As candidate for President, Barack Obama pledged to renew American leadership in the world in the wake of the ‘tragically misguided' thinking of the Bush administration.1 Yet the strategic issues that animated the candidate were subsumed by the financial crisis that was ultimately crucial in...

The man and the moment -- The politics of capture -- Continuity and collusion -- Missing a rendezvous with reform -- Crony capitalism -- Obama's loyal opposition -- Political malpractice -- Change we can believe in

As trade flows expanded and trade agreements proliferated after World War II, governments-most notably the United States-came increasingly to use their power over imports and exports to influence the behavior of other countries. But trade is not the only way in which nations interact...