Tag: World economy

Lessons of Ukraine War for China

Strategic Council Online – Opinion: As long as China will not achieve a much higher position than it does today in the hierarchy of power of the international system, in the case of Taiwan it will not resort to the same way that Russia did to Ukraine. The West’s coherence in the Russian embargo was instructive for Beijing that the West merely wants an excuse in a legitimate form to weaken its rivals and enemies.
Dr. Fatemeh Nakolalazad – International affairs researcher

Necessity of forming the club of countries countering US sanctions

Strategic Council Online—Opinion: Some 30 countries of the world with more than one and a half billion people are presently under the sanctions of the United States in various forms. Iran, China and Russia are the most significant of these countries. In addition to governments, some economic giants and cartels such as companies involved in the construction of the Nord Stream 2 gas pipeline as well as Turkey, as a US ally in NATO, have been also exposed to lesser extents to the US sanctions. Even though there are news recently about the formation of a global coalition among the countries affected by the US sanctions, it is expected that a politico-economic club of sanctioned countries is set up.
Seyyed Qassem Zakeri—expert of international relations

The trend of the global debt crisis and the future perspective

Strategic Council Online-Editorial: With rising hopes for alleviating the Covid-19 outbreak, experts are studying the legacy and impact of this crisis on the global economy.
Iman Samadinia—researcher of the Economic Diplomacy Studies Office, University of Imam Sadeq (AS)

US Sanctions against Iran, a Tool or a Strategy?

Strategic Council Online – National governments and international institutions such as the United Nations and the European Union impose economic sanctions with an aim of forcing, deterring, punishing or discrediting entities that jeopardize their interests or violate the so-called international norms. In fact, the philosophy of the existence of sanctions is a tool for the punishment and consequently forcing the target country to change its behavior. Sanctions are generally seen as a low-cost, low-risk route, and in fact as a course between diplomacy and war.
Peyman Hassani – Researcher at the Office of Economic Diplomacy Studies, Imam Sadegh (AS) University

Euro Overtaking USD in SWIFT; Defeat of Dollar’s Monopoly?

Strategic Council Online – For the first time in eight years, the EU-based euro remittances have surpassed US dollar-denominated exchanges, according to the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
Reza Majidzadeh – Researcher in Development Economics

Agreement of 15 Asian Countries Promises Decline of USD-Based Global Economy

Strategic Council Online – An expert on political economy, noting that we are entering a multipolar world with different blocs, said: Even in viewpoint of the Japanese, the current economic and dollar-based order is coming to an end and, therefore, they are preparing themselves for a multilateral economic system.

Greece Seeks Suspension of EU Customs Union with Turkey

Strategic Council Online: Tensions between Greece and Turkey in the East Mediterranean Sea have entered a complicated phase over Turkey’s measures regarding drillings and exploration activities in the region.
Mahmoud Fazeli – Expert on Europe Affairs

China’s Share in Global Economic Growth & Its Strategic Implications

Strategic Council Online – An expert on international economics, referring to the effects of the China-US macro rivalry on the world economy and politics said: In the future of the world’s political-economic system, we will be witness to a new Cold War and see a standoff between a different East and West. But, how long it would take, is unpredictable.

UN Task to Prevent Collapse of International System

Strategic Council Online – A university professor emphasized that the UN Secretary-General’s statement that the world was out of balance was a fact he had raised given the seriousness of the issue: “The time has arrived to reorganize the world order anew and prevent crises such as the World War.

Post-Corona and International Economic Outlook

Strategic Council Online: A professor of political economy, referring to the economic consequences of the corona epidemic for the international economy, said: “The post-corona era is not a time to be dependent on Europe and the United States, and in the near future we will see Asian powers will increase their developmental process and economic power at higher speed and strength in the international arena.”

One Virus, One World: A Glance at Effects of Coronavirus on Economy

Strategic Council Online: A university professor said the Corona crisis will affect the state of the global economy and slow its growth. He noted however, one must not worry much about the world entering a new crisis because in most of the major countries involved in the Corona crisis the skills of governance are high enough not to let the global economy fall into a crisis similar to the 1990s and 2008-2009, namely the collapse of the dominoes of major economic sectors.

Corona and the Need for Regional, Global Cooperation

Strategic Council Online: The world has been in the throes of Corona Disease (COVID-19) since late 2019: A malicious virus, which can have many lessons for the vulnerable world. Within a short time, it crosses global boundaries and enters other spaces affected by economic entanglement and spatial functions.
Ebrahim Romina, Assistant Professor of Political Geography and Geopolitics, Tarbiat Modares University

Chinese Economy and Consequences of Coronavirus

Strategic Council Online: The Coronavirus has hit the Chinese economy badly, and it will, for a long time, make China’s economy vulnerable. When China’s annual economic growth reaches below 6%, political alarm bells will be sounded, meaning 2020 maybe a year of domestic political challenges for the Beijing government.
Dr Saeed Attar – University Professor

RCEP, ECO: Potentials to Develop Closer Cooperation

Strategic Council Online: The most important cooperation potentials of the Economic Cooperation Organization (ECO) and the Regional Comprehensive Economic Partnership (RCEP) are: RCEP’s significant contribution to the global economy, the common interests of certain member states of both organizations in trade and economic war with the United States, and RCEP’s open doors to admit other economic organizations.

USD’s Declining Supremacy over Global Economy

Strategic Council Online: As international economic observers and analysts expected, the joint meeting of world central bank governors held in New York was more newsworthy than the previous years.
Central Bank of England Governor’s remarks that the world should end its risky reliance on the dollar became the most controversial position taken by a senior economic official at the summit.
Hamideh Safamanesh – International Relations Researcher

China’s “String of Pearls” strategy, fact or fiction?

The international system during the past few decades has witnessed the steady rise of China as a new great power and game-changer. For over a century the United States has possessed the world’s largest economy, but at present trajectories, China may replace it during the first half of the century and emerge as the leading economy of the world. China’s economic growth has also fueled a rapid modernization of its armed forces enabling Beijing to assert its presence more bluntly in areas of dispute especially in the Taiwan Strait and the south china sea. China’s territory size, population, Geography, vibrant economy, relative stability and growing military capabilities have all helped it to confidently elevate its international standing with improved geopolitical status enabling Beijing to establish itself as a decisive player in global affairs.
Hossein Ebrahim Khani – Former ambassador, and research fellow at the IPIS, Tehran