As China keeps extending its interests abroad, some predict that neighboring countries will form a coalition to counter it. Any of three states could take the lead on building such an alliance: India, South Korea, or Japan. Each has a different mix of technological, economic, and diplomatic power that — when combined with the resources […]
The financial crisis had many causes—too much borrowing, foolish investments, misguided regulation—but at its core, the panic resulted from a lack of transparency. The reason no one wanted to lend to or trade with the banks during the fall of 2008, when Lehman Brothers collapsed, was that no one could understand the banks’ risks. It was […]
A controversy erupted recently over Track Two discussions regarding the Siachen issue. “Track Two Diplomacy” is a term with which much mythology is associated. Some proponents believe that it can cut through the red tape of conventional diplomacy and resolve intractable problems. Critics argue that it is both a useless waste of time and a sinister plot […]
The Middle East faces even bigger challenges in 2013 than it did during the first two years of the so-called Arab Spring. So far—a pivotal caveat—the Arab uprisings have deepened the political divide, worsened economic woes and produced greater insecurity. Solutions are not imminent either. More than 120 million people in Egypt, Tunisia, Libya and […]
Leadership changes in China, Japan and South Korea along with the United States have marked another tumultuous year for the Asia-Pacific region. With 2013, the Year of the Water Snake in Chinese mythology, around the corner, what might be in store for the region’s economy? According to “feng shui experts” quoted byMalaysia’s top-selling daily The Star, the […]
THE denouement of the fiscal-cliff drama, unsurprisingly, ended up with a vote that split Republicans in the House. John Boehner, Paul Ryan and 83 other GOP representatives joined 172 Democrats in voting to pass the compromise bill crafted in the Senate that will raise taxes on income over $400,000 for individuals and $450,000 for couples. Just […]
To begin on a happy note, the world didn’t end this year. Dec. 21 came and went without a sign of the Four Horsemen, leaving the Mayans (or rather their ancestors) with egg all over their faces. It just goes to show the perils of prediction — but why would we let that deter us? […]
Not so long ago the question how to deal with China was an evolving conundrum. It is real now. As real as an elephant — looming large over all that it views, with a large appetite and largely prepared for a fight but peaceful until provoked. And just like the pachyderm, feared. In an increasingly […]
North Korean leader Kim Jong-un called for an end to confrontation between the two Koreas, technically still at war in the absence of a peace treaty to end their 1950-53 conflict, in a surprise New Year‘s broadcast on state media. The address by Kim, who took power in the reclusive state after his father, Kim […]
Though there was no major dissension at OPEC’s Dec. 12 meeting in Vienna, there were signs that Saudi Arabia and Iraq are headed for a face-off over how much oil to pump. Before the start of the meeting, Abdul Kareem Al-Luaibi, Iraq’s oil minister, told reporters that his country plans to produce as much oil […]
looking beyond borders 