Across Asia, in places such as Myanmar, India, and Hong Kong, leaders that espouse nationalist rhetoric and bemoan their former colonial overlords see no issue with deploying laws designed by those foreign masters against their own people. These lasting vestiges of the British empire are draconian, overly broad, and vaguely worded, but they persist very much because of these traits, existing as powerful weapons of modern lawfare.
Japanese Prime Minister Yoshihide Suga received renewed commitments from the United States to the two sides’ alliance and the kudos due to the first foreign leader to be greeted by US President Joe Biden in Washington.
Data is now at the center of global trade. For decades, international trade in goods and services set the pace of globalization. After the global financial crisis, however, growth in trade plateaued, and in its place came an explosion of cross-border data flows. Measured by bandwidth, cross-border data flows grew roughly 112 times over from 2008 to 2020.
A more assertive China is extending its influence across the Indo-Pacific and around the world. Existing alliances and institutions aren’t up to the task of addressing the consequences, and domestic politics across the region mean that an “Asian NATO” is off the table. That’s where the Quad comes in…
The prospect of recovery from the COVID-19 crisis makes it all the more urgent to have a firm vision of how the burden of public debt can be reduced once the coronavirus has been vanquished. For this reason, every country must work on itself and strive to maintain budgetary discipline.
This diplomatic process, which is crucial to avoiding further conflict in the Middle East and allowing President Biden to focus on competition with China, will falter unless the Biden administration moves quickly. American negotiators should list the sanctions that the United States is prepared to remove in exchange for Iranian compliance.
Bill Clinton was fond of saying that when it came to elections it was the economy, stupid. Judging by his unusually large budget stimulus package so early in his Administration, it would seem that Joe Biden does not subscribe to Clinton’s view.
The spectre haunting India today is that its worst-case scenario in Afghanistan is becoming reality – a Taliban takeover. Delhi watches with disquiet the United States unceremoniously dumping its “conditions-based” troop withdrawal agenda, cutting loose and quitting the war.
If you wanted to find an original text for the Biden administration’s foreign policy, it would be an 83-page report by a Washington think tank released in the thick of the 2020 presidential race. In 2018, midway through Trump’s term, the Carnegie Endowment for International Peace set out to reimagine U.S. foreign policy.
To consolidate its post-pandemic growth momentum in 2021, China should not be in a rush to exit from expansionary fiscal and monetary policy. The government may have to issue more bonds than planned, and the People’s Bank of China may need to implement quantitative easing to facilitate this.