By Dave Lawler
July 18, 2021
Hot spots have mushroomed across the world in 2021, adding multiple international crises to President Biden’s formidable domestic to-do list.
Why it matters: Cracks in the global order, which had been presided over by unrivaled American influence since the end of the Cold War, are growing. The proliferation of great-power flashpoints, and failing or failed states, creates new threats to American leadership — and to the global economy, which has been recovering.