one-China policy

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pages: 223 words: 58,732

The Retreat of Western Liberalism by Edward Luce

3D printing, affirmative action, Airbnb, basic income, Berlin Wall, Bernie Sanders, Branko Milanovic, Bretton Woods, call centre, carried interest, centre right, cognitive dissonance, colonial exploitation, colonial rule, computer age, corporate raider, cuban missile crisis, currency manipulation / currency intervention, Dissolution of the Soviet Union, Doha Development Round, Donald Trump, double entry bookkeeping, Erik Brynjolfsson, European colonialism, everywhere but in the productivity statistics, Fall of the Berlin Wall, Francis Fukuyama: the end of history, future of work, George Santayana, gig economy, Gini coefficient, global supply chain, illegal immigration, imperial preference, income inequality, informal economy, Internet of things, Jaron Lanier, knowledge economy, liberal capitalism, Marc Andreessen, Mark Zuckerberg, Martin Wolf, mass immigration, means of production, Monroe Doctrine, moral panic, more computing power than Apollo, mutually assured destruction, new economy, New Urbanism, Norman Mailer, offshore financial centre, one-China policy, Peace of Westphalia, Peter Thiel, Plutocrats, plutocrats, precariat, purchasing power parity, reserve currency, Richard Florida, Robert Gordon, Ronald Reagan, Second Machine Age, self-driving car, sharing economy, Silicon Valley, Skype, Snapchat, software is eating the world, South China Sea, Steve Jobs, superstar cities, TaskRabbit, telepresence, The Wealth of Nations by Adam Smith, Thomas L Friedman, Tyler Cowen: Great Stagnation, universal basic income, unpaid internship, Washington Consensus, We are the 99%, We wanted flying cars, instead we got 140 characters, white flight, World Values Survey, Yogi Berra

.† Within days of defeating Hillary Clinton, President-Elect Trump threw down the gauntlet to China. Not only did he accept a congratulatory call from Taiwan’s president, in itself a provocative departure, he also threatened US recognition of Taiwanese independence as a bargaining chip in his coming trade showdown. To be sure, Washington’s foreign policy experts instantly grasped how reckless this was. Since 1979, America – and most of the rest of the world – has accepted the ‘One China’ policy that entailed exclusive recognition of China. But the rest of us were slow to pick up on its implications. This was Trump messing with his Twitter account, we reassured ourselves. The system will guide him to a safer place once he takes office. Even after Trump delivered the most incendiary inaugural address in US history we still reached for our comfort blankets. Though Trump escalated his ‘America first’ rhetoric, vowed America would ‘start winning again’, and promised to ‘protect our borders from the ravages of other countries’, we knew his wasn’t the true voice of America.

But the means with which the US would achieve this have continually had to adjust to the breathtaking speed of China’s rise. During the Clinton years, Washington’s assumption was that a growing China could easily be hedged. The biggest moment came in 1996, after China conducted a series of missile tests in the Taiwan Strait. China launched the tests after America had invited Lee Teng-hui, Taiwan’s president, to speak at Cornell University, which Beijing saw as an implicit weakening of America’s One China policy. China also suspected that Lee harboured separatist sympathies. Clinton promptly ordered two aircraft carrier groups into the region, one of which, under the USS Nimitz, patrolled the Taiwan Strait. It worked. China backed off and Lee won a thumping re-election later that year. Yet Clinton’s display of force also triggered unintended consequences. Drawing the obvious conclusions from its setback, China threw its energies into a military modernisation programme, buying ships and submarines from Russia and investing in a new generation of military technology.

