Project Syndicate - 5 Apr 2018
Yes! The Nobel laureate offers an intriguing response to one of today’s most fundamental questions. In his view, Western governments have for decades protected incumbent firms at the expense of new market entrants. As more and more Chinese companies are realizing that they must innovate in order to get – and stay – ahead in the global economy, he argues, the West urgently needs to change course, or risk being left behind (reads in 5-6 min).
Published in Weekly selection 7 April 2018
The New Yorker - 8 Jan 2018
In an unfamiliar moment, China’s pursuit of a larger role in the world coincides with America’s pursuit of a smaller one: as Donald Trump surrenders America’s global commitments, Xi Jinping is learning to pick up the pieces. In the age of “America First,” the time for China to project its own values abroad has come far sooner than expected. A must read to understand how the relations between the two countries, and between each and the rest of the world, might evolve (reads in 15-18 min).
Published in Weekly selection 5 January 2018
Foreign Policy - metered paywall - 26 Oct 2017
The Chinese government is taking quiet steps to bring Saudi Arabia’s hydrocarbon reserves firmly into its orbit. It has already expressed interest in a direct purchase of 5% of Saudi Aramco, and will want oil to be traded in yuan. This is a long-term game that will in turn increase global demand for yuan-denominated assets. The dollar’s monopoly on major oil sales may loosen gradually - and then suddenly (reads in 7-9 min).
Published in Weekly selection 27 October 2017