November, 2016 Global

Globalization’s second wave


Laurence Chandy Fellow - Global Economy and Development, Development Assistance and Governance Initiative
Brina Seidel Research Assistant - Global Economy and Development, The Brookings Institution

After two decades defined by growing integration, the global economy appears to be at an inflection point. This judgment has been prompted both by structural changes in the global economy, especially since the Great Recession, and political events over the past year illustrative of a backlash against past integration. Following one such event—the U.K.’s Brexit vote in June—The Economist magazine reported, in a funereal tone, that globalization now seems to be receding, inspiring comparisons with the rise and fall of globalization a century ago.[1]

Fake News

 By Finian Cunningham

 "Information Clearing House" - "Sputnik" - You really know that masses of people are living within a mind-control matrix when the greatest, most pervasive purveyors of fake news denounce others for the practice. And yet they do so without the slightest hint of awareness about their own monstrous hypocrisy.

Unicorn


BY STEPHEN M. WALT

On magical creatures and the promises of politicians.
Have you ever seen a unicorn? Me neither. Unicorns are mythical beasts, supposedly imbued with many attractive, even magical, qualities — but, alas, they are not actually real. Nor have I seen any orcs, basilisks, balrogs, or any of the other evil creatures dreamt up by fiction writers: Here, the good news is these don’t exist and never did. Apart from CGI-enhanced movies, anyone who claimed they could find or create one of them would be regarded as something of a crackpot.

Global Wealth

by Tyler Durden
Today Credit Suisse released its latest annual global wealth report, which traditionally lays out what is perhaps the biggest reason for the recent "anti-establishment" revulsion: an unprecedented concentration of wealth among a handful of people, as shown in its infamous global wealth pyramid, an arrangement which as observed by the "shocking" political backlash of the past few months suggests that the lower 'levels' of the pyramid are increasingly unhappy about.

Economy, Global, Politics

 

by Tyler Durden
Submitted by Eugen von Bohm-Bawerk via Bawerk.net,

A Brave New World is coming? Perhaps. We had a recent discussion with a group of people in the hopeless business of doing long term forecasting. This made us think about what the world will look like over the next 20 to 40 years. A pretty thankless task, but the bottom line is without a damn good war, Asia will be the way of the future.

INADVERTENT WAR

 In 1914, Austria-Hungary launched what it thought would be a short punitive war against Serbia. The next thing it knew, it was involved in a war against Russia, Italy, France, Britain, and then the United States. Four years later, Austria-Hungary ceased to exist. If the Austro-Hungarian government had known where its Balkan intervention would lead, it would never have launched it. But it didn’t know. World War I was an inadvertent war.

 Trump International Security


by Richard Kemp

It is the EU, not Donald Trump, that threatens to undermine NATO and the security of the West. An EU defence union will present a direct threat to NATO, competing for funds, building in duplication and confusion, and setting up rival military structures.

Cardinal Jean-Louis Tauran


BY ROBERT SPENCER 

In his 2006 Regensburg address, Pope Benedict cited the 14th-century Byzantine emperor Manuel II Paleologus regarding the preaching of violence in a religion, stating:

“Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached…”

Obama’s Arms-Export Tally


BY MARCUS WEISGERBER, CAROLINE HOUCK

Most of the $278 billion in approved sales have gone to Saudi Arabia and other Mideast allies.

The Obama administration has approved more than $278 billion in foreign arms sales in its eight years, more than double the total of the previous administration, according to figures released by the Pentagon on Tuesday.

New, level-headed Trump


Ron Ben-Yishai

Analysis: Forget about the election campaign’s provocateur and chatterbox. The US president-elect’s victory speech made it clear that he feels the full weight of responsibility hanging on his shoulders. So in what direction does he plan to navigate America, and where do Israel and the Palestinians come in?

Fracture


Ben-Dror Yemini

Op-ed: Western democracies are struggling with questions of national identity, solidarity, a shared ethos, the place of religion, etc. In European countries, the battle is between an old, corrupt and rotten establishment and populist and demagogic politics. In other words: Clinton vs. Trump.

Erdogan alienates all


Author Semih Idiz

Upon assuming office in May, Prime Minister Binali Yildirim promised that he would “increase the number of Turkey’s friends and reduce the number of its enemies.” Today, however, Ankara is losing friends rapidly, especially in Europe where there are calls for sanctions against Turkey.