Monday marks the 55th anniversary since the creation of the Association of Southeast Asian Nations (ASEAN) – a ten-member intergovernmental organization. 08.08.2022, Sputnik International
The deeper roots of a potential new Cold War with China iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
“But in this region taken as a whole, new and old fears and recriminations combine with the challenges represented by the gigantic growth of trade with China.”
There was widespread anticipation that the United States would offer more details on its Indo-Pacific security and economic plans in Southeast Asia during Secretary of State Antony Blinken's recent visit to the region. But apart from criticising Beijing's "aggressive actions" in Asia and ensuring competition with China does not veer into a "catastrophic" conflict, details on how the US plans.
YONELA DIKO: SA s economic fate is in the ANC s hands
In his fifth essay of
The Federalist Papers, Alexander Hamilton, the first Treasury Secretary of the United States of America (US), thought leaving everything to the markets was like a wild speculative paradox that no other enlightened nation practiced in historical development.
Hamilton felt that developed countries with developed industries were a threat to the US s young economy in an open marketplace, particularly when those very industries were supported by their own countries governments in their development. He felt that without government support and protection of the US industries, they would perpetually be at a disadvantage.