30 March 2021
China to Invest $400 Billion in Iran under New Investment and Trade Deal
The agreement must still be approved by Iran's Majles. Iranian critics of the agreement have condemned it as one-sided, and contend that it will lock Iran into a subordinate relationship with China. Nonetheless, the Majles is likely to approve the deal:
https://www.nytimes.com/2021/03/27/world/middleeast/china-iran-deal.html
Mexican Government Significantly Increases Its Estimate of Country's Covid-19 Deaths
https://www.bbc.com/news/world-latin-america-56558059
21 March 2021
Britain Plans to Spend More on Defense and Scientific Research -- and to Build More Nuclear Weapons
https://www.economist.com/britain/2021/03/20/britains-foreign-and-defence-policy-shake-up-focuses-on-technology
https://www.economist.com/britain/2021/03/18/britain-is-adding-nukes-for-the-first-time-since-the-cold-war
Chinese Government Moves to Reduce the Power of Internet Companies
[t]he Chinese government [has] escalated its criticisms of the country’s big internet companies. Xi Jinping, the president, chaired a meeting which concluded that some platforms 'are growing in an inappropriate manner'. In another sign that officials think the industry is too powerful, state television aired allegations of tech malpractice, including a claim that Alibaba’s internet browser carried misleading ads. The browser was promptly pulled from app stores.
"Business This Week." The Economist. The Economist Newspaper, Ltd, 20 March 2021. https://www.economist.com/the-world-this-week/2021/03/20/business-this-week. Accessed 21 March 2021.
The Alibaba Group, mentioned above, is one of the world's largest online sellers of goods; it also provides cloud computing, search engine and artificial intelligence services. In November 2020, the Chinese government cancelled the initial public offering of the Ant Group, an online payments service affiliated with the Alibaba Group. The cancellation came just days after Jack Ma, the founder of both Alibaba and the Ant Group and the owner of one-third of the shares of the Ant Group, gave a speech criticizing China's state owned banks and Chinese banking regulations. Ma was not seen in public for several months following the cancellation of the Ant Group's initial public offering.15 March 2021
Mexico to Roll Back Some of its 2014 Power Sector Liberalization Measures
Mexico's current president, Andrés Manuel López Obrador, opposed the measures liberalizing the country's power sector when they were enacted. During his 2018 campaign for the presidency, he criticized those measures as the products of corruption and as making Mexico dependent on foreign sources of power. At his request, the Mexican Congress is currently considering legislation that would give priority to the CFE in supplying power to the national grid, thus partially reversing the power sector reforms of 2014. López Obrador's proposal is expected to become law, even though critics charge that it will make electricity more expensive, undercut Mexico's commitment to reduce greenhouse gas emissions, discourage foreign investment in Mexico, and increase Mexico's dependence on natural gas imports from the United States:
https://www.nytimes.com/2021/03/07/world/americas/mexico-energy-sector-privatization.html
Mexican Chamber of Deputies Votes to Legalize Marijuana for Recreational Use
Last week, the Mexican Chamber of Deputies approved a bill legalizing marijuana for recreational use. Mexicans will be allowed to grow up to eight cannabis plants at home, and possess up to 28 grams (one ounce) of marijuana for personal use. The Mexican Senate is expected to approve the measure. Although Mexican President Andrés Manuel López Obrador is unenthusiastic about cannabis legalization, he is expected to sign the bill into law. Mexico is thus likely to become the third country, after Uruguay and Canada, to legalize marijuana for recreational use:
https://www.bbc.com/news/world-latin-america-56356015
14 March 2021
Calculating the Cost of Brexit
This week, The Economist includes two articles that examine the cost of Brexit to the UK. The first attempts to calculate Brexit's economic costs. It concludes that Brexit will do more damage to the British economy than the Covid-19 pandemic and the repeated shutdowns of businesses resulting from that pandemic:
https://www.economist.com/britain/2021/03/13/the-cost-of-brexit-becomes-apparent
The second explores the possibility that the Unionist paramilitary groups in Northern Ireland, unhappy about the inspection of goods moving between Northern Ireland and the rest of the UK, may resort to terrorist violence or other measures that will undermine the relative peace, prosperity and self-government the province has enjoyed for more than thirty years:
https://www.economist.com/britain/2021/03/13/anger-and-division-among-loyalists-over-the-northern-ireland-protocol
National People's Congress Adopts Legislation Further Eroding Hong Kong's Autonomy
Protests broke out in Hong Kong in 2014 when the Chinese government proposed a new system for choosing the territory's officials that was not fully democratic. Demonstrations broke out in Hong Kong again in 2019 and 2020, when the territory's government proposed legislation that would have allowed Hong Kong residents to be extradited to mainland China on criminal charges: protesters saw this as an attack on Hong Kong's autonomy, and feared that the territory's residents would be tried in mainland China, which has a court system in which defendants have few procedural rights and rarely prevail, for engaging in activities (such as criticizing the Chinese government) that are illegal in mainland China but which were legal in Hong Kong at the time.
