A recent research report on the growing economic integration between China and North Korea by the minority staff on the Senate Foreign Relations Committee has attracted a bit of media attention. Like most other government documents,this report—titled, “China’s Impact on Korean Peninsula Unification and Questions for the Senate”— languished in obscurity until The Washington Post wrote a […]
Since World War II’s end, the dollar has been used to invoice most global trade, serving as the intermediary currency for clearing international payments among banks and dominating official foreign-exchange reserves. This arrangement has often been criticized, but is there any viable alternative? The problem for postwar Europe, mired in depression and inflation, was that […]
China, long a bystander to the conflict in Afghanistan, is stepping up its involvement as U.S.-led forces prepare to withdraw, attracted by the country’s vast mineral resources but concerned that any post-2014 chaos could embolden Islamist insurgents in its own territory. Cheered on by the U.S. and other Western governments, which see Asia’s giant as […]
There is a saying, “Once bitten, twice shy“. Russia and China claim to have been bitten once: when the West turned the United Nation’s Security Council resolution 1973 on its head and proceeded to invade Libya. Moscow and Beijing became shy when the West tried to do another Libya, over Syria. When the West mooted […]
Whatever may be said about India, it is obvious that no structural transformation of our largely poverty-stricken economy has occurred and what is more, none seems very likely in the immediate future. Not only have three decades of high GDP growth gone unaccompanied by a societal transformation, we seem to have regressed on certain fronts. Read […]
China voted in favor of a new sanctions resolution in the U.N. Security Council that condemned North Korea’s December 12 ballistic missile test and strengthened existing sanctions on the “Hermit Kingdom.” The vote is an important sign that the new People Republic of China(PRC) leadership is willing to use sticks to prod Pyongyang towards compliance with international non-proliferation norms. […]
After four years of international tumult, Hillary Clinton is preparing to step down as secretary of state. In addition to carrying out her traditional role as the nation’s top diplomat, Clinton has quietly used the office to help U.S. companies close deals with foreign governments—arguing that business and trade promotion are central to American strategic interests. Bloomberg Businessweek sat […]
For five years now, the Red October computer virus has embarked on a new brand of espionage, stealing emails and other encrypted classified documents undetected from diplomats around the world. Though the virus may now be in hibernation, it’s designed so that it can strike again at any time. Read Here – Der Speigel
Last week, tens of thousands of protestors descended into the heart of Islamabad, Pakistan’s capital, demanding that the federal government make sweeping electoral reforms and then give way to an army and judiciary-endorsed caretaker government that would oversee general elections. The protestors were dedicated, braving the cold, and, at times, rain, for four nights. They were disciplined, […]
This week the world’s wealthiest and the best-connected have gathered in Switzerland for the World Economic Forum’s annual meeting. An exceedingly diverse group of business and policy titans are schmoozing, paneling, and work-shopping their way through the world’s top intractables: climate change; a tattered euro zone; and who could forget the eternally vexing problem of “Catalysing Multistakeholder Value”? […]
