Washington’s policy of engagement toward Beijing has been embraced, with a few bumps along the way, by eight successive U.S. presidents—an incredible record of continuity. The approach was born in 1972, when the fervently anti-communist President Richard Nixon and his national security advisor, Henry Kissinger, set off for Beijing to make a game-changing proposal: The United […]
The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged the global economy into a severe contraction. According to World Bank forecasts, the global economy will shrink by 5.2% this year. That would represent the deepest recession since the Second World War, with the largest fraction of economies […]
China has always said it is not seeking to overthrow the global order. We should listen. Why would China go to the trouble of capsizing the global order when it can simply take it over, whole and intact? … Far from opening up a new battleground, China’s plan is to fight on familiar territory. Its […]
The US president’s threat of totally “cutting off” relations with China to save $500 billion a year is bad economics. Over the past two years of the trade conflict, China has been steadily reducing the US’ share in bilateral trade. From January to April of 2020, the US share in China’s total trade fell to […]
Even if the United States turns a blind eye to deglobalization’s effects on the rest of the world, it should remember that the current abundant demand for dollar assets depends heavily on the vast trade and financial system that some American politicians aim to shrink. If deglobalization goes too far, no country will be spared. […]
The economic repercussions of the novel coronavirus pandemic must not be understood as an ordinary problem that macroeconomics can solve or alleviate. Rather, the world could be witnessing a fundamental shift in the very nature of the global economy. Read Here – Foreign Affairs
With cities wounded by days of violent unrest, America headed into a new week with neighbourhoods in shambles, urban streets on lockdown and shaken confidence about when leaders would find the answers to control the mayhem amid unrelenting raw emotion over police killings of black people. All of it smashed into a nation already bludgeoned […]
If recent weeks have shown us anything, it’s that the world is not just flat. It’s fragile. And we’re the ones who made it that way with our own hands. Just look around. Over the past 20 years, we’ve been steadily removing man-made and natural buffers, redundancies, regulations and norms that provide resilience and protection […]
Many on the left still cling to the hope that the COVID-19 crisis will translate into the use of state power on behalf of the powerless. But those in authority have never hesitated to harness government intervention to the preservation of oligarchy, and a pandemic alone won’t change that. Read Here – Project Syndicate
The COVID-19 crisis has pushed Europeans’ strategic thinking about China – already shifting because of three developments – past the tipping point. After years of pursuing closer bilateral economic ties, Europeans suddenly realise that they have become dangerously dependent on Chinese trade and investment. Read Here – Project Syndicate
looking beyond borders 