While the world doesn’t yet face a food crisis on par with the summer of 2008, it’s clear that the drought currently affecting the Black Sea trio of Russia, Ukraine and Kazakhstan — all big-time global exporters of wheat and barley — has suddenly made food inflation a primary threat to the somewhat fragile and decidedly uneven global economic recovery. At the very least, it reminds us just how tight global food markets are, due to the contradictory combination of rising middle-class demand and the enduring commitment by brittle governments around the world to keep prices low — at whatever […]
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Unless you have been living under a rock, the news that China has become the world’s top energy consumer should not have been surprising. For some years now, China has been steadily marching up the global energy consumer rankings, an ascension that was expedited by the severity of the recession’s impact in the U.S. The International Energy Agency (IEA), whose data confirmed the dubious milestone, called it a “new age in the history of energy.” Even if it is not entirely surprising, the news does beg further analysis because of its implications for global energy markets and international affairs. It […]
BEIJING — Over the past decade and more, China has capitalized on critical transformations in the global landscape to forge new patterns of political and economic influence and significantly further its national interests. But in so doing, it has also become exposed to a growing matrix of risks to its capacity for continued international expansion. While this exposure has rendered China more vulnerable to external actors and threats, the greatest obstacles facing the country’s future trajectory ultimately come from structural deficiencies in the domestic political economy. In the international arena, although China’s most recent gains have been impressive, much of […]
LIMA, Peru — With the entire western Amazon experiencing oil and mining booms, indigenous groups in the Amazon Basin and the Andes — already fighting encroachment by loggers and small-scale farmers, or else struggling to obtain title for their ancestral land — have now stepped up their resistance to efforts to exploit oil reserves, mineral deposits and other natural resources in and nearby their communities. In response, the region’s presidents have accused native leaders and environmentalists who help them of everything from terrorism to being U.S. lackeys. The trends cut across ideological divides. Peruvian President Alan Garcia has taken a […]