Former U.S. President Donald Trump upended what was once a relatively staid global economic and trade system. For all of the upheaval he created, though, Trump left office with only one clear-cut accomplishment: an updated NAFTA deal. And even as Trump sowed chaos in America’s trade relationships, most of the world reinforced its commitment to trade liberalization.
Asia-Pacific
As an aspirational great power, India had a big year for its foreign policy in 2023, marked by highlights that brought India’s potential as a political, economic and strategic player to the limelight. However, despite its proactive diplomatic engagements, India’s foreign policy continues to face enduring challenges.
Two recent controversies drew attention to the malaise and frustration regarding the state of soccer in China. But the travails of Chinese soccer are also helpful as a prism for understanding how Xi’s leadership style helps spawn corruption-fueled boom-bust cycles in the economy and the crackdowns that inevitably follow.