The CSS Blog Network

Sanctions: The New Economic Battlefield

Image courtesy of Vladimir Solomyani/Unsplash

This article was originally published by the Australian Strategic Policy Institute (ASPI) on 6 August 2019.

Economic warfare is being fought with an intensity not seen since the period leading up to World War II as countries deploy tariffs, embargoes and economic sanctions to force policy changes or punish their adversaries.

Free trade is coming off second best, and global trade has stalled. There’s been no growth in trade volumes since late 2017, contributing to a slowing world economy.

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Belt and Road Initiative 2.0: ‘Qualitatively’ Different?

Image courtesy of nali_wike/Pixabay

This article was originally published by the East-West Center (EWC) on 11 July 2019.

Following five years of periodic controversies and criticism – some factual, others contrived – President Xi Jinping used the Belt and Road (BRI) Forum in April to set the agenda for the next five years of his hallmark project. At the forum’s second edition, meant to promote a “stronger partnership network,” the Chinese leader pledged to “clean up,” stressed “zero tolerance” to corruption, and emphasized readiness to adopt “internationally acceptable” standards in the bidding process of BRI projects in the future. This language indicates Beijing’s openness to constructive criticism and willingness to objectively tweak some inherent weaknesses in the strategy and implementation mechanisms for the BRI during the 2013-2018 period. It also sets the stage for the start of “BRI 2.0,” where the stress is likely to be on the qualitative, rather than just quantitative, attributes. The following are some analytical pointers on how BRI 2.0 is likely to be different from version 1.0, especially keeping in mind what Chinese Minister of Foreign Affairs Wang Yi referred to as a “high-quality” shift from “big freehand” to “fine brushwork” in planning BRI’s future projects.

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When Norms Collide: Business, Human Rights, and Economic Development in Colombia

Image courtesy of Gobierno de Chile/Flickr. (CC BY 2.0)

This article was originally published by Political Violence @ a Glance on 28 May 2019.

This fall will mark three years since the Colombian Peace Accord between the government of Juan Manuel Santos and the FARC guerrilla group was ceremoniously signed in Havana, Cuba. It was unique for a variety of reasons: it ended the world’s longest-running civil war, it was signed with the world’s oldest guerrilla group (the FARC), and—what few know—is that it is also the first peace process that explicitly includes economic actors in the truth and accountability mechanisms to help the country transition to peace.

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The US-Chinese Trade War Begins

Image courtesy of The White House/Flickr.

This article was originally published by YaleGlobal Online on 19 September 2018.

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.

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Can China Free Africa from Dependency on the Mighty Dollar?

Image courtesy of Vladimir Solomyani/Unsplash

This article was originally published by the Institute for Security Studies (ISS) on 13 August 2018.

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?

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