In his book Fear, journalist Bob Woodward suggests that Donald Trump’s protectionist instincts may be stronger than previously thought, preventing him from making commercial peace with traditional allies or trade partners. Recent actions against China leave no doubt. Yet, this is not simply the Trump administration directing “protectionist firepower” against China, to quote James Politi of the Financial Times. A geopolitical fight is also emerging about global technological leadership and US ambitions to contain China on this crucial frontier.
By extending the influence of the yuan, China could become the new champion of globalisation.
Is China, aided and abetted by the other BRICS member countries – Brazil, Russia, India and South Africa – making a bid to dislodge the dollar from its global pedestal and replace it with the yuan? And if so, will it help African countries, in particular, to escape from the iron and often onerous grip of the greenback?
With Iran and Afghanistan as neighbors, Turkmenistan is often overlooked due to its proximity to geopolitical hotspots. Recent measures by its government to restrict emigration may seem peculiar without greater context on the challenges facing the country. Economic mismanagement and issues in securing the country’s border against the Taliban and the Islamic State (ISIS) and affiliated groups are just some of the signs that without a change in approach, there is a risk of a destabilization in the country. With endemic corruption, systemic flaws, and a totalitarian leader, the impact of larger failings in Turkmenistan could have potentially significant geopolitical repercussions.
This graphic contrasts the price range of electricity costs stemming from renewable sources with that of fossil fuels for the years 2010 and 2016. For more on the interplay between technological innovation and the geopolitics of energy, see Severin Fischer’s chapter for Strategic Trends 2018 here. For more CSS charts, maps and graphics on economics, click here.