Carnegie Endowment for International Peace
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Washington can’t decouple from China without Europe’s help, while China hopes to soften Europe’s stance and has focused its diplomacy there. This has put Brussels in a pivotal position.
Janet Yellen and Jake Sullivan have recently argued that pursuing industrial policy at home is compatible with an open and fair global economic order.
With relations at an all-time low, punitive actions targeting China have become politically popular, even if they have no analytical basis.
“The continued stability and prosperity of the Indo-Pacific region is heavily influenced by the actions of small island states,” says Maldives Foreign Minister Abdulla Shadid.
The revamped partnership is driven by discernible global shifts.
Among emerging Asian economies, it has the fewest tools to fight the global food crisis.
Pushing China and India to join the embargo would result in chaos in global energy markets.
In a region already struggling with pandemic recovery, the fallout from the Russia invasion could be the straw that breaks the camel’s back.
The proposal’s structure aims to minimize price spikes but doesn’t address reduced consumption.
Major powers view the ocean as three regions, but that outdated understanding hinders their ability to assess its strategic importance.