Whatever the contradictions that are often part of any foreign policy chiefly when it says it is defending Human Rights, the United States has at least the clarity of pursuing a global objective publicly affirmed and generally supported by its people: world leadership. In the American vision of the world, unipolarity remains the keystone of the Project for a New American Century (PNAC) in contradiction with the recognition and the willingness of rival Russia, China – BRICS – to build a multipolar world.
The US Federal Reserve (Fed)’s monetary policy increasingly participates in the defense of US interests. The new rate hike due June 2016 will be mainly decided according to strictly national economic data, relegating to a secondary level the concern expressed by emerging economies of a stronger dollar (USD) and subsequent asset transfer to the US. Indeed, the national interest in a broad sense also – if not chiefly – includes the preservation, the creation and the gain of market shares, jobs and innovations.
“America first” is not only an election campaign slogan, this is reality based on the USD’s supremacy. Russia, China and the emerging economies as a whole actually pursue a similar objective of national preference within the framework of a multipolar vision that they deemed more favorable to their interests. In a changing global environment where the economic center of gravity is shifting towards Asia, tensions are growing even between “friends” as is illustrated by tax investigations in Europe against American giant companies like Google and McDonald’s.