., 149 media: exposure of Nixon, 131–2; fake news, 130, 148, 178–9; falling credibility in US, 130; in Russia, 129–31, 172–3; television, 84, 128, 129, 130 medicine and healthcare, 35, 36, 42, 58, 59, 60, 62, 102, 103, 198 Medvedev, Dimitry, 79 Meiji Restoration in Japan, 78 mercantilism, 78 ‘meritocracy’, 43, 44–6 Merkel, Angela, 15, 180 Mexico, 29, 114 Middle East, 181, 183 Middle East and North Africans (MENAs, US ethnic category), 95 Midland, Michigan, 194–5 migration, 41, 99–100, 196, 198; current crisis, 70, 100, 140, 180–1; and welfare systems, 101, 102 Milanovic, Branko, 31, 32, 33 Mill, John Stuart, 161, 162 Mineta, Norman, 134 Mitterrand, François, 90, 107 Modi, Narendra, 201 Moldova, Grape Revolution (2009), 79 Mongol China, 25 Monroe Doctrine (1823), 164–5 Moore, Barrington, 12 Morozov, Evgeny, The Net Delusion, 129 Mounk, Yascha, 68, 123 Müller, Jan-Werner, 90, 118, 139 multinational companies, 26–7, 69–70 multipolarity, 6–8, 70 Musharraf, Pervez, 80 Muslim Brotherhood in Egypt, 82 Napoleonic Wars, 156 Nathan, Andrew, 84 National Endowment for Democracy (NED), 82 National Front in France, 15, 102, 108–10 National Health Service, 102 nationalism: comeback of, 11, 97, 102, 108–9, 170, 174; and end of Cold War, 5; European, 10–11, 102, 108–9; and global trilemma, 72–3; Summers’ responsible nationalism, 71–2 Nato alliance, 135, 140, 179 Navarro, Peter, 149, 167, 180 Negroponte, Nicholas, 127 Netherlands, 102 New York, 49–50, 54 New Yorker, 35 Nixon, Richard, 131–2, 134 non-governmental organisations (NGOs), 85 North American Free Trade Agreement, 73 North Korea, 175 nuclear weapons, 5, 167, 174–6 Nuttall, Paul, 90 Obama, Barack: and AIIB, 84; and Arab Spring, 82; Asia pivot policy, 157, 160–1; election of (2008), 97; and financial sector, 193, 199; gay marriage issue, 188; gender identity order (2016), 187–8; on history’s long arc, 190; and Islam, 182; and nuclear weapons, 175–6; trip to China (2009), 159–60; US–Russia relations, 79; and world trade agreements, 73; ‘wrong side of history’ language, 187–8, 190 Occupy Wall Street, 139 oikophobia, 111–12, 117 Opium Wars, 23 Orbán, Viktor, 138–9, 181 Organization for Economic Cooperation and Development, 29 Orwell, George, 69, 128 Oxford University, 4 Paine, Thomas, 126 Pakistan, 175 Philippines, 61, 136–7, 138, 160, 202 Philosophy, Politics and Economics (PPE), 4 Plato, 137 politics in West: 1968 Democratic Convention, 188–9; decline of established parties, 88–90; declining faith in system, 8–9, 12, 14, 88–9, 98–100, 103–4, 119–23, 202–3; and disappearing growth, 13; falling voter turnout in UK, 99; left embraces personal liberation (1960s), 188–9; and ‘meritocracy’, 43–6; move rightwards of working classes, 95–9, 102, 108–10, 189–91, 194–5; and national identity, 71–3; privatising of risk since late 1970s, 191–3; responses to digital revolution, 52–4, 56–8, 59–61, 67–8; Third Way, 89–92; urban–hinterland split, 46–51, 119, 120, 130, 135; US political system, 131–6; voter disdain for elites, 14, 98–100, 110, 119 Pomerantsev, Peter, Nothing Is True and Everything Is Possible, 79, 130, 140, 172 populist right: ‘alt-right’ fringe, 97, 104; America First movement, 117; and automation, 67; cultural and economic anxieties, 190–6; Davos’s solution, 69, 70–1; in Europe, 139–40; Andrew Jackson’s election (1828), 113–14; and migration crisis, 181; as not democratic, 139; racism as not root cause, 97, 98, 100, 195; Republican Party dog whistles, 190; stealing of the left’s clothes, 103; ‘take back control’ as war cry, 190; and war against truth, 79, 86, 127, 128–31, 172–4, 178–9, 195–6; see also Putin, Vladimir; Trump, Donald Portugal, 77 Primakov, Yevgeny, 6 protectionism, 19–20, 73, 78, 149 Putin, Vladimir: 2012 presidential victory, 130; annexation of Crimea (2014), 8, 173; and fall of Soviet Union, 6; interference in Europe, 179, 180; and Islam, 182; mastery of diversion/confusion, 