Today, a new, but very different, “two Chinas” question is emerging. It centers on whether China is best understood as a strong country, with a promising future despite some short-term difficulties, or as a country facing serious structural problems and uncertain long-term prospects. In short, two very different Chinas can now be glimpsed. But which […]
Forty-three years after Richard Nixon made his famous visit to China, that country has seemingly decided to take a page from the former U.S. president’s Treasury Department. As China lowers the value of the yuan, the country’s economic policy makers are mimicking the blasé attitude of Nixon-era Treasury chief John Connally, who dismissed international complaints […]
At the end of the day, no swing producer controls the fate of today’s oil prices. A sustained price recovery requires a healthier global economy that combines faster inclusive growth and greater financial stability. And this will not occur quickly, especially given the policy shortcomings in both advanced and emerging countries. Read Here – Project […]
In China, the invisible hand of the market sometimes needs help from the iron fist of the state. That’s certainly true after a meltdown vaporized $3.5 trillion in the value of shares traded on the Shanghai and Shenzhen exchanges. Read Here – Bloomberg China Tries Japan’s Approach to a Stock Bubble – Bloomberg View
The last time we saw such an extensive shift in the global situation was probably between 1989 and 1992, when the Narasimha Rao government came to power and India adjusted her policies considerably. Today the global economic balance has already shifted, and local balances of power are shifting rapidly, even if the overall global military balance is […]
Statistics bear out China’s global dominance. Since Deng abandoned doctrinaire communism in 1978, growth has surged an average of 9.8 percent annually. Since 2001, China has overtaken Italy, the U.K., France, Germany, and Japan to become the world’s second-biggest economy. Its $10 trillion GDP dwarfs India’s $2 trillion. Not only has China built the world’s […]
Several recent developments reveal how political and institutional fragmentation in the United States has produced self-inflicted wounds for the U.S. abroad. In all of these instances, America’s ability to exercise economic power in the world has been deliberately curtailed through decisions made unilaterally in Washington by American political leaders. Read Here – The Atlantic
That Apple should buy Greece with all the useless cash it has on hand is just a joke that won’t go away. Yet it’s true that, if big American corporations and European politicians had any imagination, they could probably engineer a bailout for the nearly bankrupt country on terms that would benefit everyone. Read Here – Bloomberg
A big new State Department assessment has identified a major threat to global security. It’s not ISIS or Vladimir Putin. It’s not a rickety global economy or climate change or the threat of global pandemics. Instead, the report argues, these individual problems are symptoms of a much bigger issue — namely, a slow breakdown in global […]
Critical events of early 2015—cheap oil and Middle East violence—will probably continue to take their toll as the year goes on, according to a new projection of geopolitical hot spots. Lower overall prices for commodities may hurt the economies of resource-rich nations. Read Here – Bloomberg
looking beyond borders 