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Debt-trap Diplomacy
Debt-trap diplomacy is an international financial relationship where a creditor country or institution extends debt to a borrowing nation partially, or solely, to increase the lender's political leverage. The creditor country is said to extend excessive credit to a debtor country with the intention of extracting economic or political concessions when the debtor country becomes unable to meet its repayment obligations. The conditions of the loans are often not publicized. The borrowed money commonly pays for contractors and materials sourced from the creditor country. The term was coined by Indian academic Brahma Chellaney to describe how the Chinese government leverages the debt burden of smaller countries for geopolitical ends. Other analysts have described the idea of a Chinese debt trap as a "myth" or "distraction". Origin and background The term was coined by Brahma Chellaney in 2017 to describe what he called China's predatory lending practices, which overwhelm poor cou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Finance
International finance (also referred to as international monetary economics or international macroeconomics) is the branch of financial economics broadly concerned with monetary and macroeconomic interrelations between two or more countries. International finance examines the dynamics of the global financial system, international monetary systems, balance of payments, exchange rates, foreign direct investment, and how these topics relate to international trade. Sometimes referred to as multinational finance, international finance is additionally concerned with matters of international financial management. Investors and multinational corporations must assess and manage international risks such as political risk and foreign exchange risk, including transaction exposure, economic exposure, and translation exposure. Some examples of key concepts within international finance are the Mundell–Fleming model, the optimum currency area theory, purchasing power parity, interest rate parit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Broadcasting Corporation
The Australian Broadcasting Corporation (ABC) is the national broadcaster of Australia. It is principally funded by direct grants from the Australian Government and is administered by a government-appointed board. The ABC is a publicly-owned body that is politically independent and fully accountable, with its charter enshrined in legislation, the ''Australian Broadcasting Corporation Act 1983''. ABC Commercial, a profit-making division of the corporation, also helps to generate funding for content provision. The ABC was established as the Australian Broadcasting Commission on 1 July 1932 by an act of federal parliament. It effectively replaced the Australian Broadcasting Company, a private company established in 1924 to provide programming for A-class radio stations. The ABC was given statutory powers that reinforced its independence from the government and enhanced its news-gathering role. Modelled after the British Broadcasting Corporation (BBC), which is funded by a tel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Territorial Disputes In The South China Sea
Territorial disputes in the South China Sea involve conflicting island and maritime claims in the region by several sovereign states, namely Brunei, the People's Republic of China (PRC), Taiwan (Republic of China/ROC), Indonesia, Malaysia, Philippines, and Vietnam. The disputes involve the islands, reefs, banks, and other features of the South China Sea, including the Spratly Islands, Paracel Islands, Scarborough Shoal, and various boundaries in the Gulf of Tonkin. The waters near the Indonesian Natuna Islands, which some regard as geographically part of the South China Sea, are disputed as well. Maritime disputes also extend beyond the South China Sea, as in the case of the Senkaku Islands and the Socotra Rock, which lie in the East China Sea. An estimated US$3.37 trillion worth of global trade passes through the South China Sea annually, which accounts for a third of the global maritime trade. 80 percent of China's energy imports and 39.5 percent of China's total trade pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Strait Of Malacca
The Strait of Malacca is a narrow stretch of water, 500 mi (800 km) long and from 40 to 155 mi (65–250 km) wide, between the Malay Peninsula (Peninsular Malaysia) to the northeast and the Indonesian island of Sumatra to the southwest, connecting the Andaman Sea (Indian Ocean) and the South China Sea (Pacific Ocean). As the main shipping channel between the Indian and Pacific oceans, it is one of the most important shipping lanes in the world. It is named after the Malacca Sultanate that ruled over the strait between 1400 and 1511, the center of administration of which was located in the modern-day state of Malacca, Malaysia. Extent The International Hydrographic Organization define the limits of the Strait of Malacca as follows: History Early traders from Arabia, Africa, Persia, and Southern India reached Kedah before arriving at Guangzhou. Kedah served as a western port on the Malay Peninsula. They traded glassware, camphor, cotton goods, brocades, ivory, sandalw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
String Of Pearls (Indian Ocean)
The String of Pearls is a geopolitical hypothesis proposed by United States political researchers in 2004. The term refers to the network of Chinese military and commercial facilities and relationships along its sea lines of communication, which extend from the Chinese mainland to Port Sudan in the Horn of Africa. The sea lines run through several major maritime choke points such as the Strait of Mandeb, the Strait of Malacca, the Strait of Hormuz, and the Lombok Strait as well as other strategic maritime centres in Pakistan, Sri Lanka, Bangladesh, the Maldives, and Somalia. Many commentators in India believe this plan, together with the China–Pakistan Economic Corridor and other parts of China's Belt and Road Initiative under Chinese Communist Party general secretary Xi Jinping, is a threat to India's national security. Such a system would encircle India and threaten its power projection, trade, and potentially territorial integrity. Furthermore, China's support for I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colm Imbert
