In this episode, Paul Haenle spoke with Evan Medeiros, former special assistant to the president and senior director for Asian affairs at the National Security Council, on escalating tensions between Japan and South Korea and the implications for the United States and China.
As Turkey continues to forge its own economic and political path, the issue is how much more damage the current system of governance will inflict on the country, and how long and costly fixing the destruction will be.
Facebook seems to think its new digital currency Libra will be used mainly for purchasing goods and services and for current account transactions. But it will probably be used mainly for capital account transactions. Do we really want to eliminate frictional costs on the capital account?
The most obvious reason for the delayed release of Trump’s promised Middle East peace plan is Israel’s unsettled electoral politics. But Palestinian opposition and Arab apathy also limit its prospects.
Based on individual considerations and prevailing security and economic conditions, reinvestment in Syria will be limited and could have mixed effects.
Income inequality in the United States hampers growth and forces up debt. In advanced economies in which investment is not constrained by scarce savings, high levels of income inequality lead automatically to either more unemployment or more debt. Such inequality undermines not only the health of the economy, but eventually also the rich.
Bashing capitalism and the inequality it generates and perpetuates is as old as Karl Marx. The businessmen want to repair it, while radical critics want it replaced.
The new round of tariffs has put U.S.-China trade negotiations on hold. Just a month ago, a deal to end the trade war was deemed likely. So why did this process unravel so quickly and what is the way going forward?
In threatening to restrict the export of rare earth metals to the United States, China wants to demonstrate that it has leverage over the United States and an ability to respond with commensurate countermeasures if the need arises.
Washington and Beijing are not in a new cold war yet, but there is definitely a cold-war mentality at work that may diminish both sides’ capacity to manage crises effectively.