Labor, Trade, & Finance
Burma’s Big Brother

Burma’s Big Brother

Over 70 percent of Burma’s FDI has come from China, largely for development projects in ethnic-minority regions. These projects, along with smaller initiatives worth millions if not billions of dollars more in undocumented investment, have now brought tensions in ethnic regions to a boiling point. In turn, such tensions have led to the breakdown of a handful of ceasefire agreements between ethnic armed groups and the government army, which, incidentally, receives the majority of its weaponry from China.

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America vs China in Africa

America vs China in Africa

China’s imminent replacement of the West as the dominant international economic and political force in Africa epitomizes the most dramatic shift in geopolitics since the collapse of the Soviet Union. Yet the United States and Europe, Africa’s traditional trading partners, seem incapable of responding to the challenge and retaking the initiative. Instead, their response has been to wring their hands in despair and make ineffectual noises about human rights and democracy.

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Brazil and Colombia: An Unexpected Alliance

“When they ask me, ‘What do you want to be when you’re big,’ I respond, ‘I want to be like Lula.’” The statement was not voiced by a progressive president of the region but by the most conservative of all: Juan Manuel Santos.

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Occupy Foreign Affairs

When Foreign Affairs puts inequality on its cover – and hosts a debate on the topic at the tony offices of the Council on Foreign Relations – the Occupy Wall Street movement has achieved a major victory that eclipses even the generally favorable coverage in liberal bastions such as The New York Times, The New York Review of Books, and The New Yorker. It’s also a sign that a profound anxiety gnaws at the foreign policy elite in this country. The question is: why are foreign policy mandarins suddenly so fretful? Or, put another way, why does Foreign Affairs want its readers to take this issue so seriously?

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The Modern Gold Rush

The Modern Gold Rush

In September of this year, the price of gold reached a record high, breaking $1,900 per ounce for the first time in history. This unprecedented spike in gold prices has come in the midst of the U.S. debt crisis and the financial turmoil sweeping over Europe. Although prices have tempered since then, hovering around $1,650 per ounce in October, the overall price of gold has more than quintupled over the past decade.

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Occupy APEC with Aloha

Occupy APEC with Aloha

“The time has come for us to voice our rage,” the Hawaiian artist Makana sang as he gently strummed his slack-key guitar. “Against the ones who’ve trapped us in a cage, to steal from us the value of our wage.”

Makana wasn’t serenading the Occupy movement; rather his audience included over a dozen of the world’s most powerful leaders, including President Obama and China’s Premier Hu Jintao, at the world’s most secure, policed, and fortified event: the Asia Pacific Economic Cooperation (APEC) dinner in Hawaii.

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China’s Looming Economic Crisis

China’s Looming Economic Crisis

China’s economy has been growing at a phenomenal pace in recent decades, averaging around 10 percent a year. Few people seemed to worry, therefore, when the Chinese government announced recently that GDP growth in the third quarter of 2011 slowed to “only” 9.1 percent. Almost any country in the world would envy such growth. Yet beneath the continued robust appearances, there are signs that China is heading toward a crash reminiscent of the one that brought down the U.S. economy during 2007-2008.

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