The so-called U.S. ‘commitment’ to Asia is superficial, self-interested and short-sighted. The IPEF risks imposing costs on its members but offers no benefits. It is neither a trading bloc nor an investment treaty.
If we break down the outcomes of the initiative, we can find that large projects under the BRI have greatly boosted the economy and improved local people’s livelihoods in many countries all over the world.
The most pressing challenge in this global environment is for countries to remain open, prudent and to act in their own best interests, as opposed to fighting the hegemonic struggles of other countries.
Falling incomes, surging power bills, and economic stagnation all beset the United Kingdom, yet rhetoric is the least effective for addressing poor economic performance, creating jobs, or bringing inflation under control.
More efforts are expected to be made to boost innovation in terms of planning, policies, and core technologies so as to foster a favorable environment for the development of the digital economy.
As COVID-19 recedes and the numbers of monkeypox cases potentially rise, the sense of déjà vu will become ever more pronounced. Without action now, the gap between people who have access to vaccines, and those who do not, will widen once more.
The fact that Democrats haven’t been able to take the lead in the House race yet, despite outrage over the abortion ban, however, reveals Americans think they have no good choices in an untrusted political system.
The Turkish government, for its part, aspires to anchor its collaboration with the West in the new conditions that enable it to balance between the West and the East.
The benefits and potentials associated with telemedicine can also be further scaled up to other sectors, which are favorable to the long-term development of the healthcare sector.
As UN Secretary-General António Guterres said in his video message: ‘There is no time to lose. Building a better future starts today. And it starts with you, the young people of the world.’
Once a champion of globalization and free markets, Washington now instead aims to reverse globalization because it deems it no longer to be in its interest.
The numerous mechanisms created by the U.S. are being used to isolate and exclude others. This demonstrates how much debt crises are a product of a world increasingly divided and at odds with itself, threatening the foundations of globalization and post-cold-war prosperity.
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