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June 22, 2010

Capital Flows
Beware the “Reverse Conundrum”

Foreign ownership of U.S. assets, particularly Treasury bonds, has increased significantly over the last two decades. Foreigners now own 57% of outstanding U.S. Treasurys, up from 37% in 1997. The …

Beware the “Reverse Conundrum”

April 6, 2017

China
RMB Globalization, Once "Unstoppable," Heads Into Reverse

    “The globalisation of the [Chinese RMB] seems remorseless and unstoppable,” the Economist pronounced in April 2014.  A year later, a research-grant foundation asked me (Benn) to review …

RMB Globalization, Once "Unstoppable," Heads Into Reverse

March 30, 2013

Asia
Is Democracy in Reverse?

In today’s Los Angeles Times, longtime foreign correspondent Carol Williams poses a wide-ranging series of questions about my new book Democracy in Retreat. You can see the whole interview here.

An anti-government protester sits in front of riot police near the Government house in Bangkok on November 24, 2012.

March 30, 2007

Emerging Markets
Reverse globalization

The phrase the “uphill flow of capital” seems to have caught on.  It is a vivid way of describing a world where poor countries finance rich countries.   Or, a bit more accurately, China and some no-l…

April 19, 2024

United States
Election 2024: Donald Trump Declines to Fight Aid to Ukraine

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: Donald Trump has chosen to stand aside as the House of Representatives moves to vote on aid to Ukra…

Ukraine war image