US President Faces Another Cliff

Believe it or not, Israel, led by the arrogant Israeli leader Prime Minister, Benjamin Netanyahu, has been dealt two American slaps in the face in the last few days, a blow it has never experienced since President Dwight Eisenhower compelled Israel and its two European allies, Britain and France, to withdraw their occupation forces from […]

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The New Mercantilist Challenge

The history of economics is largely a struggle between two opposing schools of thought, “liberalism” and “mercantilism.” Economic liberalism, with its emphasis on private entrepreneurship and free markets, is today’s dominant doctrine. But its intellectual victory has blinded us to the great appeal – and frequent success – of mercantilist practices. In fact, mercantilism remains […]

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The Uncertain Course Of The Afghan war

History has made it all too clear that there is no easy way to assess progress in counterinsurgency, or to distinguish victory from defeat until the outcome of a conflict is final. Time and again, “defeated” insurgent movements have emerged as the victors in  spite of repeated tactical defeats. The Chinese Communist victory over the Kuomintang, the […]

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Japan’s Values Diplomacy

The new Japanese prime minister reiterated his “values diplomacy” recently, confirming his nation’s “pillar” ties with the US and reaching out to two countries in particular, Australia and India. “Freedom, democracy, and fundamental human rights,” Shinzo Abe told the newspaper Yomiuri Shimbun in a December 28th interview. “We will deepen ties with nations that share and uphold these values.” […]

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China’s New Leaders Seek To Present A Friendlier Public Face, But Oppose Bold New Demands For Democratic Reform

ON JANUARY 2nd front pages of many Chinese newspapers carried identical headlines. “Greater political courage”, they proclaimed, was needed in the execution of reforms. But even as they try to signal their openness to change, China’s new leaders are nervous of demands that they move faster to loosen the Communist Party’s grip. Most worryingly for […]

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China Will Become a More “Normal” Economy

2013 will be remembered as the year China became a more “normal economy”. What does normality mean for China? Soon-to-depart Premier Wen Jiabao’s oft-cited quote that China’s growth is “unbalanced, unsustainable and uncoordinated” is a good place to start. China was an abnormal economy with its state-led capitalist approach that produced double-digit growth rates, no […]

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A Year of Endemic Instability in Iraq

Since 2003, the Anbar province of Iraq has shown itself to be home to powerful and formative forces that have altered the country’s direction of political developments at key moments. It was the change in position of key tribes and groups in Anbar in 2005 that led to the formation of the Anbar Awakening that […]

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Asia is Purchasing Nearly all of Iran’s Oil

Four Asian countries are now purchasing nearly all of Iran’s oil exports according a report this week from the Economist’s Intelligence Unit (EIU). “Almost all of Iran’s oil exports now go to China, South Korea, Japan and India,” the report said even as it noted a sharp decline in the amount of oil each country purchased from […]

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