Asian Unrest: An Ominous Sign for the Global Economy
The specter of social unrest is haunting the high-growth economies of Asia. In one nation after another, rising expectations are being dashed as economic conditions deteriorate. In effect, Asia’s nascent middle class is getting its first taste of middle-class insecurity…
Decline of America: Have We Given Away the Store?
The past weeks of wrenching volatility in the financial markets and the evident confusion in both Europe and the U.S. over how to avoid tipping into a double-dip recession — or a straight-out depression — have once again brought the…
Asia Becomes More Asian as America’s Power Shrinks
Late in June, Chinese fighter jets crossed into Taiwan’s airspace in pursuit of a U.S. spy plane. The U.S. aircraft quickly exited the area, avoiding the kind ofembarrassing push-and-shove that followed when American spies were actually forced down on Hainan Island, off…
The Big Question for China as Global Growth Slows
Part 1 The investing world awoke from America’s debt-ceiling nightmare this week only to realize that global growth is hitting the brakes all around the planet—including China. “China is not collapsing, [but] it’s notably slowing,” Harvard economist Kenneth Rogoff told…
America’s Dangerously Out-of-Date View of China
America’s sluggish insistence that China remains a security threat as opposed to a powerful economic reality is leading to lost opportunities. Not quite four decades after Nixon visited Mao, the U.S. is still reluctant to see an emergent China for…
Maybe We’re Not So Dependent on China
Central bankers are always secretive about what they do with their reserves, and China’s are no different. They’ve been hinting for years that they were tired of the risks associated with having too much of their hard-earned cash sitting in…
Kissinger’s Skilled Eye on China, Then and Now
Nearing age 90 now, Henry Kissinger has set down in a new book his extraordinary challenge four decades ago, when he brought together Mao Tse-tung, the giant of the peasant revolution, with the dedicated anti-Communist,Richard M. Nixon. On China (Penguin…
Here Comes the Chinese Spring
Social unrest is erupting in China—again. Simmering protests that began in two industrial cities several weeks ago have spread and intensified over the past few days, prompting yet more vigorous displays of force on the part of local governments and…
Made in America: Manufacturing Jobs Are Coming Home
The tale of American manufacturing has long been one of woeful decline. Just about a year ago, China replaced the U.S. as the world’s No. 1 maker of things, and that seemed a sure sign that the glory days had…
China May Not Place Its Big Bets on America
Right now we should begin to worry about one of the following: 1. A flood of Chinese money is coming and Americans will react rather badly, as they did when big Japanese investments arrived in the U.S. 20 years ago. 2. A…
Recent Comments