The Chinese government was stunned by the intensity of the 2019-20 protests, and by polls showing that as many as 40% of young Hong Kong residents thought that the territory should become independent from China; it quickly cracked down. In June 2020, China adopted legislation that effectively ended the right of Hong Kong residents to exercise the fundamental freedoms guaranteed to them by the Joint Declaration. The arrest and imprisonment of well-known pro-democracy business leaders, journalists, lawyers and activists soon followed. In February 2021, the Chinese government adopted rules providing that only "patriotic Chinese" (territory residents who support the Chinese Communist Party's monopoly on political power in China) may hold office in Hong Kong. This week, China's National People's Congress adopted legislation changing the way the territory is governed, making it considerably less democratic. The promise of "one country, two systems," the basis on which Hong Kong was returned to Chinese sovereignty, is dead:
https://www.economist.com/china/2021/03/13/to-crush-democracy-china-is-changing-hong-kongs-political-rules
07 March 2021
CCP Begins Purge of Internal Security Agencies
https://www.economist.com/china/2021/03/01/chinas-domestic-security-agencies-are-undergoing-a-massive-purge
Social Cleavages and Political Conflict in Nigeria
Nigeria is one such country. More than 250 languages are spoken in Nigeria; the bulk of the population (about two-thirds of Nigerians) belongs to one of three large ethnic groups. Reinforcing Nigeria's ethnic divisions, moreover, is a religious cleavage: northern Nigerian ethnic groups are overwhelmingly Muslim while ethnic groups in southern Nigeria are predominantly Christian. In recent months, ethnic and communal conflict has intensified in Nigeria, exacerbated by opportunistic politicians:
https://www.economist.com/middle-east-and-africa/2021/03/06/how-a-spilled-basket-of-tomatoes-paralysed-nigeria
04 March 2021
Clientelism in Contemporary Africa
In many African countries, voters expect their representatives to the national legislature to help them pay their medical bills, their children's school fees, and the funeral expenses of family members. They also expect their representatives to provide their constituencies with development programs and such essential public services as ambulances. Indeed, during election campaigns, candidates for office often compete for votes by providing their constituents with favors and gifts, in order to persuade voters that they will be (or will remain) good providers if elected. This form of politics is, of course, clientelism. Clientelism is common in many parts of the world today; it also typified urban politics in the United States for most of the 19th and early 20th centuries.
Clientelist politics in contemporary Africa has several significant consequences. First, the cost of running for and holding office is so great that only wealthy men can afford to serve in many national legislatures. Second, once in office, elected officials frequently seek access to state revenues in order to fund the favors and gifts that will keep them in office. In some countries this engenders or exacerbates corruption; in others, it leads to a system in which officeholders displace state agencies as the providers of public services:
Public Office in Hong Kong to be Restricted to CCP Supporters
https://www.economist.com/china/2021/02/27/china-is-mulling-changes-to-hong-kongs-electoral-system