While the global economy is slowing down and many experts are worrying about the rise of trade protectionism, Pascal Lamy, French political consultant and former Director-General of the World Trade Organization (WTO), believes that trade protectionism will not increase in the future. Making the remarks recently in Beijing, Lamy also thinks that even if Trump may have some radical policies to protect trade, there would not be too much room for him to do so. Although a lot of people ar…
Among many policies that Trump talked about during the election campaign, tax reform, trade protection and increasing infrastructure investment are the three that are certain. But such policies may also trigger a financial deficit which can further lead to current account deficit.
This year has witnessed a number of events which have raised questions about the future course of globalization, with Britain’s vote to leave the EU and the election as the US president of Donald Trump being the most prominent ones. All these have prompted discussions about a new trend of anti-globalization. Has something gone wrong with globalization?
The trend of anti-globalization has been escalating given a series of events in 2016 including Britain’s exit from the Europe Union, opposition by both candidates in US presidential election to the Trans-Pacific Partnership (TPP), a demonstration by 100,000 people in Germany against the Transatlantic Trade and Investment Partnership (TTIP), as well as the rise of populism in France and Italy.
On November 29, Trump’s transition team told the media that Elaine Chao would be nominated by the president-elect as the secretary of transportation. The news struck me as no surprise when I learned it from CNN. The choice makes sense and could “kill two birds with one stone”. By inducting Elaine Chao into the cabinet, Trump can appease the Senate, Chinese American community and even China.
As many regard Trump’s victory in the 2016 presidential campaign as an “earthquake” for the US political history, such a result was actually historically inevitable.
Former US Secretary of State Henry Kissinger was meeting President Xi Jinping during a China tour on December 2, when President-elect Donald Trump had a 12-minute "courtesy" phone call with Taiwan's leader Tsai Ing-wen.
Japan’s Defense Minister, Tomomi Inada, recently remarked that safeguarding the South China Sea is linked with safeguarding the East China Sea, and that Japan should push its so-called ‘rule of law’ worldwide. When Inada first visited the US this September, she claimed that Japan will step up its activities in the contested South China Sea through joint training patrols with the US and bilateral and multilateral exercises with regional navies.
While global governance involves competing international institutions and norms, the making of such institutions and norms has been controlled by big powers of the world throughout history. The current global governance institutions centered on the United Nations were gradually improved and formed under the leadership of the US in the decades after World War II.
Qiu Zhaolin, a researcher with the Institute of European and American studies, the Academia Sinica, argued that Taiwan should prove its value to the United States. She highlighted the view of US Secretary of State Kissinger during his China visit in 1969, that it would be a big mistake to give the “crown jewel” to the Chinese mainland. She emphasized that when the question of if Taiwan should be given up creates heated debate, Taiwan must do something about it.