Economics

Story Stream

Trump Knows What He’s Doing Over Tariffs March 31, 2025

Is there any rhyme or reason to what seems like the latest episode of “Tariffs Gone Wild”?...

Trump Could Make Asia More United March 29, 2025

US President Donald Trump has raised the spectre of economic and geopolitical turmoil in Asia. While individual countries have few options for pushing back against Trump’s transactional diplomacy, protectionist trade policies and erratic decision-mak...

The Tide Is Turning Against Net Zero March 27, 2025

It would drive a new industrial revolution. It would create lots of “well-paid, green jobs”. And the wealth it would generate would lower prices, raise living standards and spark innovations that would transform whole industries. ...

Xi’s Great Dilemma: Taiwan or the Economy March 27, 2025

A couple of days ago, President Trump dropped a little surprise during a press conference — he said senior Chinese officials are expected to visit the U.S. soon. Several media outlets even reported that Trump hinted Xi Jinping himself might visit Ame...

Germany’s Economy Needs a Radical Adjustment March 26, 2025

German dependence on China and its foolhardy energy policies have brought low what was once an economic colossus. With tariffs and cabinet instability on the horizon, its prospects are unlikely to improve.  ...

Poland is a Model U.S. Ally – Let’s Act Like It March 25, 2025

Earlier this month, Elon Musk inserted himself into another political debate about Russia’s war on Ukraine. In his comments, he noted his Starlink system as the “backbone” of the Ukrainian army, asserting that, “their entire frontline would collapse”...

Toward a Foreign Policy for the Working Class March 25, 2025

A foreign policy for the working class is not merely a call to rebuild America’s physical and technological infrastructure but to restore its moral and spiritual foundations. ...

China Has Already Remade the International System March 25, 2025

In early February, as he flew in Air Force One above the body of water he’d recently renamed the Gulf of America, President Donald Trump declared that he would levy tariffs on all imported steel and aluminum. ...

Trade War Explodes Across the Global March 25, 2025

Barriers to open trade are rising across the world at a pace unseen in decades, a cascade of protectionism that harks back to the isolationist fervor that swept the globe in the 1930s and worsened the Great Depression. ...

Trump, Strategy, and Mercantilism March 25, 2025

How Campus Activism on Israel-Palestine Warps Global Security Priorities March 24, 2025

Thanks to university-driven activism over the Israel-Palestine conflict, the war in Gaza has politically sidelined the West’s commitment to global security in other regions of the world.Israel-Palestine is one of the few conflicts that inspires activ...

A New Asian Bloc in the Making? March 24, 2025

Senior officials from China, South Korea and Japan will soon meet in Tokyo to try to establish a more formal relationship, replete with security and economic benefits. Informal talks had already been held between China and Japan, so it appears the tw...

U.S.-South Africa Diplomatic Crisis Provides an Opportunity for a New Beginning March 22, 2025

U.S.-South Africa relations sank to a new low last week after the South African ambassador to Washington, Ebrahim Rasool, accused the Trump administration of “supremacy” on four occasions during an online lecture on U.S. foreign policy to a South Afr...

The Quid Pro Quo for Peace in Ukraine March 22, 2025

President Trump promises a rapprochement with Russia to end the war in Ukraine. Before we dismiss this as a pipedream, we should understand the options that Trump has in dealing with President Putin. What will be the quid pro quo for peace in Ukraine...

South Korea Showing Tell-Tale Signs of Terminal Decline March 20, 2025

Sandwiched between China’s tech juggernaut and Trump’s tariffs, Korea’s political paralysis couldn’t come at a worse economic time ...

Trump’s Tariffs Challenge India’s Economic Balance March 20, 2025

US President Donald Trump’s tariff threats have dominated headlines in India in recent weeks. Earlier this month, Trump announced that his reciprocal tariffs—matching other countries’ tariffs on American goods—will go into effect on 2 April, causing ...

The Lessons of the 1930s: Have We Truly Learned Anything? March 20, 2025

It is time to see through the lies and resist an elite that, under the guise of 'liberal values,' is steadily consolidating authoritarian power....

Trump Must Consider a Stronger Lithuanian Partnership March 20, 2025

As a first-generation American of Lithuanian descent, I have a strong connection to this Baltic country. My parents fled Lithuania in 1985, then under Soviet control, and arrived in America in 1986 for a shot at the American dream.Like millions of fa...

An EU Economic Security Network Essential March 19, 2025

The success of the EU’s response to challenges posed by Russia, China and Trump 2.0 will hinge on the bloc’s ability to establish itself as a global geoeconomics power—leveraging its economic strength to pursue foreign policy goals. ...

Germany Should Shake Off the Greens and SPD March 19, 2025

From all indications, the proposed fiscal agreement in Germany between the Christian Democrats (CDU-CSU) and the Social Democrats (SPD) and the Greens is an inadequate approach to correct the chronic errors of the entire post-Schroeder era, (and only...

Trump Calls Canada to Action March 19, 2025

The U.S. is beating up on Canada.The friendship between the U.S. and Canada is historic but has fallen into an inexplicable confrontation. Bizarrely, President Trump has proposed that a fellow member of the powerful Group of Seven major economic powe...

What Trump’s Latest Houthi Strike Really Means March 18, 2025

The administration has a broader geopolitical agenda—one that includes countering China’s economic leverage, particularly Beijing’s reliance on Iranian oil. ...

America Needs a National Economic Security Strategy March 17, 2025

As America confronts an ambitious economic and military peer in China, we desperately require a more coherent playbook for protecting and using our significant economic tools and assets. It is time to complement our national military strategy with a ...

Taiwan Must Act Before China Decides Its Fate March 17, 2025

By acting first, Taiwan can lock in alliances, reinforce its economic indispensability and deter aggression ...

Russian Influence Operations in Georgia March 15, 2025

Russia’s influence operations in Georgia represent one of the Black Sea region’s most comprehensive hybrid warfare campaigns. The Kremlin has employed military intervention and territorial occupation, economic embargos, energy leverages, political co...

Mineral Trade Did Not Cause Conflict in the Congo March 14, 2025

The surge in violence in the eastern Democratic Republic of Congo has some commentators blaming a familiar scapegoat: mineral trade and American technology companies whose products contain coltan and other “conflict minerals.” Eastern Congo is rich i...

China’s Economy Is in Deep Trouble February 28, 2025

"Growing pains." That's how Harvard scholar Keyu Jin describes the problems afflicting the world's second-largest economy. "China's economic woes," she writes in Nikkei Asia, "are less a sign of stagnation and more akin to growing pains—inevitable hu...

Trump Tariffs; Bargaining Chip or Economic Bomb February 28, 2025

Key economic indicators flashed recession warnings as Treasury Secretary Scott Bessent said on February 25 that the US was in a private sector recession and that the Trump administration’s goal was to “re-privatize” the economy. ...

Trump’s Greenland Obsession Is All About China February 28, 2025

Greenland and its resources are merely the latest potential casualty of Trump’s quest for global domination and his fear of China’s economic power. ...

The Tariff Pain Is Getting Real for Chinese Companies February 28, 2025

Cui Shu, a lawyer in the southeastern Chinese city of Xiamen, was working in his office Friday morning when a flurry of calls and text messages arrived from clients, frantically seeking guidance about President Trump’s latest proposal, delivered by s...

The Broken Economic Order February 28, 2025

In many ways, Donald Trump’s election to a second term as U.S. president is a story of economic dissatisfaction. For the first time in decades, the Democratic candidate received more support from the richest Americans than from the poorest. ...

