Globalization has brought huge overall benefits, but earnings for most U.S. workers even those with college degrees -- have been falling recently; inequality is greater now than at any other time in the last 70 years. Whatever the cause, the result has been a surge in protectionism. To save globalization, policymakers must spread its gains more widely. The best way to do that is by redistributing income.

Liberal democracy, led by the United States, may have emerged triumphant from the great struggles of the twentieth century. But the post-Cold War rise of economically successful -- and nondemocratic -- China and Russia may represent a viable alternative path to modernity that leaves liberal democracy's ultimate victory and future dominance in doubt.

Americans are increasingly frustrated with Pakistan's counterterrorism efforts, but the United States should resist the urge to threaten President Pervez Musharraf or demand a quick democratic transition. Getting Islamabad to play a more effective role in the war on terrorism will require that Washington strike a careful balance: pushing for political reform but without jeopardizing the military's core interests.