South & Southeast Asia
India has become the most vocal opponent of China’s massive Belt Road Initiative (BRI), which New Delhi sees as a thinly veiled geopolitical power play by Beijing. So far, China has not pushed back hard, and instead has consistently tried to woo the Indian side. This is because linking the BRI to India could make the project much more profitable. If China could adjust the project to accommodate Indian concerns, it would benefit the continent. But for now, that looks unlikely.
Central & South America
The world's richest country in oil reserves is on the verge of becoming a failed state. After more than a half-century of social harmony funded by oil revenue, a socialist variant of caudillismo has run the country into the ground. Yet political changes are blocked by a determined military junta, awash in drug money and cemented by the threat of U.S. indictments. How long can Venezuela stay on the brink?
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