On this, the 100th birthday of Richard Nixon, the slogan from his first campaign for Congress is the salient fact: “One of us.” His dreams were ours — and so, in the end, were his sins. The life of no president says more about this country. Nixon’s accomplishments sing of the finest American attributes — […]
As Japan’s Liberal Democratic Party national defense task force announced on Jan. 8 that it would increase the nation’s defense budget by more than 100 billion yen ($1.15 billion), three of five scenarios explored by the defense ministry recently involve the Self-Defense Forces squaring off against the People’s Liberation Army (PLA). While contingencies involving North Korea’s ballistic […]
The energy map of the world is being redrawn — and the global geopolitical order is adrift in consequence. We are moving away from a world dominated by a few energy mega-suppliers, such as Russia, Saudi Arabia, and Venezuela, and toward one in which most countries have some domestic resources to meet their energy needs […]
U.S. Treasury Secretary Tim Geithner is calling it a day. So is Treasury’s Troubled Asset Relief Program, the $418 billion effort to rescue banks, automakers and other companies during the financial crisis. In announcing its intention to complete the sale of the remaining shares it owned in General Motors Co. (GM), American International Group Inc. (AIG) and 218 smaller banks, Treasury is essentially […]
In a little noticed event on New Year’s Day, China inaugurated its first non-profit organization dedicated to the promotion of soft power—China Public Diplomacy Association (CPDA). Foreign Minister Yang Jiechi attended and spoke at the unveiling ceremony for the group, which elected as its president Li Zhaoxing, the chairman of the Foreign Affairs Committee of China’s National People’s Congress. Addressing the group […]
The new Japanese prime minister reiterated his “values diplomacy” recently, confirming his nation’s “pillar” ties with the US and reaching out to two countries in particular, Australia and India. “Freedom, democracy, and fundamental human rights,” Shinzo Abe told the newspaper Yomiuri Shimbun in a December 28th interview. “We will deepen ties with nations that share and uphold these values.” […]
ON JANUARY 2nd front pages of many Chinese newspapers carried identical headlines. “Greater political courage”, they proclaimed, was needed in the execution of reforms. But even as they try to signal their openness to change, China’s new leaders are nervous of demands that they move faster to loosen the Communist Party’s grip. Most worryingly for […]
A QUESTION haunts America: Is it in decline on the world scene? Foreign-policy discourse is filled with commentary declaring that it is. Some—Parag Khanna’s work comes to mind—suggests the decline is the product of forces beyond America’s control. Others—Yale’s Paul Kennedy included—contend that America has fostered, at least partially, its own decline through “imperial overstretch” […]
2013 will be remembered as the year China became a more “normal economy”. What does normality mean for China? Soon-to-depart Premier Wen Jiabao’s oft-cited quote that China’s growth is “unbalanced, unsustainable and uncoordinated” is a good place to start. China was an abnormal economy with its state-led capitalist approach that produced double-digit growth rates, no […]
Four Asian countries are now purchasing nearly all of Iran’s oil exports according a report this week from the Economist’s Intelligence Unit (EIU). “Almost all of Iran’s oil exports now go to China, South Korea, Japan and India,” the report said even as it noted a sharp decline in the amount of oil each country purchased from […]
