Return of Sovereign France- Europe’s Changing Landscape

Return of Sovereign France- Europe’s Changing Landscape

photo: Nathan Hughes Hamilton  In France, President Hollande’s utter failure to foster broad consensus for structural reforms has paved the way for a contested election. While public debate focuses on Emmanuel Macron as the savior of France, the real story is that Marine Le Pen’s agenda has shifted the French political landscape. Before TV debates, the […]

Le Pen-ization of France: Europe’s Changing Landscape

Le Pen-ization of France: Europe’s Changing Landscape

photo: Dennis Jarvis In France, President Hollande’s utter failure to foster broad consensus for structural reforms has paved the way for the most contested election in decades. While public debate focuses on the 2nd round winner, the real story is that Marine Le Pen’s agenda has already shifted the French political landscape. In recent polls, the […]

Accelerating Reform Execution in China

Accelerating Reform Execution in China

photo: Thomas Depenbusch After political consolidation, China is ready to begin a broader implementation of structural reforms. That is vital to double per capita income in 2010-20. After President Xi assumed office in fall 2012, Chinese leadership has steadily moved toward more comprehensive structural reforms. As evidenced by the recent Two Sessions in Beijing, these reforms […]

The Rise and Decline of Four Little Dragons

The Rise and Decline of Four Little Dragons

photo: Rolf Venema After a stunning growth performance, all four dragons are slowing and aging. In the absence of drastic policy changes, they are facing relative stagnation, says Dan Steinbock. In The Four Little Dragons (1992), U.S. academic Ezra Vogel argued that the four little dragons—Taiwan, South Korea, Hong Kong, and Singapore—were the newly-industrialized economies, which […]

The Philippines “BRIC” Effort

The Philippines “BRIC” Effort

photo: GovernmentZA While the Obama White House prepared plans for regime change in the Philippines, President Trump is working on an assertive strategy in Asia. Meanwhile, President Duterte is accelerating the country’s economic growth – dramatically. After the election triumph of President Rodrigo Duterte, the Philippines has initiated a series of economic reforms to accelerate […]

Trumping World Trade

Trumping World Trade

After the inauguration, President Trump has begun to reset the White House trade policies. But the consequences of “America First” stance in world trade are wrought with threats. Recently, President Xi Jinping gave a strong speech about the need for more inclusive globalization at Davos. World trade is a case in point. In 2015, world […]

The Story of the U.S. Regime Change Plan in the Philippines

The Story of the U.S. Regime Change Plan in the Philippines

photo: Brian Evans As long-needed economic reforms are taking off in the Philippines, regime change plans have been prepared in the US State Department against a democratically-elected president who enjoys very high popular support.    During the Philippine presidential campaigns in spring 2016, U.S. Ambassador Philip Goldberg sided visibly with anti-Duterte forces, which led to several […]

Philippines 2017 Or the Year of Living Dangerously

Philippines 2017 Or the Year of Living Dangerously

photo: Nicolas Raymond As President Duterte is rebalancing the Philippines’ economic and strategic policies, Washington is preparing plans for regime change. What the country needs is economic development, says Dan Steinbock – not geopolitical friction. After the election triumph of President Rodrigo Duterte, the Philippines has initiated a series of economic reforms to accelerate development, decentralize […]

Trump Tariffs Threaten to Undermine World Trade in 2017

Trump Tariffs Threaten to Undermine World Trade in 2017

Photo: Dirk Dallas As world trade and investment have plateaued, globalization has ground to a halt. The timing could not be worse for the Trump tariffs. In the recent Central Economic Work Conference, stability became the common denominator for China’s economic planning in 2017. And next year, the new central committee will is likely to speed […]

Why Are Foreign Nations Dumping US Treasuries

Why Are Foreign Nations Dumping US Treasuries

photo: Kurtis Garbutt Recently, foreign holders of US treasuries have been dumping their holdings more and at record pace. Optimists see it as a temporary fluctuation. Realists warn about structural change. According to US Treasury data, major foreign holders of US treasury securities have been reducing their holdings by almost $250 billion since March. The pace […]

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