In recent years, the GCC member states have made efforts to shift toward renewable energies, while turning to China as a key partner in doing so. But while that partnership has proved fruitful in terms of investments in renewables, it has also paradoxically alleviated the pressure the GCC countries feel to abandon hydrocarbons.
Under the leadership of President Xi Jinping, China has begun to challenge America’s role as the key economic and political actor in Asia. Increasingly repressive at home, Xi has not shied away from asserting China’s regional authority. But while China’s rise often makes headlines, it is not the only trend shaping events in Asia.
Who rules the world? In discussions of international politics, the focus is often on states. With the rise of Big Tech, though, some observers have argued that the future of global power will be a story of corporations, not countries. But claims that corporations will dominate the world and surpass states in power are overblown.
Despite the challenges that technological innovations like artificial intelligence and autonomous drones pose to governance and society, they will continue to emerge. In the absence of any global agreement, there is still an opportunity for governments to seize on the benefits these advances might bring, while encouraging their ethical and democratic use.
Last month, Chinese President Xi Jinping hosted an in-person summit with the presidents of Uzbekistan, Kazakhstan, Kyrgyzstan, Turkmenistan and Tajikistan. The gathering was the latest demonstration of China’s growing geo-economic role in Central Asia, marking what Xi called a “new era” in Beijing’s relations with the region.
In April 2021, Cuba experienced a watershed moment when Miguel Diaz-Canel became the leader of the Cuban Communist Party, completing a political transition that began three years earlier when Diaz-Canel was inaugurated as president. Now, for the first time since the 1959 revolution, a Castro leads neither the country nor the party, making way for a new generation of leaders to chart the island nation’s path forward.
The “pink tide” that swept across Latin America in the early 2000s is making a comeback, after having been overtaken by a wave of conservative governments. Major advances in the region are also in danger, and Russia and China are deepening trade ties across the region. What’s next for South America?
At a meeting of South America’s presidents last week, Brazilian President Luiz Inacio Lula da Silva called for regional financial integration and some sort of mechanism to conduct trade without U.S. dollars. Judging by the number of times in recent months he has suggested something along these lines, it’s a topic on Lula’s mind.
This year’s G-7 summit made it clear the group views China and Russia as threats to the international order and offered insights into how the Western powers plan to counter them. It seems the G-7 approach has three facets: ignore Russian intimidation, economically decouple from China and court nations throughout the Global South.
Across developed countries, aging populations and slowing economic growth are rendering today’s retirement institutions unsustainable. As a result, working longer as societies age is both natural and necessary, meaning that what future generations may look back on as the “golden age” of retirement is now coming to an end.
Bank failures are back in the news, after three of the United States’ 30 largest banks collapsed in the past three months. These bank failures and the policy responses to date have taught us several important lessons about why such crises keep happening in the U.S. and how policymakers can act to break this self-destructive cycle.