Comments written by Prince Michael of Liechtenstein himself provide an informed viewpoint on crucial geopolitical issues. Sometimes challenging and always thought-provoking, these brief commentaries take a stance that stimulate debate.
Burundi and Rwanda: Tale of two leaders and a continent
Burundi and Rwanda are two nearly identical countries that have taken diametrically opposed paths under different leaders. Their experience provides insight into the dilemmas of institution-building in Africa.
The twilight of a European dream
As Washington threatens to slap economic sanctions on the countries that it believes weaken their currencies, reaping unfair advantages in trade with the United States, eurozone exporters, especially Germany, may find themselves in trouble. The root cause of the dilemma, though, is the fact that from its inception the common currency has been misused by politicians.
The United Kingdom’s new positioning
British Prime Minister Theresa May is the first head of government to visit President Donald Trump after he assumed office. Her visit is significant in many aspects, especially in the context of Brexit and new policy orientations in the United States.
A new look at the pivot to Asia
U.S. allies in Southeast Asia have been turning toward China for various reasons. President Donald Trump has declared he will take a tough line toward Beijing, while his determination to retreat from the TPP agreement and reduce foreign involvement has aroused worry in the region. The Trump administration will have a difficult time keeping allies in line, but a focus on bilateral trade agreements offers flexibility and new opportunities.
Russia and the European balance of power
An effective European response to the dangerous challenge from Russia ought to be an old-fashioned carrot and stick policy; the former being a recognition of Russia’s role as a global power with legitimate security interests, and the latter – credible defense.
Time to accept a ‘two China’ policy
Though President-elect Donald Trump was harshly criticized for his call to Taiwanese President Tsai Ing-wen and his questioning of the One-China policy, it might be sound politics for the U.S. to reestablish official relations with Taiwan now. This would reflect realpolitik and acknowledge the fact that Taiwan is an important ally and a democratic country. China is dependent on the U.S. economically, while Taiwan deserves to be recognized.
In appreciation of George W. Bush
Barack Obama and Donald Trump are doing disservice to their country when they do not follow the example of George W. Bush and their country’s tradition of statesman-like behavior by presidents during the transition of power.
Europe’s future depends on investment in innovation
Europe has become very risk averse, focusing on protecting the privileges that have already been accumulated. Regulations meant to provide protection in case of failure sometimes go too far, limiting upside potential. This exchanges freedom for security, and blocks creativity and innovation. But only innovation can help Europe maintain its global competitiveness.
25 years after Maastricht, the euro is worth rescuing
It was Brussels’ misguided political agenda of an “ever-closer union” and economic “harmonization” that brought the euro into its current trouble. The common currency is worth salvaging. It can work fine and be of great benefit to the European community if put on sound macroeconomic and institutional footing.