Economics & Business Archive

Judging from the accounts of virtually every pundit, the Chinese emerged as the foreign threat of choice in the just-concluded U.S. elections, with the breakthrough “Chinese Professor” ad being compared by the always-calm James Fallows to such incendiary hall-of-famers as “Daisy Girl” (1964) and “Willie Horton” (1988). I’m with Fallows: The exceedingly clever ad represents a crystallizing moment in our increasingly contentious relationship with China, elevating the Chinese far beyond Iran’s mullahs and Osama Bin Laden as the pre-eminent fear-driven threat dynamic motivating calls to get our house in order. The ad portrays a high-tech college lecture hall in Beijing, […]

At a summit in late-September 2010, the European Union and South Africa both expressed interest in concluding protracted negotiations over closer trade ties. In an e-mail interview, Stephen Hurt, senior lecturer in international relations at Oxford Brookes University, discusses relations between the EU and South Africa. WPR: What is the historic context of EU-South Africa relations, and where do they stand today? Stephen Hurt: Coordinated EU policy toward South Africa dates back to the mid-1970s, a time when foreign policy was usually seen as the preserve of EU member states. The two main initiatives during the apartheid era were a […]

It was all smiles and friendly talk of brotherhood and shared destiny at the presidential palace in Caracas yesterday, as the leaders of Colombia and Venezuela met to reaffirm their commitment to fully restore diplomatic ties and put recent bitter disputes behind them. The two neighboring Andean nations began work to restore broken relations shortly after Colombian President Juan Manuel Santos took office in August. “We are determined that no one or anything will derail us,” said Santos during his second meeting with Venezuelan President Hugo Chavez since August. “We’ve gone from good-intentioned statements to concrete accords,” he added. The […]

On the same day that voters in the United States went to the polls to throw a punch into the gut of the political establishment, some 5,000 miles away, police in Greece had their hands full with a series of bombs mailed to foreign embassies. Greek investigators say the bombs, 11 of them in all, were probably the work of militant activists who, in their own violent way and to a much greater degree, also aimed to overturn the political and economic order. In recent months, angry efforts to take on the system have gained steam throughout the developed world […]

The room came to order. The negotiators, some still exasperated by the day’s events, sat anxiously awaiting the final results. “Congratulations, delegates,” the moderator announced. “You have negotiated a comprehensive successor agreement to the Kyoto Protocol.” The delegates erupted in deafening applause, screams of joy and relieved laughter. No, these were not real-life climate-change negotiators. In August, we designed and ran a daylong scenario to simulate the international climate-change negotiations that will launch in Cancun, Mexico, on Nov. 29. Our goals were to gain a sense of how events may play out in Cancun when the real international negotiators meet […]

Oil and gas discoveries in the eastern Mediterranean are ratcheting up tensions in a region that already has its fair share of pernicious disputes. Rival communities on the divided island of Cyprus, as well as Turkey and arch-enemies Lebanon and Israel are staking claims in one of the world’s newest oil frontiers. The region’s deposits are minor compared to the Persian Gulf, but for small nations like Israel and Cyprus they hold substantial promise. But rather than providing an opportunity for stability through economic cooperation, the discoveries raise the specter of renewed conflict as the parties push ahead with deals […]

Writing recently in the Financial Times, long-time economic journalist Gideon Rachman lamented the passing of a post-Cold War “golden age,” in which “countries shared a belief in globalization and Western democratic values.” In Rachman’s calculation, that consensus has been battered by the global financial crisis, which ushered in a “new, less-predictable era.” Rachman, whose book entitled “Zero-Sum Future” comes out next February, is clearly prepping the literary battlefield by positioning himself as an “anti-Robert Wright.” The latter’s book, “Non-Zero: The Logic of Human Destiny,” argued that human progress has been characterized by — and thus depends on — our increasing […]

Indian Prime Minister Manmohan Singh’s tour of Japan, Malaysia and Vietnam this week gave a boost to India’s “Look East” policy, underscoring the need for greater integration and deeper engagement between India and East Asia in trade and other strategic sectors. Singh, who traveled to Japan and Malaysia for bilateral visits and to Vietnam for the 8th ASEAN-India Summit, has made it clear that his government’s foreign-policy priority will be East and Southeast Asia, which are poised for sustained growth in the 21st century. India’s efforts to make itself relevant to the region come at a time of great turmoil […]