Diplomatic Masterclass From Jordan's King February 27, 2025

On February 11, King Abdullah II bin al-Hussien of Jordan became the first Arab leader to meet with President Donald Trump since his inauguration on January 20, marking the fourth consecutive time he has been the first Arab head of state invited to t...

Is Taiwan Fever Breaking in Lithuania? February 26, 2025

One of Taiwan’s most significant foreign policy achievements since the COVID-19 pandemic was the expansion of its unofficial diplomatic cooperation with Lithuania. Both countries opened unofficial representative offices in each other’s capitals—in 20...

The Return of Political Economic Nationalism February 25, 2025

The populist turn in our politics is best understood as a revival of old categories of political economy. ...

Trump Should Dump His “Rare Earth” Offer With Ukraine February 24, 2025

One of the key campaign pledges President Donald Trump made during the 2024 election was to end the years-long war in Ukraine. The then-candidate stated that it was in the American interest to negotiate a deal to finish the war.  Trump was also criti...

How Russians’ Lives Have Changed in 3 Years February 24, 2025

Away from the front lines, millions of Russians have borne the brunt of deepening political repressions, sweeping economic sanctions and uncertainty about the future....

Will Debt Bring Down U.S. as a Great Power? February 22, 2025

From Habsburg Spain to Trump’s America, there’s no escaping the consequences of spending more on interest payments than on defense....

Outside of Fiction, Socialism Has Never Worked February 22, 2025

The year is 1980, and 44 years have passed since Britain’s socialist revolution. A new generation has grown up, which has no active memories of capitalism, and only a hazy concept of what ‘capitalism’ even was.  ...

Two and a Half Cheers for Trump’s New Trade Approach February 22, 2025

There is so much to like about President Donald Trump’s reciprocal tariff blueprint, it’s hard to know where to begin. At the same time, it does raise some knotty issues that the new administration should address adequately before too long. ...

Trump's Blunt-Force Tariffs Won’t Work February 22, 2025

The steel industry needs to modernize. Tariffs can help, but the government must go beyond trade policy...

Britain Is a Failed State February 20, 2025

The Britain I grew up in is gone. Things are getting worse, and nobody wants to avert course. People are banged up for posts on Facebook, but Keir Starmer refuses to root out complicity and corruption by those in authority over the horrific rape gang...

Myanmar’s Fluid War Edging Toward an Endgame February 19, 2025

Ethnic army gains closing on junta’s central heartland, putting strategically and economically crucial regions within rebel range ...

Saudi Arabia Is Playing the Long Game February 19, 2025

Although the normalization of relations with Israel is a clear priority for the Trump administration, the calculus for Riyadh remains far more complex. Despite the promise of economic and security incentives, the reality is that Saudi Arabia may not ...

United States Should Develop a Gaza Canal February 19, 2025

The United States should consider the creation of a ‘Gaza Canal’ between the Mediterranean Sea and the Gulf of Aqaba.Such a project could have myriad benefits, including:alleviate maritime traffic congestion and decrease shipping times between the Me...

India Has Arrived February 18, 2025

Despite its vast potential, India was long overlooked by the West, both economically and geopolitically. No more: with a fundamental global realignment now underway, both the US and Europe regard India as vital to their strategic interests and priori...

India and America: A Sort of Alliance? February 18, 2025

The recent visit of Indian Prime Minister Narendra Modi to Washington, D.C., marks a pivotal moment in U.S.-India relations, signaling a trajectory toward deeper geopolitical alignment and enhanced economic collaboration. ...

What No Canadian Wants to Hear About Trump’s Tariffs February 17, 2025

President Donald Trump’s announcement of a 25% tariff on all steel and aluminum imports is the latest of the administration’s threats to the Canadian economy. Canada’s response to these threats has been shockingly near-sighted. Instead of responding ...

EU Climate Policies Are Driving Europe’s Economic Decline February 17, 2025

Since the COVID pandemic, Europe has fallen on hard economic times, and the continent’s absolute and relative economic decline has deepened over the past several years. ...

U.S.-India Must Become Closer With Trump and Modi February 15, 2025

As Prime Minister Narendra Modi arrives in Washington, D.C., his meeting with President Donald Trump holds the potential to reshape global geopolitics. This is not just another diplomatic visit—it is a historic moment to secure India’s rightful place...

Russia and China Relations in the Arctic February 13, 2025

The Arctic, rich in untapped energy reserves and offering shorter global shipping routes, is becoming a key theater of great power competition. Russia, long the dominant player in the region, finds itself increasingly isolated from the West due to sa...

China’s Xi Is Building an Economic Fortress February 11, 2025

A day in China could easily start like this: Roll out of bed and swipe through WeChat messages on your Huawei smartphone. Hop into a BYD electric car and drive to the railroad station, where a high-speed train from a state-run factory whisks you to y...

Donald Trump’s Economic Game Plan February 11, 2025

The new United States President, Donald J. Trump, channels his inner Alexander Hamilton, employing tariffs as an integral instrument of American foreign and economic policy. The sooner everyone starts focusing on the framework the President has been ...

Trump’s Trade and Economic Security Agenda January 31, 2025

President Donald Trump’s trade and economic security team is united and ready to use tariffs, export controls and enhanced sanctions to strengthen the US economy and achieve geostrategic outcomes against US adversaries. Those objectives range from pr...

Trump Hits Davos With Nationalist Capitalism January 29, 2025

Speaking from the White House, President Trump last week sounded a stirring tocsin of nationalist capitalism to the usual audience in the grim Swiss mountain town of Davos at the World Economic Forum, whose ethos is the European Union’s highly regula...

The Ukraine War Could Create an Economic Crisis for Putin January 29, 2025

Russia’s economy is facing a “moment of truth” today due to high inflation, a collapsing private sector, and critical shortages of consumer products and needed wartime commodities. These shortages are about to constrain Vladimir Putin’s war in Ukrain...

The Warship Production Crisis January 28, 2025

Securing Minerals Supply Chains in the Western Hemisphere January 28, 2025

Trump’s Middle East Moment January 28, 2025

When President Joe Biden announced on Jan. 15, 2025 that the United States had successfully brokered a fragile ceasefire and phased hostage exchange between Israel and Hamas, he underscored how the cessation of violence could open the doorway for reg...

Tanzania Energy Summit: A Moment African Leaders Must Seize January 27, 2025

Later this month, African leaders and policymakers will gather at Dar es Salaam, Tanzania – East Africa’s most populous city – for the highly anticipated “Mission 300 Africa Energy Summit.”Mission 300 is an initiative to provide electricity to 300 mi...

Germany’s Economic Model Is Broken January 27, 2025

Christian Scharpf, the mayor of this city of 140,000, Germany’s second richest, is looking for ways to save close to €100 million....

By Voting To Leave the EU, We Escaped a Terrible Fate January 27, 2025

After World War II, social democracy gradually became the reigning political and economic idea in Western Europe. Seen as a synthesis of different ideas that were opposed to the two extreme poles of fascism and communism, it attracted not just stalwa...

Gold Glitters at End of the World as We Know It January 27, 2025

Ukraine war, US deficit and Trump effect keep gold near record high versus dollar hedge alternatives ...

DeepSeek Shows Trump Tariffs Doomed To Fail January 27, 2025

DeepSeek’s breakthrough AI model is more than just a technological leap; it’s a strategic victory for China ...

Forgotten Wars: The Haitian Crisis January 25, 2025

Over the past decade, following the devastating passage of Hurricane Matthew in 2016, Haiti has been experiencing an unprecedented socio-political and economic crisis. This crisis is characterized by widespread political instability and the substanti...

