Over the past 40 years, Asia has experienced unprecedented levels of peace and prosperity, as the bloody conflicts […]
In 2017, the brinkmanship between Kim Jong-Un and President Trump and the looming prospect of conflict drew a […]
Yellow Snow: Pyeongchang 2018 The color of sunshine on a warm day, the lemons in my backyard garden, […]
China’s rise as a world power has been comprehensive to say the least. Alongside its growing powerhouse of […]
“If an alien landed on earth they would be puzzled by its international financial institutions as China is grossly underrepresented” (BBC). In fact, it’s not just China; the vast majority of Asian countries are severely underrepresented in international financial institutions such as the International Monetary Fund (IMF), though Asia is home to the world’s fastest growing economies. Apparently frustrated at the failure of the existing world order to accommodate its rapid rise, and aiming to export China’s production capabilities, the Chinese government introduced plans for the Asian Infrastructure Investment Bank (AIIB), China’s first multilateral development bank. The U.S. has been a key opponent of China’s efforts to expand global influence, turning China’s financial initiatives into a diplomatic contest by urging its allies not to join. However, the international society has ever since rejected the U.S. endeavor by supporting China’s initiatives with overwhelming zeal. Now that the pros and cons of accommodating these initiatives have become abundantly clear, the U.S. should forgo its frantic political race and realign itself with China in maintaining the rising tide of the global economy.
Home to strategic military bases, vital trade routes, and valuable natural resources, the South China Sea represents some […]