Saturday, April 26

Globalization, Global Disintegration

Leaders at Digital G20 Summit Pledge Global Cooperation
24Nov By Patti MohrNo Comments
Diplomacy, Globalization, Global Disintegration, Types of News: Analysis

Leaders at Digital G20 Summit Pledge Global Cooperation

Nov. 24, 2020--The overriding theme at this year's G20 Summit was cooperation, not only on controlling the global pandemic but also a vast array of economic and social issues. Japan's Prime Minister Yoshihide Suga promised to "lead international society in realizing a decarbonized world" to address climate change, while Chinese President Xi Jinping called for cooperation on trade, low tariffs and a global governance system for the digital economy. Meanwhile, Saudi Arabia's Crown Prince Mohammed Bin Salman, the host, praised the governments for injecting over $11 trillion into the global economy and providing debt relief to the most vulnerable countries. Lengthy List of Goals Overall, the final Leaders Declaration addresses the following: the digital economy, trade and investme...
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China Aims to Upend And Amend World Order, U.S. State Dept Says
20Nov By Patti MohrNo Comments
Communism, Dictatorship, Diplomacy, Geopolitics, Globalization, Global Disintegration, Political Systems, Domestic Politics, Types of News: Brief

China Aims to Upend And Amend World Order, U.S. State Dept Says

Nov. 20, 2020--The Chinese Communist Party intends to create a new world order serving authoritarian goals and nationalistic ambitions, according to a newly released report by the U.S. State Department. 'New Great Power Competition' The 74-page report asserted that China's ambition of revising the world order is triggering "a new era of great-power competition." Specifically, the State Department said that China plans to influence every region of the world with its economic power and reform international organizations from the inside out. As it does, it is increasingly reshaping the world with its authoritarian model, the report said. That puts that current world order -- one founded on free and sovereign nation-states -- that advances U.S. national interests, according to the...
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Global Trade Shows Signs of a Comeback; US Trade Deficit Hits a High in August
7Oct By Patti MohrNo Comments
Global Trade, Globalization, Global Disintegration, Types of News: Brief

Global Trade Shows Signs of a Comeback; US Trade Deficit Hits a High in August

October 7, 2020-After months of a sharp decline in global trade, signs are beginning to emerge that trade and economic activity are starting to pick up, according to the World Trade Organization. One indication, for example, comes from purchasing orders by business managers. They show a sharp rebound in August after reaching record lows earlier this year. For specific numbers, look to the WTO's review of data from JP Morgan and IHS Markit. It shows the manufacturing index climbing back to its norm of 50 after a drop to 27 in April while the service sector hovered around 47., moving closer to its trend after a dip to 21.8. Sector Specific Some sectors were hit harder by the pandemic this year than others. Looking at the second quarter of the year, global trade in agriculture p...
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As US-China Digital Battle Begins, Global Tech Firm Tencent Holdings Hires U.S. Lobbyist
18Aug By Patti MohrNo Comments
Big Tech, Digital Economy, Globalization, Global Disintegration, Types of News: Brief, United States

As US-China Digital Battle Begins, Global Tech Firm Tencent Holdings Hires U.S. Lobbyist

August 18, 2020--As the United States and China begin to battle over the use digital technologies by consumers, Tencent Holdings, a Chinese-based multinational technology company that owns the social media app WeChat, hired a law firm to lobby the U.S. government. Paul, Weiss, Rifkind, Wharton & Garrison a global law firm headquartered in New York, filed a lobbying disclosure filed on August 7 with the Senate. According to the disclosure, the firm intends to represent Tencent, its largest shareholder Naspers Limited, and WeChat in the areas of consumer issues/safety/protection, media and trade. The firm's chief lobbyist on behalf of Tencent is Roberto Gonzalez, an attorney specializing in high-stake litigation, economic sanctions and export controls. Gonzalez has held senior posi...
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Shocks Disrupt Global Supply Chains, But Firms May Keep Manufacturing in China
17Aug By Patti MohrNo Comments
Global Trade, Globalization, Global Disintegration, Types of News: Brief

Shocks Disrupt Global Supply Chains, But Firms May Keep Manufacturing in China

August 17, 2020--Multinational companies that use complex global supply chains to produce their products might shift as much as a quarter of their production to new countries in the next five years, according to the McKinsey Global Institute. It's not the end of globalization, but "an opportunity to reinvent it," the business think tank says. Disruptions from Shocks Shocks such as COVID-19, political instability, cyberattacks, financial crises, and extreme weather due to climate change are impacting trade flows and disrupting production facilities around the world. According to a report released by McKinsey this month, shocks are rising and imposing greater risks to global companies. "Intricate production networks were designed for efficiency, cost, and proximity to markets b...
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U.S. Ramps Up Case Against China on Virus Outbreak, Cover-Up
7May By Patti MohrNo Comments
Globalization, Global Disintegration, Organizations, IMF, WTO, G7, Types of News: Bit