Yes, Reshoring American Industry Is Possible January 25, 2025

Reshoring American industry has become a bipartisan policy objective — it has always been part of Donald Trump’s agenda, and Biden cared a lot about it as well....

World Leaders in Davos Fall in Line in Trump Era January 23, 2025

He’s not showing up in person, and his video address will come as the World Economic Forum is already winding down. But Donald Trump is still what everyone wants to talk about in Davos. ...

A New Chapter for Ukraine January 23, 2025

With the overwhelming election of President Donald Trump to a second term, America welcomes an opportunity to reorient its foreign policy in a manner that prioritizes the security of the American homeland. The collapse in border sovereignty plus horr...

China Uncensored: Xi Wants Both Robust Growth And Central Control January 22, 2025

China's economy is collapsing. And if Xi Jinping wants to change that, he has to make a choice:One of the biggest contradictions surrounding Xi and his government these days is their desire to promote robust economic growth while enacting tighter cen...

Fukuyama: It’s Hard To Build Anything In The U.S. With So Many Rules January 22, 2025

Stanford's Francis Fukuyama is no conservative. However, in a wide-ranging interview with Ian Bremmer on GZERO World, he argues that excessive proceduralism in the United States has made it nearly impossible to build critical infrastructure, even for...

Economics Explained: How Europe Sabotaged Its Own Economy January 22, 2025

Europe, home to some of the world's largest and most advanced economies, has been experiencing nearly two decades of economic stagnation, falling behind the USA in raw output. Despite high living standards, competitive salaries, and excellent educati...

Fear and Loathing in Davos January 20, 2025

European leaders are flocking to Davos for the annual World Economic Forum this week — and their speaking engagements offer an insight into their state of mind. ...

China’s Young Adults Accelerate Saving, Raising Economic Risks January 20, 2025

The frugal trend that began in China during the economic disruption of the pandemic and deepened amid the crisis in the property market is intensifying as Gen Z shuns government calls to spend, spend, spend and doubles down on saving.The frugal trend...

Strengthening U.S.-Mexico Ties January 17, 2025

What will the US-Mexico relationship look like in 2025? As he takes office, President-elect Donald Trump’s priorities and initial decisions could have profound impacts on the agendas for the two countries and on the wider region, including in the cri...

Panama: From Zoned Out to Strategic Opportunity January 17, 2025

Since his election in November 2024, President Donald Trump has staked out strong positions on the importance of the Western Hemisphere to the United States’ national security interests. A secure, prosperous, and free Western Hemisphere underpins U.S...

How Trump Can Rebuild America January 16, 2025

Across the American economic dashboard, warning indicators are flashing red....

Starving the Dragon January 16, 2025

President-elect Donald Trump has a broad popular mandate to thwart Chinese economic warfare against the homeland. ...

American Cycles and Uncertainty January 15, 2025

Many look from afar at the current political, social and economic turmoil in the United States and see it as a sign of American decline. In my most recent book, “The Storm Before the Calm,” my goal was to explain the patterns in the U.S. that look li...

U.S. Economy Surprised Again in 2024 Despite Drama December 31, 2024

Over the last few years, the US economy has consistently defied expectations for a slowdown, and 2024 was no different....

China’s Hacking Frenzy Has Reached the U.S. Treasury December 31, 2024

When Chancellor of the Exchequer Rachel Reeves visits Beijing in January on a mission to improve ‘economic and financial cooperation’ she could well find her hosts surprisingly well informed about the global financial system and Donald Trump’s plans ...

This Time, It Is All Different: Trump Is Back December 31, 2024

Just twenty years ago this week, the world’s greatest scholar of Islam, Sir Martin Gilbert, wrote of George W Bush and Tony Blair that they “may well, with the passage of time…join the ranks of Roosevelt and Churchill….when Iraq has a stable democrac...

The Global Economy in 2025 December 27, 2024

It is something of a tradition every December to take stock of the year that is ending and consider what might lie ahead. This is true on a personal level: in my family, we tend to do this around the dinner table. But it is also true more broadly, wi...

How Tariffs Could Be a Blessing in Disguise December 27, 2024

All indications are that free trade has gone the way of the typewriter and the pay phone. What has long been a pillar of economic liberty and free-market capitalism has been degraded by protectionism, populism and isolationism. Neo-mercantilism is th...

Milei’s First Year Ends With Optimism December 26, 2024

For much of this month, praise for Argentina’s economic successes has become almost a cliché in newspapers throughout the world after President Javier Milei reached the milestone of one year in office surrounded by a sense of triumph....

Political Contradictions Point To End of U.S. Empire December 24, 2024

Offensive Strategy: The EU’s Economic Security December 24, 2024

Defensive economic strategies might slow Europe’s decline, but they won’t secure its future. Only bold reforms and an offensive trade agenda can restore its competitive edge...

Populists Bringing Down Euro Elites in 2024 December 24, 2024

Ukraine war fatigue coupled with economic woes and immigration concerns fueled a tide of revolt   ...

Expect a More Complicated Trade Policy for Trump December 23, 2024

For about a decade, American trade policy has been buffeted by competing impulses on how it should engage economically with the world. ...

The Rise and Fall of Economic Statecraft December 23, 2024

When Donald Trump returns to the White House in late January, he’ll hold the levers of U.S. economic power. ...

China's Role in Post-Assad Syria December 23, 2024

The abrupt ouster of the Assad regime in Syria after five decades of its reign caught governments around the world by surprise. This sudden transition of power and major shift in the geopolitics of the Middle East have implications for many countries...

The Decline of the United States Defense Industrial Base December 23, 2024

By the Numbers: The Global Economy in 2024 December 23, 2024

Forgotten Wars: The Rising Tension in the Philippines December 21, 2024

The Philippines, strategically located at the heart of Southeast Asia, occupies a critical geopolitical position. The current politico-military crisis primarily revolves around the South China Sea, a contested area rich in natural resources and home ...

The Swedes Tried to Warn Us December 21, 2024

The economists who won the Nobel Prize see political institutions as key to economic vitality and fear political extremism when inequality rises. Sound familiar? ...

Merz or Scholz: The Same Self-Destructive Path December 20, 2024

The upcoming German elections will not only define the future of one of the two political and economic pillars of the European Union, they will also test the leadership skills of the two key figures: Friedrich Merz, leader of the centre-right CDU/CSU...

Britain Is Living Beyond Its Means December 20, 2024

Today’s figures on the public finances and retail sales will bring some relief to Rachel Reeves; both show a small positive direction. In November, they reveal, the government had to borrow £11.2 billion, which was £3.4 billion down on the same month...

Trump Should Seek To Avoid War With Iran December 20, 2024

With only a month until Donald Trump’s inauguration as president, the Middle East is more chaotic than it has been in years. In early December, Bashar al-Assad fled to Moscow, as his regime in Syria collapsed. The western media has become focused on ...

China’s New Social Contract December 19, 2024

Europe’s view of China has evolved rapidly in recent decades. What began as a broad lack of knowledge about the country gave way to curiosity about its history and culture. China’s economic rise further piqued Europeans’ interest, particularly after ...

“Dunkelflaute” Roils The European Energy Market December 19, 2024

If Europe continues down the path of intermittent renewables reliance, without adding to its nuclear energy capacity, it will find it difficult to maintain their economic competitiveness.  ...

Macroeconomics: The Predator of Foolish Regimes December 19, 2024

Bolivia isn’t a country we talk about a lot. ...

