Early last December, the European Union unveiled its Global Gateway, a plan to spend up to 300 billion euros, or $340 billion, over the next six years financing major infrastructure projects around the world, particularly those to develop clean energy and combat climate change. Although the Global Gateway does not have an explicit focus in terms of specific countries, it prioritizes developing regions such as Southeast Asia. The investment plan is just the latest expression of Europe’s heightened interest in Southeast Asia and the Indo-Pacific region more generally. In the past year, several European countries have released Indo-Pacific strategy [...]
Infrastructure
In 1956, then-Soviet Premier Nikita Khrushchev executed a sharp but largely forgotten reorientation in his country’s foreign policy. During the long decades under Josef Stalin, with the exception of its support for communist China, Moscow had focused almost all of its energy abroad in buttressing client states in Eastern Europe. But with one major speech, Khrushchev announced that the era of investing only in Russia’s “near abroad” was finished. Taking his cues from the 1955 Asian-African Bandung Conference in Indonesia that launched the Non-Aligned Movement, and anticipating the huge wave of newly sovereign countries that would commence with Ghana’s independence [...]
LIMA, Peru—Peruvian President Pedro Castillo may or may not be a socialist, but there is no denying that his political branding is rooted almost exclusively in his identification with Peru’s most marginalized citizens. His campaign slogan for the June presidential election, “No more poor people in a rich country,” was the least of it. What carried real weight with voters was his personal background as a campesino—a rural inhabitant usually with Indigenous heritage and ties to the land. For many, that made Castillo the living antithesis to the largely white Lima elites who have overseen a booming economy in a [...]