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...
Geopolitics: Global economic leadership - a shift from the West?
While the global financial crisis causes havoc in the world economy, the role of global leader has gradually, but quite definitely, slipped from the grasp of Western Europe and North America. But which country has the strength and credibility to take up the mantle – and what profound changes are likely to follow? asks GIS expert Professor Stefan Hedlund in this spe...