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Letter from Edinburgh

Andrew Milligan – Jackson Hole Economics For 250 years, European writers have been fascinated by how Americans behave. From Fanny Trollope’s ‘Domestic Manners of the Americans’ through De Toqueville’s ‘Democracy in America’ and more recent Alastair Cooke’s ‘Letter from America’, Europeans have been amused, amazed, or aghast at the antics of their American cousins. This…

The deception and detriment of US-China cultural and educational decoupling

Cheng Li and Ryan McElveen – Brookings This article was originally published in China-US Focus. As the United States insignia was stripped and the American flag was lowered over the U.S. consulate in Chengdu, China, in late July, a bridge that had connected America with western China for 35 years was severed. Soon thereafter, the U.S. embassy…

Beijing Believes Trump Is Accelerating American Decline

Public intelligence assessments of China’s 2020 election preferences only tell half the story. This article by Rush Doshi, the director of the Brookings China Strategy Initiative, was first published by Foreign Policy. In August, the U.S. Office of the Director of National Intelligence claimed publicly that China “prefers that President Trump – whom Beijing sees as unpredictable…

Why America Must Lead Again – Rescuing U.S. Foreign Policy After Trump

Joseph R. Biden, Jr. – Foreign Affairs By nearly every measure, the credibility and influence of the United States in the world have diminished since President Barack Obama and I left office on January 20, 2017. President Donald Trump has belittled, undermined, and in some cases abandoned U.S. allies and partners. He has turned on…

Why America Is Afraid of TikTok

The company’s founder says in an interview that he wants it to be “a window” on the world. A Republican senator says it is a “Trojan horse.” Michael Schuman – The Atlantic ZHANG YIMING EMBODIES what the United States wanted China to be. He is the founder and chief executive of a company, ByteDance, that…

Global Economics Intelligence executive summary

McKinsey & Company – 10 Aug 2020 The US economy experienced a record-breaking GDP contraction of –9.5% (year over year) in the second quarter of 2020 (–32.9% annualized). Many analysts expect positive growth in the third quarter, stemming from partial reopening, but a continued surge of COVID-19 cases could halt further expansion. In terms of pandemic…

Social Capital: Why We Need It and How We Can Create More of It

“The phrase “social capital” has been used to describe relationships between individuals that facilitate the kind of social trust that can strengthen communities. The lack of it may explain why Trump was elected, why our health and longevity have been deteriorating, and why economic growth has slowed. Some scholars have noted that social capital is…