How to Stop a Trade War December 19, 2024

President-elect Donald Trump campaigned on a promise of a trade war more extensive than anything Americans have seen in decades. His proposals include a new 20 percent “universal” tariff on all foreign imports and hiking tariffs on China to 60 percen...

Knauf: Questions About a Possible Global Transaction December 18, 2024

Knauf, a German construction giant with a robust presence in the U.S., is reportedly negotiating the sale of its Russian business with Gazprombank—a state-owned Russian bank sanctioned by the U.S. and E.U. for financing Russia's war against Ukraine. ...

Five Ways To Counter China’s Economic Might December 17, 2024

China’s strength lies in its long-term strategic thinking. To deal with the People’s Republic and its overbearing economic power, the West will also have to think in a similar far-sighted fashion. ...

The Price of American Retreat December 16, 2024

When he begins his second term as president, Donald Trump will inherit a world far more hostile to U.S. interests than the one he left behind four years ago. China has intensified its efforts to expand its military, political, and economic influence ...

The Impact of Russia Sanctions on Central Asia December 16, 2024

Since Vladimir Putin launched his full-scale invasion of Ukraine and invited the largest international sanctions regime against Russia since the Second World War, Central Asia and the Caucasus have been forced into an uncomfortable position at the fr...

China’s Port in Peru Marks Dangerous New Era November 27, 2024

Chinese president Xi Jinping on Thursday celebrated the opening of a new port that his state-owned shipping company Cosco has built in the Peruvian fishing village of Chancay.The opening of the port marks the dawn of a dangerous new era in which Chin...

Russia’s Grand Geo-Economic Plan in Afghanistan November 27, 2024

Moscow moving to make Kabul key component of Greater Eurasian Partnership plan to trade more with South Asia and reduce reliance on China ...

Central Asia is Key to United States November 26, 2024

Offering economic incentives that compete with Beijing and Moscow’s carrots while enhancing security cooperation is essential for the United States to reestablish its strategic foothold in Central Asia. ...

Managing U.S.-China Tensions November 26, 2024

The U.S.-China Global Economic Order (GEO) Dialogue, now in its ninth year, focuses on strengthening dialogue and fostering cooperation around the three pillars of the Bretton Woods system: international trade, finance, and development....

Xi Is Ready This Time for Trump November 25, 2024

The US is in the midst of its presidential transition, but the world isn’t waiting patiently for Jan. 20 to arrive. Russia’s Vladimir Putin is pressing his advantage in Ukraine. Israel is devastating Hezbollah and Hamas. The Houthis of Yemen are inte...

France’s Economic Downturn Accelerates as New Orders Crumble November 25, 2024

French business activity contracted in November at its sharpest pace since early this year, a survey of business executives showed on Friday, as new orders and future expectations hit a four-year low....

China Uses Economic Leverage on U.S. Before Trump November 21, 2024

China is poised to impose stricter export controls on "dual-use" materials essential to defense and tech manufacturing, in what one U.S. lawmaker has called a "wake-up call." ...

Europe Is Struggling To Keep Pace With the U.S. and China November 21, 2024

Europe is struggling to keep pace with the United States and China in economic growth and tech innovation. Can startups fill the gap? ...

German Gov. Collapse Is a Bad Sign for Europe November 20, 2024

Germany's "traffic-light" coalition is dead, thanks to its finance minister's refusal to let Chancellor Olaf Scholz open the spending floodgates. As the nation hurtles towards new elections in February, its faces months of political and economic unce...

Trump’s Realist China Grand Strategy November 20, 2024

President-elect Donald Trump’s decisive election victory gives him a once-in-a-generation mandate to finally implement an America First grand strategy and thus replace the outdated globalist post-World War II framework. Trump’s vision is a hard-nosed...

Starmer Is Caught Between Europe and America November 20, 2024

The Governor of the Bank of England, Andrew Bailey, warned on Thursday of the need for the UK to “rebuild” relations with the European Union. By the weekend, this was starting to look like a pre-emptive strike. On Friday Stephen Moore, a key economic...

South America Is Now China’s Backyard November 19, 2024

Peru gave Xi Jinping a warm welcome last week when he arrived for the Asia-Pacific Economic Cooperation summit in Lima. The Chinese leader was even accorded the honor of a state visit. ...

Donald Trump Can't Ignore Africa November 16, 2024

The incoming administration has a unique opportunity to cultivate a dynamic partnership with Africa that transcends conventional diplomacy, intensifies economic ties, balances security commitments, and revitalizes development efforts ...

Germany Plots To Break Its Cardinal Economic Rule November 16, 2024

In one casual sentence, Friedrich Merz upended Germany’s economic policy. ...

EU Warned To Prepare for Early Trump Tariff Action November 16, 2024

European leaders should not assume that Trump’s tariff threats are “just a bluff,” one of Trump’s international economic advisers in his first term says. ...

Washington’s Answer to Belt and Road in Africa November 15, 2024

The ascent of China’s economic influence in Africa is undeniable, with China surpassing the United States as the continent’s largest trade partner in 2009 and more recently quadrupling the US-Africa trade volume. The trade gap has US policymakers con...

Russia’s Fiscal Dependence on China Grows November 14, 2024

As Western sanctions increasingly isolate Russia, it has become highly dependent on China for trade and economic support, particularly in energy exports sold at discounted prices....

Germany’s Economy Is a Dark Warning for Britain November 12, 2024

The United States was not the only country to experience a political shock last week. As all eyes were on Trump’s historic comeback, over to our east, Germany’s “traffic-light” coalition was collapsing. ...

Rubio Brings China Realism to the State Department November 12, 2024

Senator portrays as fierce China hawk but his deep knowledge of China’s economic success could set the stage for a Nixon-like grand bargain ...

Living in Trump’s World November 12, 2024

Faced with the threat that Donald Trump poses to Europe’s economic and military security, European leaders must avoid both panic and complacency. The best way to do that is to use the time between now and 20 January 2025, to agree on their common int...

Trump Tariffs Threaten To Torpedo the Yuan November 11, 2024

Chinese currency has weakened since Trump’s election win and if he actually makes good on 60% tariff threat the drop could be resounding ...

How Asia Is Bracing for Trump’s Second Term November 11, 2024

Donald Trump’s comeback is now certain, after he decisively won re-election to the White House, but there is growing uncertainty over how his second-term administration will deal with the Asia-Pacific—a region of increasing strategic relevance and ho...

The Lights Go Out in Cuba November 08, 2024

ALatin American country of ten million people, already in steep economic decline, moves into acute crisis as its entire electrical network shuts down. The U.S. government moves quickly to help stabilize the situation. The National Security Council co...

Economic Woes Collapse Germany’s Governing Coalition November 08, 2024

The Ukraine war's shadow looms large, affecting manufacturing and energy prices   ...

The Biggest Transatlantic Loser from Trump’s Election: Britain’s Labour Government November 07, 2024

“Congratulations President-elect Donald Trump on your historic election,” British prime minister Sir Keir Starmer posted on X at 3:21am ET on Wednesday. The best that can be said about this tepid concession is that Starmer got his concession in befor...

Botswana’s Stunning Election Upset Puts Elites on Notice November 06, 2024

Across Africa, voters are responding to corruption and economic fragility by overturning decades of rule   ...

Biden’s Foreign Policy Legacy Will Be in Economic Warfare November 06, 2024

Joe Biden’s foreign policy will be remembered for many things: the humiliating exit from Afghanistan, the stalwart response to Russia’s invasion of Ukraine, the struggle to contain the fallout from Oct. 7 in the Middle East. But Biden has cast his lo...