86, 129, 130–1, 137, 172–3; Medvedev succeeds (2008), 79; replaces Yeltsin as president, 78; Trump’s admiration for, 7, 129, 135; and Trump’s victory, 7, 12, 79; and US ‘war on terror’, 80; and US–China war scenario, 146–7, 152–3 Putnam, Robert, 38 Quadruple Alliance, 7 Quah, Danny, 21 race and ethnicity: and 2016 US Presidential election, 94, 95, 96–7, 98; and ‘identity liberalism’, 14, 96–8; majority-white backlash concept, 12, 14, 96, 102, 104; poor whites in USA, 95–6, 112–13; return of racial politics, 102, 103, 104; US classification data, 94–5; and welfare systems, 101, 102 racism, 97, 98, 99, 100–1, 104, 113–14, 195 Reagan, Ronald, 37 Reagan Democrats, 95, 189 Reeves, Richard, 44 Regional Comprehensive Economic Partnership, 167 remote intelligence, 13, 61–2 Renaissance, 24 Reuther, Walter, 66–7 the rich, 32–3, 50–1, 68, 197; Aristotle on, 200; loss of faith in democracy, 122–3; and rising inequality, 32–3, 43, 46; Trump’s support for, 193, 195, 196, 199–200 robot economy, 34, 51–5, 56, 60–2, 123 Rodrik, Dani, 72, 73 Rome, classical, 25, 128–9 Roosevelt, Eleanor, 10 Roosevelt, Franklin Delano, 128 Rousseau, Jean-Jacques, 126 RT (Russian state TV channel), 84, 85 Rubin, Robert, 71 Russia: conference on ‘polycentric world order’ (Moscow, 2016), 5–8; dissidents’ view of West, 140; expulsion of Western NGOs, 85; as failed democracy, 12, 78, 79, 82, 173; and fake news, 178; media in, 129–31, 172–3; metropolitan elites, 130; and multipolarity, 6–8; and nuclear weapons, 175; privatisation fire sale in, 79; reality-TV politics in, 79, 86, 129–31, 172–3; Revolution (1917), 115; and Trump, 7, 12, 79; and Washington Consensus, 29, 78–9; see also Putin, Vladimir; Soviet Union Sajadpour, Karim, 193, 194–5 Salazar, António de Oliveira, 77 San Bernardino massacre (2015), 182 San Francisco, 49 Sanders, Bernie, 92, 93 Santayana, George, 10 Saudi Arabia, 175, 182 Scandinavia, 43, 101, 197 Schröder, Gerhard, 90 Schwarzman, Stephen, 199–200 science, 72, 171, 172 Scopes Monkey trial, 111 Scruton, Roger, 111–12 Seattle world trade talks (1999), 73 Second World War, 116–17, 163, 169, 170–1 Sessions, Jeff, 151 Shanghai Cooperation Organization, 80 Shultz, George, 132 Shultz, Martin, 15 Singapore, 21 Sino-Indian war (1962), 166 slave trade, African, 23, 55, 56 Smith, Adam, The Theory of Moral Sentiments, 38–9 Social Darwinism, 162 social insurance systems, 42, 101–3, 191, 198 social media, 34, 39, 53, 54, 66, 67, 70, 178 Solow, Robert, 34 South America, 32 South China Sea, 147–8, 160–1 South Korea, 21, 29 Soviet Union, 80, 115, 130, 171, 174; collapse of, 6, 78, 168; see also Russia Spain, 43, 63, 77, 140 Stalin, Joseph, 128, 171 suburban crisis, 46–8 Summers, Lawrence, 71 Sun Tzu, 161 Surkov, Vladislav, 172–3 surveillance technologies, 68 Sweden, 101, 122 Taiwan, 145, 158, 164, 165, 166–7, 168; and US ‘One China’ policy, 145–6, 158; and US–China war scenario, 145, 151–3 Taiwan Strait, 152, 158 Task Rabbit, 63 taxation, 110, 198, 199–200 technology: age of electricity, 58–9; and globalisation, 55–6; leap forward (from 1870), 58–9; steam power, 24, 55–6; the telegraph, 127; as Trump’s friend, 131, 171; and utopian leaps of faith, 127–8; see also digital revolution television, 84, 128, 129, 130 tesobono crisis, Mexican (2005), 29 Thailand, 21, 82 Thatcher, Margaret, 189–90 Thiel, Peter, 34, 53 Thompson, E.P., 201 Thoreau, Henry David, 127–8 Thrower, Randolph, 132 Tillerson, Rex, 147–8, 161 Toil Index, 35–6 Trans-Pacific Trade Partnership, 73, 167 transport, 54, 55, 56–7, 58, 61; self-driving vehicles, 54, 57, 60, 68 Trump, Donald: admiration for Putin, 7, 129, 135; and America First movement, 117; autocratic/authoritarian nature of, 133, 169, 171, 178–9; Bannon as Surkov of, 173; Chinese view of, 85–6, 140; confusion as strategic goal, 79, 86, 127, 128, 130, 131, 173, 178–9, 195–6; foreign policy, 167–70, 178–80, 181–4; ignorance of how other