I really liked the ECB’s recent report on the slowdown in global trade (summarized here), for five reasons.
Regional institutions and initiatives have proliferated in the twenty-first century. This latest wave of regional innovation raises, in new guise, a long-standing conundrum for global order and U.S. foreign policy: When is regional organization a useful, even essential, complement to the ends of global governance—financial stability, an open trading system, sustainable development, robust protection of human rights, or the end of civil wars—and when does it threaten or undermine the achievement of those goals? The new regionalism presents the prospect for new benefits for global order as well as new risks. How those challenges and risks are addressed, by the United States and by other member states, will determine whether a fragmented global order or more effective global and regional governance emerge over the next decade.
On this week’s Asia Unbound podcast, Anja Manuel, cofounder and partner at RiceHadleyGates and author of This Brave New World: India, China and the United States, offers her prescription for how the United States can understand and engage with Asia’s two largest rising powers. Manuel compares and contrasts Indian and Chinese history, leaders, and trajectories, ultimately arriving at a pair of distinct national ambitions: China aims to regain its long-lost place on center stage, and India wishes to re-engage with the world after being relatively isolated since independence.She is sanguine about troubling headlines, such as China’s faltering economy and India’s violent outbursts of Hindu nationalism, which she believes will not hold the two countries back from achieving their greater goals, but acknowledges continuing challenges in both countries’ relations with the outside world, such as unfair business practices or Chinese cyber policies. For Manuel’s recommendations as to what role the United States should play, listen to our conversation below. By her assessment, we are on the right track by bolstering ties with India and—especially in the face of occasional adversity—continuing to seek areas of cooperation with China.
Narendra Modi has laid down the gauntlet.
Sari-and-shawl exchanges, then birthday diplomacy, failed to produce breakthroughs with Pakistan. Cross-border terrorist attacks continued. This week, New Delhi signaled the end of its patience by expanding its diplomatic coercive strategies as well as military actions to deal with terrorism and Pakistan.
The Economic and Financial Crimes Commission (EFCC) has frozen U.S. dollar bank accounts that former Nigerian First Lady Patience Jonathan claims are hers. The total value of the accounts is worth $31.5 million. She has applied to the Federal High Court in Lagos to unfreeze the accounts. Many Nigerians, including the Nigeria Labour Congress, are asking how she accumulated $31.5 million in the first place.
The new U.S. fiscal year begins, Hungary holds a referendum on migrant quotas, and U.S. vice presidential candidates debate.
Around the world, private schools are booming, especially in developing countries. The Economist reports that in 2010, there were an estimated one million private schools in the developing world, and the figure has since risen quickly. From Latin America to Africa and South Asia, private schools have been moving into communities – mostly poor – where the state has been slow to provide services.
People used to think that the most important decisions affecting Europe were made in Paris, Berlin, or Brussels. But in recent months, as the European Union has confronted the refugee crisis, and the Syrian conflict that is fueling it, Moscow and Ankara have come to the fore. And the EU is divided on how to deal with its two disgruntled neighbors, Russia and Turkey, both of which feel increasingly snubbed by the West.
At least 27 people are still missing as the remains of Typhoon Megi continue to cause destruction.
Government official rejects Human Rights Watch report, saying allegations against security forces are baseless.