Trade numbers for 2012 show that China has become the world’s biggest trader, unseating the United States that has ruled the global trading charts for several decades. It is a momentous shift that is bound to have far-reaching impact on the way Beijing sees itself and the manner it influences geopolitics. As it becomes the […]
Despite a decade of costly and indecisive warfare and mounting fiscal pressures, the long-standing consensus among American policymakers about U.S. grand strategy has remained remarkably intact. As the presidential campaign made clear, Republicans and Democrats may quibble over foreign policy at the margins, but they agree on the big picture: that the United States should […]
The Ministry of Commerce has quashed recent media reports speculating that China had surpassed the United States to become the world’s biggest trading nation by volume. Recent data from the world’s two largest economies show that Chinese trade in goods and services reached $3.87 trillion in 2012, according to the General Administration of Customs, while […]
This month marks the 70th anniversary of the Red Army‘s victory at the Battle of Stalingrad, prompting renewed debate over the legacy of Josef Stalin. Once again, many conservative Russians are hoping that the name Volgograd will one day be permanently changed back to Stalingrad. As a nod to them, local Volgograd deputies agreed to call the city Stalingrad during the six days of the battle’s anniversary every year. […]
Why do once-successful societies ossify and decline? Hundreds of reasons have been adduced for the fall of Rome and the end of the Old Regime in 18th-century France. Reasons run from inflation and excessive spending to resource depletion and enemy invasion, when historians attempt to understand the sudden collapse of the Mycenaeans, the Aztecs, and, […]
In 1996, Vladimir Putin and a group of friends and acquaintances from St. Petersburg would gather in an idyllic lakeside setting — barely an hour and a half north of the city. The location, on the Karelian Isthmus between the Gulf of Finland and Lake Ladoga, was only an hour and 20 minute’s drive to […]
President Barack Obama in his State of the Union speech reiterated his call for a bipartisan agreement that would stabilize the debt and end a period where fiscal policy has lurched from crisis to crisis. This ambition is broadly shared, but profound disagreements remain over the composition of measures to address debt and growth. Democrats […]
China surpassed the U.S. to become the world’s biggest trading nation last year as measured by the sum of exports and imports of goods, a milestone in the Asian nation’s challenge to the U.S. dominance in global commerce that emerged after the end of World War II. U.S. exports and imports of goods last year […]
The second anniversary of the “Arab Spring” in Egypt was marked by riots in Tahrir Square that made many observers fear that their optimistic projections in 2011 had been dashed. Part of the problem is that expectations had been distorted by a metaphor that described events in short-run terms. If, instead of “Arab Spring,” we […]
With its civil lawsuit against credit rating agency Standard & Poor’s, the US Justice Department is embarking on one of the most aggressive efforts yet to hold Wall Street accountable for the financial crisis. Will anything change? Read Here – Christian Science Monitor
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