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April 11, 2007

Emerging Markets
It is hard for the world to diversify away from the dollar when the world’s holdings of dollars need to rise by about a trillion a year

OK, I probably should strike “world” and insert “the world’s governments” instead.  It is pretty clear that central banks and oil investment funds provided the bulk of the financing the US needed in …

em_reserve_growth_small

April 5, 2007

China
Think again (China no longer just assembles imported components)

Dated perceptions of China:  Chinese banks are filled with NPLs.   China runs a surplus with the US but a deficit with the rest of the world, so its trade is in rough balance.China just assembles imp…

March 28, 2014

International Organizations
You Might Have Missed: Ukraine, Rep. Mike Rogers, and Drones

Jeanne Whalen and Alan Cullison, “Ukraine Battles to Rebuild a Depleted Military,” Wall Street Journal, March 25, 2014. In recent weeks Mr. Yarema has turned to Washington and NATO for help, but wit…

Amesnty All- edit

January 31, 2012

International Organizations
The United Nations Then and Now; and What it Means for Syria

This month marks the seventieth anniversary of the “United Nations.” Not as a formal organization—that would occur in San Francisco in 1945—but as a wartime alliance. After Pearl Harbor, President Fr…

The United Nations Then and Now; and What it Means for Syria

November 20, 2020

Transition 2021
Transition 2021: Should Lame-Duck Presidents Make Major Foreign Policy Decisions?

Each Friday, I look at what is happening in President-Elect Joe Biden’s transition to the White House. This week: Donald Trump is using all the powers of his presidency and creating a host of problem…

President Donald Trump stands looking up in front of a U.S. flag.