“Trade is like any other tool in our domestic or foreign policy,” Katherine Tai, President-elect Joe Biden’s choice to be the next U.S. trade representative, said last Friday when her nomination was announced. “It is not an end in itself. It is a means to create more hope and opportunity for people.” Those remarks from the 46-year-old career trade official may seem self-evident. But they hint at what could become a significant change in the direction of trade policy under the new president. Since the era of bilateral and regional trade negotiations began in the mid-1980s, the mission of the [...]
Economics & Business
In early November, Indonesian President Joko Widodo approved a controversial omnibus law that is meant to bolster Indonesia’s economy by reducing regulations and bureaucracy in areas from mining to forestry and labor to business licensing. Jokowi, as the president is known in Indonesia, has touted such reforms for years; he has claimed the new, landmark Job Creation Law, which clocks in at nearly 1,200 pages, will “create an additional 1 million jobs a year and increase worker productivity, which is below average in Southeast Asia.” Indonesia certainly does need a reduction in red tape, which has long hindered domestic and [...]
Australia’s government had a minor meltdown last week, with Prime Minister Scott Morrison calling an impromptu press conference to demand an apology for a “repugnant” Twitter post by a Chinese government spokesperson that contained a doctored image of an Australian soldier holding a knife to an Afghan child’s throat. The image, which Chinese Foreign Ministry Spokesman Zhao Lijian tweeted from his verified account, had a caption that read, “Don’t be afraid, we are coming to bring you peace.” Zhao’s accompanying text in the Twitter post expressed shock at the death of Afghan civilians and prisoners at Australian hands, calling for [...]