Economics & Global Affairs

616 Items

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Analysis & Opinions - Bloomberg Opinion

Trump’s Trade War Has a Bright Side for Canada

| June 08, 2018

Last week was a trying one for Canadian Prime Minister Justin Trudeau. You may think that I am referring to the imposition of U.S. tariffs on imports of Canadian steel. But Trudeau actually faced a harder issue than the one about how to respond to President Donald Trump’s declaration that trade with Canada posed a threat to U.S. security.

Chinese President Xi Jinping speaks during a news conference at the end of the Belt and Road Forum at the Yanqi Lake International Conference Center, north of Beijing on Monday, May 15, 2017. (Nicolas Asfouri/Pool Photo via AP)

Nicolas Asfouri/Pool Photo via AP

Analysis & Opinions - The Diplomat

China’s Debtbook Diplomacy: How China is Turning Bad Loans into Strategic Investments

| May 30, 2018

Through its Belt and Road Initiative, China is extending hundreds of billions of dollars in loans to developing countries that often can’t afford to pay them back. In doing so, Beijing may be looking beyond its bottom line, hoping to convert economic loss into geopolitical gain.

Transformed Gas Markets Fuel US-Russian Rivalry, But Europe Plays Key Role Too

Max Avdeev/Flikr

Analysis & Opinions - Russia Matters

Transformed Gas Markets Fuel US-Russian Rivalry, But Europe Plays Key Role Too

| May 30, 2018

This month, the Wall Street Journal reported that U.S. President Donald Trump has been pressuring Germany to drop its support for a major new Russian gas pipeline if Europe wants to avoid a trade war with Washington, while a senior U.S. diplomat warned that the project could be hit with U.S. sanctions; Russian President Vladimir Putin responded defiantly. This development, sadly, fuels the further politicization of the European gas market—a space that, in many ways, has reflected the triumphs of a depoliticized, pro-market technocracy, which has managed to stimulate competition and lower prices irrespective of changing political trends. Just last year, Trump called on European countries to buy American liquefied natural gas, or LNG, which, for now, remains more expensive than Russia’s pipeline gas. Certainly, the U.S. has much to gain on the global gas market, which has changed drastically over the past decade, as America rapidly transformed from an importer to an exporter. Europe’s gas market, meanwhile, has much to gain from additional supply. But Trump’s approach, especially if the latest reports are true, both alienates Western European partners and feeds into a sensationalist, simplistic portrayal of the new U.S. role’s effect on Russia—as a zero-sum game, in which these new, plentiful U.S. gas supplies serve as an antidote to Russia's “gas dominance” in Europe and hence to Moscow's political leverage.

Photo of a container ship docked in Shangahi.

AP

Paper - Belfer Center for Science and International Affairs, Harvard Kennedy School

Debtbook Diplomacy

| May 24, 2018

The goal of this report is to analyze the future of debtbook diplomacy: which countries are vulnerable to Chinese coercion; how U.S. strategic interests will be impacted; and how U.S. policymakers can mitigate the effects of this strategy.

A Tesoro Corp. refinery in Anacortes, Washington.

(AP Photo/Ted S. Warren, File)

Analysis & Opinions - Axios

How energy deals could cut the U.S.–China trade deficit

| May 18, 2018

When President Trump demanded that China cut its $375 billion trade deficit with the U.S. by $200 billion, Chinese officials and the U.S. press shrieked. It seemed impossible. However, there's a simple way for China to give Trump this “win”: buying $200 billion worth of American oil, as well as liquefied natural gas (LNG) from Alaska, Texas and Louisiana.

Nicholas Burns on Andrea Mitchel Reports/MSNBC

MSNBC.com

Analysis & Opinions - MSNBC

What Does Trump’s ZTE Decision Say About His Foreign Policy?

| May 15, 2018

President Trump's abrupt decision to bail out a major Chinese phone maker has been raising eyebrows, especially since the pledge came days after China approved money for a Trump project. Ambassador Nick Burns, Former Undersecretary of State for Political Affairs and Former Ambassador to NATO, joins Andrea Mitchell to discuss.

Report: More Climate Change Recognition, Action Among Major Investors

Free-Photos/Pixabay

Report - Axios

Report: More Climate Change Recognition, Action Among Major Investors

| May 10, 2018

Since the Paris Agreement's adoption in 2015, a majority of the world's largest investors have begun to take action on climate change. According to a new report, the 2016–2017 year showed an average improvement in decarbonization within all major investor categories except pension funds.

Chinese President Xi Jinping, right, shakes hands with Kazakhstan President Nursultan Nazarbayev during the welcome ceremony for the Belt and Road Forum, at the International Conference Center at Yanqi Lake in Beijing. May 15, 2017 (Roman Pilipey/Pool Photo via Associated Press).

Roman Pilipey/Pool Photo via Associated Press

Analysis & Opinions - Nikkei Asian Review

Kazakhstan Must Look Beyond the Belt and Road

| May 04, 2018

For most of the past 25 years, Kazakhstan, Central Asia's largest economy, has managed under President Nursultan Nazarbayev to delicately balance its relationships with various major powers. Now with Beijing's economic influence rising quickly, Astana must find a way to deal with its powerful neighbor's geopolitical ambitions while benefiting from new economic opportunities.