In The News

The World Economy Needs Balancing, But How?

David Dapice August 3, 2010
Many nations seek economic relief by promoting exports. But a trade system built on all exports and no imports is an impossible feat to achieve. To lift economies from recession's mire, nations pursue, among other things, domestic rebalancing by curtailing unsustainable, wasteful spending and the borrowing that triggered the global downturn. On the other hand, the target markets for much of...

Reining in China's Ambitions

Daniel Blumenthal July 28, 2010
China claims the bulk of the South China Sea almost as its lake, and bristles about what it considers hostile passage of foreign naval vessels in the economic zone. The Obama administration has recently sent notice it insists on freedom of navigation and it expects peaceful resolution of territorial disputes with Vietnam, Malaysia and other nations. China prefers dealing with nations one to one,...

Obama’s America and the World: A Promise at Risk

Strobe Talbott July 20, 2010
Disappointment swelling since Barack Obama’s election isn’t limited to his domestic opposition – it also runs deep among progressives who long for the US president to move swiftly on stirring campaign promises. Obama entered office with a horrendous legacy, a list longer than that encountered by previous US presidents: ongoing Middle East conflict, hemorrhaging Afghan war, North Korea’s and Iran’...

How Serious Is the Chinese Challenge? Part II

Markus Jaeger July 15, 2010
In less than two decades, China will likely be the world’s largest economy, and this YaleGlobal series analyzes China’s growing economic and political influence, particularly its relationship with the US. Some analysts predict conflict, and others expect gradual, peaceful transition. In the second article, Markus Jaeger, a director of Deutsche Bank Research, reviews analysis on China and argues...

How Serious Is the Chinese Challenge? Part I

Bruce Stokes July 13, 2010
There’s no question that China is on the rise, assisted by unprecedented economic growth. This YaleGlobal series explores economic, political and strategic implications for the globe. In the first of a two-part series, columnist Bruce Stokes notes that much of the discomfort in the US or Europe stems from their self-doubt. With strong economic momentum, no debt and one-sixth of the world’s...

Smaller Dragon Takes Global Strides

Jean-Pierre Lehmann July 8, 2010
For two decades, US leaders regarded communist North Vietnam as a threat to freedom and American generals vowed to bomb the regime into submission, before abandoning the fight in 1975. The US pursued an isolation policy, and Vietnam unified, yet wallowed in economic stagnation as it confiscated private property, re-educated opponents and allied with the Soviet Union. As the Soviet Union crumbled...

The Arrogance of Chinese Power

Brahma Chellaney July 2, 2010
According to CIA estimates, China has the largest population, the largest labor force, the greatest number of people fit for military service and the third largest GDP at purchasing power parity. In addition to its massive, sustained economic and military growth, the nation plays an increasingly prominent role in international relations. The US, burdened by debt and two ongoing wars, hesitates to...