Third World and Developing Countries

John Kerry Plans to Meet With Biden to Discuss His Future as Climate Envoy

December 7, 2022 Chin@Strategy

John Kerry, President Biden’s climate envoy, was evasive when discussing his future on Wednesday, saying he had “no plans” to step down, but he would not say if he hoped to continue to represent the country in future global climate talks. Speaking from his Massachusetts home in his first interview since the United Nations climate summit last month in Sharm el Sheikh, Egypt, Mr. Kerry said he intended to talk with Mr. Biden next week “about the road ahead.” The midpoint in any administration is frequently a time of churn.…

Defaults Loom as Poor Countries Face an Economic Storm

December 3, 2022 Chin@Strategy

WASHINGTON — Developing nations are facing a catastrophic debt crisis in the coming months as rapid inflation, slowing growth, rising interest rates and a strengthening dollar coalesce into a perfect storm that could set off a wave of messy defaults and inflict economic pain on the world’s most vulnerable people. Poor countries owe, by some calculations, as much as $200 billion to wealthy nations, multilateral development banks and private creditors. Rising interest rates have increased the value of the dollar, making it harder for foreign borrowers with debt denominated in…

At G20 Summit, Xi and Biden Offer Rival Visions for Solving Global Issues

November 15, 2022 Chin@Strategy

BALI, Indonesia — While President Biden and his Chinese counterpart, Xi Jinping, have eased tensions between their countries, they are vying for influence in Asia and beyond, offering competing stances on how to address poverty and the war in Ukraine. Mr. Xi has cast China as a steadfast partner to the region, rejecting what he described as the United States’ “Cold War mentality” of forming security alliances. At the Group of 20 summit on Tuesday, he spoke loftily about China’s “global initiatives” to fight poverty and strife, while remaining publicly…

In Global Slowdown, China Holds Sway Over Countries’ Fates

October 6, 2022 Chin@Strategy

BEIJING — When Suriname couldn’t make its debt payments, a Chinese state bank seized the money from one of the South American country’s accounts. As Pakistan has struggled to cope with a devastating flood that has inundated a third of the country, its loan repayments to China have been rising fast. When Kenyans and Angolans went to the polls in presidential elections in August, the countries’ Chinese loans, and how to repay them, were a hot-button political issue. Across much of the developing world, China finds itself in an uncomfortable…

India’s Electric Vehicle Push Is Riding on Mopeds and Rickshaws

September 4, 2022 Chin@Strategy

In the United States, luxury-car buyers are snapping up Teslas and other electric cars that cost more than $60,000, and even relatively cheap models cost more than $25,000. Here in India, those are all out of reach of the vast majority of families, whose median income is just $2,400. But an electric vehicle movement is taking place nonetheless, not on four wheels, but on two and three. Electric mopeds and three-wheeled rickshaw taxis that sell for as little as $1,000 are zipping along India’s congested urban thoroughfares, cheered on by…

Most of the World’s Vaccines Likely Won’t Prevent Infection From Omicron

December 19, 2021 Chin@Strategy

A growing body of preliminary research suggests the Covid vaccines used in most of the world offer almost no defense against becoming infected by the highly contagious Omicron variant. All vaccines still seem to provide a significant degree of protection against serious illness from Omicron, which is the most crucial goal. But only the Pfizer and Moderna shots, when reinforced by a booster, appear to have initial success at stopping infections, and these vaccines are unavailable in most of the world. The other shots — including those from AstraZeneca, Johnson…