Spotlight on Geopolitics

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International military analysts have recently pointed out that military spending in Asia has increased to 262 billion euros in 2012. The amount could overtake the EU’s own military spending in the near future, possibly as early as next year. Smaller military budgets, however, are consistent with the EU’s new focus on soft power and diplomacy,… » read more

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The Defense Strategic Review (DSR) released by the Pentagon on the 5th of January 2012 summarises the Obama Administration’s geopolitical agenda and strategic priorities. From it, experts can discern which country is considered the new enemy of the USA, although President Obama’s speech on the occasion does not mention China by name. In France, the… » read more

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Make or break-year for G20

Cleaning up the debris of the 2007-2008 Great Recession is not a job for the fainthearted. It’s enough to look around us to realise that the task is herculean, as it involves efforts similar to cleaning Augias’ stables. Dealing with toxic assets, implementing harsh and unpopular austerity measures, avoiding currency and trade wars and increasing… » read more

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Towards Bretton Woods III

The US Federal Reserve’s second round of quantitative easing has prompted near-universal condemnation by the financial leaders of Germany, China, Brazil, the ASEAN and the EU. From The People’s Daily to Der Spiegel, newspapers are full of criticism and dire predictions of an impending international currency war, which is bound to result from the flooding… » read more

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In a surprising turn of events, Indian prime minister Manmohan Singh has this week launched his new “Look East” trade and foreign policy, during a week-long state visit to Japan, Malaysia and Vietnam. India’s main concern these days is that of increasing the country’s foreign trade volume at least to pre-crisis levels. In Japan, premier… » read more

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Slowly but surely, EU leaders are waking up to the fact that they should take regional security into their own hands and promote a neighbourhood diplomacy which would eventually have to exclude NATO or the United States, but would be inclusive of Russia and Turkey. This is the new geostrategic context in which the Sarkozy-Merkel-Medvedev… » read more

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The G20 finance ministers’ meeting which took place last weekend in Gyeongju, South Korea, did not do much to ease fears of a potential currency war between developed and developing nations. The only worthwhile achievement was an IMF-brokered decision to increase India, China and Brazil’s clout and voting power on the IMF board. Geithner’s initiative… » read more

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The US State Department’s summer diplomatic offensive in South-East Asia has been complemented in Japan by calls to strengthen the US-Japan alliance and to design new collective security structures aimed at containing China. Thus, in a recent article (“Keeping the US engaged in Asia”) published in East Asia Insights, Japanese former deputy foreign minister (LDP)… » read more

Posted by Spotlight on Geopolitics