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 […]
TAPI Signatories in Ashgabat The Turkmenistan-Afghanistan-Pakistan-India pipeline or TAPI is a 1,680 km (1,050 m) natural gas line originating in the Daulatabad gas fields in southeastern Turkmenistan. It crosses Afghanistan and continues on through Pakistan ending in Fazilka, a northwestern Indian city close to the India-Pakistan border. TAPI is one of the largest pipelines in […]
Long viewed as a safe investment in times of economic turmoil, the US dollar, also known as ‘Greenbacks,’ may be losing its safe haven appeal as it suffers strong downward pressures resulting from rising oil & commodity prices, high Federal budget deficits, soaring national debts and economic uncertainty in the aftermath of several financial crises.
I flagged an event to you recently, “The Climate for Renewable Energy,” cosponsored by the government of Navarra and NYU’s Center for Global Affairs. There were some excellent presentations made by the impressive group of panelists assembled for the evening. The President of Navarra, Miguel Sanz Sesma, noted that his province has developed a “comprehensive […]
By now, everyone monitoring the developments in the Middle East can’t help but liken them to dominos: once the first dictatorship fell (in Tunisia), the rest were just a matter of time. Of course societies do not behave like toys – what is common among the revolting populations of the Middle East is that they […]
News and Media coverage in China, is generally not my area of expertise… but this is the best account I have seen of the reaction by China’s authorities on developments in Egypt. Willy Lam has an intimate knowledge of developments in China, which is why I am reproducing his recent commentary on Beijing’s response to […]
The recent official state visit to Washington, DC, by China’s President Hu Jintao, was as boring and as uneventful as all the experts expected to be but hoped it would not. President Obama pulled out the red carpet for President Hu, with all the majesty and fanfare that the Chinese leader ‘deserves:’ two dinners at […]
Every speechwriter knows that when a politician needs a speech, there are certain key words and phrases to hit on. In the case of the President of the United States, they are usually things like “hope” and “challenge” and “promise.” There is also the seminal standby: reaching across the aisle to work with (fill in […]
Another year has sped by with more change and economic uncertainty throughout the global markets. From a journalist’s viewpoint, 2010 was filled with some of the most dynamic and complex economic trends and global market events possible. For instance, the Euro zone debt crisis, the global currency war, coverage of the international currency war – announced by Brazilian Finance Minister and precipitated by Ben Bernanke’s quantitative easing monetarist policy – the perils of high-frequency trading, and the burdensome economic impact of two-front warfare on the domestic agenda are just a few issues that led the Global Markets through a year of risk, volatility, turmoil and uncertainty.
Last fall, an article by the Economist praised the consolidation of railway companies in the former Yugoslavia as a development that will ease the movement of freight from Turkey to Central Europe. The Economist went on to argue that a future rail tunnel under the Bosporus and plans between Turkey and China to link Beijing […]
by Cate Mackenzie *For many, the 1st of January heralds a new start, and it’s not uncommon for weight loss to top the New Year’s resolutions list. Sense About Science, a London-based nonprofit has released its Celebrities and Science 2010 Review, which counters the more unusual diet and nutrition tips that have appeared in magazines […]
In December 14-15, Chinese officials met with their American counterpart in Washington DC for the plenary meeting of the U.S.-China Joint Committee on Commerce and Trade (JCCT). This was the 21st Session of the JCCT, high level talks between U.S. and Chinese government officials intended to address the more technical trade issues of the bilateral […]