FOREIGNAFFAIRS

Volume 95, Number 2

O SURVIVE SLOW GROWTH

The Age of Secular Stagnation

2

What It Is and What to Do About It

Lawrence H. Summers

Can Central Banks Goose Growth?

10

Bold Action Is Needed to Fight the Next DownturnJ. Tomilson Hill and lan Morris

The Demographics of Stagnation

18

Why People Matter for Economic GrowthRuchir Sharma

Middle-Class Heroes

25

The Best Guarantee of Good GovernanceNancy Birdsall

Eurasia's Coming Anarchy

33

The Risks of Chinese and Russian WeaknessRobert D. Kaplan

Is Innovation Over?

42

The Case Against PessimismTyler Cowen

March/April 2016

Kelly Greenhill ondemographic bombing.

Michael Kazin onDonald Trump.

A Michael Levi on thegeopolitics of cheap gas.

Learning to Love Stagnation 47

Growth Isn't Everything—Just Ask JapanZachary Karabell

The Good News From Google 54

A Conversation With Ruth Porat

ESSAYS

Fight or Flight

62

America's Choice in the Middle EastKenneth M. Pollack

ISIS Goes Global

76

Fight the Islamic State by Targeting Its AffiliatesDaniel Byman

Can China's Companies Conquer the World?

86

The Overlooked Importance of Corporate PowerPankaj Ghemawat and Thomas Hout

The Lost Art of Economic Statecraft

99

Restoring an American TraditionRobert D. Blackwill and Jennifer M. Harris

The Study-Abroad Solution

111

How to Open the American MindSanford J. Ungar

March/April 2016

Japan's New Realism

125Abe Gets ToughMichael Auslin

The Next Front on Climate Change

135How to Avoid a Dimmer, Drier WorldVeerabhadran Ramanathan, Jessica Seddon, and David G. Victor

REVIEWS & RESPONSES

What Rome Can Teach Us Today

144Ancient Lessons for Modern PoliticsMichael Fontaine

Hunger Games

150A History of FamineDouglas Gollin

Diplomacy Disrupted

156Foreign Policy in a Decentralized WorldCameron Munter

A Feminist Foreign Policy

162Hillary Clinton's Hard ChoicesSuzanne Nossel

Recent Books 168

Letters to the Editor 192

"Foreign Affairs . will tolerate wide differences of opinion. lis articles will not represent any consensosof beliefs. What is demanded of them is that they shall be cornpetent and well informed, representing honestopinions seriously held and convincingly expressed. . . It does not accept responsibility for the views in anyarticles, signed or unsigned, which appear in its pages. What it does accept is the responsibility for givingthem a chance to appear."

Archibald Cary Coolidge, Founding EditorVolume 1, Number 1 • September 1922

March/April 2016