
James A. Dorn
The launch of the Shanghai-Hong Kong Stock Connect takes China a step closer to capital freedom. Before the new trading link, officially known as the Mutual Market Access (MMA) program, investment opportunities for foreign investors have been limited to a select group of fund managers. Now all foreign investors can directly buy shares listed in Shanghai via the Hong Kong Stock Exchange. Likewise, capital is now freer to move southward into Hong Kong.
Russia's new agreement to sell Nigeria arms to combat Boko Haram (BH) is evidence of its desire to expand its global geopolitical influence as well as enhance its reputation for being willing to step in where the West will not. At issue is not simply a common desire on the part of both governments to extinguish extremist movements such as BH, but an interest in finding alternative ways to bypass the conventional arms trade.
The recent midterm elections have sparked hope that a Democratic White House and a Republican-controlled Congress will advance a number of long-stalled customs and trade initiatives. To help lawmakers brighten the holiday season before they adjourn for the year, we put together the following list of bills to boost domestic employment, expand foreign markets, align policy with existing business practices, aid developing countries, and lower consumer prices.
Security will remain high on the Saudi agenda amid concerns over the rise of ISIL, a Sunni jihadist group that has gained control over large sections of Syria and Iraq. ISIL militants overwhelmed Iraqi military forces following the launch of major offensive in June. And while the advance was largely halted with the help of Shiite militias and foreign air support, the occupation of significant territory in northern and central Iraq poses a threat to Saudi unity and regional stability.
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