Word: korea
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...South Korea...
...Annual Culture Show: A Year in Korea...
...wants to invest here, so we're going to make our own rules. This is the sort of challenge China will pose in many areas. It'll want to configure the system so it fits its needs - whether in relation to exchange rates, nuclear proliferation, how to handle North Korea or how to ensure that the benefits of information technology flow freely. In all these areas, we will need to find new global rules that don't isolate China. Beyond that, we need to ensure that real co-evolution gives China what it wants most: stability. (See pictures of Obama...
...compelling reasons for the RMB to rise. A revaluation will help China rebalance its economy by increasing the attractiveness of imports from everywhere; both developing nations like Vietnam and Thailand, whose own industrial development has been stunted by an undervalued RMB, to traditional manufacturing powers like Japan and South Korea will all likely benefit. That fact might not win votes in rust belt America - and the U.S. Congress may be only temporarily appeased - but it is a fact: The global economy desperately needs China to pull more weight, and a stronger RMB helps...
...nuclear weapons against non-nuclear states - as long as they are not seen to be developing nuclear weapons. This is both a carrot and a stick for countries with suspected weapons aspirations such as Iran and Syria, as well as those with confirmed nuclear programs, like North Korea. The carrot? A guarantee of security if they fall in line with the Nuclear Non-Proliferation Treaty (NPT). The stick? The possibility, however remote, of nuclear war if they don't. In an interview before the NPR's release, Obama said that, in a change from the past, the U.S. would...