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 […]
All is not as friendly as it appears Just as U.S.-India ties were at a nadir following New Delhi’s nuclear tests in 1998 – and just as the United States and China were declaring their own strategic partnership – Prime Minister Atal Bihari Vajpayee famously characterized Washington and New Delhi as “natural allies” who would […]
I just spent my Saturday morning doing some solid nerding. By that I mean, I read two great articles about that rising behemoth, China. The first was ‘China’s Bumpy Road Ahead by international consultant and geopolitical analyst Ian Bremmer. Bremmer, has a blog at Foreign Policy that features many guest writers and covers impactful global […]
President Obama’s announcement of far larger and more accelerated withdrawals of U.S. forces from Afghanistan than many had expected affects Indian security interests and the U.S.-India relationship in significant ways.
Prime Minister Manmohan Singh’s recent visit to Africa received extensive attention in the Indian media. Prime Minister Singh attended the second India-Africa Forum Summit in Addis Ababa on May 24th and 25th and visited Tanzania thereafter. The visit was used not only to demonstrate India’s commitment to Africa’s development needs but also highlight the strategy […]
Recently issued rules from the country’s ominous-sounding “Ministry of Communications and Information Technology” have India’s web junta fuming in indignation.
U.S. experts and politicians are starting to hone into the ‘dangers’ of R&D and technology transfers to China, as the most serious long-term threat to the U.S. economy and national security. U.S. comparative advantage (innovation and new technologies) is being undermined by outsourcing of manufacturing to China, the relocation of R&D facilities to Chinese tech-parks, […]
Once again, inflation increased in China last month by more than economists expected, as rising commodity costs and inflows of capital threaten to overheat economies across Asia. China’s consumer prices rose 5.4% from a year earlier, the fastest pace since 2008, according to statistical reports coming out of China. Four interest-rate increases in China since […]
The emergence of Brazil, Russia, India, China, and now South Africa to compose the so-called BRICS Summit met in Hainan, China (Apr 14-15, 2011) to discuss global economics, trade cooperation and developments in Japan and Libya. The emergence of this economic bloc could become an alternative voice on the world stage to Western dominated world finance and politics.
A new study by The Economic Strategy Institute (ESI), commissioned by the U.S.-China Economic and Security Review Commission, called “The Evolving Role of China in International Institutions”, takes a thorough look into China’s growing influence in international organizations. The report contains two truisms, ten trends, seven recommendations, and a number of case studies on China’s […]
Thomson Reuters Point Carbon is reporting this morning that China is going to launch carbon-trading schemes in six regions before 2013. If all goes well, that will then lead to a nationwide carbon trading platform by 2015. According to the report (which is sitting behind a pay-wall or I would link to it), the areas […]
Last week, Chinese Premier Wen Jiabao called for political reform once again, while at the same time he rejected (again) any comparisons between his country and the autocracies now collapsing in North Africa and the Middle East. Premier Wen is right when he says that the current socio-economic conditions in China are nothing like the […]
Continuing coverage on the Rise of State-sponsored Capitalism” href=”http://globaleconomy.foreignpolicyblogs.com/2009/05/09/the-rise-of-state-sponsored-capitalism/” target=”_blank”>I’ve written about frequently here in my Global Markets blog — namely the Chinese state’s spin on capitalism. Though there were many critics early on — and still are in many quarters — who argued that China’s state-managed version of capitalism was unsustainable, it seems the long-term sustainability of so-called ‘State Capitalism‘ has been proven, and is even gathering steam in unlikely places — India, Cuba, Vietnam and the Middle-East to name a few — with great success. It’s a trend that Western financial centers should be attuned to, nor should it be dismissed as the global financial architecture continues to evolve following the global financial crisis.
Last week’s ruling by the WTO Appellate Body on the U.S. trade remedies regime went mostly unnoticed, due to the dramatic developments in Japan and Libya. However, its implications could be significant… thought not immediate. The Appellate Body reversed a previous panel decision which allowed the U.S. government to apply higher tariffs to imports from […]
Amongst all the political upheaval in the Middle East and North Africa, with people rising against dictatorial regimes in Tunisia, Egypt, Libya, Yemen and elsewhere, this week China embarked on its annual legislative session. The legislative session of the National People’s Congress, which officially enacts legislation, will rubber-stamp the government’s 12th Five-Year-Plan (2011-2015), which was […]