In The News

Minxin Pei February 18, 2019
If the US and China fail to negotiate a comprehensive trade agreement, bilateral trade, the economic relationship will erode as tariffs of up to 25 percent are applied on $200 billion of Chinese exports to the US, thus encouraging relocation of business activity out of China. Even if the two nations resolve differences over China’s state-owned enterprises and subsidies, the relationship could...
Yan Xuetong February 16, 2019
US Vice President Mike Pence’s 2018 speech at the Hudson Institute, stopping short at inaugurating a new Cold War, bluntly enumerated China’s encroachment on US interests. His words illustrated the Trump administration’s perception of the rising power in the East, one determined to replace the United States in the global order. Yan Xuetong writes in Foreign Affairs that China does not seek an...
Valbona Zeneli and Michael R. Czinkota February 15, 2019
With more than 160 members, the World Trade Organization describes itself as the only global organization dealing with the rules of trade among nations. “The outsourcing revolution has affected the developing world in a major way: global manufacturing and new services have dramatically changed supply chains; corporate espionage and intellectual property infringements supported many corporate...
February 14, 2019
Despite the conviction of Joaquin “El Chapo” Guzman, the US demand for illegal drugs has not subsided. The Sinaloa drug cartel is under new leadership, less flamboyant and violent, and still maintains an international network bringing in product from places near and far, whether Colombia or Malaysia. “Those heaping bags of fentanyl – sourced in China – and plastic tubs of crystal meth, heroin...
Tomoo Kikuchi and Masaya Sakuragawa February 8, 2019
Asia’s contributions continue to gain weight in the global economy. China and Japan are the world’s second and third largest economies, respectively. India, South Korea and ASEAN members also provide substantial contributions. All benefit from free trade, explain Tomoo Kikuchi and Masaya Sakuragawa, but trade and growth have slowed. “China and Japan should pursue greater cooperation on a number...
Chris Morris February 1, 2019
The United Kingdom, as an EU member, shares four decades of laws on trade, immigration, finance, health and safety, and more. If the EU and the UK part ways with no deal or extension for the negotiations and if the UK does not prepare replacement laws, that could pose uncertainty and serious disruption in most policy areas, reports Chris Morris for the BBC news. The report outlines progress on...
Shin Ji-hye January 30, 2019
South Korea will offer financial incentives and streamline regulations to attract foreign firms that can upgrade the nation’s traditional manufacturing sectors including petrochemicals, high-end manufacturing, automobiles and health care, announced the chief of investment policy at the Ministry of Trade, Industry and Energy. The range of targets is broad: “The ministry will also focus on luring...