Thomas Hobbes "offered a straight forward, top-down approach to governing human society, based on 'universal truths.'" Sheng and Geng argue that model is a poor fit for today's "highly complex global system."
HONG KONG – We live in an age of systemic gridlock, policy chaos, and sudden-shock failures. How is it possible that Afghan security forces — built and trained by the United States military at a cost of $83 billion over two decades — succumbed to a militia of fighters in pickup trucks in a mere 11 days? How could America’s best and brightest intelligence experts and military leaders have failed to foresee that the rapid withdrawal of U.S. air support and reconnaissance would spell disaster for Afghanistan, and plan their retreat accordingly? Are these not examples of systemic failure?
Look at almost any crisis, and you will see multiple causes and drivers. That is as true for the situation in Afghanistan as it is for the COVID-19 pandemic — another multi-dimensional crisis for which there is no silver-bullet solution. Even carefully designed policies, motivated by the best of intentions, can fail to have the intended effect — and often exacerbate problems in unexpected w
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When China announced it was ending quarantine requirements for incoming travelers, Chinese people collectively picked up their phones to search popular travel apps like Ctrip and Qunar. Owned by travel giant Trip.com, these apps helped Chinese travelers explore the world pre-pandemic and facilitated the human-to-human interactions that drove China's rise. But many of today's travelers seem to be sticking closer to home, and their hesitation to get back to the jetsetting habits of the past 20 years has far-reaching implications — especially for Trip.com.
The professor talks about China's real estate bubble; if China can develop a modern financial system without rule of law; and why it's not China that is reshaping the global order, but the world's response...