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looking beyond borders

foreign policy and global economy

Archive for the tag “Economy”

What Team Will Xi Jinping Choose To Steer World’s Second-Largest Economy Into The Future?

President Xi Jinping’s key economic adviser Liu He is likely to be promoted to vice-premier in March, as Xi assembles a new team to steer the world’s second largest economy over the next five years, according to sources with knowledge of the arrangement.

Read Here – South China Morning Post

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An Election In Nepal, Decades In The Making

Addressing the legacies of Nepal’s past won’t be easy with the massive challenges that lie ahead: deep-seated political rivalries; ethnic, class, and regional divisions; and a lack of justice for victims of war crimes. But attempting to simply move forward won’t make them go away; it will ensure that they bring greater problems down the road.

Read Here – Foreign Affairs

The 28 People Who Are Shaping, Shaking And Stirring Europe

It’s impossible to know what the coming year holds for the European Union. But one thing is certain: The bloc’s leaders will spend much of the next 12 months wrestling with its future. That’s why Christian Lindner tops our list of the 28 people who will shape Europe in 2018. The pugnacious liberal leader occupies a key place in Germany’s politics: at the head of a conservative, Euro-cautious segment of the electorate. By pulling the plug on coalition talks in November, Lindner cast his country into political turmoil and ensured his place at the centre of the ensuing debate.

Read Here – Politico Europe

America Can’t Win The Drug War In Afghanistan

Indeed, the drug trade is a crucial part of Afghanistan’s economy, both in regions that the Afghan government controls and in Taliban-dominated regions. The Kabul government estimates that at least three million farmers make their living from that crop. In a desperately poor country, such income is often the difference between a decent lifestyle and destitution. U.S. leaders face a hopeless dilemma. If they press the government of President Ashraf Ghani to increase eradication efforts, then that move will alienate beleaguered farmers and drive them into the arms of the Taliban.

Read Here – The National Interest

The West Can’t Fix The Climate Crisis. Asia Will Have To Do It

The climate change talks in Bonn have now wrapped up with little firm action. Next year they move to Poland. But whatever is discussed or agreed in European cities over the coming years, the answers to climate change will not come from the west (beyond a few technological tweaks), but Asia.

Read Here – The Guardian

Fix The Roof While The Sun Is Shining On The Global Economy

The world economy is enjoying a synchronised recovery. But it will prove unsustainable if investment does not pick up, especially in high-income economies. Debt mountains also threaten the recovery’s sustainability, as the OECD, the Paris-based group of mostly rich nations, argues in its latest Economic Outlook. This report is the swansong of Catherine Mann, who was an outstanding OECD chief economist. It suggests that relief is legitimate, but complacency definitely is not.

Read Here – The Financial Times

China’s Crown Theorist

When, on October 25, 2017, seven men in black suits filed on stage in Beijing’s Great Hall of the People to announce themselves as members of the Chinese Communist Party (CCP)’s Politburo Standing Committee, only one face came as a surprise. It was that of Wang Huning, a longtime party ideologist and former professor of international politics at Fudan University in Shanghai.

Read Here – Foreign Affairs

Bitcoin Is A Delusion That Could Conquer The World

If every currency is a consensual delusion, then bitcoin, a digital cryptocurrency that changes hands over the internet, feels more like a consensual hallucination on psychedelic drugs.

Read Here – The Atlantic

Also Read: Why Bitcoin Fever Is A Bubble Waiting To Burst

Inside Pakistan’s Biggest Business Conglomerate: The Pakistani Military

In July 2016, the Pakistani senate was informed that the armed forces run over 50 commercial entities worth over $20 billion. Ranging from petrol pumps to huge industrial plants, banks, bakeries, schools and universities, hosiery factories, milk dairies, stud farms, and cement plants, the military has a finger in each pie and stands today as the biggest conglomerate of all business in Pakistan. However, the jewels in their crown are the eight housing societies in eight major towns where prime lands in well-manicured cantonments and plush civil localities in the possession of these societies are allotted to military personnel at highly subsidised rates.

Read Here – Defense One

Germany Seeks To Pick Up The Pieces

With coalition talks having collapsed, the country and the continent are now wondering what happens next. Blame is being heaped on the FDP, but the party could end up suffering mightily. Germany and Europe, meanwhile, are the biggest losers.

Read Here – Der Spiegel

 

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