This Time, Team Trump Wants Tariffs November 05, 2024

Trump now has a pool of advisors and officials committed to enacting his economically nationalist policies. ...

Save Yourselves. Vote for Donald Trump November 04, 2024

Voters across the pond are quickly realizing what a massive mistake they made by electing Sir Keir Starmer’s far-left, Labour government in the United Kingdom. America, you cannot afford to follow suit.It’s only been three months since the left-wing ...

Is Maduro Even Trying Anymore? October 30, 2024

Months after Maduro was declared winner of the latest fraudulent Presidential Election in late July – in which the opposition candidates Edmundo González and María Corina Machado were confirmed as the true winners – Brazil, under the leadership of Pr...

Amb. Robert Lighthizer: Donald Trump, China, & Economic Dynamism October 30, 2024

Johnny Burtka and Ambassador Robert Lighthizer—a veteran of both the Trump and Reagan administrations—discuss economic growth, middle-class prosperity, and trade policy, America’s historic and present relationship with China, and how to strengthen do...

The Free Press: Hezbollah Repressed a Revolution in Lebanon October 30, 2024

"Many ask why the Lebanese people have not stood up to the Hezbollah-dominated system that has made their country a failing state. The answer is that hundreds of thousands of them have. In a movement little known outside the region, in 2019, citizens...

Lula and Trump vs. Central Banks October 30, 2024

Last month, Federal Reserve Chairman Jerome Powell announced a long-awaited cut to the benchmark interest rate, slashing it to 4.8 percent, down from a 23-year high of around 5.3 percent. Just hours later, Brazil’s Central Bank, or BCB, hiked borrowi...

Japan’s Elections Reveal a Nation in Crisis October 29, 2024

Scandal-ridden politicians seem incapable of rising to the huge social, economic and geopolitical challenges ahead....

Honduras Walks an Economic Tightrope. What Happens to the Americas? October 28, 2024

Lost in the 2024 election shuffle, Honduras is walking an economic tightrope. Faced with an unprecedented currency crisis, the country’s response may shape the economic future of Central America for better or worse, with real consequences for the Uni...

Will China Intervene Directly in Africa? October 28, 2024

Africa presents a uniquely complex challenge for China. Political instability — wars, coups, civil unrest — poses challenges that may undermine China’s peaceful rise and compel it to deploy military and security forces to protect its investments and ...

30 Years of Israel-Jordan Relations October 28, 2024

Despite the recent rancor, the peace treaty between Israel and Jordan continues to deliver invaluable economic and security dividends to both states. ...

Forgotten Wars: The Civil War in Central African Republic October 26, 2024

The conflict in the Central African Republic (CAR) is one of the most complex and prolonged in sub-Saharan Africa, characterised by endemic violence, external interventions, and geopolitical interests involving global and regional powers. Its roots t...

Germany’s Mittelstand Is Collapsing October 26, 2024

Sometimes it is hard to know who to believe during a crisis. Optimists in Germany might take solace in a recent Bloomberg report announcing that “the country’s economic downturn may be ending”....

More Milei, Less Malarky October 25, 2024

With the presidential election mere weeks away, both candidates are going all out to win over swing voters, and their promises are growing increasingly outlandish — some bordering on illegal. While American voters despair that our election politics h...

EU's Economic Stagnation October 23, 2024

Part of the astonishingly clumsy launch of the Starmer government in the UK is the inexplicable faith, frozen in aspic, of the new prime minister and his senior colleagues, that being “in lockstep” with the European Union is the key to the revival fr...

BRICS Summit Gives IMF Gang a Run for Its Money October 23, 2024

Western-led order’s unraveling on full display as BRICS gathering in Russia gives IMF meet in US an economic reality check ...

China’s Economic Stimulus Isn’t Enough October 22, 2024

As Beijing has intensified its efforts in recent weeks to overcome China’s economic slowdown, speculation has centered on the prospects for a combination of monetary easing, government spending, and investment incentives that will create a “bazooka” ...

How the U.S. Can Counter China’s Economic Coercion October 21, 2024

In recent years, China’s threat of economic coercion has loomed large, and Washington’s allies and partners have seen entire sectors threatened by Beijing as punishment for certain political stances....

Time for a U.S.-China Grand Bargain October 19, 2024

As geopolitical, economic and ecological risks mount, US-China need to strike a war-avoiding, empire-ending deal on a new world order ...

China's Stimulus Measures Expose Weakness October 19, 2024

Two major developments have followed the Third Plenum in July. First, a series of economic data releases indicated that the plenum had done nothing to improve the country’s short-term outlook. Second, a series of stimulus measures were announced over...

The China-Decline Narrative Gets It All Wrong October 18, 2024

Beijing has just fired an economic salvo that’s reverberating through global markets. Make no mistake, this is not your garden-variety stimulus package. China is fundamentally realigning its growth strategy. That demands the undivided attention of ev...

Kazakhstan Is Refraining From Joining BRICS October 18, 2024

Kazakhstan has become an important economic player in Eurasia, with impressive growth since gaining independence in 1991. ...

Is BRICS De-Dollarization a Step Too Far for India? October 17, 2024

While at the Carnegie Endowment for International Peace in Washington, India’s External Affairs Minister S. Jaishankar commented that New Delhi will not decouple from the US dollar, noting that it was not in his country’s economic interests....

Russia Must Choose: Ukraine or the Arctic October 17, 2024

All empires expand and then eventually suffer from “overreach,” when their territorial ambitions exceed their military and economic capacity to sustain them....

Iran Should Stay on the Global Terror Finance and Money Laundering Blacklist October 16, 2024

On October 21, the plenary of the Financial Action Task Force, or FATF, will convene in Paris. Should the organization that sets global standards for countering money laundering and terror finance consider removing the Islamic Republic of Iran from i...

Starmer Can’t Keep Britain Afloat October 16, 2024

It’s hard to know what is more emblematic of Britain’s economic predicament today: the Government pleading for investment from the owners of a ferry company that sacked all its workers; Robert Jenrick cutting a Union Jack cake to celebrate Margaret T...

Russia’s Deliberately Unclear Strategy for Iran October 15, 2024

Readers have no doubt noticed that much of my writing over the past two-and-a-half years has focused on Russia. Some of the reasons for this are obvious: Russia is a global military power. It is not a great economic power, but it has the capacity, al...

A Russian Economic Meltdown Is Coming Next Year October 15, 2024

Will Putin’s genocidal war against Ukraine end in 2025? If you believe the economic projections of three brilliant economists — a Russian, a Swede and an American — the answer is very likely yes. ...

Xi’s Economic Bazooka May Had Misfired October 14, 2024

China’s annual “Golden Week” is typically a time for travelling, spending time with family and tucking into festive treats like moon cakes and hairy crabs.   ...

The Global South Fears the Biden-Harris Administration’s Policy Agenda October 14, 2024

What is President Biden and Vice President Kamala Harris’s foreign policy plan? That’s a question that few have answers to, but for hundreds of millions of people in the developing world the stakes could not be higher.East Africa faith leaders are ra...

U.S. Should Hold Canada Accountable for Its Border Security Failings October 14, 2024

Canada felt serious pain when the U.S. closed its borders after 9/11. The Jean Chrétien government of the day reacted with a singular priority: keep Canada’s border with the U.S. open because Canada’s prosperity depends on it. That primarily meant as...

