In The News

US Draws Together South Korea and Japan

Richard McGregor and Simon Mundy March 25, 2014
The United States is urging its allies in the north Pacific to forge closer ties: “Barack Obama used Washington’s clout with both countries to persuade Shinzo Abe and Park Geun-hye, the Japanese and South Korea leaders, to have a trilateral meeting on the sidelines of the Nuclear Security Summit in The Hague,” report Richard McGregor and Simon Mundy for the Financial Times. The meeting, the first...

Why "Iran Style" Sanctions Worked Against Tehran (And Why They Might Not Succeed With Moscow)

Suzanne Maloney March 24, 2014
In responding to global crisis or conflict, leaders must choose measures that have a reasonable chance of success. The United States and the European are applying sanctions against Russia in retaliation for the abrupt, forcible annexation of Crimea. Suzanne Maloney, a senior fellow with the Saban Center for Middle East Policy, writing for Brookings, details conditions for how sanctions pushed...

Bloomberg Should Have Rethought Articles on China, Chairman Says

Neil Gough March 21, 2014
The chairman of Bloomberg L.P. waved a white flag over news coverage on China – and suggested that investigative journalism is inappropriate for a company that sells expensive business terminals. Peter T. Grauer’s comment as reported in the New York Times – “Our approach is pretty much to tune out all the news about weaknesses in the emerging markets” – implies that the company can sell a product...

Emerge, Splurge, Purge

March 7, 2014
Multinational makers of phones, cars, beverages, and household products of all types have long eyed the emerging markets – the “geography seduced everyone,” suggests the Economist. Then the US Federal Reserve announced in mid-2013 that it would reduce bond purchases. Currencies of emerging economies in India, Turkey and South Africa fell in value along with a drop in consumer demand. The...

Romania: Chinese Are Coming!

Raluca Besliu March 4, 2014
Communist Romania, in 1949, was one of the first countries to recognize the communist People’s Republic of China. In 2007, Romania joined the European Union and has felt like a second-class member since – a market for European goods and services, but not a full partner. Prime Minister Victor Ponta is striving to demonstrate to Europe that Romania has alternatives by selling resources to China: “...

US FDA Chief: If You Want Our Market, Meet Our Standards

March 4, 2014
US regulators seek cooperation on quality control from its supplier of foods and medicines. "If Indian pharmaceutical companies want to sell in the US, they need to comply with our standards, practices and expectations,” said Margaret Hamburg, commissioner of the US Food and Drug Administration, according to a report in the Times of India. She offered the comments during a trip to India and...

China Moves to End Its Codependency with US

Stephen S. Roach February 18, 2014
Global analysts fret about the resilience of emerging markets, including China’s. Yet economic managers in China know what needs to be done, already taking steps to rebalance, shifting from dependence on manufacturing and exports towards more services and consumer spending. The world is not prepared for the necessary slowdown in growth from China as its leaders focus on domestic spending,...