paid off in big ways.
The US, which played a role in ending the blockade, clearly sees Qatar’s desire to be a peacemaker in a prickly region as advantageous to its interests. In October, US Secretary of State Antony Blinken lauded Qatar as a “close partner” to the US on a range of crucial issues.
Doha has secured the “protection of powerful outside powers” like the US by making itself “indispensable” with its mediation efforts, Theros said.
Elements of leverage: Qatar has been engaging with Israel since the 1990s, and since 2012, it has also hosted a political office for Hamas, which Doha says was opened at the request of the US. This gives Qatar a degree of influence over the militant group, and some exiled senior Hamas officials live in Qatar, which has also poured hundreds of millions of dollars of aid into Gaza.
Doha maintains “good credible relations with a lot of less than nice parties” that Washington can’t engage with directly and has hosted groups like Hamas and the Taliban “at the express request of the US,” says Theros.
Some prominent Israeli politicians are not thrilled that Qatar has been tapped as a peacemaker in the conflict given its relationship with Hamas. There has also been some pushback regarding Qatar’s ties to Hamas from pro-Israel politicians in the US. But Doha maintains that keeping the Hamas office open allows Qatar to be a channel of communication, which benefits the US and Israel, as we’ve seen this past week.
“In the Israel-Hamas conflict, Qatar has proven itself to be one of the few viable channels to pressure Hamas to conduct deals on releasing Israeli hostages,” Kamel says. “At this point, the US is leveraging Qatar's influence to release as many hostages as possible while still maintaining support for Israel's objective of eliminating the Hamas threat.”
Latest
Ian Explains: How is America's "Pivot to Asia" playing out?
US interrupts another Houthi drone attack
Victories in state elections put Modi in commanding position for 2024
State of the World with Ian Bremmer: December 2023
Maduro’s weapon of mass distraction
With the ceasefire over, it’s back to war for Israel and Hamas
How Qatar became the mediator
