South Asia

As American and Chinese trade representatives continue to discuss the two countries’ ongoing trade war, the architects of Middle East’s ambitious renewable energy policies are watching closely for opportunities to expand their burgeoning green industries. Regional leaders from across industry, government, and academia have recently gathered at the World Future Energy Summit and the Jubail Energy Management Conference, and the trade war has been high on the agenda.

As President Donald Trump heads to his meeting with Chinese President Xi Jinping, he'll have the support of many other world leaders, former ambassador Nicholas Burns told CNBC on Thursday.

"One overlooked feature in this ongoing tragedy is that Trump isn't wrong about everything. Some of his critics won't admit it, but several of the themes he sounded during the 2016 campaign — such as the need to rebuild America's deteriorating infrastructure — were correct (if far from original), and some of his foreign-policy instincts were sound even if his command of details was not. A minimally competent president could have made substantial progress on most if not all of these fronts, thereby leaving the country better off and enhancing his prospects for a second term."

In many Western democracies, this is a year of revolt against elites. The success of the Brexit campaign in Britain, Donald Trump’s unexpected capture of the Republican Party in the United States, and populist parties’ success in Germany and elsewhere strike many as heralding the end of an era. As Financial Times columnist Philip Stephens put it, “the present global order – the liberal rules-based system established in 1945 and expanded after the end of the Cold War – is under unprecedented strain. Globalization is in retreat.”

In fact, it may be premature to draw such broad conclusions.

Some economists attribute the current surge of populism to the “hyper-globalization” of the 1990s, with liberalization of international financial flows and the creation of the World Trade Organization – and particularly China’s WTO accession in 2001 – receiving the most attention. According to one study, Chinese imports eliminated nearly one million US manufacturing jobs from 1999 to 2011; including suppliers and related industries brings the losses to 2.4 million.

China suffered a significant setback this month in its bid for dominance in the South China Sea, and its leaders are following a familiar script after such reversals: They’re making angry statements but taking little action while they assess the situation. David Ignatius, Senior Fellow at the Future of Diplomacy Project, dives into the backlash of the Permanent Court of Arbitration decision against China's dominance of the waters.

In the global revulsion at the recent terror attacks in four Muslim countries, the United States and its allies have a new opportunity to build a unified command against the Islamic State and other extremists. FDP Senior Fellow David Ignatius examines the diplomatic relationships needed to create an effective counterterrorism strategy.

The tensions unsettling the Saudi royal family became clear in September, when Joseph Westphal, the U.S. ambassador to Riyadh, flew to Jiddah to meet Crown Prince Mohammed bin Nayef, nominally the heir to the throne. But when he arrived, he was told that the deputy crown prince, a brash 30-year-old named Mohammed bin Salman, wanted to see him urgently. Senior Fellow, David Ignatius, discusses Mohammed bin Salman opportunity to transform Saudi Arabia.