In the beginning of October 1949, the bloody Chinese Civil War was nearing its end, and Mao Zedong had proudly declared the foundation of the People’s Republic of China (PRC). With the Nationalists defeated, the Chinese Communist Party (CCP) could now focus on its aims on fully reuniting the country and instituting socialism. The disastrous effects of the latter aim are well-known.Read more ›
Post Tagged with: "china"
China’s awe-inspiring economic growth over the past three decades has inspired envy, emulation, and animosity all over the world. As I have argued before, I think that China will be a major global player in this century and that its influence will increase over time. But as we learned the hard way in 2008, no matter how smooth an economic course may seem, there are, inevitably, unforeseen problems.Read more ›
On December 17, 2011, North Korea lost Kim Jong-il – its “Dear Leader” – to a heart attack. Without missing a beat, North Korea’s state-run media anointed his third son Kim Jong-un as the “Great Successor” and placed the fate of the North Korean people squarely in his 28-year-old hands. One look at North Korea’s pudgy new protagonist is enough to make me worry not only about the fate of the North Korean people, but about the future security of the East Asian region as a whole.Read more ›
At the recent Asia-Pacific Economic Cooperation (APEC) Summit in Honolulu, President Obama continued his march towards massive free trade expansion, and the most prominent headlines from the summit had to do with a the radical new proposal for a mega free trade area—the Trans-Pacific Strategic Economic Partnership (TPP).Read more ›