China’s traditional diplomacy is at a crossroads as it adjusts to the new global order. The financial crises, climate change, and regional instability have propelled China into a new global role and in turn, a new era of diplomacy.
Recently, China announced that it is considering an offer by the Seychelles to use its ports for resupplying naval vessels. Meanwhile, India is believed to be planning a cooperative effort with Vietnam on oil and gas exploration in the South China Sea.
The execution of America’s strategic 'pivot' to Asia, and China's response, are combining to deepen mutual suspicions and potentially destabilize the entire area.
Europeans should recognize that Washington’s increased engagement in the Asia-Pacific is also in Europe’s best interests and work to develop its own strategic approach toward the region.
With China’s growing influence over the global economy, and its increasing ability to project military power, competition between the United States and China may be inevitable but military clashes remain unlikely.
Part of Vladimir Putin’s grand vision for the Russian state includes the formation of a Eurasian Union. Since 2009, his foreign policy strategy has been aimed at attracting foreign investors and integrating the former Soviet states.
China's future role in the international community is hotly debated both inside and outside the country. It remains to be seen how China's growing public power might affect the government's foreign policy.
Having benefited from the euro at the expense of nations such as Greece, Spain, and Portugal, Germany now has the opportunity to take responsibility for the survival of the Eurozone by sacrificing its current account surplus and allowing debt-laden countries to resume growth.
While President Obama will use his ten day trip to the Asia-Pacific to demonstrate that the United States is serious about its involvement in the region, his substantive agenda appears thin and may disappoint those with high expectations.
National economies are becoming increasingly interdependent and a fiscal policy made halfway across the world can have global reverberations. As a result, an understanding of the current investment climate in the United States requires an understanding of the global economic climate.