countries think, 161, 167–9; inaugural address, 135, 146; Andrew Jackson comparisons, 113–14; and male voters, 57; as mortal threat to democracy, 97, 104, 111, 126, 133–6, 138, 139, 161, 169–70, 178–84, 203–4; and Muslim ban, 135, 181, 182; narcissism of, 170; need for new Mark Felt/Deep Throat, 136; and nuclear weapons, 175, 176; offers cure worse than the disease, 14, 181; plan to deport Mexican immigrants, 114, 135; poorly educated as base, 103, 123; promised border wall, 94–5; protectionism of, 19–20, 73, 149; and pro wrestling, 124; stealing of the left’s clothes, 101, 103; stoking of racism by, 97; support for plutocracy, 193, 195, 196, 199–200; and Taiwan, 145, 166–7, 168; targeting of Muslims, 135, 181–3, 195–6; and Twitter, 70, 146; and UFC, 126; urban–hinterland split in 2016 vote, 47–8, 119, 120, 130, 135; and US political system, 131, 133–5; US–China war scenario, 145–53, 161; victory in US presidential election, 5, 6–7, 11–12, 15, 28, 47–8, 79, 87, 96–8, 111, 120, 194–5 Trump: The Game (board game), 7 Tsai Ing-Wen, 151 Tunisia, 12, 82 Turkey, 12, 82, 137, 140, 175 Twitter, 34, 53, 70, 146 Uber, 63 UFC (Ultimate Fighting Championship), 125–6, 127 UK Independence Party (UKIP), 90, 98, 100, 101–2, 190; xenophobia during Brexit campaign, 100–1 Ukraine: Orange Revolution (2004), 79; Putin’s annexation of Crimea (2014), 8, 173 United States of America (USA): 1968 Democratic Convention, 188–9; 2016 presidential election, 5, 6–7, 11–12, 15, 28, 47–8, 79, 87–8, 91–8, 119, 130, 133, 135; 9/11 terrorist attacks, 79–80, 81, 182; America First movement, 117; civil rights victories (1960s), 190; ‘complacent classes’ in, 40; Constitution, 112–13, 163; and containment of China, 25–6, 145–6, 157–61, 165; decline of established parties, 89; declining hegemony of, 14, 21–2, 26–8, 140–1, 200–1; domestic terrorist attacks, 182, 183; elite–heartland divide, 47–8, 119, 130, 135; foreign policy since WW2, 183–4; gig economy, 63–5; gilded age, 42–3; growth after 2008 crisis, 30–1; growth of inequality in modern era, 43, 44–8, 49, 50–1; history in popular imagination, 163; Lend-Lease aid to Britain, 169; middle-income problem in, 35–41; Monroe Doctrine (1823), 164–5; murder rate in suburbs, 47; nineteenth-century migration to, 41; Operation Iraqi Freedom, 8, 81, 85, 156; opioid-heroin epidemic, 37–8; Patriot Act, 80; political system, 112–13, 131–6, 163; post-Cold War triumphalism, 6, 71; primacy in Asia Pacific, 26, 157, 160–1; racial/ethnic make-up of, 94–6; relations with Soviet Union see Cold War; relative decline of, 170; ‘reverse white flight’ in, 46; technological leap forward (from 1870), 58–9; vanishing class mobility in, 43–6; ‘war on terror’, 80–1, 140, 183; Washington’s ‘deep state’, 133–4 Universal Basic Income (UBI) proposals, 196–7 Universal Declaration of Human Rights, 8–9, 10 Vance, J.D., 108 Venezuela, 82 Versailles Conference (1919), 154 Vienna, Congress of (1814–15), 7 Vietnam, 166 Wallace, George, 113 Walters, Johnnie M., 132 ‘war on terror’, US, 80–1, 140, 183 Warsh, Kevin, 150 Washington Consensus, 29–30, 71, 77, 78–9, 158–9 Washington Post, 132 Weber, Max, 162 welfare systems, 42, 101–3, 191, 198 Western thought: on China, 158–9, 161–2; conceit of primacy of, 4–5, 8–9, 85, 158–9, 162; declining influence of, 200–1; idea of progress, 4, 8, 11–12, 37; modernity concept, 24, 162; non-Western influences on, 24–5; see also democracy, liberal; liberalism, Western WhatsApp, 54 White, Hugh, 25, 158 Wilders, Geert, 102 Wilentz, Sean, 114 Williamson, John, 29 Wilson, Woodrow, 115 Woodward, Bob, 132 Wordsworth, William, 3 World Bank, 84 World Trade Organization (WTO), 26, 72, 149, 150 Wright, Thomas, 180 WWE (World Wrestling Entertainment), 124–5 Xi Jinping, 19–20, 26, 27, 146, 149, 168, 170; and US–China war scenario, 150, 152 Yellen, Janet, 150 Yeltsin, Boris, 78, 79 Young, Michael, 45–6 YouTube, 54 Zakaria, Fareed, 13, 119

