Westerners regard Russia’s war as an attack on the rules-based order, but Chinese scholars see it as another harbinger of the denouement of US hegemony. While Americans and Europeans can argue with this position, it would be a mistake not to take it seriously. Read More Here
As financial conditions tighten, even countries that had seemed on track to prosperity and stability now stare into the abyss of debt distress, fragility and uncertainty about the future. Both aid and trade have key roles to play in reversing the impacts of this quadruple shock and putting the world back on track. Read More […]
Greeks and other southern Europeans could now be feeling schadenfreude as Germany faces the collapse of its economic model in the face of the Ukraine war and the new cold war with China. But with a democratic Europe in the balance, this is no time to gloat. Read More Here
The leading nations of the developing world not only do not want to have to choose sides in a new cold war but also—much more important—do not feel that they have to. Read More Here
For Chinese President Xi Jinping, a Marxist-Leninist dialectician, the events in Ukraine won’t fundamentally alter China’s grand historical ascent. As a cautionary tale, Russia’s military failures will simply impel China’s leadership to make even more substantial preparations before seizing Taiwan. Read More Here
The Biden administration vastly underestimated the inflationary impact of the $6 trillion Covid stimulus package, which began under Donald Trump. It also underestimated the resilience of the Russian economy and the capabilities of the Russian military. Read More Here
The Russian plan for Ukraine is grimly apparent from that earlier template. In a years-long conflict, which began more than two decades ago, Putin destroyed a sovereign state and subjugated its people, creating in its place a land of ruin, chaos, and fear. Read More Here
The war in Ukraine may be obscuring China’s border conflict with India, but as U.S. Defense Secretary Lloyd Austin reminded the annual Shangri-La Dialogue in Singapore recently the situation at the Himalayan border continues to be difficult. Read More Here
Global growth is expected to slump from 5.7 percent in 2021 to 2.9 percent in 2022— significantly lower than 4.1 percent that was anticipated in January. It is expected to hover around that pace over 2023-24, as the war in Ukraine disrupts activity, investment, and trade in the near term, pent-up demand fades, and fiscal […]
Europe’s decision to ban most Russian oil imports is based on a simple calculation: because the EU accounts for about half of Russia’s oil exports, an embargo would roughly halve Russia’s oil-export revenues. But the reality is more complicated. Read More Here
looking beyond borders 