The Time Is Ripe For Détente, 2.0

Détente 2.0 would entail the renunciation, in writing, of NATO’s plans to invite Ukraine and Georgia, coupled with Moscow’s recognition that both countries retain the right to join whatever economic or political union they desire; a draw-down of Russian and NATO forces in the Baltics region; the cancellation of Western sanctions on Russia, and vice […]

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How Obama’s Foreign Policy ‘Long Game’ Works

The core elements of Obama’s Long Game are not the doctrine pundits clamour for, but they do comprise a kind of checklist, a practical framework to managing American power and making strategic choices, ensuring the United States remains in the best possible position to solve problems and pursue its interests. When thinking about Obama’s legacy […]

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The Global Economy’s Hesitation Blues

Economic slowdowns can often be characterized as periods of hesitation. Consumers hesitate to buy a new house or car, thinking that the old house or car will do just fine for a while longer. Managers hesitate to expand their workforce, buy a new office building, or build a new factory, waiting for news that will […]

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Why Is China Building A New Silk Road?

There are strong commercial and geopolitical forces at play here, first among which is China’s vast industrial overcapacity – mainly in steel manufacturing and heavy equipment – for which the new trade route would serve as an outlet. As China’s domestic market slows down, opening new trade markets could go a long way towards keeping […]

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China’s High-Speed Rail Diplomacy

Today, China dominates the railway market, particularly for high-speed rail systems, which the Chinese are busily exporting to East Asia, Europe, and even the United States. China began to invest heavily in high-speed rail in 2007, seeking to create jobs and to improve the mobility of people and goods in its rapidly growing economy. Read […]

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What Trade Deals Are Good For

A logical implication of the externality argument is that trade agreements lead to freer trade.  Some have equated this with the argument for free trade, but the arguments are quite distinct. The case for free trade rests on strong assumptions that may or may not be reasonable. Read Here – Harvard Business Review

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