pages: 651 words: 135,818

China into Africa: trade, aid, and influence by Robert I. Rotberg


barriers to entry, BRICs, colonial rule, corporate governance, Deng Xiaoping, energy security, European colonialism, failed state, global supply chain, global value chain, income inequality, Khartoum Gordon, labour market flexibility, land reform, megacity, microcredit, offshore financial centre, one-China policy, out of africa, Pearl River Delta, profit maximization, purchasing power parity, RAND corporation, Scramble for Africa, South China Sea, special economic zone, structural adjustment programs, trade route, Washington Consensus, zero-sum game

This was interpreted by many observers as a clear indication of the importance China attributed to its relations with Zambia. During his visit, Hu announced a package of measures designed to further boost bilateral relations, including debt relief, an expansion of Zambian tariff-free exports to China, and the establishment of China’s first special economic and trade zone, in the Chambishi mining area.15 Zambia, in turn, promised to continue to back the one-China policy and to oppose “Taiwanese independence” in any form.16 Behind the usual rhetoric, the most important announcement was the establishment of the SEZs in Chambishi, the heart of Zambia’s Copperbelt region. The Copperbelt is a commodity-rich, strategic center of the African 07-7561-4 ch7.qxd 9/16/08 4:17 PM Page 144 144 martyn j. davies mining industry. Not only does China seek to secure a supply line of copper from the SEZ, but other commodities are also plentiful in the region, including cobalt, diamonds, tin, and uranium.

As Taiwan transitioned to democracy in the mid-1980s, its political leadership decided to take advantage of the shock caused by Beijing’s 1989 crackdown at Tiananmen Square to reinvigorate its “dollar diplomacy.”40 Beginning in 1989, five countries reestablished relations with Taiwan (Belize, Central African Republic [CAR], Grenada, Liberia, and Lesotho). China responded by breaking diplomatic relations, in accord with its strict “one-China” policy. Within months, these five countries were enjoying generous new aid projects. Taiwan also promised to complete any unfinished Chinese projects. African countries that switched back to Taiwan over the past decade and a half also include Burkina Faso, Chad, the Gambia, Guinea-Bissau, Niger, São Tomé and Príncipe, and Senegal (CAR switched between Beijing and Taipei four times before January 1998).

