China’s global footprint has expanded exponentially in recent years, becoming a source of investment for countries around the world. But notably, many nations have struggled to grapple with the accompanying implications and political risks.
The Pandora Papers reveal that the United States has much work to do to stop being a haven for the ill-gotten gains of political elites from around the world, but there are steps the Biden administration and Congress can take to reverse this trend.
Beijing is pursuing alternative cross-border payments channels built upon central bank digital currencies as a way to erode the dominance of existing arrangements that rely heavily on the U.S. dollar and U.S.-regulated entities.
COP26 provides a forum for deliberating about climate adaptation, but such global meetings must also account for the needs of developing nations. A narrow climate agenda will only perpetuate divisions between postindustrial and developing countries.
Advancing inclusive and equitable energy transitions is one of this century’s most vital global challenges, and one in which development finance will play a crucial role. References to justice and equity are widespread in international climate policy, and are increasingly being used by development organizations to guide their own work, including support for energy transitions.
Dramatic international developments that affect us all are becoming more frequent. Some touch us directly and others reverberate around us. But the daily news leaves us with the feeling that we are in a time of great change.
The impact of Evergrande has caused financial distress to spread faster and more forcefully than Beijing’s financial regulators expected, putting pressure on them to move quickly to stop the contagion. But they cannot rescue Evergrande’s creditors without also undermining their fight against bad debt.
Rozlyn C. Engel is a nonresident scholar in the American Statecraft Program at the Carnegie Endowment for International Peace, where she focuses on global macroeconomic risks, U.S. economic policy (foreign and domestic), and questions facing the economic intelligence community.
Adebahr is a nonresident fellow at Carnegie Europe. His research focuses on foreign and security policy, in particular regarding Iran and the Persian Gulf, on European and transatlantic affairs, and on citizens’ engagement.
Harvey V. Fineberg Chair for Democracy Studies Interim President
Thomas Carothers is interim president of the Carnegie Endowment for International Peace. He is a leading authority on international support for democracy, human rights, governance, the rule of law, and civil society.
Evan A. Feigenbaum is vice president for studies at the Carnegie Endowment for International Peace, where he oversees research in Washington, Beijing, and New Delhi on a dynamic region encompassing both East Asia and South Asia.
Maurice R. Greenberg Director’s Chair Carnegie–Tsinghua Center for Global Policy
Paul Haenle holds the Maurice R. Greenberg Director’s Chair at the Carnegie–Tsinghua Center based at Tsinghua University in Beijing, China. Haenle served as the director for China, Taiwan, and Mongolia Affairs on the National Security Council staffs of former presidents George W. Bush and Barack Obama prior to joining Carnegie.
Nonresident Scholar Malcolm H. Kerr Carnegie Middle East Center
Kheder Khaddour is a nonresident scholar at the Malcolm H. Kerr Carnegie Middle East Center in Beirut. His research centers on civil military relations and local identities in the Levant, with a focus on Syria.
Deputy Director Carnegie–Tsinghua Center for Global Policy
Tang Xiaoyang is a resident scholar and the deputy director of the Carnegie–Tsinghua Center for Global Policy and the vice chair and a professor in the Department of International Relations at Tsinghua University. His research interests include political philosophy, global modernization processes, and China’s engagement with developing countries.
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