Trade shifts
In the second half of the 20th century, globalization brought a boom in international trade. The rapid change that came with it has led to a backlash, with most countries erecting protectionist barriers. Governments are increasingly using regulations, red tape and tariffs to achieve domestic and foreign policy goals. Highly intense trade disputes, however, can break the ice and lead to results and unexpected benefits.
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High hopes for the African Continental Free Trade Area
The launch of the African Continental Free Trade Area (AfCFTA) has come with high hopes for a boost in economic activity and development. But free trade agreements in themselves are no silver bullet for backward economies. Especially in Africa, institutional reform, infrastructure improvement and the reduction of nontariff barriers will be key for development to really gain momentum. Accomplishing those goals, however, could make many African regimes vulnerable.
India’s evolving strategy in the Middle East
India is forging profitable new partnerships with Sunni Arab states as its economic profile grows and its ties with the U.S. and Israel strengthen. The changes are causing tension with its old ally Iran, however, which New Delhi still needs to keep Pakistan in check. This balancing act will only ...
Belt and Road: The Asian perspective
In only six years, China’s Belt and Road Initiative has had broad impact across Asia and beyond. Up to $1 trillion has been committed to hundreds of projects, with the goals of bridging economies, opening Chinese companies to foreign markets and changing the landscape of international development finance. Going forward, ...
Australia navigates Sino-American tensions
After elections in May, Australia’s new government must decide how to balance its ties with the United States and China. The economic relationship with China is paramount, but Australia also has interests in the security of its immediate neighborhood and shares a great deal with the U.S. The trade war ...
EU-China relations at a crossroads
For decades, relations between the EU and China have been based on growing economic cooperation and trade. But this interdependence has become asymmetric, which China exploits to maximize its own benefits and weaken European unity. While Beijing moves toward a knowledge-based economy, it also sees the future in nationalist, “back-to-the-future” ...
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More Disruptions
Expanding state
A trend toward increased government influence in economies and personal life is curbing growth, and freedom, in many Western countries. The outsized role of government results in misplaced incentives, overregulation – which restrains markets and competition – and irresponsible budgetary ...
Middle East politics
The region, one of the cradles of civilization, is going through a turbulent period of historic realignment. Its powers are vying for political, military, economic and religious dominance with local players and outside actors. Armed conflicts, mainly civil wars, are ...
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