In The News

East Asia: Stop Squabbling, Start Drilling

Will Hickey December 14, 2012
Large oilfields often don’t fall neatly within national boundaries. Intent on securing underground or undersea reserves, nations contest territorial claims. China battles Japan for the Diaoyu/Senkakku Islands and ASEAN members for large sections of the South China Sea. Settling disputes quickly is in the interest of all claimants, particularly those with less technological expertise, suggests...

The French Connection

Nayan Chanda December 12, 2012
Steadfast national sovereignty and global trade don’t mix so well, warns Nayan Chanda, editor of YaleGlobal Online, in his column for Businessworld. Traders and investors appreciate flexibility. So when steel demand in Europe declined and ArcelorMittal announced plans to close two blast furnaces, the French government responded by threatening temporary nationalization and sale of the firm’s...

China’s Aggressive Stance Reveals Lack of Coordination

Terry McCarthy December 5, 2012
Growing tensions in East Asia over aggressive postures from China may stem from a lack of coordination among government factions rather than concerted policy. But that is hardly reassuring, argues Terry McCarthy. The country lacks strong leadership that can control factions competing to be most outspoken and nationalistic. As a result, the country antagonizes neighbors with far-reaching claims...

Burma: Trouble Brewing for China

Bertil Lintner November 5, 2012
Burma’s government is trying to win over the Burmese people and the West, and one way has been to suspend unpopular deals with China. In September 2011, the government suspended construction of the controversial Myitsone hydroelectric dam. Now protests are underway against a Chinese firm, Wanbao Mining, which signed an agreement in June to mine copper in Monywa. Burma’s reactions could serve as...

The Fallacy of Protectionism

Pascal Lamy October 31, 2012
The economic crisis of 2008 and the uncertain recovery that has followed did not result in large-scale protectionism as some expected. There have been worrying signs of the traditional propensity of nation-states to turn inwards when the global economic outlook is bad, but for the most part, countries have exercised restraint. If unemployment and economic stagnation persist, however, this...

China Rebalancing Won’t Doom Region

Deepak Gopinath October 24, 2012
China aims to be more than an assembly line. The government is actively rebalancing its economy to exit industries dependent on raw materials and labor, and that provides great opportunity for China’s neighbors in two ways, explains Deepak Gopinath, global markets director for Trusted Sources, an emerging-markets consulting firm. Neighboring economies can pick up the slack in low-value industries...

China Play in US Election

Edward Gresser October 15, 2012
US politicians often gripe about China, but campaign promises to “get tough” aren’t easy to keep. China is the third largest export market for US products. The Obama administration has already heightened enforcement of trade laws and filed more trade complaints than the previous administration. Even so, Mitt Romney’s website suggests that the Obama administration extends “acquiescence to the one-...