Military powers, reason for todays special event with professor, author, and peter is 11th newest book is entitled crouching tiger what China Military means for the war. And delighted to have not only peter here today, but also to also distinguished psychological larceny of china toshi and steven helper hear from each of them after the main presentation by peter, but first let me just say a few words to frame the china debate in the context of todays event. This is december 7th, december 7th is reminder of both straw toggic surprise and how a raising asia power might seek expansion of the influence and control throughout asia even at the expense of major power war. The concern today, however, is that a reemerge nationalistic and increasingly revision of china is bent on a influence and undermining First World War order. Trying to restore china greatness and he simultaneously thinks to rejuvenate chinese nation and preserve communist party. In addition to comprehensive reforms at home s
I think its true that in general private sector firms really do care about reputational risk, dont want to deal with people that are involved with illicit finance. I think its also true that the work of tfi over this last set of years and sort of putting up the mirror and reminding people of this proposition and reminding them that theyre watching and that there are consequences to people who are insufficiently attentive to this set of things has been critically important in both reminding folks and sort of heightening their sensitivities because its not every private sector actor, certainly not globally. Certainly not in geographies, you know, near and far, that have over time given this sufficient attention. I think its the combination of it being in the economic interest of private sector entities and the work that tfi, david, and stewart, their colleagues, and others in the u. S. Government have done to help keep that kind of in the top of consciousness consistently that has been t
Attractiveness of the dollar as compared to other things, its also true that a lot of these regimes are pretty multilateral, so in those circumstances, it doesnt really create competitive advantages to the dollar. I would say more importantly, the basic dimensions of why the dollar is the worlds reserve currency, at least as far as my eye can see, are unlikely to go away, and in particular, since its a comparative judgment, because Something Else would have to replace the dollar as the worlds reserve currency, as far as my eye can see, i couldnt see Something Else being a meaningful competitor. You know, not what i would call short and intermediate time horizons. You think about the alternatives, the euro, as someone said earlier, steve hadley or tom donovan, it wasnt 18 months ago we were worried about whether the euro was done. I think lots of questions about contract sanctity and other kinds of things, obviously currency is doing well relative to its history and certainly to chinas
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