Mounting tension in Asia
Pressure is building in relations between the U.S. and China, especially after the recent APEC summit. However, the heightened rhetoric used there could give both countries a chance to climb down and come to a deal. Presidents Donald Trump and Xi Jinping will have a perfect opportunity to do so during the G20 summit in Buenos Aires.
The U.S. and China: The trade war and the broader confrontation
As the “trade war” between the U.S. and China looks set to last, it is time to ask if the confrontation is more about “war” than “trade.” In fact, China is simply carrying on the ideological battle initiated by the Soviet Union in the 20th century. This time, however, with its hybrid totalitarian-capitalist system, Beijing is a more formidable foe. For now, the pragmatic Chinese may back down for strategic reasons, but in the long term, the showdown is likely to intensify.
Potential benefits of the U.S.-China trade dispute
Past U.S. administrations have shied away from standing up to China on trade. Donald Trump’s tough stance has put Beijing in a tough spot, and it is likely to bite the bullet on a deal. A face-to-face meeting between the country’s two leaders this month could initiate a process of U.S.-China policy coordination.
Doklam standoff reflects changing China-India relationship
The military showdown between unarmed Chinese and Indian troops on the Doklam Plateau in the Himalayas is different than previous border tiffs in the region between these two Asian giants. The new dimensions reflect a changing relationship between Beijing and New Delhi, as both gain international clout. The current crisis is unlikely to get out of hand, but China and India will continue to butt heads.
Opinion: Confusing statements on money and trade
Janet Yellen is not worried about another global financial crisis. Mario Draghi and even Warren Buffet bemoan “inequality.” But no one seems to be taking seriously the problems artificially cheap money is causing to the global economy. With such a fragile global financial situation, free trade could be a big help – but protectionism is on the rise. Could the upcoming G20 meeting bring substantive progress on that count?
Opinion: Statesmanship in short supply
Today’s politicians seem to be reacting to events rather than leading. Part of the problem is the plethora of high-profile international summits, which make for good photo opportunities but don’t offer any occasion for deeper discussions. The whirlwind trips give them little time to think through strategy and future scenarios, making them more likely to act in terms of political expedience.
Global Outlook 2017: Merkel and the myth of German hegemony
Among the leaders of the world’s biggest liberal democracies, it seems Angela Merkel is the last woman standing. Some have claimed that will make her the leader of the free world and Germany Europe’s hegemon. Such claims are greatly exaggerated. There will be significant limitations to both Germany and Ms. Merkel’s room for maneuver in Europe and globally in the coming year.
EU in quandary over Eastern Europe trade deal
President Vladimir Putin’s self-created image of statesman fielding the Syria crisis and hosting major summits is seen by many in the West as part of stealthy manoeuvring on his part to place Russia back into a position of Cold War-era power. And with that power has come increasingly vocal threats to a number of post-Soviet countries with whom the European Union is...
End of the euro: Blocking free trade is biggest fear for world economy
Fears that ditching the euro as a currency will create a global economic crisis are far-fetched. What it would offer is a chance for the eurozone countries to abandon failing policies and develop competitiveness in world markets. The loss of free trade is a bigger concern to the global economy than the loss of the euro. I...