Freeman's essay is here... he roundly excoriates sanctioneering: "The net effect of American sanctioneering and protectionism is to make the world ever less than the previous sum of its parts. The new U.S. stand on trade and investment: * Substitutes geopolitical risk judgments based on national security paranoia for comparative price and quality as the basis for business decisions, thereby reducing global economic efficiency, growth, and prosperity. * Exempts uncompetitive domestic oligopolies – which now dominate the American economy – from competitive pressures to produce better, cheaper products. *Deprives U.S. producers of economically desirable production inputs and locks in inflation. *Replaces quasi-judicial dispute settlement mechanisms in international trade with zero-sum contests of economic power. *Undermines global monetary reserve and trade settlement systems and encourages the formation of competing currency blocks and exchange mechanisms. *Divides the world into multiple segregated political and economic blocs, restricting trade and investment flows with other blocs or countries to the detriment of global prosperity and economic efficiency. *Constitutes a pivot to further stagnation and technological decline, not a realistic approach to reindustrializing America. *Drives the world toward attempted military rather than diplomatic solutions to problems, most of which cannot be resolved on the battlefield. " Amen to all of that. Huge investment implications for anybody with a brain who can use it. #NewWorldDisorder https://lnkd.in/gwk_nTeN
Kingsley J.’s Post
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In a world marred by geopolitical strategies destined to shape the future, “Win-Win or Trojan Horse? Assessing Chinese #FDI in Central and Eastern Europe” delves into the intriguing and complex interplay of Chinese investments in Europe. Do these financial manoeuvres mark a collaborative milestone or a strategic ploy in the ever-evolving global power dynamics? Read our more on #China's financial endeavours in Eastern Europe on Euro Prospects. Article by Eszter Zsófia Nagy. #geopolitics https://lnkd.in/d5w6-vUb
Win-Win or Trojan Horse? Assessing Chinese FDI in Central and Eastern Europe
https://europrospects.eu
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In his influential book, The Great Illusion (first published in 1909), Norman Angell argued that the economic interdependence of nations made war irrational and economically disastrous. He suggested that the interconnectedness of global trade would deter nations from engaging in war because the economic costs would outweigh any potential gains. His work contributed to the international trade institutional environment that culminated in the formation of the WTO in 1995. The reelection of Trump presents an existential threat to what is left of the WTO and the already strained international consensus on trade. We are now confronted with a return to the global economic conditions that preceded and caused world war I. The prospect of unrestrained great power politico-economic competition presages an era fraught with unique dangers and uncertainty. But we can draw comfort, presumably, that the Libs have been truly owned.
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My latest research on the nexus of national security and economic development ... Cold War 2.0? Navigating economic development under increased geopolitical tensions In December 2017, the US National Security Strategy introduced the notion of a “new era of strategic competition,” describing its once-close economic partner, China, as an “adversary,” “rival” and “strategic competitor.” Some foreign policy analysts point to a looming second cold war – this time between the United States and China. This paper synthesizes the emerging literature in this area, acknowledges the ongoing debates on whether a new cold war has dawned, and draws on insights from the first cold war precisely to establish key differences in contexts. It concludes by outlining some initial policy guidelines for countries navigating the present geopolitical context. https://lnkd.in/gGUhCWKU
Cold War 2.0? Navigating economic development under increased geopolitical tensions
tandfonline.com
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It seems that USA and west plan to create Supranational states or the supranational organization is a multinational union or association in which member countries cede authority and sovereignty on at least some internal matters to the group, whose decisions are binding on its members. In short, member states share in decision-making on matters that will affect each country's citizens. The EU, United Nations, and the World Trade Organization (WTO) are all supranational groups, to one degree or another. In the EU, each member votes on policies that will affect each other member nation. Such supranational organizations are seen by many as a better way to govern the affairs of nations, with an eye to preventing conflict and promoting cooperation, particularly on economic and military matters. Shifting Toward a Supranational Approach The creation of supranational groups marked an evolution of — or a break from, depending on your point of view — the Westphalian system in which nation-states were sovereign and answered to no one—whether in domestic affairs or international affairs, except in the case of violence or treaties. Supranational thinking gained in prominence in the wake of the two world wars in the first half of the 20th century. To avoid more tragic, costly wars, nations were increasingly willing to cede sovereignty on some issues—usually related to trade and business—to a vote of the members of a supranational organization.’ My counter all above supranational groups or supranational organization are western. USA and the West before plundered the resources of the third world countries and now these organizations enable pooling the plundering: loot in collective way
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Starting to read this report by Carnegie Endowment for International Peace on the EU's geopolitical and economic challenges. The Union's situation on #StrategicAutonomy, #SupplyChain Resilience, and #CleanTransition are some of the main aspects of the text, reflecting some of the conclusions of #Draghi, #Letta and #Niinistö reports.
