Vladimir Putin’s war on Ukraine has animated the use of economic sanctions in an unprecedented way. Strenuous US-China relations, exacerbated by Nancy Pelosi’s provocative visit to Taiwan, raise the question of whether Washington would impose similar measures on Beijing in the face of a military invasion of Taiwan. Secretary of Treasury Janet Yellen has warned that the Biden administration would do so, while the President himself has pledged defense in case of an unprecedented attack. Though the world’s largest economies are deeply intertwined, a closer look at the composition of these ties, as well as the strategic behavior of corporations, reveals an imbalance that favors the US. Should Beijing invade Taiwan, Washington would turn to sanctions, for it holds the economic sway. On a corporate level, sanctions would incur heavy losses on some companies, but a larger group stands to gain.
Posts published in “North America”
The first national federation of unions, the National Labor Union, was created in 1872 after workers demanded for an eight-hour workday. In the following decades, unions representing an assortment of trades and demands sprang up across the US. Their goal was to protect the rights – to safety, humane conditions, and social and economic freedom – of workers as booming corporations seemingly sought to eliminate them.
Religious institutions across the U.S. are filing lawsuits against their state and local governments, arguing that the social distancing rules meant to slow the spread…
One of the first things I did when I moved to New York was sign up for Wag, an app-based dog-walking service. I love both…
Since the 2016 U.S. election, the Trump administration has tried to keep its campaign promises by making refugee entry into the U.S. as difficult as…
Yesterday’s election saw large numbers of Americans turning up to cast their votes. The New York Times is estimating that some 114 million ballots were cast…
Photo courtesy: Clip Art A year and 375 meetings later, CreateNYC prepares to release a report on feedback from arts and culture creatives, activists, advocates,…
Photo courtesy Wikimedia Commons What if the next time you fell ill, seriously ill—the kind of…
Excerpt from ‘The Torture Report’ | Photo courtesy Sid Jacobson and Ernie Colón On September 17, 2001, the United States took its first steps into a…
The United States may not keep its neighbors behind an iron curtain, but it has certainly asserted regional dominance over the past century. The United…