Commentary by Joseph Foudy, a clinical associate professor of economics at the NYU Stern School of Business. He teaches courses on Asian economies, international management and Chinese business and foreign relations.
Posted on 04/12/2018 11:03:13 AM PDT by Oldeconomybuyer
China and the U.S. present a study in contrasts. The U.S. approach to foreign policy at present could best be characterized as shambolic, to put it mildly. In addition to record personnel turnover, the Trump administration appears internally conflicted over whether and how to: leave Syria, tear up the Iran deal, exit NAFTA, confront Russia, disarm North Korea, contain China, and support democracy abroad.
Meanwhile China cautiously, but continually, expands its influence. President Xi Jinping took center stage Monday at the annual Boao forum, China's answer to Davos. He and other Chinese leaders spoke optimistically about opening China and playing a responsible role on the world stage. While Trump's trade rhetoric caused market jitters, Xi soothing and supportive words had a calming effect .
In the face of constant turmoil in Washington, China presents itself as a bastion of stability. China's policy is to ignore much of what comes out of Washington, respond in measured steps only where provoked and expand Chinese influence unobtrusively while the world focuses on American antics. China is the super ego to America's id. You could say Washington is the high energy comedian while Beijing is content to play the straight man.
But this is no joke: China is filling the vacuum in global leadership that has been created by the chaos of the Trump administration.
Across Latin America, where President Trump has cancelled his appearance at this weekend's Summit of the America's to handle Syria, China is building political relationships and making investments.
In Africa, China is moving from natural resource extraction to developing future markets by building ports, roads and utilities.
There is one final broader irony in comparing both countries. Despite its long history, China's president speaks of the future while America's leader fixates on the past.
(Excerpt) Read more at cnbc.com ...
Commentary by Joseph Foudy, a clinical associate professor of economics at the NYU Stern School of Business. He teaches courses on Asian economies, international management and Chinese business and foreign relations.
Academics are often the stupidest people you will ever meet.
Its a paradox, but my own experience has proven it to be true.
Dictators for life are always welcomed by the academic left.
Whatever would one do with self-determination anyway. /s
Numbskull
So, did Xi Jinping win his election by popular vote or just the Electoral College?
Xi Jinping said China will Control the World Soon ,LOL
Pretty foolish of "professor" Joseph Foudy to accept Xi's words at face value.
Is Joseph Foudy merely a useful idiot or is he knowingly complicit in the Chinese leadership's totalitarian plans?
Perhaps he's "gone native" so to speak...
Xi Jinping said China will Control the World Soon ,LOL , they better make more Chinese ,there
Didnt these people tell us that Merkel was the “leader of the free world”?
This is what passes for intellectual thought today. And to think that this guy is actually teaching — no wonder kids come out of college brainwashed to Leftist dribble, unable to think, read, cope or do anything without their safe spaces.
The stupidest person I ever met had a PhD.
If Trump were like the Chinese, he would simply have Joseph Foudy and his associates executed.
China occasionally has ‘record turnover’ in its administration, too. But we never hear from those individuals again. We never hear much from their administration at all; they don’t want their children sent to the brickyards. China boasts over 2 million enslaved people, as many in reeducation camps, politically correctly renamed ‘drug rehabilitation facilities’ to appease the UN. Quite the model for global leadership I think not.
This is a country that’s a driver of the global economy and is seeking to institute rule of law for property rights protection, welcoming more foreign investment and giving greater scope to market forces in its economy.
China is moving in the right direction and I don’t much care for Xi’s politics but he wants a better future for his people. A China that plays a positive role in the world is a China we all would want to see more of and its opening to the world should be encouraged.
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