Theo Beal

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Economic security: A need for a renewed global effort

InternacionalEconomía

Despite the significant private sector successes in keeping products supplied globally, a reassessment of preparedness has intertwined with the pre-existing sentiment of cautiousness towards external economic threats in the 21st century, heightened by the US-China trade war in 2018 and 2019.

This has led to the increasing appearance of national ‘economic security’ in the lexicon of global administrations, certain to be amplified by the impact of the ongoing war in Ukraine on trade and supply in key energy and agricultural sectors.

In the Asia-Pacific region, Japan’s new prime minister Fumio Kishida has established a dedicated Minister for Economic Security and is in the process of legislating a landmark Economic Security Bill.…  Seguir leyendo »

Campaign booklets featuring a picture of Japan's Prime Minister Fumio Kishida on the front cover are stored in a box ahead of a Liberal Democratic Party campaign rally, 30 October 2021 in Tokyo, Japan. Photo by Carl Court/Getty Images.

MundoAsia,

With victory in Sunday’s general election, Fumio Kishida has solidified his role as prime minister of Japan. While he can finally emerge from the shadows cast by the criticized COVID-19 response of his predecessor, Suga Yoshihide, he is also burdened with an ambitious mandate. His challenge will be to balance domestic economic reform with a foreign policy agenda for increased geopolitical influence in the Indo-Pacific as he aims to achieve the twin goals of peace and prosperity.

A ‘new capitalism’

Kishida’s pre-election announcement of a redistributive domestic economic policy that aims to close wealth disparities, grow the middle class and focus on small business, showed a different side of a man often portrayed as a solid, mild-mannered and pragmatic presence.…  Seguir leyendo »