The Rise and Fall of Macronomics October 12, 2024

When Emmanuel Macron came to power in 2017, he was hailed as the business-friendly former Rothschild banker who would turn France into a world-beating investment destination by slashing public spending and lowering taxes....

Escaping the New Gilded Age September 28, 2024

In an America where wealth has increasingly become the primary source of social status, billionaires are viewed as entrepreneurial geniuses who exhibit unique levels of creativity, courage, foresight, and expertise on a wide range of topics. Yet it s...

U.S. Should Sanction Iran’s Brutal Judge Iman Afshari September 27, 2024

The death sentences keep coming from Branch 26 of Tehran’s Revolutionary Court. In July, the court’s presiding judge, Iman Afshari, pronounced the dreaded verdict for Pakhshan Azizi, a prominent Iranian women’s rights activist and social worker, who ...

The African Development Bank Comes of Age September 27, 2024

September 10, 2024, marked the 60th anniversary of the creation of the African Development Bank (AfDB). The occasion was described as a “day of joy” in the words of bank president Akinwunmi Adesina speaking at the Bank’s headquarters in Abidjan. The ...

China Is Assembling an Economic Bazooka September 26, 2024

China’s leaders have been drip-feeding support into their ailing economy for three years. This week, they jacked up the dose. ...

Draghi’s Plan for Europe: Some Good and One Really Bad Idea September 25, 2024

The former European Central Bank president correctly identifies many of the EU's economic weaknesses. His solution, however, relies too much on rigid industrial planning.  ...

Diplomatic Games on UN Security Council Expansion September 24, 2024

Some topics never die at the United Nations. Calls to expand and reform the Security Council is one of those persistent issues. An amendment increasing its size was adopted only once in 1965. But calls for further expansion were raised again only a f...

Worsening Situation Under Biden/Harris September 23, 2024

If you’re among the supermajority of Americans who believe that domestic societal and economic conditions have deteriorated under nearly four grinding years of the Biden/Harris administration, imagine what awaits if a major conflict involving China, ...

U.S. & Turkey Offer Support for Peace Between Armenia and Azerbaijan September 21, 2024

This week, Azerbaijan held a conference on the “Modern Challenges to the Security of Global Transport Networks.” Over 50 representatives and foreign officials attended the forum. During the event, participants stressed the importance of “expanding in...

Kamala Harris and Justin Trudeau: A Political Déjà Vu? September 20, 2024

Kamala Harris’s presidential campaign is following a political playbook that has already reshaped a nation – not the United States, but Canada under Justin Trudeau. As someone who has followed politics for decades on both sides of the 49th parallel, ...

The Economic Record Of Socialism -- China September 20, 2024

China has proudly proclaimed itself to be a Communist country ever since Mao Zedong came to power in the late 1940s. I understand the term “Communism” in the context of a country like China to mean a socialist (state-directed and controlled) economic...

Japanese Leadership: Many Candidates, Multiple Challenges September 19, 2024

Power abhors a vacuum, the saying goes, so perhaps it’s no surprise that nine Japanese lawmakers—a record high—have declared their candidacy since Prime Minister Fumio Kishida announced he would not seek reelection.While Kishida’s decision was not un...

Is the Federal Reserve Too Late? September 19, 2024

At long last, it seems that the Federal Reserve has smelt the coffee that it was keeping interest rates too high for too long for the economy's good. However, it remains to be seen whether today’s welcome and bold decision to cut interest rates by 50...

EU Economy: Sink or Swim September 19, 2024

While Europe as a whole is in economic stagnation, some countries are bright spots that defy that trend.  ...

Macron Has Laid Out Marine Le Pen’s Path to Power September 18, 2024

After the country’s election 72 days ago left three political blocs with no outright majority, France remains without a government. New Prime Minister Michel Barnier was appointed by Emmanuel Macron to act as a bridge to the far-Right bloc. Choosing ...

The Economic Record of Socialism September 17, 2024

With a radical far-leftist in serious contention for the presidency in our upcoming election, it is worthwhile to check in on the record of leftism and socialism in other countries. ...

Time to Launch Abraham Accords 2.0 September 14, 2024

Four years ago, the historic Abraham Accords between the UAE, Bahrain, and Israel were signed on the White House lawn. Morocco and Sudan soon followed. In the midst of the extremely challenging COVID-19 pandemic, a ray of light heralding a new era of...

The Economic Way to Reverse Demographic Decline September 13, 2024

In an April essay published by Asia Times about actual or impending fertility decline to below population-replacing levels in nearly all countries outside sub-Saharan Africa, I observed: ...

Blocking the Nippon Steel Acquisition: Politics vs. Policy September 12, 2024

A decision by President Biden to block Nippon Steel’s purchase of U.S. Steel would not be good policy or good politics. ...

Forgotten Wars: The Essequibo Crisis September 12, 2024

This is part III of a series of articles on lesser known conflicts throughout the world. Part I  highlighted The Nagorno-Karabakh Crisis and Part II covered The Civil War in Myanmar.The historical roots of the conflict between Venezuela and Guyana go...

Is Ukraine Falling Victim to Victory’s Disease? September 10, 2024

Over the past month, Ukraine has boasted of seizing approximately 500 square miles of the Russian Kursk region, marking the first time that Ukraine has directly attacked and seized Russian territory since Russia invaded Ukraine in 2022.However it is ...

A ‘Rules-Based’ or ‘Principle-Driven’ New Global Order? September 10, 2024

UN Charter’s respect for sovereignty, non-intervention and territorial integrity, as well as human rights, freedoms and open economics must prevail ...

‘Ending in Rabat’: France's Moroccan Pivot and the Future of Western Sahara September 09, 2024

A saying oft repeated in discussions of French diplomacy stipulates that “a French president's mandate begins in Algiers and ends in Rabat.” This axiom has proven strikingly prescient. Consider the letter French President Emmanuel Macron recently sen...

Did Communism Really Fall? September 09, 2024

The essence of Communism is both subtler and more familiar than economic programs. ...

Rejecting China’s Bullying at Second Thomas Shoal September 06, 2024

On July 21 the Philippines and China announced a “provisional agreement” to deescalate a conflict over a submerged reef in the South China Sea and within the Philippines’ Exclusive Economic Zone (EEZ). ...

Beijing’s Play for Taiwan’s Young Voices Intensifies September 05, 2024

In early June, Taiwanese celebrities and influencers offered a rare window into a little understood way that China is seeking to exert influence on the island’s information space. Within the span of just a few days, multiple singers, actors, and YouT...

China’s Troubles Are Hitting Home for U.S. Companies September 05, 2024

For years, global companies showcased their Chinese operations as a source of robust growth. A burgeoning middle class, a stream of people moving to cities, and the creation of new services to cater to them—along with the promise of the further openi...

‘No Preaching’ and Other Tactics as China Woos African Leaders September 04, 2024

With pomp and splendour, China has welcomed more than 50 Africans leaders to Beijing this week for a summit to strengthen ties at a time of increasing political and economic turmoil around the world. ...

AMLO Set To Consolidate Power in Mexico September 03, 2024

Outgoing President Andres Manuel Lopez Obrador is poised to control the only branch of government that still eludes him in Mexico, ensuring the dominance of his Morena party for years to come. Such unchecked power would pose significant political and...

Who Is Winning the Chip Wars? August 29, 2024

Hong Kong’s New Strategic Role August 29, 2024

Key officials visited the Hong Kong Special Administrative Region (HKSAR) in late August to explain the city’s political, economic, cultural, and security responsibilities. They signaled deeper integration with the People’s Republic of China (PRC) ma...

