Articles

In the wake of the global financial crisis of 2008, China began to move away from the market-based approach that had shaped its economic policies for three decades, and toward something that might be termed "party-state capitalism," which involves a high degree of CC control over strategic sectors of the economy. This has led to significant changes in the U.S.-Chinese economic relationship, as both sides have made efforts to secure supply chains, screen inward and outward capital flows, diminish the power of global firms, and reorganize alliances to protect against economic coercion.

Of all the intractable issues that could spark a hot war between the United States and China, Taiwan is at the very top of the list. And the potential geopolitical consequences of such a war would be profound. Taiwan-"an unsinkable aircraft carrier and submarine tender," as U.S. Army General Douglas MacArthur once described it--has important, often underappreciated military value as a gateway to the Philippine Sea, a vital theater for defending Japan, the Philippines, and South Korea from possible Chinese coercion or attack.

During war, states trade two types of products with their enemies. To maximize revenues, states continue to trade products that are essential to the domestic economy or that their adversary takes a long time to convert into militarily capabilities.

For Saudis these days, life is a roller coaster. Even as Iranian missiles threaten their national security and livelihood, previously unimaginable social freedoms accelerate. All this leaves some Saudis squealing with delight; others are frozen with fright.

Rather than debating whether China is challenging a single, U.S.-dominated liberal order, scholars and analysts should consider China’s actions in relation to multiple orders in different domains, where China is supportive of some, unsupportive of others, and partially supportive of still others.

When do autocratic rulers in oil-producing countries support private sector development? We argue that the size of oil rents per capita has an important effect on ruler support for the rule of law, respect for private property rights, and other factors that promote private investment.