Western commentators hoping that the Evergrande crisis is a sign of Chinese decline are mistaken. The CCP will neither let Evergrande blow up or bail them out.
The ideological assumption was that interdependence prevents war. Thus, the loss of manufacturing jobs and the reduction in the middle-class wages of Americans was worth global peace.
Washington seems to believe that isolating Russia from the world economy will compel the Kremlin to align more with American interests. However, this belief is premised on the idea that there is no alternative to SWIFT or the Western economic order.
The dispute over the WTO’s interpretation of a "public body" represents a more fundamental question of whether the WTO system can handle the state capitalism of China.
Image: Matt Brafman By Jimmy R. Lewis For months now it has been difficult to engage with any media outlet without hearing something about the U.S. trade war with China. Everyone knows the trade war is significant, but I’m not sure we all know why it’s significant. Besides the obvious economic impact of the U.S./China … Continue reading Economic Policy is the New Foreign Policy
Images and Text by Austin Rose In the coming weeks, the White House will take the battle to renovate and upgrade the Overseas Private Investment Corporation (OPIC) to the Senate. The newly empowered entity, renamed the International Development Finance Corporation (IDFC), would go toe to toe with the many tendrils of China's economic foreign policy … Continue reading Kenya and China’s One Belt One Road
By Andrew Doris Image: David Saveliev Readers of Realist Review will be well acquainted with the moral and pragmatic case against military adventurism. The external impact of an overactive US military is tragic and strategically damaging; in light of this, debating its internal impact seems almost heartless, and beside the point. The United States should … Continue reading The Bombing Windows Fallacy: How excessive defense spending hurts the U.S. economy
By Andrew Doris "Balancing the Military Budget" by David Saveliev President Trump recently scolded American allies for not funding their fair share of the NATO defense compact. He had a point: while the U.S. spends 3.6% of its GDP on its military, nations like France and Germany only spend 1.8% and 1.2%, respectively. For decades … Continue reading Too Much Bang for our Buck: How excessive defense spending hurts American interests