Cutting Back Is Inevitable

American defense planners therefore need to accept the obvious: budget cuts are here to stay. The time to plan for cutbacks and start reshaping the military was two years ago, when the writing was already on the wall. Since that never happened, the government must catch up fast. Read Here – Foreign Affairs

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How Good Is A De-Americanised World?

The realignment that is taking place is as much attitudinal as structural. By sheer dint of size and scope, if countries no longer look to the United States for leadership there will be global ramifications. In a world with multiple centers of influence, from China to Latin America to India and sub-Saharan Africa, new actors […]

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Missed Opportunity?

Obama’s failure to don a batik shirt for the closing photo shoot of the Asia-Pacific Economic Cooperation summit changes little. In addition, if the past is any guide, China’s leaders will once again overplay their hand. For many of its neighbors, China’s uncompromising stance on sovereignty over various disputed atolls and islands is just too alienating. Read […]

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Advantage USA

Beyond the bright prospects for the return to rapid U.S. economic growth and the resulting decline in federal debt as a percentage of gross domestic product, the U.S. will enjoy six major long-term advantages over its competitors. Read Here – Bloomberg

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…And Whatever Happened To Emerging Markets?

When the U.S. financial system crashed in 2008, market watchers were increasingly romancing the idea of a “decoupling” that would separate emerging-market fortunes from those of the subprime-hobbled U.S. Such economies as Brazil’s and China’s, the thinking went, had the demographics and national balance sheets to keep growing and wowing as America foundered. Never happened. Read […]

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