Tectonic Shift Coming on Global Currency Markets? August 28, 2024

China’s currency could skyrocket if Chinese firms shift their $2 trillion in dollar assets to yuan holdings in response to Fed rate rise ...

How America Lost Its Global Connectivity Lead August 28, 2024

It could be a boat anchor that kicks off the invasion of Taiwan, not a bullet. The thousands of miles of sub-sea cables are what make everything function — not just in Taiwan — and it’s clear to any invading force that owning this is key to winning a...

COVID-19: The Preventable Pandemic August 23, 2024

When the Heritage Foundation released its comprehensive report on the origins of the Covid-19 pandemic, headlines tended to focus on the cost to the U.S. That’s not surprising: At an eye-popping $18 trillion, it’s almost 10 times the projected 2024 b...

It’s Time To Rebuild America’s Industrial Capacity August 23, 2024

America’s strength has always come from our ability to outproduce the world. Our industrial might is what sustains our military superiority, economic might, and technological prowess. This country has all the ingredients, from its people to its bount...

Kamala’s Economics and Alexander Hamilton August 23, 2024

Tariffs Can Help Make the U.S. a Minerals Powerhouse August 22, 2024

In the first half of the 20th century, the United States was a minerals powerhouse. From 1910 to 1950, the country represented between 30 percent and 40 percent of total global mining production. ...

World Economy's Last Great Engine Is Sputtering Out August 22, 2024

A jumbo US rate cut of 50 points in September is back on the table, and possibly several cuts in a quick succession as the Federal Reserve is forced into a screeching hand-brake turn. ...

China Prods Pakistan to Ramp up Security August 22, 2024

China is frustrated with Pakistan's inability to protect Chinese workers on the China-Pakistan Economic Corridor (CPEC), which has slowed progress due to violence and instability....

China’s Not-So-Secret Economic Weapon August 20, 2024

A new report has provided compelling evidence that China’s excess manufacturing capacity – long considered a potential weakness by many Western economists – may in fact be a critical part of Beijing’s efforts to undermine the United States by decimat...

The American Merchant Marine Is Dying August 19, 2024

In the early hours of March 26, the MV Dali, a 985-foot cargo ship weighing in whole over 91,000 tons, smashed into a supporting pier of the Francis Scott Key Bridge in Baltimore, Maryland.  ...

The Innovation Fallacy August 19, 2024

In remarks in 2018, Chinese leader Xi Jinping highlighted the potential of “disruptive technological innovation” to change history. Key advancements, Xi insisted, had remade the world. He listed the “mechanization” of the First Industrial Revolution,...

A Fourth Joint Communique Would Benefit Washington’s China Policy August 16, 2024

August marks the 42nd anniversary of President Ronald Reagan’s Third U.S.-China Joint Communique. Reagan accomplished this feat during a period of intense debate over the United States’ relationship with China to avoid a cross-Strait crisis. While to...

The Case for a More Strategic U.S. Foreign Policy August 15, 2024

As the nation focuses on the coming presidential election, the foreign policy landscape surrounding the United States is in disarray. Israel is bracing for a retaliatory Iranian attack following their killing of Hamas political leader Ismail Haniyeah...

America Is Turning into the EU August 15, 2024

Democrats are steering the US towards European-style censorship, technocratic rule and economic decline....

Iran’s Plans for the Region Were Interrupted by the Haniyeh Killing August 14, 2024

Following the sudden death of Iran’s president, Ibrahim Raisi, the reformist politician Masoud Pezeshkian won the snap election to replace the hard-liner, a possible successor to supreme leader Ali Khamenei.Pezeshkian campaigned on a program of chang...

Blow for Xi as Investors Scramble To Quit China August 12, 2024

Foreign investors have pulled a record £12bn out of China in an economic blow for President Xi Jinping. ...

China Courts Developing Nations for a New World Order August 10, 2024

When China’s Premier Li Qiang visited Malaysia in June, he did not need to defend China’s growing projections of economic and military might in Southeast Asia. Malaysia’s Prime Minister Anwar Ibrahim did it for him: China was a “true friend” whose do...

A Different Economic Strategy for India August 10, 2024

The national election in India this past spring produced a shocking outcome.  Prime Minister Narendra Modi and his Bharatiya Janata Party (BJP) were widely expected to win a third five-year term and increase their majority in the Indian parliament.  ...

Kenya and the African Continent Need Greater U.S. Attention August 08, 2024

Africa has never truly been a strategic geopolitical focus for the United States. Despite the continent’s population of 1.4 billion people, which is predicted to double by 2050, and having some of the fastest-growing economies in the world, the U.S. ...

China’s Real Economic Crisis August 07, 2024

The Chinese economy is stuck. Following Beijing’s decision, in late 2022, to abruptly end its draconian “zero COVID” policy, many observers assumed that China’s growth engine would rapidly reignite....

Decoupling From China: Is It Possible? August 06, 2024

Imagine waking up tomorrow in a world where America no longer calls the shots. Where our economic might has withered, our technological edge has been blunted, and our national security has been compromised. This isn’t the plot of a dystopian novel—it...

Tokyo Stocks Brace for Further Volatility August 06, 2024

Market wary as it awaits U.S. rate cut decision and Japan real wage data ...

Why Ukraine Should Not Be on an “Irreversible Path” Into NATO August 05, 2024

If Donald Trump wins this November, with Ohio Senator JD Vance as his VP,Ukraine’s hopes of joining NATO could vanish — and that wouldn’t be a bad outcome. Given Ukraine’s minimal economic and strategic relevance to United States national interests, ...

‘Degrowth’ Means Rich Stay Rich, Poor Made Poorer August 05, 2024

It is hard to distinguish whether an action is driven by malice or incompetence when the results are the same. Even if there is no full-blown World Economic Forum (WEF) conspiracy led by the Bond villain lookalike Klaus Schwab, one has to wonder what...

China's Investments in West African Ports July 30, 2024

Over the past decade, China has significantly increased its presence in West Africa, particularly in the maritime infrastructure sector. This expansion is not solely driven by economic imperatives but also by a strategic desire to enhance Beijing's i...

Xi Stays the Course Amid Rising Calls for Change July 30, 2024

Chinese President Xi Jinping has laid out his vision for China’s economic and social future – and it places Xi Jinping at the very center. ...

China’s Growing Influence in the Middle East July 29, 2024

China’s economic and political engagement in the Middle East has surged over the past decade, particularly in the aftermath of the Arab Spring and amid growing perceptions of the United States’ withdrawal from the region. ...

China Retools Its Economy for a New Geopolitical Age July 27, 2024

In 2014, at the inaugural meeting of the National Security Commission, China officially introduced the concept of “comprehensive national security,” framing economic security as its basis. ...

Armenia and Azerbaijan Hold Peace Talks July 26, 2024

Following a tense spring, it appears that Armenian and Azerbaijani officials are making progress on a peace agreement. Earlier this month, foreign ministers from both countries gathered in Washington to discuss the peace process in further detail. U....

Russia’s Gateways into the Indo-Pacific July 26, 2024

In September 2022, after both the invasion of Ukraine and a military takeover in Myanmar, Senior General Min Aung Hlaing met with Russian President Vladimir Putin under the umbrella of the Eastern Economic Forum (an event held in Vladivostok) to expl...

India-China Warming Pops U.S. Pipe Dream July 26, 2024

U.S. envisions India as democratic counterweight to China but Asian powers are moving toward more economic cooperation and less strategic conflict ...

