The biggest risk of conflict in the twenty-first century stems from not settling the conflicts of the twentieth century. Can Asians embrace a cartographic pragmatism similar to what they have achieved in the economic and social spheres? Read Here – The National Interest
Observers of US-China relations increasingly talk of a new cold war. On top of a long-running trade war, the two countries now find themselves in a destructive cycle of mutual sanctions, consulate closings, and increasingly bellicose official speeches. Efforts to decouple the US economy from China’s are underway as tensions mount in both the South […]
Henry Kissinger observes that the current state of U.S.-China relations reminds him of the period before World War I when Europe’s leaders would not have made the decisions they did if they had known the horrible consequences—twenty million dead. Read Here – The National Interest
Before COVID-19 shut down entire sectors of the US economy, the US workforce was becoming increasingly polarised along educational, racial, and geographic lines. Now, those trends have been accelerating, underscoring the need for a smart, worker-focused policy response. Read Here – Project Syndicate
Sri Lanka’s powerful Rajapaksa brothers have secured a landslide victory in the country’s parliamentary election, according to final results. Prime Minister Mahinda Rajapaksa’s Sri Lanka Podujana Party (SLPP) won 145 seats and can also count on the support of at least five allies in the 225-member legislature, according to the results released on Friday. Read […]
For the Middle East’s oil exporters, COVID-19 has been a triple whammy. Fuel prices have cratered, compounding the agonies of a global shutdown and a deadly viral outbreak. According to the International Monetary Fund, the crisis is the worst the Middle East has faced in the modern era. But for Saudi Arabia’s 34-year-old crown prince and de facto […]
The pandemic has created a massive economic contraction that will be followed by a financial crisis in many parts of the globe, as nonperforming corporate loans accumulate alongside bankruptcies. Sovereign defaults in the developing world are also poised to spike. This crisis will follow a path similar to the one the last crisis took, except […]
The strategy of “infrastructure-led growth” (growth, not economic and social development) seems to be showing its limits in Africa, where China has largely been instrumental in promoting it. This strategy is based on the Keynesian multiplier theory whereby any increase in aggregate demand would result in a more than proportional increase in GDP. Read Here […]
To date, there is little reason to think that global demand for dollars is drying up. But there is another way the United States could lose its status as issuer of the world’s dominant reserve currency: it could voluntarily abandon dollar hegemony because the domestic economic and political costs have grown too high. Read Here […]
As the United States awakens to its supply-chain vulnerabilities amid heightened pressure on companies to “reshore” from China, it is grappling with an uncomfortable truth: most will not end up relocating to the US. And, business experts say, the relatively few that do probably should not have left in the first place. Read Here – […]
looking beyond borders 