Breakingviews

Obama’s nuclear gift to Modi is shrewd investment

January 26, 2015

The U.S. president has unblocked a stalled nuclear power deal with India, allowing Prime Minister Narendra Modi to build new reactors. While that will boost orders for GE-Hitachi and Westinghouse, bigger gains to the U.S. economy will come from ending India’s energy deficit.

Obama’s new sanctions aim to expose crony Putinism

March 21, 2014

The punitive steps against Russia are ostensibly just an escalated response to the Crimea annexation. But they allege a link between the Kremlin boss and Swiss oil trader Gunvor. Washington seems determined to reveal how Putin and his comrades amassed fortunes at public expense.

Smartest U.S. export to China could be Max Baucus

March 17, 2014

The new ambassador to Beijing arrives just as Uncle Sam seems to have lost interest in his biggest trade partner. China know-how is scarce in the White House; key seats sit empty. But Baucus could be an asset by helping cement new trade pacts that leave both sides better off.

Iran deal offers the world a ray of hope

November 25, 2013

Turning the accord to curb nuclear activities into a lasting solution won’t be easy, but diplomatic goodwill makes it harder to go backwards. Reintegrating Iran into the global economy would have profound consequences. For now, the agreement reduces geopolitical risk.

Britain can gain from China’s empire builders

October 15, 2013

Tourists, banks, real estate investors - all are welcome, say London’s mayor and the UK chancellor. Such openness has economic logic, and it’s sensible to play down fears on sovereignty. Provided the UK chooses its partners with care, and the Chinese are tactful, both sides win.

Fracking may change U.S. foreign policy for good

August 29, 2013

The abundant supply of hydrocarbons made accessible by hydraulic fracturing has brought America much closer to energy independence and created a buffer for the global oil price. The shift gives Uncle Sam new latitude in handling problems in Syria and throughout the Middle East.

New-age trade clubs: A guide for the perplexed

July 24, 2013

With the Trans-Pacific Partnership, global trade is going private. Japan has joined economies as diverse as the United States and Vietnam in drawing up a new accord. It looks like fragmentation, but with sensible rules, the TPP could give the bigger WTO a new lease of life.

Obama and Xi should consider Confucian diplomacy

June 6, 2013

If the emperor merely faces south, the sage argued, the rest falls into place. The U.S. and Chinese leaders could do the same when they meet in California. Issues like hacking and trade should resolve over time through mutual self-interest. For now, inaction is the best policy.

O-Burma trip rewards reformists for job half done

November 9, 2012

Including Myanmar in the president’s first post-re-election trip abroad is reward for dramatic reforms and cultivates a key ally in the U.S. pivot to Asia. But it’s sure to antagonize China’s new leaders - and could reduce pressure on Myanmar to make to make even tougher changes.

Obama continuity is good for China-U.S. ties

November 8, 2012

The U.S. president’s re-election allows him to engage Beijing’s new leaders right away. Obama may have to endure aggressive rhetoric as the regime builds credibility. If he does that and builds on recent prudent diplomacy, the two superpowers’ rivalry can be constructive.