Cries for Reform Fail To Convince at Third Plenum July 26, 2024

The Resolution from the Third Plenum focused primarily on economic reform but reinforced the Party’s existing strategy rather than announcing a change in overall direction. ...

India's Maritime Imperative July 26, 2024

The results from India's massive, multi-month election are in, and the verdict is a somewhat-constricted mandate for sitting Prime Minister Narendra Modi. Despite this electoral uncertainty, one thing remains indisputable—New Delhi's view of its prim...

Trump’s Unconventional Approach Might Be the Key To Ending the Ukraine War July 25, 2024

As economic concerns dominate American voters’ priorities, Trump’s austere approach to the Ukraine conflict might resonate more than Biden’s ongoing support.Not only has the war in Ukraine resulted in significant military and civilian casualties for ...

Russia and Iran’s New Defense Relationship July 24, 2024

On April 2, 2024, Ukraine’s military struck several buildings in the Alabuga Special Economic Zone in Russia’s Tatarstan region. The strike demonstrated Ukraine’s steadily improving ability to hold targets deep inside Russia at risk. ...

China’s Own 2008 Financial Crisis July 24, 2024

China’s leaders on Thursday announced lofty economic goals for the coming years, repeated Chinese Communist Party (CCP) buzz phrases and offered up traditional Marxist jargon after the Communist Party’s much-anticipated Third Plenum. However, as Reut...

The China-Only Republicans July 20, 2024

The Republican concern with China’s threat to America is understandable, arguably even laudable, as many of China’s economic, security, and human rights policies do, in fact, challenge America. ...

Russia Isn’t Behind Armenia’s Military Defeats July 20, 2024

Former Soviet republics have a penchant for conspiracy theories, preferring to blame national minorities, antagonistic neighbors, and foreigners for protests, revolutions, economic crises, and military defeats. Conspiracies against the nation are all...

Is China’s Social Contract About To Break Down? July 20, 2024

Steady as she goes. That was the message from the Third Plenum of the Chinese Communist Party, which concluded yesterday. Watched closely as an indicator of the ruling elite’s policy intentions, the communique that emerged from the meeting suggested ...

The World Population Could Peak in Your Lifetime July 19, 2024

Last week, the UN Department of Economic and Social Affairs released the World Population Prospects, the international body’s annual report on the current and future state of global population. ...

Voters: Want Trade Benefits With Restrictions July 18, 2024

 American voters want the economic benefits of foreign trade but also support more restrictions on and better scrutiny of bad actors, according to the results of a new poll....

Trade, Ambition, and the Rise of American Empire July 17, 2024

The United States’ march across North America to establish a transcontinental republic seems, in retrospect, almost preordained. In the American Revolution’s aftermath, there was no shortage of Americans who looked westwards and envisaged the new cou...

Searching for a Cause July 16, 2024

The instability in the United States predicted by our model continued this weekend with the attempted assassination of former President Donald Trump. It should be remembered that our model, defined by 50-year socio-economic and 80-year institutional ...

China’s Economic Growth Comes in Worse Than Expected July 15, 2024

China’s economy grew at the worst pace in five quarters as efforts to boost consumer spending fell short, piling pressure on Beijing to lift confidence at a twice-a-decade policy meeting this week....

Learning From Europe’s Mistakes July 15, 2024

When Thomas Sargent won the Nobel Prize in Economics in 2011, the title of his Prize Lecture was “The United States Then, Europe Now.” In the lecture, Sargent compared the then-ongoing European Sovereign Debt Crisis (or “Eurozone Crisis”) to the sove...

There’s Not That Much Wealth in the World July 13, 2024

Most economic debates are about income, not wealth. When we talk about income taxes, or welfare benefits, or labor’s share of national income, we’re talking about the amount of goods and services that get created every year, and how those goods and s...

Chinese Lenders Turn away From Latin America July 13, 2024

 Latin America’s economic growth fell behind Asia’s in the twenty-first century, increasing at half the speed. ...

EU Must Choose Innovation and Productivity June 26, 2024

Carl Bildt, a former prime minister and foreign minister of Sweden and senior official in various capacities of the European Union, has long been one of the most rational and articulate exponents of the most positive aspects of what is still called b...

We Can’t Sit back and Watch China Shock 2.0 June 26, 2024

World leaders are faced with a strategic choice that will define global prosperity and our national security for a generation. As China faces an economic slowdown at home, Beijing is doubling down on its drive to be the world's manufacturing superpow...

Contesting the West: China’s Middle East Strategy June 26, 2024

In a region where the United States has long had leverage, China has successfully grown its appeal as a partner thanks to burgeoning economic and energy ties and improved political relations. But the US retains its security and economic edge in the c...

The EU’s Economic War on Le Pen June 25, 2024

With France bracing itself for the first round of its snap parliamentary election this Sunday, the near-certain prospect of victory for Marine Le Pen’s National Rally (RN) has sent French and EU elites to their panic stations....

Milei’s Biggest Challenge June 22, 2024

Argentina’s Milei government last week received its second blessing from the International Monetary Fund (IMF) for its hard-hitting economic reforms. ...

Déjà Vu All Over Again? Appeasement Then And Now June 21, 2024

“Munich” again? Hold the angst. Historical analogies are treacherous because “like” is not “same.” Still, the disastrous appeasement of the Thirties does yield insights into our era. Hitler et al. are safely buried. But today, a new cast of character...

Xi, Putin Score Wins as More Aim To Join BRICS June 21, 2024

As Russian President Vladimir Putin and Chinese Premier Li Qiang wrapped up separate meetings in Southeast Asia this week, the two partners in the BRICS economic bloc encountered a region keen to join a group seen as a hedge against Western-led insti...

Africa and the Economic Struggle of Great Power Politics June 20, 2024

A Global South With Chinese Characteristics June 20, 2024

At the peak of China’s economic growth toward the end of the 2010s, Beijing began to advocate for an alternative model of governance that prioritizes economic development and rejects the centrality of the protection of individual rights and “Western”...

Renewed Violence Puts Petro’s Colombia to the Test June 20, 2024

Gustavo Petro, Colombia’s first leftist president, ascended to power with a clear and resounding campaign promise: to bring "total peace" to a nation marred by decades of conflict. Petro’s vision has involved engaging in peace talks with various arme...

U.S. Partners Begin to De-Dollarize June 19, 2024

The U.S.-Saudi agreement designating the U.S. dollar as the global-trade currency for oil sales is over, furthering de-dollarization....

Why Dollar’s Dominance Is Hard To Overtake June 19, 2024

The U.S. dollar is the most easily recognized, widely accepted, and ardently desired currency in the world. It is also much reviled for the power it gives the United States over international affairs. Washington wields the dollar as a weapon against ...

The Modi 3.0 Coalition Government June 19, 2024

While the BJP’s failure to secure a majority in the Lok Sabha is likely to result in changes to the Indian government’s domestic-policy programme, its foreign- and economic-policy priorities will endure.  ...

The End of the Petrodollar Is the End of U.S. Dominance June 18, 2024

Every nation has had to convert its currency to the U.S. dollar, making it the de facto global currency. Thanks to Joe Biden, it’s all gone....

Why Great Powers Fight, and Why They Cooperate June 17, 2024

A prominent IR theorist’s new book explains why 'dynamic realism' offers a compelling narrative on economics shaping geopolitic ...

Russian Warships Are in Cuba, Try Not To Overreact June 13, 2024

Yes, Putin is showing off but Havana needs an economic lifeline that Moscow can provide and the US has failed to offer   ...