Category Archives: Economics

“Winning” the Geopolitical Competition with China

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Journal of Political Risk, Vol. 9, No. 2, February 2021

Source: Wikimedia

Randall H. Cook
Consultant

By all accounts, the U.S.-China strategic competition is alive and well.  The news that China displaced the United States in 2020 as the world’s preferred destination for Foreign Direct Investment (FDI) was followed closely by publication of a new “Longer Telegram” proposing a U.S. whole of government strategy to contain PRC Premier Xi Jinping’s ambition to realign the geopolitical structure with China as the new fulcrum.  The Biden Administration has sharply changed tack from its predecessor on a range of policies.  But on China, there is remarkable continuity.  The Trump Administration reset the U.S. strategic paradigm and there will be no going back.  Complex interdependent engagement is out; realist bipolar competition is the name of the new (but really, a back to the future sort of) game.

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As 300,000 Hong Kongers Move To Britain, It’s Time To Rethink Immigration Policy

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Journal of Political Risk, Vol. 9, No. 1, January 2021

Did British Prime Minister Theresa May’s ‘Hostile Environment Policy’ help Russian President Vladimir Putin? Wikimedia Commons

Bertie Harrison-Broninski
Freelance Journalist and Editor

2021 marks ten years since the start of the Syrian Civil War, and we’re reaching the end of a decade of European and British politics defined by the migrant crisis. Anti-refugee campaigning contributed to the Brexit vote in the UK, and to far-right governments across Europe, such as Viktor Orban’s in Hungary, or Andrezej Duda’s in Poland. 

Yet two seemingly contradictory developments in British policy this month demonstrate that the Brexit architects who are now leading the UK government lack Orban or Duda’s clarity around their attitude towards immigration. 

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NATO and Beyond: President Trump Revitalized Our Alliances

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Journal of Political Risk, Vol. 9, No. 1, January 2021

US President Donald Trump, Japanese Prime Minister Shinzo Abe and India’s Prime Minister Narendra Modi attend a meeting during the G20 Osaka Summit in Osaka on June 28, 2019. Source: MEAIndia.

William R. Hawkins
Former U.S. House Foreign Affairs Committee member

The new NATO 2030: United for a New Era report shows how President Donald Trump has reinvigorated the West’s central international security alliance. It proclaims, “the main characteristic of the current security environment is the re-emergence of geopolitical competition – that is, the profusion and escalation of state-based rivalries and disputes over territory, resources, and values.” This reflects the 2018 National Defense Strategy issued by the U.S. Department of Defense which saw America “emerging from a period of strategic atrophy” into a world of “increased global disorder” where Great Power competition with Russia and China is the major challenge facing the country. By looking at the world as it is, President Trump sent a gale of fresh air into a becalmed foreign policy establishment on both sides of the Atlantic and beyond.

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Accounting for the Count: COVID and the Vote

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Journal of Political Risk, Vol. 8, No. 11, November 2020

President Donald J. Trump, joined by Vice President Mike Pence and members of the White House Coronavirus Task Force, announces a national emergency to further battle the Coronavirus outbreak, at a news conference Friday, March 13, 2020, in the Rose Garden of the White House. (Official White House Photo by Tia Dufour)

S.C.M. Paine
U.S. Naval War College

Republicans argue that the presidential vote numbers are so close that they should be reconfirmed. Yet the much reviled Hilary Clinton conceded with even closer margins and with less secure voting machines. These are the wrong numbers to track.

In contrast, the numbers are not close concerning American deaths on Donald Trump’s watch. He is scheduled to lose more Americans in a single calendar year than all American deaths in World War II. Very shortly we may be losing each day, the number of Americans we lost on 9/11. China is a threat, but it is not killing hundreds of thousands of Americans. Trump’s incompetence is.

As a China specialist, it was obvious that there was an ongoing epidemiological disaster in Wuhan by late December or early January, when we should have shut down all travel to and from China, called on our allies to do likewise, invoked emergency measures to produce protective gear, and educated Americans about the rationale for the restrictions to come. One would think that the U.S. consulate in Wuhan provided information at least a month earlier unless it was asleep at the switch. Imagine the difference if we had shut our borders in November and put the full-court press on virus containment. Hundreds of thousands of Americans might have survived 2020. Yet Bob Woodward has Trump on record minimizing the problem in April. Continue reading →

Facebook Libra And Reliance Jio Compete With WeChat By Targeting The Unbanked

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Journal of Political Risk, Vol. 8, No. 9, September 2020

Source: Tim Bennett, (Unsplash).

Vikram Chopra
CEO of Gift Jeenie

There’s a technology arms race developing between the West and China. At the frontier are emerging technologies such as 5G, Big Data, AI, Blockchain and Crypto. China already has an advantageous position in many of these areas, including 5G and AI, and is looking to challenge Bitcoin and the US dollar with its digital Yuan.

Facebook’s recent moves with Whatsapp and Libra are interesting strategies in this larger game of global tech domination where the likes of WeChat and TikTok have been resoundingly successful market leaders. A big reason for the success of WeChat is its complete market domination within China’s 1.4 billion population. Furthermore, Wechat has seamlessly integrated into the daily lives of its users. It’s more than just a chat application: it’s a platform for shopping, ordering groceries, booking travel, dry-cleaning, reserving a table at a preferred restaurant and sending money among other services. Add the 40 million global Chinese diaspora who use WeChat to communicate with loved ones back home, and you can see why WeChat is one of the leading social media networks with over 1.2 billion users globally. Continue reading →