.- Niger Delta, 168; insurgency in, 277, China collaboration and, 308–09 281, 291, 308; Movement for the Noninterference doctrine, 7, 36, 55, 80, Emanicpation of, 178 130, 307; as Chinese foreign policy Nigeria, 6, 54, 272–93; apparel and, 107; philosophy, 56; Chinese support of, attacks against Chinese in, 178–79; 298; as CPC-ID principle, 232–33; balance of power and, 289–90; human rights abuses and, 264; polit- Cameroon conflict and, 175; as case ical outreach and, 236; in Sudan, study, 272–73; China model and, 305; in Zimbabwe, 37 287–89; China relationship and, North America, 102 274–78; Chinese goods in, 11; Chi- North China Sea Fleet, 180 nese immigrants in, 272, 280–82, North Korea, 17, 260; foreign aid and, 286–87, 292–93; Chinese technology 198 in, 35–36; Confucius Institutes in, North-South War (Sudan), 257–59, 304 29; corruption and, 301; debt relief Norwegian Initiative on Small Arms and, 302; FDI and, 106; geographic Transfers, 163 concentration and, 100–01; human Nyerere, Julius, 83, 146, 158, 273 rights and, 13, 290–93; light crude oil and, 115; market survey data, Obasanjo, Olusegun, 274–75, 290, 376; 282–86; military assistance and, 161, textile industry and, 280 167–68, 183; multinational invest- Obiorah, Ndubisi, 11, 272 ment and, 117; national security and, Official development assistance (ODA), 155; ODA and, 213; oil and, 4–5, 208–09; Chinese concessional loans 115, 118, 250; resentment of Chinese and, 222–23, 225–26, 227; estimating in, 279–81; SEZs and, 140, 147–48, amounts of, 210; West and, 213 151 Offshore exploration, 113 Nigerian Association of Chambers of Ogaden National Liberation Front, 179 Commerce, Industry, Mines, and Ogun State, Nigeria, 148 Agriculture, 275 Ohio University, 281 Nigerian Communications Commis- Oil, 88–89, 109–13, 110, 278; elites and, sion, 275 292; FDI and, 103–04; geographic Nigerian National Petroleum Company, concentration of trade and, 100; gov- 116 ernment management of, 114–18; Nigerian Telephony Project, 275 government-to-government assis- Nigeria Textile Manufacturers Associa- tance and, 109; human rights and, tion, 279 251, 254, 256; naval strategy and, Nnamani, Ken, 289 182; Nigeria and, 272, 275, 277–78, 16-7561-4 index.qxd 9/16/08 4:25 PM Page 333 Index 333 279, 281, 289; product distribution Peacekeeping operations, 176–78, 306; and, 99; refineries for, 250, 277–78; China and, 308; Sudan and, 257, 266 Sudan and, 256–57, 264; US-China Pearl River Delta, 138 relations and, 304–05; Zimbabwe People’s Daily (newspaper), 220, 225 and, 262 People’s Liberation Army (PLA), 162, Olympics, Beijing (2008), 2, 13, 68, 130, 165–67; naval strategy and, 184; 266; Darfur and, 12–13 South Africa and, 169; Zambia and, ONCC Videsh, 120 173; Zimbabwe and, 174–75 One-China policy, 211; Zambia and, Persian Gulf, 181, 184 143 Petrobras, 122 One-party states, 238–39, 242, 287 Petrodar, 257 Operation Gukurahundi, 260 Petronas, 256 Operation Murambatsvina, 260–61, 263 Political outreach, 230–43; cadre train- Opposition parties, 233, 235, 239–41, ing as, 237–38; under the CPC-ID, 242; CPC-ID strategy and, 238; in 232–35; as foreign policy, 230, Zimbabwe, 260–61 242–43; hospitality as, 235–37; infor- Organization for Economic Coopera- mation management as, 238; tion and Development (OECD), 208, National People’s Congress and, 302, 308; amount of Chinese foreign 241–42; to opposition parties, aid and, 210–11; ODA and, 213; soft 239–41; revolutionary ideology and, power and, 212 230–32 Organization for Petroleum Exporting Political parties, 230–43, 273; begin- Countries (OPEC), 118, 198 nings of outreach between, 230–32; Organization of African Unity, 156 opposition parties, 239–41; outreach Organization of European Cooperation in modern era, 232–35; outreach and Development, 9 methods and, 235–38; overview of Oshodi market, 281 outreach to, 242–43; visits by leaders, Ottawa Landmine Convention, 178 235–37 Poly Technology, 167 Pakistan, 165; foreign aid and, 199; Popular Movement for the Liberation of naval strategy and, 181–82; SEZs Angola (MPLA), 117–18, 157, 231, and, 140 238; military assistance and, 159 Pan-Africanist Congress, 156, 231 Port Harcourt, Nigeria, 179, 281 Paramilitaries, 254–55 Port Sudan, Sudan, 171 Pariah states, 263, 265 Portugal, 67, 116–17, 213 Paris Club debt, 277 Postcolonialism, 81–83, 298 Parliamentary exchanges, 241–42 Poverty, 288, 300, 307; China model Partido Frelimo, 23 and, 292, 298; conditional assistance Party of the Revolution (Chama Cha and, 288; elites and, 292; United Mapinduzi) (Tanzania), 237 States and, 304; in Zimbabwe, 260 Patel, Dipak, 72 Preferential loans.

pages: 381 words: 101,559

Currency Wars: The Making of the Next Gobal Crisis by James Rickards


Asian financial crisis, bank run, Benoit Mandelbrot, Berlin Wall, Big bang: deregulation of the City of London, Black Swan, borderless world, Bretton Woods, BRICs, British Empire, business climate, capital controls, Carmen Reinhart, Cass Sunstein, collateralized debt obligation, complexity theory, corporate governance, Credit Default Swap, credit default swaps / collateralized debt obligations, currency manipulation / currency intervention, currency peg, Daniel Kahneman / Amos Tversky, Deng Xiaoping, diversification, diversified portfolio, Fall of the Berlin Wall, family office, financial innovation, floating exchange rates, full employment, game design, German hyperinflation, Gini coefficient, global rebalancing, global reserve currency, high net worth, income inequality, interest rate derivative, John Meriwether, Kenneth Rogoff, labour mobility, laissez-faire capitalism, liquidity trap, Long Term Capital Management, mandelbrot fractal, margin call, market bubble, Mexican peso crisis / tequila crisis, money market fund, money: store of value / unit of account / medium of exchange, Myron Scholes, Network effects, New Journalism, Nixon shock, offshore financial centre, oil shock, one-China policy, open economy, paradox of thrift, Paul Samuelson, price mechanism, price stability, private sector deleveraging, quantitative easing, race to the bottom, RAND corporation, rent-seeking, reserve currency, Ronald Reagan, sovereign wealth fund, special drawing rights, special economic zone, The Myth of the Rational Market, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, Thomas Kuhn: the structure of scientific revolutions, time value of money, too big to fail, value at risk, War on Poverty, Washington Consensus, zero-sum game

