Major players in global trade will consider possible countermeasures and strategies to moderate the medium- and long-terms impacts of Donald Trump’s trade protectionism. Amid the trade war, China, Japan, and South Korea are reviving the delayed agenda of East Asia integration.
Economist Paul Krugman told the News18 Rising India Summit that India needed to expand manufacturing to put more people to work, but a closer look at China’s growth trajectory showed that population policy was the key.
US’ withdrawal from the TPP and the Paris Climate Accords, and the recent dismissal of Secretary of State Rex Tillerson, signal the US’ waning influence and reinforce the collective will of the international community to cooperate.
China is embarking on several mega-projects to supply coal and build new power plants in Indonesia to boost the economy, which has been held back by electricity shortages. China may use these projects as references and applications for its BRI projects.
The Eurasian Economic Union, started in 2015 by Russia, Belarus, and Kazakhstan, followed by Armenia and Kyrgyzstan, is now acknowledged as one of the world’s major blocs organized for intra-regional cooperation and trade.
Contrary to Trump’s comments at the World Economic Forum, a trade war remains unlikely despite the ongoing US-China trade deficit, as criticism of China is part of the campaign narrative and making China a scapegoat for things going wrong is old hat.
Bhutan and Nepal, categorized as Least Developed Countries, rank second and third best among South Asian countries in the 2017 edition of the SDG Index and Dashboards Report. This points to differences in the way “development” is defined.
The Marvel Studios production Black Panther has opened internationally to great acclaim, largely in part to its presentation of the fictional kingdom of Wakanda as an Afrofuturist utopia, an “African country that was never colonized and is the most advanced nation in the world.”
Facilitated by under-the-radar low-tech boats, collusion with local corrupt officials, and integration with legal trade and activities, piracy in Southeast Asia remains a challenging problem. Multinational agencies are cooperating to counteract.
The Chinese agenda is to build the “Polar Silk Road” through developing the Arctic shipping routes. What makes it an essential need is the strategic significance of the Northern Sea Route, a potential key trading route between the eastern, western and northern hemispheres.