In The News

COVID-19 – Ordeal for Globalization: Jakarta Post

Darmansjah Djumala May 21, 2020
Analysts debate globalization’s role in the ongoing Covid-19 pandemic, whether in spreading the disease or helping move needed services and goods. Writing for the Jakarta Post, Darmansjah Djumala categorizes globalization as both “process” and “order” – the first through technological advancements in transportation and communications and the second as a system of regulation and rule of law. The...

Threat to US Dollar’s Global Dominance: Bloomberg

Joe Weisenthal May 20, 2020
Before Covid-19 emerged, the US dollar’s fundamentals were strong, but imbalanced: The dollar’s share of global transactions grew as the country’s share of worldwide gross domestic product declined. Some analysts suggest that US policymakers abuse the dollar’s dominance with overspending and massive debt. Relying on the dollar may have become habit for some countries, explains Joe Weisenthal for...

Huawei Equipment Ban: Asia Times

David Goldman May 19, 2020
Huawei Technologies held a strong lead in the world’s 5G mobile broadband race, but the Trump administration is keen to slow that rollout. The US president, in an unprecedented move, tries to block sales to Huawei of any products made with US equipment, reports David Goldman for Asia Times. The move could block Huawei’s access to needed equipment and chips. “The ban may apply not only to the...

World Health Assembly Excludes Taiwan: Taipei Times

Lee I-chia May 19, 2020
Taiwan demonstrated skill in tackling and controlling the spread of Covid-19 among its population of 23 million. Even so, the World Health Assembly, hesitant to antagonize China, excluded Taiwan from its virtual meeting. Taiwan sent a letter of protest to the World Health Organization Secretariat. “While the focus of this year’s WHA should be on the COVID-19 pandemic, Taiwan’s performance in...

China Endangers the Diaspora: Diplomat

Chauncey Jung May 16, 2020
Covid-19 pandemic costs are immense, as the world heads into recession and unemployment increases. The United States, which may spend as much as $5 trillion to tackle the many challenges, and other nations question China's lack of transparency in late 2019. In turn, China threatens to boycott Australian goods as that government calls for an investigation. The issue has entered political...

Covid-19 Stimulus: South China Morning Post

Nicholas Spiro May 15, 2020
Central banks around the globe organize massive stimulus programs from central banks, but these are not without risk. By reducing interest rates and rapidly investing in a range of assets to prop up prices, central bankers hope to save jobs and prevent a long economic depression. Governments already holding heavy debt extend rescues to a range of businesses, including some that would have failed...

US Colleges’ International Enrollment: Boston Globe

Deirdre Fernandes May 14, 2020
US colleges anticipate a steep drop in enrollment of international students due to the Covid-19 pandemic, travel uncertainty, global recession and job losses, anti-immigrant sentiment and visa policies. About 90 percent of US colleges and universities anticipate a decline in international students and a significant drop in revenues, reports a Institute of International Education survey. “Many...