Keyword: China

The Second Decade: The World in 2020

Picture: Fazila Farouk Michael T. Klare - As the second decade of the twenty-first century begins, we find ourselves at one of those relatively rare moments in history when major power shifts become visible to all.  If the first decade of the century witnessed profound changes, the world of 2009 nonetheless looked at least somewhat like the world of 1999 in certain fundamental respects:  the United States remained the world’s paramount military power, the dollar remained the world’s dominant currency, and NATO...

Obama Leaves China Without Firm Pledges on Trade and Climate

Picture: American State Department Democracy Now - As American President Barack Obama winds up his trip to the far East, the rest of the world watches with great interest as the world's current super power meets its successor. In terms of it's size, the Chinese economy will overtake the American economy within the next two decades and is predicted to become twice as big as (double) the American economy by 2050. Democracy Now speaks to Martin Jacques about China's role in a new world order. Jacques is a British journalist, academic and author...

Will the Dollar Survive Its Current Dive?

Absolutely, says Professor Leo Panitch who teaches political economy at York University in Canada. "The American dollar is not going away as the global reserve currency. There is nothing that can possibly replace it," contends Panitch. The current speculation around the dollar needs to be seen in context, he says.  That context is:  Structurally, to be a global reserve currency, a country must have deep domestic financial markets and enormous institutional financial...

Greenback Losing Ground as Global Reserve Currency

US senator, Sam Brownback called the SCO (Shangai Cooperation Organisation), "The most dangerous institution, the American people have never heard of." Founded in 2001, the SCO consists of China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. Mongolia, India, Pakistan and Iran have observer status. The organisation aims to promote mutual cooperation and maintain regional peace, security and stability. On 16 June 09, the SCO hosted its annual meeting in the...

The Geopolitics of Energy in Eurasia: Oil, Gas and the Real Afghan War

Picture: TomDispatch.com Pepe Escobar - As Barack Obama heads into his second hundred days in office, let's head for the big picture ourselves, the ultimate global plot line, the tumultuous rush towards a new, polycentric world order. In its first hundred days, the Obama presidency introduced us to a brand new acronym, OCO for Overseas Contingency Operations, formerly known as GWOT (as in Global War on Terror). Use either name, or anything else you want, and what you're really talking about is what's happening on the immense energy...

Breyten Breytenbach on South Africa, Zimbabwe, Israel and America

Picture: Breyten Breytenbach courtesy Bagheia/Flickr Democracy Now! - AMY GOODMAN: Breyten Breytenbach is one of South Africa’s most famous poets. He’s also an award-winning writer and painter, well known as an anti-apartheid activist, outspoken advocate for justice around the world. The exiled poet was born to an Afrikaner or white South African family in 1939. He moved to Paris in the early ’60s and became deeply involved with the anti-apartheid movement. In 1975, Breyten Breytenbach returned secretly to South Africa under a false...