Alarm bells that are warning various governments about growing Chinese global military presence are overdone. Yes, in doing so, China is indeed seeking to expand its global political, as well as its ability to project its military power abroad. As the world's second largest economy and de facto superpower, what, exactly, would the West and its neighbors expect it to be doing?
China and Myanmar have had a mixed post-war relationship, ranging from warm to hostile, with Burma being the first non-communist country to recognize the PRC in 1949, then expelling much of its Chinese population following anti-Chinese riots in the 1960s. Since the repression of pro-democracy riots in 1988, Myanmar has generally sought a closer relationship with China, as the government wished to strengthen itself in the process.
All eyes are on Cuba as an investment opportunity for U.S. companies. And with travel and trade restrictions relaxing this year the question becomes — is Cuba Ready? For each potential deal, a number of factors and risks need to be assessed. But as the small island nation strives to join the world trade community, Cuba is likely to become a favorable investment destination.
Nearly four years after NATO-backed rebels toppled the former Libyan ruler Muammar Gaddafi, the North African country has plunged into chaotic unrest. The failure of last year’s election to achieve political unity in Libya was most evident when Fajr Libya or “Libya Dawn” — a diverse coalition of armed groups that includes an array of Islamist militias — rejected the election’s outcome and seized control of Tripoli.
President Nicolás Maduro’s desperate effort to sustain the socialist framework he inherited from the late Hugo Chávez in 2013 is careening toward failure. A steep fall in global prices for oil, the main source of the government’s income, has exposed fully the systemic weaknesses caused by years of economic mismanagement.
The crackdown on high-level corruption that has characterized Xi Jinping’s presidency has continued as the ruling CCP takes steps to address a major contributor to popular discontent, while also providing Xi with an opportunity to purge rivals and consolidate his position. Both objectives have taken on added urgency as the latest growth figures and evidence of strains in the financial system raise question marks about China’s economic stability.
Greece’s parliamentary elections could reshape Europe. In voting for the radical left the Greek people have reinvigorated home rule and democracy across the continent. Greece has been in economic crisis seemingly for eternity. Even in the Euro the system could not generate the growth necessary to repay the debt: the economy was hamstrung by enervating work rules, corrupting political influences, profiteering economic cartels, and debilitating cultural norms.
Since the People’s Republic of China (PRC) began to open its economy in 1978, its relationship with Latin America and the Caribbean has passed through four phases. Prior to its 2001 entry into the World Trade Organization (WTO), it conducted limited engagements through principally diplomatic and cultural vehicles, aimed at building relationships and winning diplomatic recognition among countries of the region.
Stock markets are up then down. The value of the dollar is soaring, while the ruble and many other currency values plummet. Are we headed back to another recession? Didn’t we just get out of a recession? Are we doomed to decades of slow growth? These are just some of the questions being asked these days. Nevertheless, what is going on now is risky.
Many common perceptions foreign investors have about Brazil are misplaced. By all rights, given its size, location, and natural resource base, Brazil should be an economic juggernaut. But the truth is that Brazil should never have been designated a BRIC because it is a poorly managed economy that has rarely lived up to its potential.
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