The modern economy depends on bilateral trade deficits; it would collapse without them. In an age of advanced technologies and accelerating specialisation, attempting to manufacture everything domestically or bilaterally would be prohibitively costly. Read Here – Project Syndicate
Some great power relationships are indeed reverting to a more tooth-and-nail kind of competition. China and Russia are ever more determined to claim the status and influence they believe is their due. But the response likely to emerge from these strategies, a reaction with deeper roots in U.S. foreign policy than the views of any […]
After three rounds of failed talks, a trade war between the world’s two largest economies is on. On Friday, China’s Foreign Ministry spokesman said China had imposed countermeasures after America’s tariffs came into force. Lu Kang, said China’s tit-for-tat measures “had taken effect immediately after the implementation of the US tariffs”. Lu was speaking after Washington’s […]
Increased trade tensions have raised the risk that new measures may be taken that would have a much greater impact on global economic growth than those enacted so far. The US investigation into auto tariffs, possible additional US tariffs on Chinese imports, and the likely reactions of other countries and blocs, point to a potential […]
Expatriates and professional agitators have always taken advantage of America’s relative openness to influence the public debate here. George Washington worried about French and British agents trying to draw the new nation into Europe’s wars. Similarly, the fact that foreign money flows to American think tanks and publications is hardly breaking news . Still, the brazenness of […]
It is not easy being the first black of anything let alone the first black president of a racially fraught country. Contending with deeply entrenched pessimistic views of black leadership – being the first black president leaves little margin for error; your success as the first black is bound up with the image of an […]
Thanks to the dollar’s outsize global role, the first casualties of a somewhat irresponsible U.S. fiscal policy are likely to be emerging economies that have used the dollar to denominate their debts, not the United States itself. A stronger dollar and rising U.S. interest rates are increasing the burden of paying all dollar-denominated debts around the world. […]
With the United States-North Korean Summit taking place earlier this month, the world is faced with the prospect of a newly-opening North Korea. In this shift, Delhi’s diplomacy can be seen as an effort to play the role of a mediator. It would be a step towards having a say in North Korea’s economic and political […]
Some said the day would never come, that it was all a bluff. But as the Independence Day fireworks cool in Washington, the eve of the trade war has arrived in China’s capital, where government leaders keep reminding people: We did not start this, but we will fight back. Read Here – The Washington Post
India’s external and strategic environment is looking like a train-wreck and it isn’t just to do with the American humiliation of “postponing” the vaunted “two-plus-two” dialogue for the third time. The picture today has no resemblance to what we saw until about a year earlier. Prime Minister Narendra Modi was then hopping from one […]
looking beyond borders 