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China’s Renminbi Joins IMF’s Special Drawing Right Basket

On November 30, 2015, the International Monetary Fund’s executive board announced the decision to include China’s Renminbi into the Special Drawing Right Basket (SDR), effective October 2016. Created by the IMF in 1969 in the context of the Bretton Woods fixed exchange rate system, SDR is an international reserve asset that helps its holder…

South Korean President Park Geun-hye, U.S. President Barack Obama and Japanese Prime Minister Shinzo Abe hold a summit in March 2015. Photo credit: Japanese Prime Minister’s office

U.S. Military Rebalance in the Asia-Pacific

In the fall of 2011, President Obama announced significant policy changes constituting a complete “rebalance” of defense resources and foreign policy interests to the Asia-Pacific region. Also known as the “Pivot to Asia,” these policy changes included intensified regional U.S. involvement in terms of military spending, military presence, foreign policy, and economic policy. During this…

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Competing interests at the local government led to one of the biggest environmental disasters of the century

The massive scale of the environmental disaster, which takes form in the transboundary haze pollution happening in Northern Sumatra, Indonesia, has been dubbed a “crime against humanity”; though the fundamental cause for the persistent detrimental haze is the all-too-common domino effect of corruption in local politics. The haze has been an annual problem in Southeast…

TTIP

TTIP: U.S.-EU Trade Agreement as a Challenge for China?

The Transatlantic Trade and Investment Partnership (TTIP), a proposed trade agreement between the United States and the European Union, has sparked much controversy. Noticeably, instead of focusing on reducing tariffs, the TTIP proposes to align the U.S. and EU’s currently incompatible rules and regulations. Although opposition is voiced most loudly in several EU countries where…

June 7, 2014 - Mediterranean Sea / Italy: Italian navy rescues asylum seekers traveling by boat off the coast of Africa. More than 2,000 migrants jammed in 25 boats arrived in Italy June 12 (Massimo Sestini/Polaris)

Migration Crises and International Response: The American Migration Crisis of 2014 and Today’s European Crisis

For the past few years, our news headlines have been rife with stories detailing the migration of thousands of people fleeing repressive regimes, wars, violent armed groups, and economic strife. In light of the most recent and ongoing migration crisis in Europe, it is important to reflect on these recent migration and refugee crises that…