The New World Order is not turning out as planned. Instead of all power emanating from London and Washington, new power centres are emerging to the South and East: a new global equilibrium raises the possibility of a new post-imperial age of peace and equality between nations.
Posted by seumasach on May 12, 2011
David Gosset
13th May, 2011
See also:
Let’s build a strategic alliance with China!
The vast majority of discourses on China are characterized by at least one of the four following shortcomings, while some surprisingly narrow approaches combine all of them.
Posted in Multipolar world | Tagged: china and west | Leave a Comment »
Posted by seumasach on May 10, 2011
M.K.Bhadrakumar
10th May, 2011
Consultations by Chinese Foreign Minister Yang Jiechi in Moscow at the weekend were expected to prepare the ground for the visit by President Hu Jintao to Russia next month. In the event, however, they assumed a character of immense significance to international security.
Posted in Disband NATO!, Libya, Multipolar world | Tagged: SCO | Leave a Comment »
Posted by seumasach on May 7, 2011
Posted in Currency Wars, Libya | Tagged: gold dinar | Leave a Comment »
Posted by seumasach on April 29, 2011
23rd April, 2011
BEIJING, April 23 (Xinhua) — China should reduce its excessive foreign exchange reserves and further diversify its holdings, Tang Shuangning, chairman of China Everbright Group, said on Saturday.
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Posted by seumasach on April 29, 2011
M.K.Bhadrakumar
28th April, 2011
The latest issue of the New York Review of Books carries an incisive essay by Nobel laureate Amartya Sen on India’s political economy. Sen goes about it comparing the quality of life in China and India. Indians, of course, are so obsessed with catching up with China’s GDP growth that they overlook that the judicious yardstick ought to be how growth advances living standards and reduces poverty in the two countries. Sen gives a jolt to them.
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Posted by smeddum on April 28, 2011
28th April, 2011
Earlier this month the BRICS countries (Brazil, Russia, India, China, South Africa) agreed at their summit meeting in Sanya, China, to establish mutual lines of credit in local currencies. On the face of it, this is an innocuous effort by the world’s fastest growing countries to strengthen their mutual relationship . However, in the context of the emerging global power relations , this is yet another important step in the Chinese initiative to end the reign of the dollar as the world’s single reserve currency.
Posted in Currency Wars | Tagged: End of empire | Leave a Comment »
Posted by seumasach on April 17, 2011
14th April, 2011
The BRICS group of emerging-market powers kept up the pressure on Thursday for a revamped global monetary system that relies less on the dollar and for a louder voice in international financial institutions. Read the rest of this entry »
Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
Posted by seumasach on April 17, 2011
17th April, 2011
There are great opportunities for China to invest directly in the European Union. Regulatory approval systems in the EU are fair and transparent, relative to the United States. Chinese companies should increase their investment in Europe.
Posted in Financial crisis, Multipolar world | Tagged: China-EU cooperation | Leave a Comment »
Posted by seumasach on April 17, 2011
Liam Halligan
16th April, 2011
On Friday, at its latest summit in Washington, the G20 group of nations issued a communiqué. I don’t know why anyone bothered. The document was meaningless.
Posted in Currency Wars | Tagged: BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
Posted by seumasach on April 17, 2011
Michael Hudson
17th April, 2011
Large amounts of surplus dollars are pouring into the rest of the world.Central banks have recycled these dollar inflows towards the purchase of U.S. Treasury bonds, which serve to finance the federal U.S. budget deficit. Underlying this process is the military character of the U.S. payments deficit and the domestic federal budget deficit. Strange as it may seem and irrational as it would be in a more logical system of world diplomacy, the “dollar glut” is what finances America’s global military build-up. It forces foreign central banks to bear the costs of America’s expanding military empire: effective “taxation without representation”.
Posted in Currency Wars, Financial crisis | Leave a Comment »
Posted by seumasach on April 17, 2011
Posted in Libya, Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
In These New Times 