This year marks the centenary of the Russo-Japanese War of 1905, and on August 15 many countries will commemorate the sixtieth anniversary of the end of WWII in the Pacific. Of course, Japan’s military dominance in East Asia – which began with the Russo-Japanese War and led to WWII – is no more. The ghosts of this history still hang over in East Asia, with each country struggling to find ways to deal with the past.
China is a benchmark. Over the centuries, Japan and China have taken turns dominating East Asia, and both now seek to assert regional hegemony. Historically, the Korean Peninsula was the playground for this rivalry, but, with North and South Korea appearing to make peace with each other, South Korea is also staking a claim to regional influence.
Resentment over past wrongs buttresses all of these rival claims for influence.
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Following the latest G20 summit, the G7 should be thinking seriously about deepening its own ties with more non-aligned countries. If the Ukraine war drags on, and if China continues to threaten to take Taiwan by force, the G20 will be split between friends of the BRICS and friends of the G7.
sees the grouping as increasingly divided between friends of the G7 and friends of China and Russia.
To prevent catastrophic climate change and accelerate the global transition to a net-zero economy, policymakers and asset owners urgently need to rethink how we channel capital at scale. The key is to develop new financial instruments that are profitable, liquid, and easily accessible to savers and investors globally.
explain what it will take to channel private capital and savings toward sustainable development.
This year marks the centenary of the Russo-Japanese War of 1905, and on August 15 many countries will commemorate the sixtieth anniversary of the end of WWII in the Pacific. Of course, Japan’s military dominance in East Asia – which began with the Russo-Japanese War and led to WWII – is no more. The ghosts of this history still hang over in East Asia, with each country struggling to find ways to deal with the past.
China is a benchmark. Over the centuries, Japan and China have taken turns dominating East Asia, and both now seek to assert regional hegemony. Historically, the Korean Peninsula was the playground for this rivalry, but, with North and South Korea appearing to make peace with each other, South Korea is also staking a claim to regional influence.
Resentment over past wrongs buttresses all of these rival claims for influence.
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