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.
The US intelligence community has put China at the top of its annual report of national security threats, warning of Beijing’s struggle to realise “an epochal geopolitical shift”, including increased air and naval operations in Asia intended to assert its control in contested areas.
It’s the 50-year anniversary of “The Ping Heard Round the World,” a Time Magazine headline in their April 26, 1971 edition. An unexpected invitation for the United States table tennis team to visit China in that year led to Nixon’s visit in 1972, which dramatically changed the course of history. The full story, however, is much more intricate and interesting, and Japan is at the center of it.
When Russian Foreign Minister Sergey Lavrov landed this month in Pakistan, marking Moscow’s first high-level ministerial visit to Islamabad in nearly a decade, the diplomat’s presence was laden with geopolitical intrigue. While Lavrov’s overt mission was to court Pakistan’s support for Russia’s new bid to promote a political settlement in war-torn Afghanistan, his unspoken agenda focused on indications the US will delay its avowed withdrawal from the war-torn nation.
Two new mega-projects connecting Central and South Asia could transform Eurasian security, significantly increase regional economic activity, and potentially bring peace at last to Afghanistan. But most of the world has so far paid little attention to important recent developments.