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looking beyond borders

foreign policy and global economy

Archive for the tag “Finance”

Advancing CPEC By Stealth

The corridor is only minimally about transit trade. The power plants, too, are little more than the “early harvest projects”, on commercial terms, designed to jump-start the economy before the real game begins. The real game of CPEC is about granting access to Chinese enterprises to Pakistan’s domestic markets, raw materials and the agrarian economy.

Read Here – Dawn

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China’s Business In Latin America

Courtesy: Global Times

Perfecting Strategy

In the post-Cold War era, the biggest challenge for the U.S. is a rapidly rising China. During the Clinton administration, Washington had a clear hedging strategy toward Beijing — that is, both engagement and deterrence. At that time, China lacked the capability to challenge the U.S. Thus, Washington highlighted engagement in order to involve China in the international political and economic system. After the global financial crisis in 2008, China has increasingly played a significant role in world politics and economics; thus the U.S. started to adjust its China policy.

Read Here – The Diplomat

The 50 Shaping U.S.-China Relations

A list that needs to be watched closely – globally

Read Here – Foreign Policy

Never Saw It Coming?

The demise of Bear Stearns was the beginning of a six-month erosion in global financial stability that would culminate with the failure of Lehman Brothers on September 15, 2008, triggering possibly the greatest financial crisis in history. To be sure, the Great Depression of the 1930s involved a far greater collapse in economic activity. But never before had short-term financial markets, the facilitators of everyday commerce, shut down on a global scale, writes Alan Greenspan

Read Here – Foreign Affairs

The Big Fiscal Dilemma

The United States faces a dilemma. A persistently high level of government debt threatens future economic growth and constrains the ability of the government to act in pursuit of national interests, both international and domestic. Yet efforts to bring down the debt will further constrain government outlays and action — possibly for many years into the future.

Read Here – Rand

Advantage USA

Beyond the bright prospects for the return to rapid U.S. economic growth and the resulting decline in federal debt as a percentage of gross domestic product, the U.S. will enjoy six major long-term advantages over its competitors.

Read Here – Bloomberg

Lessons From the Last Great Hero of Modern Finance

The global economy was not the only casualty of the 2008 financial collapse. The crisis also soiled the reputations of many in the financial industry and of the regulators, political leaders, and media outlets that were supposed to keep them in check. So William Silber’s new biography of Paul Volcker, one of the last remaining heroes of modern finance, could not have come at a better time. Silber, an economist at New York University, uses his book to walk the reader through some of the important episodes in Volcker’s long and storied career, during which he served in five U.S. administrations.

Read Here – Foreign Affairs

China’s Li Says Economic Overhaul Must Accelerate to Keep Growth

Chinese Vice Premier Li Keqiang, promoted last week to the No. 2 spot in the ruling Communist Party and set to take the job of premier in March, said three decades of economic opening must be accelerated as the push to overhaul the economy encounters obstacles.

Li, speaking Nov. 21 at a meeting in Beijing, said China needed to accelerate economic overhaul, citing areas including improving state-owned enterprises and the taxation system, according to remarks published on the government’s website.

“At present reform has encountered a ‘fortress area’ and a ‘deep water area,’” where there are countercurrents that can push back progress, Li said. “We must overcome difficulties and get rid of all institutional obstacles that hinder scientific development.”

Read Here – Businessweek

China’s Next Step on Yuan Is Convertibility, Zhou Says

China’s central bank governor said convertibility will be the next step in the overhaul of the exchange-rate system as calls grow for the nation’s new leadership to deepen changes in the economy to sustain growth.

“For the central bank, I think the next movement related to the yuan is going to be reform of convertibility,” Zhou Xiaochuan said at a conference in Beijing on Nov. 17. “We are going to realize it, we are moving in this direction, we need to go further, we will have some deregulation.”

Read Here – Bloomberg

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