U.S. Ramps Up Case Against China on Virus Outbreak, Cover-Up

May 7, 2020—With the key question unresolved about how the COVID-19 virus emerged in Wuhan, China, diplomatic relations between China and the United States as well as other Western governments have ruptured, perhaps permanently. Funding Pulled The U.S. government stopped funding a line of research funding that fostered collaboration between U.S. scientists and those in Wuhan, China. The National Institutes of Health research project received $3.38 million over six years. It was a small part of its overall budget. (For perspective, in 2019, total NIH awards/grants were $28 billion.) But it was still a lot in terms of funding. The project proposed to understand the risk of bat coronavirus that poses "a significant threat to global health and food security." It came in the wake o...
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COVID-19, From Bats to Humans: Examining the Wuhan Connection
17Apr By Patti MohrNo Comments
Communism, Dictatorship, Globalization, Global Disintegration, Organizations, IMF, WTO, G7, Types of News: Analysis

COVID-19, From Bats to Humans: Examining the Wuhan Connection

April 17, 2020--A great and tragic mystery of 2020 is the origin of the COVID-19 virus that is sweeping the world with sickness and death. Some researchers point to a seafood market in Wuhan. Others say it could have started in a Chinese lab in Wuhan. Most certainly, it came from bats. But how did it jump to humans? From Wuhan to the World To date, the COVID-19 virus that has infected over 2 million people worldwide and killed 149,000 people. Of the first 309 confirmed cases in China, 270 cases were confirmed in Wuhan. Of the first 41 patients hospitalized in Wuhan with the virus, 27 of them, 66 percent, had a connection to a food and wild animal market. Wholesale Food Market As early as December 2019, reports from China pointed to the connection to the Huanan Seafood Wholes...
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GUEST POST: Yes, Virginia, China Is Exporting Its Model
23Jan By Guest WriterNo Comments
Communism, Dictatorship, Globalization, Global Disintegration, Type of News: Guest Post

GUEST POST: Yes, Virginia, China Is Exporting Its Model

By Elizabeth C. Economy In December, I took part in a debate at CSIS on the topic of whether China seeks to export its development model.  For me, the answer to this question is self-evident: of course it does. Yet as I prepared for the debate, I quickly realized that many thoughtful colleagues have argued the opposite. So, in the interest of spurring further discussion and debate, I thought I would lay out in written form the why’s and wherefore’s of my case. (There is significant disagreement around what, precisely, constitutes the China model, but in this debate, the China model was broadly understood as a variant of authoritarian capitalism.) To begin with, China seeks to export its development model because Xi Jinping wants to do so. In numerous speeches, beginning at leas...
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Senate Panel Focuses on Crime-Related Migration at US-Mexico Border
13Nov By Patti MohrNo Comments
Corruption, Bribes, Illicit Finance & Money Laundering, Human rights, Migration, Immigration, Borders, Types of News: Brief

Senate Panel Focuses on Crime-Related Migration at US-Mexico Border

October 13, 2019--A Senate committee examining migration at the U.S.-Mexico border on Wednesday focused largely on crimes, such as child exploitation, drug trafficking and human smuggling. With just under a million cases of immigrants entering the U.S. border in the fiscal year 2019, the U.S. justice system of processing and detaining immigrants is overwhelmed, U.S. officials reported. Child Pawns Of primary concern are children who are used as human pawns for individuals seeking to enter the United States illegally. According to Mark Morgan, the acting commissioner of the U.S. Customs and Border Protection, human smugglers use children as a "money-making commodity" by selling or renting them to migrants. "We know children are being rented and recycled and presented as fake fa...
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EU Allows UK Extension on Brexit
28Oct By Patti MohrNo Comments
Europe, EU, Eurozone, Globalization, Global Disintegration, Types of News: Brief

EU Allows UK Extension on Brexit

October 28, 2019-The European Union agreed to allow the United Kingdom to extend its plan to leave the customs union as late as January 31, 2020. That means that despite British Prime Minister Boris Johnson's pledge to take the U.K. out of the EU "do-or-die" by October 31, it is not going to happen. Donald Tusk, president of the European Council, said on Twitter he plans to formalize the extension for Brexit in a written procedure. The costs of a no-deal Brexit would have meant economic disruptions, food and fuel shortages, price spikes and blockages in ports and roads. Johnson had negotiated a new withdrawal agreement with the EU, but he was unable to win the support of the British parliament for the plan. Johnson has called for national elections to be held December 12. "...
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