A recently announced partnership accord between China and Iran will have far-reaching strategic implications in the Middle East and South Asia. As much as Americans would like to withdraw from these regions once and for all, the fact is that the US rivalry with China will be a global affair.
Vali Nasr, Professor of Middle East Studies and International Affairs at Johns Hopkins University’s School of Advanced International Studies, is a former senior adviser in the US State Department and the author of The Dispensable Nation: American Foreign Policy in Retreat. – Ariane Tabatabai is a Middle East fellow at the Alliance for Securing Democracy at the German Marshall Fund of the United States and a senior research scholar at the Columbia University School of International and Public Affairs.
As the US-China rivalry escalates, the growing emphasis on national security will undermine global trade and investment, leaving fewer resources to finance social policies, address inequality, and tackle climate change. This is a global tragedy of the commons, and there is no guarantee that recognizing it will change the outcome.
Andrew Sheng, Distinguished Fellow of the Asia Global Institute at the University of Hong Kong and a member of the UNEP Advisory Council on Sustainable Finance, is a former chairman of the Hong Kong Securities and Futures Commission. His latest book is From Asian to Global Financial Crisis. – Xiao Geng, Chairman of the Hong Kong Institution for International Finance, is a professor and Director of the Research Institute of Maritime Silk-Road at Peking University HSBC Business School.