Controlling advanced chip manufacturing in the 21st century may well prove to be like controlling the oil supply in the 20th. The country that controls this manufacturing can throttle the military and economic power of others. The United States recently did this to China by limiting Huawei’s ability to outsource its in-house chip designs for manufacture by […]
Plans for so-called air bridges and travel bubbles—agreements between countries allowing citizens to cross borders without needing to quarantine—provide hope for a resumption of travel… But rather than reuniting a fractured world, the reopening of travel based on separate international circles of trust risks introducing new divisions. Read Here – Foreign Policy
China’s economy is not a discrete organism that can easily be separated from the global economy but rather a Siamese twin, connected by nervous tissue, common organs, and a shared circulatory system. The coronavirus pandemic has revealed the hidden vulnerabilities of this interconnected system of supply chains, especially for medical equipment. Read Here – Foreign […]
The US president’s threat of totally “cutting off” relations with China to save $500 billion a year is bad economics. Over the past two years of the trade conflict, China has been steadily reducing the US’ share in bilateral trade. From January to April of 2020, the US share in China’s total trade fell to […]
Even if the United States turns a blind eye to deglobalization’s effects on the rest of the world, it should remember that the current abundant demand for dollar assets depends heavily on the vast trade and financial system that some American politicians aim to shrink. If deglobalization goes too far, no country will be spared. […]
Who will take China’s place? The obvious first option is India, a country with a massive, diverse and generally poor population, but which has a degree of discipline and entrepreneurialism, similar to China in 1980. India, however, is not in a take-off situation. It is the fifth-largest economy in the world and is also a […]
China and the US should try to avoid a new Cold War and find new ways to cooperate despite their differences, Chinese Foreign Minister Wang Yi said on Sunday. “We need to be alert to efforts by some political forces in America to hijack China-US relations and who try to push the two countries towards […]
The threat of a great decoupling is a potentially historic break, an interruption perhaps only comparable to the sudden sundering of the first huge wave of globalisation in 1914, when deeply intertwined economies such as Britain and Germany, and later the United States, threw themselves into a barrage of self-destruction and economic nationalism that didn’t […]
To those already predisposed to favour domestic production over international trade, the COVID-19 pandemic seems like a case in point. Yet a closer look at the facts shows that, if anything, the current crisis offers powerful evidence of why we need global supply chains and widely distributed production. Read Here – Project Syndicate
The fundamental reality about the economic relationship between China and Australia is that the two nations are deeply important to each other, and so despite the veiled threats from the Chinese government, and the desire in some parts of the Australian community for a split, a great economic decoupling is not an option. Read Here – The […]
looking beyond borders 