How China’s Arctic Empire Will Upset The Global Balance Of Power
China wants resources to support its growing population, and the Arctic, with its untapped resources, offers those opportunities to mine natural resources. China’s lack of geographical presence in the Arctic has not stopped it laying out its 2017 launch of its Belt and Road Initiative, a massive infrastructure project encompassing 60 countries and designed to boost […]
Saudis Losing Oil War As Iran Gains Power
The Kingdom of Saudi Arabia’s (KSA) policies toward Yemen, Syria, Qatar, and Iran are failing. But the policy toward Iran shows the kingdom’s desperate attempt to lessen the Islamic republic’s growing power. The KSA is trying to choke Iran’s economy by steeply cutting its own oil output, hoping to halt Iran’s overtures to international businesses. […]
Making The Most Of A Coup
No state leader likes the thought of putschists plotting to bring him or her down. But Turkish President Recep Tayyip Erdogan certainly knows how to make the most out of a coup attempt. In the year since a faction of the military tried to overthrow his administration, the Turkish president has neutralised a large swath of […]
Japan’s Arms Merchants Are Off To A Rocky Start
When Japanese Prime Minister Shinzo Abe’s government redrew Japan’s self-imposed arms export restrictions in 2014, it hoped to spark a revolution in a domestic defense industry that had been isolated for almost 40 years. In part, it succeeded. In June, Japanese companies such as Fuji and Kawasaki Heavy Industries displayed military helicopters and warplanes at […]
The Secret History Of The Banking Crisis
The new central bank network created since 2008 is of a piece with the new networks for stress testing and regulating the world’s systemically important banks. The international economy they regulate is not one made up of a jigsaw puzzle of national economies, each with its gross national product and national trade flows. Instead they oversee, […]
The 30-Year Itch In India-China Ties
The stand-off at the India-Bhutan-China tri-junction reflects the dissonance in the Sino-Indian relationship, driven by a hardening of the Chinese stand on territorial claims. Some Indian analysts suggest a comprehensive relook at India’s approach to such assertiveness, while others believe such a “reset” is already under way. The last such “reset” of relations was in […]
The Gathering Storm Vs. The Crisis of Confidence
Are we living through an era that resembles the 1930s, when authoritarian leaders were on the march, democratic leaders failed to stand up to them, the international system buckled, and the world was dragged into war? Or are we living through something more like the late 1970s, when America, recovering from its long engagement in […]
Globally, More Name U.S. Than China as World’s Leading Economic Power
The past decade has witnessed significant changes in the global economy as many nations around the world have struggled with the Great Recession and its aftereffects. While the United States and other relatively wealthy Western nations have slowly bounced back from the crisis, economic growth rates have been low compared with those of China, India […]
High Noon In The Himalayas: Behind The China-India Standoff At Doka La
If you’re struggling to make sense of the latest standoff between the Chinese and Indian militaries 10,000 feet in the Himalayas, don’t fret: You’re in good company. The showdown at Doka La is the product of a multi-layered, multi-party dispute steeped in centuries-old treaties and ambiguous territorial claims. Only recently have sufficient details emerged to piece together […]