Global economics

Global economics

Anders Corr shares an article published in Epoch Times that explores Canada’s relationship with China. 

On Christmas, Canada’s Global television aired an interview with the country’s Prime Minister Justin Trudeau. He made excellent points on the need for democracies and their allies to cooperate more in dealing with the China threat.

“We’ve been competing and China has been, from time to time, very cleverly playing us off each other in an open market, competitive way,” he said, according to a Reuters report.

“We need to do a better job of working together and standing strong so China can’t play the angles and divide us one against the other.”

Canada has in fact joined allies to take a few tough stands against Beijing.

That vast country to America’s north is joining the diplomatic boycott of the Beijing Winter Olympics, which will be held in February. (Too bad Ottawa didn’t publicly offer to hold the games in Canada.)

Ottawa stuck to the 2018 detention of Meng Wanzhou for over two years despite intense economic and diplomatic pressure from the Chinese Communist Party (CCP). Chinese police took two Canadians hostage, named Michael Kovrig and Michael Spavor, just days after the Meng detention.

That medieval response to the Meng arrest did more to wake up the Canadian public, along with the 30,000 deaths from COVID-19, than it did to soften Canada’s China policies.

Canadians are now paying attention to Beijing.

 

Key points include:

  • Unmitigated free trade agreements
  • Conservatives in Canada
  • Wilful blindness

Read the full article, Canada Proposes Western Economic Coordination Against China, on TheEpochTimes.com.

Anders Corr shares an article he wrote for the Epoch Times on a closer AUKUS alliance.

Australia, the United Kingdom, and the United States (AUKUS) just took a huge step in the right direction toward deterring China’s aggression.

On Sept. 16, President Biden announced that the United States and Britain would assist Australia in acquiring nuclear-powered attack submarines. The submarines will be equipped with nuclear-capable cruise missiles, though not with the nuclear weapons themselves. Australia will purchase similar cruise missiles for its air force.

Biden also announced a new closer AUKUS alliance between the three countries, which tend to be tougher on the Chinese Communist Party (CCP) than the other two members of the Five-Eyes alliance, Canada and New Zealand. AUKUS could thus be an important new core from which a broader anti-CCP alliance system could grow.

While currently only conventional explosives are planned for Australia’s new cruise missiles, they prepare the country down under with the delivery systems necessary to achieve an independent nuclear deterrent at some point in the future. Other major democracies in Asia, including Japan, South Korea, and Taiwan, should take the same steps in order to achieve what should be considered the nuclear containment of China through a ring of nuclear democracies. The CCP’s power and aggressiveness is growing so quickly, that anything less risks, over the next several decades, an end to democracy in Asia, if not the world.

 

Key points include:

  • South Korea’s military
  • Reaction from Paris
  • Australia’s biggest defense policy initiative

Read the full article, Australia, Britain, and the US Close Ranks Against China, on TheEpochTimes.com.

 

Indranil Ghosh shares the latest episode of Powering Prosperity Weekly. In this post, he shares an interview with Rachel Ziemba of The Street where they discuss the fiscal and infrastructure proposals in Biden’s US congressional address.

Welcome to this week’s edition of Powering Prosperity Weekly.

This newsletter looks at issues relating to the Global Economic Transition that will play out over the coming 20-30 years (see my introductory article on LinkedIn for additional context).

 As President Biden completed his first 100 days in office, I took the opportunity to talk to many folks in policymaking, business, and investing circles to take stock of what’s been achieved and what the priorities should be for the next 100 days. 

 In an article appearing in The Street, Rachel Ziemba and I dissected the fiscal and infrastructure proposals in Biden’s US congressional address. And in a Chief’s Forum sponsored by the Washington Times, I discussed the opportunities and challenges that lie ahead in a livestream with former Whitehouse Chiefs of Staff and C-suite execs from across the economy. 

What to Look for in the Next 100 days?

For supporters of sustainable development, the general policy direction of President Biden’s first 100 days has been a refreshing tonic. Averting climate change, fighting inequality, supporting working families, and racial equity are finally centre stage in the American political dialog.

 

Key points include:

  • Biden’s tax proposals
  • $30 billion in Farm Aid
  • The sustainable investing framework

 

Read the full article, The Next 100 Days, on LinkedIn.