
James A. Dorn
Nicaragua’s National Assembly, dominated by the ruling Sandinista party, authorized a 100-year concession to the Hong Kong-based HK Nicaragua Canal Development Investment Co. for the development and eventual operation of a new $40 billion canal through the Central American country. Although HK Nicaragua had been publicly working on the canal deal in Nicaragua for more than a year, the June 13th vote by the National Assembly was symbolic.
China's relationship with the United States is increasingly complex and competitive, and it's bound to get even more complex as China pursues an aggressive growth strategy. When Chinese President Xi Jinping and President Obama met last weekend in California to try and mend their often tenuous relationship, it was clear that China had its own agenda.
Indonesia has much to celebrate. The world’s most populous Islamic nation surmounted the Suharto dictatorship to create a democratic and increasingly prosperous state. If it can overcome secessionist pressures in what remains an artificial country, Indonesia may become an important counterweight to China in Southeast Asia. Indonesians also could encourage Islam to move in a more tolerant direction.
People’s trust in government erodes when there is no genuine rule of law to limit the power and scope of the ruling elite. The latest breach of trust in China is the discovery that more than 40 percent of the rice supply in Guangzhou was tainted with cadmium, a toxic metal. The socialist idea that “power resides in the people” is a mantra without substance.
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