If geopolitics can be understood as a succession of situations in which the relations among the actors constantly evolve, the chess or Go game on a world scale, the analyst has to characterize each successive configuration. In that sense, it can be argued that the current moment in global affairs is marked by a growing uncertainty and disorder.
While China and other emerging markets have pared back their investments in Africa, this has opened an opportunity for new players to step into the market. Former U.S. Ambassador David Shinn joins Eric & Cobus -- in the podcast above -- to discuss the changing landscape of foreign investment in Africa.
It is the season of lists: best movies, best books and on and on. Since I teach and write on globalization and international political economy, I thought I would continue a tradition I started several years ago of creating a different type of list: a geo-political-economic list -- a list of globalization's top five trends for the year.
Investors have lost faith in Brazil, and rightfully so. The currency has lost 36% of its value against the U.S. dollar this year, plunging nearly 7% in the last week alone. Yields on its bond issues are spiking, as investors demand higher and higher rates to loan Brazil or Brazilian companies money.
The BRICS nations convened in the Russian city of Ufa for the BRICS Summit last week to discuss cooperation on international and regional issues of common interest. The BRICS meeting was held in conjunction with the Shanghai Cooperation Organization and represents the seventh formal meeting of the BRICS nations. The meetings discussed several issues of central importance to China. While China's role in the BRICS alliance may be viewed as an attempt to build up its own power outside of U.S.-dominated institutions, we believe this perspective is simplistic.