The long-standing economic consensus that interest rates would remain low indefinitely, making debt cost-free, is no longer tenable. Even if inflation declines, soaring debt levels, deglobalization, and populist pressures will keep rates higher for the next decade than they were in the decade following the 2008 financial crisis.
thinks that policymakers and economists must reassess their beliefs in light of current market realities.
Since the 1990s, Western companies have invested a fortune in the Chinese economy, and tens of thousands of Chinese students have studied in US and European universities or worked in Western companies. None of this made China more democratic, and now it is heading toward an economic showdown with the US.
argue that the strategy of economic engagement has failed to mitigate the Chinese regime’s behavior.
堪培拉——道歉、或者拒绝道歉再次成为新闻,让人们再次怀疑道歉在解决国际争端中所起的作用。及时并真诚的致歉在缓和个人紧张关系中所起的作用是毋庸置疑的。但道歉是否适用于外交领域?
近期的某些事件中,道歉问题不过是恼人的插曲,比方说阿富汗总统卡尔扎伊要求美国为去年底意外造成平民伤亡道歉——之后才能,这一点非常奇怪,允许美国继续为阿富汗和他本人提供保护(不难理解,美国拒绝了他的要求)。
但有些情况下付出的代价也非常惨重。去年11月来印尼和澳大利亚的双边关系就已经跌落至数十年来的低点,苏西洛·班邦·尤多约诺总统因澳大利亚拒绝就窃听他(和他妻子)的私人电话道歉而倍感愤怒。
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