The U.S. cell was composed entirely of academics, think-tankers and uniformed military, and had no market experience at all, so I had to assume they just didn’t get it when it came to an assault on the dollar. Like most experts I’d spoken to, they probably assumed the dollar would always remain dominant and did not think much about alternative scenarios. * * * [conditioned or contingent?] * * * We set about preparing our responses to the problem at hand. China reiterated its “One China” policy and warned other nations not to support the Taiwanese initiative. Japan tried to promote an Asian Free Trade Area that would welcome both China and Taiwan as a way to obviate their divisions. The United States emphasized military cooperation with Taiwan but urged that such cooperation in the future would be conditioned on Taiwan’s reducing its confrontational stance. Only Russia continued to play the alternative currency wild card by trying to woo OPEC members in the gray cell to join its gold plan and by suggesting to China that it would be more inclined to take their side in the Taiwan dispute if China supported the new currency.

Executive Orders by Tom Clancy


affirmative action, Ayatollah Khomeini, card file, defense in depth, Dissolution of the Soviet Union, experimental subject, financial independence, friendly fire, Monroe Doctrine, one-China policy, out of africa, Own Your Own Home, Plutocrats, plutocrats, rolodex, South China Sea, trade route

.” “Sam, I will say this one last time: I will never, not ever, discuss intelligence matters. I am here this morning to inform our citizens of a tragic and so far unexplained incident in which over a hundred people, including fourteen American citizens, have lost their lives. This government will do its utmost to determine what took place, and then to decide upon a proper course of action.” “Very well, Mr. President. Do we have a one-China policy, or a two-China policy?” “We have made no changes.” “Might a change result from this incident?” “I will not speculate on something so important as that. And now, with your permission, I have to get back to work.” “Thank you, Mr. President!” Jack heard on his way out the door. Just around the corner was a well-hidden gun cabinet. POTUS slammed it with his hand hard enough to rattle a few of the Uzis inside.

“We need that if we're going to be much use on the SNIE,” Rutledge pointed out. He really wanted that document. With it, Ed Kealty could prove that Ryan was up to his old tricks, playing secret agent man, and even suborning Scott Adler into doing the same. It was out there somewhere, the key to destroying Ryan's political legitimacy. He was dodging and counterpunching well, doubtless due to Arnie van Damm's coaching, but his gaffe yesterday on China policy had sent rumbles throughout the building. Like many people at State, he wished that Taiwan would just go away, and enable America to get on with the business of conducting normal relations with the world's newest superpower. “One thing at a time, Cliff.” The meeting returned to the China issue. By mutual consent, it was decided that the UIR problem was on the back burner for the next few days.

Then had come more reform, the supposed changeover from Marxism to something else, another student revolution-this one against the existing political system-arrogantly cut down with tanks and machine guns on global television. Despite all that, the rest of the world was entirely willing to let the People's Republic crush their cousins on Taiwan. This was called realpolitik, Scott Adler thought. Something similar had resulted in an event called the Holocaust, an event his father had survived, with a number tattooed on his forearm to prove it. Even his own country officially had a one-China policy, though the unspoken codicil was that the PRC would not attack the ROC-and if it did, then America might just react. Or might not. Adler was a career diplomat, a graduate of Cornell and the Fletcher School of Law and Diplomacy at Tufts University. He loved his country. He was often an instrument of his country's policy, and now found himself to be his country's very voice of international affairs.

pages: 666 words: 181,495

In the Plex: How Google Thinks, Works, and Shapes Our Lives by Steven Levy


23andMe, AltaVista, Anne Wojcicki, Apple's 1984 Super Bowl advert, autonomous vehicles, book scanning, Brewster Kahle, Burning Man, business process, clean water, cloud computing, crowdsourcing, Dean Kamen, discounted cash flows, don't be evil, Donald Knuth, Douglas Engelbart, Douglas Engelbart, El Camino Real, fault tolerance, Firefox, Gerard Salton, Gerard Salton, Google bus, Google Chrome, Google Earth, Googley, HyperCard, hypertext link, IBM and the Holocaust, informal economy, information retrieval, Internet Archive, Jeff Bezos, John Markoff, Kevin Kelly, Mark Zuckerberg, Menlo Park, one-China policy, optical character recognition, PageRank, Paul Buchheit, Potemkin village, prediction markets, recommendation engine, risk tolerance, Rubik’s Cube, Sand Hill Road, Saturday Night Live, search inside the book, second-price auction, selection bias, Silicon Valley, skunkworks, Skype, slashdot, social graph, social software, social web, spectrum auction, speech recognition, statistical model, Steve Ballmer, Steve Jobs, Steven Levy, Ted Nelson, telemarketer, trade route, traveling salesman, turn-by-turn navigation, Vannevar Bush, web application, WikiLeaks, Y Combinator

