French President Emmanuel Macron has long called for a stronger and more sovereign Europe, in part by pursuing stronger partnerships with the Global South and reform of the international finance architecture. But those plans won’t be enough if major powers refuse to cooperate or negotiate in good faith with Global South countries.
The Ecuador-China Free Trade Agreement has often been portrayed as a milestone for China in Latin America, but recent developments have thrown the fate of the deal into doubt. The sudden uncertainty has implications that extend beyond Ecuador’s borders, affecting the broader landscape of China’s relations across Latin America.
China’s expanding economic footprint in Latin America over the past 25 years has driven economic growth and shifted the geopolitical narrative across the region. But that engagement is now shifting as priorities change in China, Latin America and the U.S., at a time when Chinese growth is slowing and U.S.-China tensions are rising.
Though North Korea’s nuclearization efforts have faded from the headlines, the country has continued to improve its capabilities and can now plausibly reach any location in the continental United States with a nuclear weapon. In the absence of a deal to curb its nuclear and missile programs, North Korea’s arsenal will only grow more lethal.
There are many negative consequences of China’s accelerated population decline. But while China’s demographic crisis looks like that of other neighboring countries, it is coming at a lower level of economic development, and the problems it poses are exacerbated by some of the unique characteristics of China’s political system.
The war in Gaza and the Houthis’ de facto blockade of the Suez Canal have both imperiled the Mediterranean’s recently regained status as a nodal point of global trade. But at the same time, the European movement toward de-risking trade with China and adopting shorter supply chains provides an opportunity for Mediterranean nations.
Since taking office Dec. 10, Argentine President Javier Milei has launched a flurry of initiatives to implement his pro-market agenda. But his decision to push through a massive package of reforms all at once and his insensitivity toward the social costs of his policies risk alienating key supporters and dooming his administration.
Many countries across Africa are experiencing an economic malaise. What began as a slump for commodity exporters in 2014 became a general slowdown with the shocks of the pandemic and the war in Ukraine. But like Africa’s last “lost decade” in the 1980s, a moment of crisis could be an opportunity to set a different economic course.
Ghanaian President Nana Akufo-Addo’s “Resilient Ghana” program, which seeks to halt and reverse deforestation while also boosting the country’s economy, has won plaudits abroad. But Ghanaians are more skeptical, and for good reason. Deforestation is a grave problem in Ghana, but successive governments have done little to address it.
Since the start of the war in Gaza, China has adopted a position that is surprisingly critical of Israel. What’s driving the shift? One overlooked factor is the relative collapse of the major pillar underpinning Sino-Israeli ties since even before they formally established diplomatic relations: trade in technology.
After a year of important gatherings for the Chinese Communist Party, starting with the 20th Party Congress in October 2022 that named Xi Jinping to an unprecedented third term as general secretary, 2023 ended not with a bang, but with a whimper: The “third plenum,” often used to announce important reforms, didn’t take place.
Since taking office last summer, Cambodian Prime Minister Hun Manet has shown some signs that he understands the country’s need for economic growth. But his moves on the economic front will mean little if Hun Manet remains as authoritarian as his father, longtime ruler Hun Sen, whose political system he inherited upon succeeding him.
As 2024 begins, two of the world’s most important shipping routes—the Suez Canal and the Panama Canal—both face threats that require a global response. The two challenges aren’t alike. But given their effects on global trade, it’s worth asking, What if we treated them with a similar sense of urgency, strategy, attention and resources?