How Rupert Murdoch’s Empire Of Influence Remade The World
Murdoch and his children have toppled governments on two continents and destabilised the most important important democracy on earth. What do they want? Read Here – The New York Times
Tag: Economy
What Happens When Europe Comes Apart?
Many have been lamenting the dark path that Europe and the transatlantic relationship are currently on, but there hasn’t been much discussion of where that path leads. European weakness and division, a strategic “decoupling” from the United States, the fraying of the European Union, “after Europe,” “the end of Europe”—these are the grim scenarios, but […]
Kazakhstan’s Leader Nursultan Nazarbayev Resigns
Kazakhstan’s President Nursultan Nazarbayev has abruptly announced his resignation 29 years after taking office. In a televised address on Tuesday, the 78-year-old said he has made the “difficult” decision to terminate his authority as president, but did not give a specific reason for the shocking decision. Read Here – Al Jazeera
Emerging Markets Aren’t Out Of The Woods Yet
How should emerging-market governments deal with the new original sin? One way would be to develop a large domestic institutional investor base that sets its objectives in domestic currency terms and is thus insulated from exchange-rate swings. National pension systems contribute to this goal, and many emerging-market countries, such as Chile and Mexico, have made […]
China’s Economic Black Box
The accuracy of China’s official growth statistics is once again in question. Last week, at the annual “two sessions” conference, Premier Li Keqiang announced that China would reduce its 2019 target for GDP growth to between 6 and 6.5 percent—previously, it was “around 6.5 percent.” That same week, a group of Chinese economists published a paper with the Brookings […]
The Relationship Between The Size of China’s Economy And Its Military Posture
There is no question at this point that the relative sizes of the U.S. and Chinese economy today are much closer than those of Japan and the U.S. in the interwar period. And long story short, underselling the size of the Chinese defense budget and overselling the size of the Chinese economy does tend to […]
Is America Becoming Trump’s Banana Republic?
The Trump show is endlessly distracting in a way that would be familiar to any connoisseur of the Latin-American strongman. The Wednesday-afternoon Oval Office appearance alone had enough fodder for countless talk-show segments: Trump grounds the airplanes! Trump lies about building the wall! Trump lies about being vindicated in the special-counsel probe —even when a […]
The Problem With Xi’s China Model
As Xi begins his second five-year term as CCP general secretary and (soon) president, there are signs that the new model’s very successes are becoming liabilities. Too much party control is contributing to a stagnant economy and societal discontent, while too much ambition has cooled the initial ardor with which many in the international community greeted Xi’s vision of […]
Does Trump Really Want To Win The Trade War?
President Trump appears to be getting advice on China policy from World Wrestling Entertainment (WWE). It’s all starting to resemble a pro-wrestling match where one wrestler gets his opponent in a headlock, throws him to the ground and has him pinned—for a long two seconds—until he miraculously escapes. It’s good theater, but it’s tough on […]
China Vows To Upgrade Country’s Manufacturing; No Mention Of Made In China 2025 For First Time In Three Years
In delivering his 2019 government work report to the National People’s Congress in Beijing, Chinese Premier Li Keqiang said the country would “work faster to make China strong in manufacturing” – this despite there being no mention of “Made in China 2025” in the government work report for the first time in three years. Read […]
looking beyond borders 