In response to great-power competition, the European Union has adopted a geopolitical approach to economic statecraft. What are the challenges associated with this strategy? Carnegie Europe's new report, edited by Rosa Balfour and Sinan Ulgen, explores the bloc's economic statecraft model and its implications for accomplishing broader foreign policy goals. 🔗 Read the report now: https://lnkd.in/dxQCWXQS 👋 Interested in learning more? RSVP to attend the report's launch event on November 26: https://lnkd.in/dmjNaNX6
Geopolitics and Economic Statecraft in the European Union
carnegieendowment.org
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Geopolitical Weekend Reading: Germany and China: How Entanglement Undermines Freedom, Prosperity and Security
Germany and China: How Entanglement Undermines Freedom, Prosperity and Security
amazon.com
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today's must read: an article by kurt campbell and jake sullivan on us foreign policy strategy from 2019. quote: "Many international organizations, from the UN and the World Bank to the World Trade Organization, are institutions that the United States helped design and lead and that have established widely accepted rules of the road on such issues as freedom of navigation, transparency, dispute resolution, and trade. Retreating from these institutions provides short-term leeway and flexibility at the cost of long-term U.S. influence and allows Beijing to reshape norms and expand its own influence within those organizations." in practice, the biden administration has done exactly the opposite: #wto appellate body crisis not resolved, ustr abanded cross-border data flow negotiations. the lack of an international alignment strategy is one of the major weaknesses of US foreign policy. #trade #techcoldwar #geopolitics https://lnkd.in/ejmqnZM7
Competition Without Catastrophe
foreignaffairs.com
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Improving economic security via friendshoring will help update the core concepts of globalization for a more contested trading system, but the United States and Germany should avoid a narrow definition that would limit trade and investment only to other democracies. AGI President Jeff Rathke and VDMA President Karl Haeusgen propose how the transatlantic partners can improve economic security through friendshoring: https://lnkd.in/eK72SvnB
Friendshoring: A Sea Change for the Global Economy?
https://americangerman.institute
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💡 Michael Hudson: On finance, real estate and the powers of neoliberalism 💡 Michael Hudson discusses various topics in Geopolitics, Global Governance and Finance Structures including the Power Shift from the Global North to the Global South; the decline of U.S. global dominance (The Collapse of the U.S. Empire); and the rise of Global Alliances that are pushing back against U.S. hegemony and effectively creating a new global order. Unfiltered and unconstrained dialogue. Such viewpoints are essential in reshaping discussions in global affairs as well as self-liberation from oppressive frameworks such as Zionist and Capitalist Mainstream "Hasbara" Propagandistic Media. ___ About the Author: Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri-Kansas City. He is the author of Super-Imperialism: The Economic Strategy of American Empire (Editions 1968, 2003, 2021), ‘and forgive them their debts’ (2018), J is for Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others. ___ #anarchy #anarchism #freedom #socialism #multilateralism #multipolarity #diplomacy #usa #cuba #apartheidisrael #china #russia #BRICS #Liberation ___ We are all on a collective journey towards Decolonization, De-Globalization, and the dissolvement of all forms of capitalized state wealth consolidation { individual and collective corruption }. Thus the necessity of shifting towards #BRICS Multipolarity and Multilateralism, and actively shifting away from Collective Western Hegemony. ___ Copyright Disclaimer: Under Section 107 of the Copyright Act 1976, allowance is made for fair use for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. https://lnkd.in/dDMmJhRR
Michael Hudson
michael-hudson.com
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As the backlash to U.S. power and ideas forges ahead, the question is whether the existing international order will be sustained, with great power peace, global trade and some measure of international cooperation still in place — or whether we will return to the jungle of realpolitik.
Opinion | How to beat the backlash that threatens the liberal revolution
washingtonpost.com
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