Articles

Former U.S. Defense Secretary Ash Carter speaks with The WorldPost’s editor in chief, Nathan Gardels, about the Trump administration’s new China policy, North Korea and the pending U.S. withdrawal from the Intermediate-Range Nuclear Forces Treaty.

The article outlines the role of national narratives in driving both Russia and China’s energy foreign policy and goes on to argue that the Sino-Russian gas breakthrough in 2014 was due to the peculiar way in which domestic factors paired with international circumstances to produce the outcome at that particular moment.

The small open economies of the Gulf and Southeast Asia are pioneers in the establishment of

Sovereign Wealth Funds (SWFs). The SWFs of countries like Qatar and Singapore are among the

world’s largest in terms of total asset size relative to Gross Domestic Product. This article looks

at the different compulsions behind the setting up of SWFs by small open economies.

China’s attempts to protect its access to energy supplies, particularly oil, are a rational strategy to shield itself from energy disruptions, particularly U.S. attempts to coerce China by constricting its oil supply.

For decades, fears of energy scarcity drove American energy diplomacy. The dependence of the global economy on oil, and America’s need to secure ever-growing quantities of this commodity, underpinned complex networks of alliances and intensive diplomatic endeavors. An atmosphere of ever-increasing global competition for resources made these labors all the more urgent and highstakes. Today, in an age of energy abundance, many anticipate that the new US energy prowess will render such efforts obsolete and pave the way for US disengagement in the world. Yet a sober look at reality suggests that this should be far from the case.

Donald Trump and Kim Jong-un trading threats with words like “fire and fury”; Pakistan deploying tactical nuclear weapons to counter Indian conventional threats; Russia enunciating an Orwellian doctrine of “escalate-to-de-escalate” that calls for early use of battlefield nuclear weapons; and major nuclear-weapons states modernizing their arsenals — nukes are back. The cruel irony: This is happening after eight years of a president who won the Nobel Peace Prize largely for his vision of a world free of nuclear weapons.