Regions / China

Chain-Gang Economics

China and the United States are sustaining the global economy. But as FPIF columnist Walden Bello points out, this linked relationship is part of the problem, not part of the solution.
It is customary early in the New Year to recommend good books to read. And the "Tao Te Ching" should be at the top of President Bush's list. Careening from crisis to crisis with approval ratings drooping, the president should consider the opening lines of chapter 80. "If a country is governed wisely, its inhabitants will be content."
In the U.S. the attractions of missile defense endure, fueled most recently by the apparent Gulf War successes of the Patriot missiles and by perceived threats of long-range missile launches by so-called “rogue” states.
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