Trouble is brewing on the Nile. For years, use of the river was mainly about the needs of Egypt, by far the largest and most powerful riparian country in the basin. But since the Arab Spring of 2011, the situation has changed considerably. Egypt’s troubles over the last decade have weakened its ability to project power southward, while upper riparian states—Ethiopia in particular—have enjoyed a period of economic growth and relative stability, which has led them to look at the great river as an important national resource. Tensions have come to a head since Ethiopia announced the construction of the Grand Ethiopian Renaissance Dam (GERD), construction of which is now almost complete. Once full, the resulting reservoir will be larger than the whole of Greater London. Much of the water it holds would have previously reached Sudan and Egypt largely unhindered.

The idea of a “new middle” or “third way”—a blend of neo-liberal economic doctrines and social policies that was supposed to overcome the dichotomy between mixed economy and free market paradigms—more or less dominated U.S. and European politics for the last two decades. But today, this centrist consensus has been upended by a wave of populist, nationalist parties. Many have won over their electorates by questioning the benefits of free trade and globalization (as well as the international institutions that espouse them), while pursuing expansionary domestic economic policies.