Two Decades of Asian Cooperation and Alliance Building, Followed by Retreat

Journal of Political Risk, Vol. 5, No. 4, April 2017

By David Wolfe

The recent controversy regarding the location of the Carl Vinson Strike Group is analogous to current US Policy in Asia, rather than just another confusing announcement by the Trump Administration. The dysfunctional appearance is emblematic of a newly adopted regional retreat in many ways by the Trump Administration, and ceding territory throughout the region to Chinese aggression and hegemonic dominance.  The time period between the announcements of the US-India Nuclear Agreement back in 2006, right up to the recent withdrawal of the Trans Pacific Partnership (TPP), saw the United States’ Asian Policy focus towards consensus building, greater regional economic integration and an expansion of security partnerships.  However, given the recent withdrawal from TPP, the Trump Administration is reversing course from those alliances established to counter the hegemonic ambitions by the Chinese to one in stark contradiction of that policy overnight.  The United States’ proposed interests, strategic alliances and most importantly, a check to Chinese expansion throughout the region of South, Southeast and Northeast Asia, is now in jeopardy, and no one is more appreciative of this shift than China.  Unfortunately, given the short-term memory in today’s oversaturated news culture, most are either unaware or have forgotten the long-term strategic goals the US has sought to pursue, and how that is now setting up a dangerous scenario for regional allies.

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Express Kidnappings: Risks and Insurance Options

Journal of Political Risk, Vol. 5, No. 4, April 2017

By Sean Jordan

With much of the risk management world’s collective attention focused on cyber and privacy exposures recently, kidnap and ransom exposures tend to fly under the radar, relatively speaking. However, companies of all types, whether they are established multinational entities, newly expanding organizations, or simply companies that occasionally send their employees abroad, should educate themselves on where the greatest kidnap and ransom (K&R) exposures lie and what they can do to mitigate their risks. Interestingly, an examination of the risk reveals some key similarities and parallels to certain cyber and privacy risks that have recently become prevalent.

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