The West has long been a font of stability, prosperity, and security. Yet when faced with global instability and economic uncertainty, it is tempting for states to react by closing borders, hoarding wealth, and solidifying power.
The traditional props that have framed India-U.S. relationship over the last two decades—including those on shared democratic values and a common interest in Asian balance of power—can no longer provide an effective guidance to the Trump era.
China’s Belt and Road Initiative (BRI) has become the organizing foreign policy concept of the Xi Jinping era.
India’s economic resurgence has been the subject of many extravagant predictions and hopes. The road India takes will matter not only for the lives of its billion-plus people but also for the course of global economics and politics.
European countries are increasingly more receptive to the Belt and Road Initiative and Chinese investment, but concerns remain over how competition from Chinese firms will impact developed European economies.
China maintains that its Belt and Road Initiative is an economic initiative that will benefit Southeast Asia, but more transparency is needed if its projects are to succeed in the region.
The U.S. trade deficit is not “caused” by Americans saving too little, nor will deficits disappear because Americans decide to spend less. Capital inflows determine U.S. savings rates.
For countless years, India has been touted as a country with enormous potential. But its ability to realize this promise faces innumerable hurdles.
While the EU and the United States have similar barriers to entry, EU investments in China have grown more rapidly.
China generates widely varying views on its economic and political prospects. This book is about why there are such differences and why the conventional wisdom is so often wrong.