The Great Debate

— Bernd Debusmann is a Reuters columnist. The opinions expressed are his own —

The U.S. armed forces, the world’s most powerful, outnumber the country’s diplomatic service and its major aid agency by a ratio of more than 180:1, vastly higher than in other Western democracies. Military giant, diplomatic dwarf?

The ratio applies to people in uniform (or pin-striped suits). In terms of money, the U.S. military towers just as tall. Roughly half of all military spending in the world is American. Even potential adversaries in a conventional war spend puny sums in comparison. The 2010 defense budget now before Congress totals $534 billion, not including funding for the wars in Iraq and Afghanistan. China’s defense budget is $70 billion, Russia’s around $50 billion.

Is the huge imbalance between the size of the U.S. armed forces and the civilian agencies that make up “soft power” — chiefly the foreign service and the United States Agency for International Development (USAID) — destined to remain a permanent fixture in the political landscape?

The gap is not likely to shrink dramatically, despite a growing internal debate over how to balance the instruments of power. Ironically, the man who has provided some of the most memorable statistics illustrating the hard power-soft power gap is Defense Secretary Robert Gates, the only holdover from the cabinet of George W. Bush and President Barack Obama’s most inspired choice.

– Michael O’Hanlon is a senior fellow at the Brookings Institution. The views expressed are his own. –

It’s no great surprise in American politics these days, but already a great partisan debate has broken out about President Obama’s foreign policy effectiveness to date. For his enthusiasts, the United States has hit the “reset” button and is reclaiming its place as not only a strong country, but a respected leader among nations. For his detractors, Obama is making the world dangerous by apologizing for America’s alleged misdeeds of the past, naively talking with dictators, and cutting the defense budget.

And as usual, the truth is neither of these polar positions. But as a past critic of Obama, especially during his days of promising a rapid and unconditional exit from Iraq during the presidential campaign, I would nonetheless argue that he has done a good job overall, and that his supporters have the stronger case to date. Still, making too much of provisionally good decisions in the first 100 days verges on playing a silly game of Potomac Jeopardy that only the evening talk shows and political junkies really care about. The bottom line is that Obama is just getting started. But he is off to a more solid start than almost any of his recent predecessors.

– Preston Keat is director of research at Eurasia Group, a global political risk consultancy, and author of the forthcoming book “The Fat Tail: The Power of Political Knowledge for Strategic Investors” (with Ian Bremmer). Any views expressed are his own. For the related story, click here.

There are a number of macro risks that will continue to grab headlines in 2009, including the conflicts in Afghanistan and Iraq, cross-border tensions and state instability in Pakistan, and Iran’s 
ongoing quest to develop advanced nuclear technologies.

These risks are real, and will not be resolved easily or quickly. But there are two other general groups of political risks that could be defining both for investors and policy makers: first, the prospect of a number of interrelated market risks in developed and emerging Europe, and second, the challenges faced by the United States regarding multilateral leadership (particularly in the area of financial regulatory reform).

Salim Adil is an author for Global Voices Online, a website that aggregates, curates, and translates news and views from the global blogosphere. The opinions expressed are his own and those of the bloggers he quotes.

Will this become one of those moments in history? In years to come will you recount to your grand children where you were when an Iraqi journalist, Montather Al-Zeidi, threw his shoes at the president of the United States? For me I was at home just getting my kids ready to sleep when my father called me insisting that I simply had to switch on the television immediately.

Iraqi bloggers reacted in much the same way with a number who wrote their first new post in months just to make their comment. Abbas Hawazin went as far to predict that shoe throwing will now be part of mainstream culture and has gone to look for a good-sized shoe to carry in his pocket, “in case I need to make any public expression of anger should the case arise.”