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looking beyond borders

foreign policy and global economy

Archive for the tag “Europe”

Explaining Global Recovery Amid Political Recession

Today, the world’s major economies are experiencing a steady recovery, despite the occasional setback. To be sure, economic performance is far from reaching its full potential: depending on where one looks, one can find output gaps, excess leverage, fragile balance sheets, under-investment, and unfunded longer-term non-debt liabilities. Still, financial markets show no signs of convulsion, even as monetary stimulus is gradually withdrawn.

Read Here – Project Syndicate

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For China’s Global Ambitions, ‘Iran Is At The Center Of Everything’

Once dependent on Beijing during the years of international isolation imposed by the West for its nuclear program, Iran is now critical to China’s ability to realize its grandiose ambitions. Other routes to Western markets are longer and lead through Russia, potentially a competitor of China.

Read Here – The New York Times

Global Economic Growth Remains On Track, Says IMF

Global Police Spring a Trap On Thousands Of Dark Web Users

When Alphabay, the world’s largest dark web bazaar, went offline two weeks ago, it threw the darknet into chaos as its buyers and sellers scrambled to find new venues. What those dark web users didn’t—and couldn’t—know: That chaos was planned.

Read Here – Wired

China’s Railway Diplomacy Hits The Buffers

When Li Keqiang, China’s premier, took 16 European leaders on a high-speed train ride in 2015, the trip revealed more than an enthusiasm for rolling stock. It was also Beijing’s big sell for an engineering technology that it hoped would spearhead the launch of a grand geo-strategic ambition.

Read Here – Financial Times

Making The Most Of A Coup

No state leader likes the thought of putschists plotting to bring him or her down. But Turkish President Recep Tayyip Erdogan certainly knows how to make the most out of a coup attempt. In the year since a faction of the military tried to overthrow his administration, the Turkish president has neutralised a large swath of his political opposition, undertaken major reforms to enhance his powers and stayed the course with his expansionist foreign policy.

Read Here – Stratfor

The Secret History Of The Banking Crisis

The new central bank network created since 2008 is of a piece with the new networks for stress testing and regulating the world’s systemically important banks. The international economy they regulate is not one made up of a jigsaw puzzle of national economies, each with its gross national product and national trade flows. Instead they oversee, regulate and act on the interlocking, transnational matrix of bank balance sheets. This system was put in place without fanfare. It was essential to containing the crisis, and so far it has operated effectively. But to make this technical financial network into the foundation for a new global order is a gamble.

Read Here – Prospect

Globally, More Name U.S. Than China as World’s Leading Economic Power

The past decade has witnessed significant changes in the global economy as many nations around the world have struggled with the Great Recession and its aftereffects. While the United States and other relatively wealthy Western nations have slowly bounced back from the crisis, economic growth rates have been low compared with those of China, India and other emerging economies. Still, the prevailing view among publics around the world is that the U.S. is the top global economic power.

Read Here – Pew Research

Merkel May Be Leading, But Who’s Following?

The German chancellor herself has said she is highly skeptical of the leadership role ascribed to her by international media. Merkel’s view is, in fact, shared by her fellow citizens, whose appetite for global leadership remains limited. Berlin’s de facto dominance in Europe notwithstanding, Germans are as reluctant as ever to embrace a prominent international role.

Read Here – Politico

Trump Just Redefined Western Values Around Faith, Not Democracy

U.S. President Donald Trump just sought to redefine the West. In a speech to cheering crowds in Warsaw on Thursday, Trump described the West’s values in terms of religion and culture and called for the defense of its civilization against radical Islam. It amounted to a manifesto for his foreign-policy vision. The address included repeated invocations of God, faith, tradition, national sovereignty and family. It made only passing reference to what are usually cited as core Western values: the rule of law, democracy and freedom of speech. Religious tolerance did not get a mention.

Read Here – Bloomberg

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