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September 19, 2006

Financial Markets
The problem with fair value calculations … JP Morgan, the dollar and China

Drausio Giacomelli’s model for long-term effective real exchange rates indicates that the yen is undervalued by 9%, just a shade more than the dollar – which is undervalued by 8%.     The South Afric…

February 16, 2018

North Korea
Avoiding War With North Korea

The U.S. military is prepared for a number of contingencies with regard to North Korea, but the best path forward is diplomacy aimed at denuclearization.

KCNA

March 15, 2024

United States
Campaign Roundup: Joe Biden Opposes the Sale of U.S. Steel to Nippon Steel

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: Joe Biden doesn’t want one of America’s closest allies to buy a once iconic American company.

Steel

October 27, 2004

Financial Markets
Morgan Stanley: China does not rely much on export led growth

Sometimes you read something and it makes you stop, because it is at odds with your existing sense of how the world economy is working. Drossos and Kinbrough’s argument that China does not rely on a…

February 6, 2024

Nigeria
Life After Weber

What if the solution to insecurity in Nigeria is beyond the capacity of the state?

A Nigerian police officer is shown holding a rifle while a large police vehicle is shown in the background.

December 7, 2022

Cybersecurity
Taiwan’s Offensive Cyber Capabilities and Ramifications for a Taiwan-China Conflict

Taiwan has had an active and capable offensive cyber force for more than a decade. Taiwanese leadership should continue to emphasize and grow its cyber capabilities to counter China's escalating gray…

A Chinese aircraft carrier sits in the center of the screen, viewed even with the bow. It is flanked by five other smaller Chinese ships with eight aircraft directly overhead the carrier.