Colm Imbert is the Minister of Finance since September 2015 and Member of Parliament for the constituency An electoral district, also known as an election district, legislative district, voting district, constituency, riding, ward, division, or (election) precinct is a subdivision of a larger state (a country, administrative region, or other poli ... of Diego Martin North/East, which he has represented since December 1991. During his lengthy parliamentary career, Imbert has served in numerous government positions. He was previously Minister of Health (2001–2003), Minister of Science, Technology and Tertiary Education (2003–2005), Minister of Works and Transport (1991–1995 and 2005–2010), Minister of Local Government (1993–1995), Chairman of the Public Accounts Committee of the Parliament of Trinidad and Tobago 2010-2015) as well as Leader of Government Business in the House of Representatives (2007–2010). References {{DEFAULTSORT:Imbert, Colm Living people ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trinidad And Tobago
Trinidad and Tobago (, ), officially the Republic of Trinidad and Tobago, is the southernmost island country in the Caribbean. Consisting of the main islands Trinidad and Tobago, and numerous much smaller islands, it is situated south of Grenada and off the coast of northeastern Venezuela. It shares maritime boundaries with Barbados to the northeast, Grenada to the northwest and Venezuela to the south and west. Trinidad and Tobago is generally considered to be part of the West Indies. The island country's capital is Port of Spain, while its largest and most populous city is San Fernando. The island of Trinidad was inhabited for centuries by Indigenous peoples before becoming a colony in the Spanish Empire, following the arrival of Christopher Columbus, in 1498. Spanish governor José María Chacón surrendered the island to a British fleet under the command of Sir Ralph Abercromby in 1797. Trinidad and Tobago were ceded to Britain in 1802 under the Treaty of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of State
The United States Department of State (DOS), or State Department, is an United States federal executive departments, executive department of the Federal government of the United States, U.S. federal government responsible for the country's foreign policy of the United States, foreign policy and foreign relations of the United States, relations. Equivalent to the ministry of foreign affairs of other nations, its primary duties are advising the President of the United States, U.S. president on international relations, administering List of diplomatic missions of the United States, diplomatic missions, negotiating international treaties and agreements, and representing the United States at the United Nations Security Council, United Nations conference. Established in 1789 as the first administrative arm of the Executive branch of the U.S. Government, U.S. executive branch, the State Department is considered among the most powerful and prestigious executive agencies. It is headed b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Daily
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Common forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, and the internal energy contained within a thermodynamic system. All living organisms constantly take in and release energy. Due to mass–energy equivalence, any object that has m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mike Pompeo
Michael Richard Pompeo (; born December 30, 1963) is an American politician, diplomat, and businessman who served under President Donald Trump as director of the Central Intelligence Agency (CIA) from 2017 to 2018 and as the 70th United States secretary of state from 2018 to 2021. He is the first person to have held both of those positions. After graduating from the United States Military Academy in 1986 and his obligatory five-year service as a United States Army officer, Pompeo earned a law degree from Harvard Law School. He worked as an attorney until 1998 and then became an entrepreneur in the aerospace and oilfield industries. Pompeo was elected to the United States House of Representatives from 2011 to 2017, representing . Once a critic of Donald Trump, whom he called "authoritarian", Pompeo became one of his biggest supporters after Trump became the Republican nominee in the 2016 presidential election. Trump appointed him Director of the Central Intelligence Agency ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chuck Grassley
Charles Ernest Grassley (born September 17, 1933) is an American politician serving as the president pro tempore emeritus of the United States Senate, and the senior United States senator from Iowa, having held the seat since 1981. In 2022, he was reelected to his eighth Senate term, having first been elected in 1980. A member of the Republican Party, Grassley served eight terms in the Iowa House of Representatives (1959–1975) and three terms in the United States House of Representatives (1975–1981). He has served three stints as Senate Finance Committee chairman during periods of Republican Senate majority. When Orrin Hatch's Senate term ended on January 3, 2019 following his retirement, Grassley became the most senior Republican in the Senate and its president pro tempore. During his four decades in the Senate, Grassley has chaired the Senate Finance Committee, the Senate Narcotics Committee, the Senate Judiciary Committee, and the Senate Aging Committee. Earl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