“Before us people didn’t even have a clue to what that means for search to be transparent, to be balanced, to be fair,” says Liu. “The reason that the government is so uncomfortable with us is that we are pushing our philosophy and making progress.” But for all the progress, some Google executives were beginning to think that its great China compromise wasn’t working. Though not formally organized, they consisted of a rump group of skeptics on China policy, and they looked ahead to a day when Google would no longer censor its search engine there—or leave the country. A turning point came in 2008, the year China hosted the Olympics. In the run-up to its turn in the international spotlight, China apparently decided to increase its restrictions. It demanded that in addition to censoring the .cn results, Google purge objectionable links from the Chinese-language version of

pages: 859 words: 204,092

When China Rules the World: The End of the Western World and the Rise of the Middle Kingdom by Martin Jacques


Admiral Zheng, Asian financial crisis, Berlin Wall, Bob Geldof, Bretton Woods, BRICs, British Empire, credit crunch, Dava Sobel, deindustrialization, Deng Xiaoping, deskilling, discovery of the americas, Doha Development Round, energy security, European colonialism, failed state, Fall of the Berlin Wall, Francis Fukuyama: the end of history, global reserve currency, global supply chain, illegal immigration, income per capita, invention of gunpowder, James Watt: steam engine, joint-stock company, Kenneth Rogoff, land reform, land tenure, Malacca Straits, Martin Wolf, Naomi Klein, new economy, New Urbanism, one-China policy, open economy, Pearl River Delta, pension reform, price stability, purchasing power parity, reserve currency, rising living standards, Ronald Reagan, Scramble for Africa, Silicon Valley, South China Sea, sovereign wealth fund, special drawing rights, special economic zone, spinning jenny, Spread Networks laid a new fibre optics cable between New York and Chicago, the scientific method, Thomas L Friedman, trade liberalization, urban planning, Washington Consensus, Westphalian system, Xiaogang Anhui farmers, zero-sum game

But China’s ultimate objective, namely reunification, has proved beyond reach because the Taiwanese themselves have remained firmly opposed to it, with the tacit support of the Americans. Indeed, China’s hopes were to be thwarted by a most unexpected development, a growing sense of Taiwanese identity culminating in the electoral defeat of the Kuomintang (KMT), which, in principle at least, had always supported a one-China policy, and the victory of the pro-independence Democratic Progressive Party (DPP). After the election of the DPP’s Chen Shui-bian as president in 2000, Taiwan pursued a policy of desinicization and increasingly assertive nationalism. This happened to coincide with growing economic interdependence between China and Taiwan, which, though resisted for a period by Chen and his predecessor as president, Lee Teng-hui,116 has accelerated to the point where, by 2003, half of the top 1,000 Taiwanese firms, including all the major computer companies, had invested in the mainland, usually in manufacturing subsidiaries.

pages: 568 words: 174,089

The Power Elite by C. Wright Mills, Alan Wolfe

affirmative action, Albert Einstein, anti-communist, Asilomar, collective bargaining, creative destruction, cuban missile crisis, desegregation, full employment, Joseph Schumpeter, long peace, means of production, Monroe Doctrine, one-China policy, Plutocrats, plutocrats, profit motive, Ralph Waldo Emerson, Ronald Reagan, Simon Kuznets, Thorstein Veblen, Vilfredo Pareto

And that’s the way I like to think in these investigations.’22 There were many men who ‘wouldn’t fit behind a tree’ with policeman McLeod, and among many Foreign Service officers who still held their positions ‘the impression grew that it wasn’t safe to report the truth to Washington about any foreign situation when the truth didn’t jibe with the preconceived notions of the people in Washington.’*23 Following a long list of men already dismissed for reasons of ‘loyalty,’ in the fall of 1954, a career diplomat of twenty-three years service, John Paton Davies, was dismissed not on the grounds of loyalty, but because of ‘lack of judgment, discretion and reliability’; his opinions on China policy ten years previously not jibing with the current administration policy.25 The comments on this case by career men expressed their state of mind. A recent member of the Policy Planning Staff of the State Department wrote: ‘One hopes that the American public will see at last that the word “security” has become a euphemism. It covers the primitive political drive of the last five years to eliminate intellectual and moral distinction from the Government service, and to staff the Government instead with political good fellows who cannot be suspected of superiority.