Is Debt China’s Achilles Heel?

Is Debt China’s Achilles Heel?

China’s credits to various countries along its much-discussed Belt and Road Initiative (BRI), the most ambitious infrastructure undertaking in history, have recently been criticized for drawing poor countries into a debt trap by extending huge credits. Myanmar is often cited, as well as Sri Lanka. Malaysia and Pakistan are renegotiating multi-billion-dollar projects of previous regimes….

Get Over It: Asia Rules

Get Over It: Asia Rules

The greatest merit of Parag Khanna’s new book, The Future is Asian, is to accessibly tell the story of a historical inevitability – with the extra bonus of an Asian point of view. This is not only a very good public service, it also blows out of the water countless tomes by Western “experts” pontificating…

The Japanese-German Alliance Against “America First” Might Backfire Badly

The Japanese-German Alliance Against “America First” Might Backfire Badly

Japan just teamed up with Germany against Trump. Prime Minister Abe hosted Chancellor Merkel earlier this week and committed to enhancing what he described as the “alliance of multilateralists” that exists between their countries and especially them personally. These two Great Powers are against Trump’s “America First” ideology of prioritizing his country’s interests in all…