Simultaneously courting the West and expanding its influence beyond its borders could work in the short-term. But in the short-term only.
Simultaneously courting the West and expanding its influence beyond its borders could work in the short-term. But in the short-term only.
In an appearance on Tuesday before the U.S. Senate Armed Services Committee, Admiral Harry Harris, Commander of the U.S. Pacific Command stated: “I believe China seeks hegemony in East Asia.”
The Chinese foreign ministry recently announced that China would be setting up a “logistical facility” in the East African country of Djibouti.
Photo: POOL/Reuters As a founding member of the United Nations in 1945 and as one of the five permanent members of the UN Security Council, China has sometimes drawn criticism for the use of its veto to forestall other nation’s interference in the affairs of its allies. Recently, Beijing was roundly condemned, along with Russia, […]
A decoupling of emerging markets from the struggling developed world is a myth, as we saw in 2011 when euro and US shocks caused a sell-off in EM currencies, including in Latin America. Next year could be rough as global growth slows. Countries from Brazil to China are rushing to reverse their earlier policy tightening. […]
The debt dynamics equation was in the past of interest only to sovereign credit analysts (such as this blogger) and macro policy wonks. Now, more people want to know about it. You can generate such an equation that is elaborate or not, but the gist is the following: The primary budget surplus, that is, government revenues minus expenditures — not […]
If you are one of the few to hold a high place in the Chinese Communist Party life has to be good. You are running one of the world’s greatest powers and you don’t have to worry about elections next Fall, or the next Fall, or the…However, there is one major hangup to being part […]
Iran is back in the news again: bungled attempt to kill Saudi Arabia’s ambassador to the US on American territory, IAEA’s upcoming report which is expected to detail how the Islamic Republic is working toward a nuclear weapon’s program, President Ahmadinejad’s growing feud with the Supreme Leader, and of course Iran’s support for the Bashir […]
The Wall Street Journal recently ran a piece detailing some of the methods behind China’s expansion into the African continent. The informative article not only does a nice job detailing specific cases of African and Chinese government business partnerships, but ties in how what is being exchanged it not just money and goods, but also […]
When eminent scholar Walter Russell Mead tackles a subject he does not do it on the cheap. One of his latest long articles attempts to discern the current trajectory of Turkey’s foreign policy and he takes his readers through quite a ride. Mead, an American history, smoothly goes through modern Turkish history and then ties […]
The TARP covered banks across the nation The US government’s Troubled Asset Relief Program (TARP) was such a success that it not only saved America’s financial system, with the help of the Federal Reserve, it also saved the global economy AND turned a profit for the US taxpayer. It was almost three years ago, during […]
The Federal Reserve Board With right-wing Republican presidential candidates these days either calling for the Fed to be abolished (Ron Paul) or simply calling the nation’s central bank “treasonous” (Rick Perry), thinking citizens should at least be concerned about the Fed’s activities. I defended the Fed on this blog and still do. People who should […]
The Union of South American Nations Will the Union of South American Nations (Unasur) and its monetary fund, Banco del Sur, be successful? It has been difficult for emerging markets to diversify their sources of balance of payments (BOP) support. During the 1997-98 Asian crisis, the shame such Asian nations as Korea, Thailand, and Indonesia […]
The following post is an edited version of an article that appeared in the Jerusalem Post earlier this month by Pinchas Landau, author of The Landau Report, a newsletter and consultancy service addressing the needs of foreign firms and financial institutions active in Israel and the Middle East. “Domestic fury, and fierce civil strife Shall […]
With America’s latest market crash, the debt debate seems so ‘last week’ (hey, it was last week!), there is still much to learn from the tumultuous process. Niall Ferguson attempts to provide an outside perspective on the whole debt limit battle. It’s a pretty important outside perspective too; China: Viewed from Beijing, it looked very […]