Ever wondered why the prices of commodities keep rising? In the realm of commerce, the change of prices is a constant. However, when the prices of a multitude of goods and services rise collectively, a phenomenon known as inflation emerges.  If you feel like your money doesn’t stretch as far as it used to, that’s the erosion of currency value over time that we call inflation. But here is the twist – even when inflation is slowing down, prices aren’t necessarily falling; but rather, increasing at a slower pace.

Recent times have witnessed a noteworthy shift in economic discourse, marked by a renewed concern over inflation. After a prolonged period of perplexity surrounding persistently low inflation, the onset of the COVID-19 pandemic instigated a substantial departure, introducing an era characterized by stubbornly high inflation. This surge in prices is linked to various factors.

These factors for the inflationary trend can be interpreted along the lines of supply and demand. On the supply side, disruptions stemming from COVID-19, such as logistical challenges and workforce shortages, converged with spikes in energy and food prices induced by geopolitical events, notably the Russian invasion of Ukraine.

Simultaneously, on the demand side, substantial financial injections into households and enterprises by governments during the pandemic aimed at mitigating the impacts of lockdowns and layoffs resulted in an increased money supply, potentially contributing to the inflationary surge.

This economic shift, has exacerbated financial burden as a result of pivotal commodities experiencing substantial price increments—such as housing, energy, and food, particularly for those whose income has not kept pace with inflation. In many countries around the world, peaking inflation had threatened governments with social unrest, noteably in Sri Lanka ,Pakistan and numerous countries in Latin America, as well as protests in relatively high income countries like the U.K.

As inflation persists, in this month’s book bundle we examine books that demystify inflation, delve into unexplored trends, address common policy mishaps, and offer solutions to aid both policymakers and citizens to sustainably navigate these seemingly precarious times.

Inflation: What It Is, Why It’s Bad, and How to Fix It unravels the complexities of the most significant inflationary upheaval in over four decades, a phenomenon that has gripped headlines and left many grappling with the tangible impacts on their finances. Against the backdrop of the cost-of-living surge triggered by the COVID pandemic, the book sounds the alarm about the potential resurgence of a “Great Inflation,” with some observers expressing concerns of an even more ominous descent into hyperinflation that has historically devastated nations.

In response, the authors, Steve Forbes, Nathan Lewis, and Elizabeth Ames, engage readers in a captivating discussion that not only answers pressing questions but also charts a course for preparing for an uncertain future.

The authors draw on their expertise—Forbes as the chairman of Forbes Media, Lewis as an internationally recognized authority on money and taxation, and Ames as an accomplished author and journalist—to challenge prevailing misperceptions that have contributed to the current crisis.

They confront the widely held belief that central banks can spur prosperity by conjuring money “out of thin air” and debunk the notion that a certain level of economic “stability” necessitates “a little inflation.” These ideas, treated as sacrosanct in Washington for decades, are scrutinized in detail in Inflation exposing why they are flawed and how they have fueled the existing challenges.

The book critically examines the heedless money-printing and underscores the perilous path such policies could lead us down. Through a compelling blend of examples drawn from contemporary headlines and historical episodes, Inflation offers a real-world exploration of the subject, directly addressing the everyday concerns of individuals dealing with the tangible consequences of rising prices. Moreover, the authors provide practical steps that readers can take to protect their wealth.

Steve Forbes, Nathan Lewis, and Elizabeth Ames, Inflation: What It Is, Why It’s Bad, and How to Fix It (Encounter Books, 2022) ISBN: 9781641772433, 196 pages

In The Inflation Myth and the Wonderful World of Deflation, Mark Mobius embarks on a journey that might just prove everything we conventionally know about inflation wrong, presenting a thought-provoking narrative that questions the very foundations of our economic understanding.

In a world marked by rapid technological advancements, Mobius contends that our traditional metrics for measuring inflation are no longer adequate, urging readers to reconsider long-held beliefs about the economic phenomenon.

Mobius explorates of the shifting landscape of technological innovation driving the creation of cheaper and superior products. The heart of his argument lies in the assertion that these transformative changes are not accurately reflected in the ways we currently measure inflation. The book boldly contends that our contemporary understanding of inflation is nothing short of a myth.

One of the book’s standout features is its illumination of the political dimensions of inflation measurement. Mobius exposes the unsettling reality of governments manipulating and exploiting inflation figures to align with their economic agendas. He delves into the extreme challenges involved in gathering accurate data for inflation measurement, highlighting the inherent inaccuracies that result from these endeavors.

A crucial point of contention raised by Mobius is the fallacy of relying on currencies as a measure of inflation when these very currencies are continually being debased by the governments that issue them. This revelation challenges readers to reconsider the reliability of traditional economic indicators and prompts a deeper examination of the intricate relationship between currency devaluation and inflation.

Most significantly, Mobius underscores the impact of technological advancements and automation on the continuously falling costs of goods and services. The book articulates how these advances contribute to a deflationary trend, contrary to the prevailing narrative of perpetual inflation. Through compelling arguments and well-supported evidence, Mobius encourages readers to recognize the transformative power of technology in reshaping our economic landscape.

Mark Mobius, The Inflation Myth and the Wonderful World of Deflation (Wiley, 2020) ISBN: 978-1-119-74142-8, 256 Pages

Another important myth-busting source is We Need to Talk About Inflation: 14 Urgent Lessons from the Last 2,000 Years. In the book, economist Stephen D. King delivers a compelling exploration of the resurgence of inflation, exposing the desperate gullibility of central bankers, finance ministers, and the collective failure to learn from historical lessons. The book dismantles the widespread assumption that inflation was a relic of the past, revealing a new economic reality that threatens to exacerbate wealth inequality on a global scale.

In a world where investors, monetary authorities, governments, and policy makers had collectively believed inflation to be a thing of the past, King highlights the startling emergence of a poisonous economic reality. This new reality brings with it the ominous specter of increasing wealth inequality, forcing individuals worldwide to confront the profound implications of this unforeseen turn of events.

King, having been among the few to sound the alarm ahead of the latest inflationary upheaval, delves into the roots of the current situation. We Need to Talk About Inflation becomes a beacon, shedding light on the key lessons from history that policy makers either ignored or chose not to heed. From the days of ancient Rome through the American Civil War and up to the asset bubbles of today, King traces the common threads of inflation, attributing its resurgence to policy errors, sovereign greed, and a collective loss of faith in currencies.

The book stands as a sobering reminder that the economic challenges we face today are not unprecedented; they are deeply rooted in a historical continuum of bad judgment and misunderstanding. We Need to Talk About Inflation serves as a crucial intervention, cutting through centuries of oversight and misinformation to offer actionable insights that can be implemented now.

Stephen D. King, We Need to Talk About Inflation: 14 Urgent Lessons from the Last 2,000 Years (Yale University Press, 2023) ISBN: 9780300270471, 240 pages

Paul Mattick’s The Return of Inflation: Money and Capital in the 21st Century emerges as both a historical retrospective and a contemporary analysis, offering a profound examination of what is undeniably the defining economic concern of our time.

Mattick’s work delves into the surprise surge in price increases. Amidst the varying perspectives on the current economic landscape, there is unanimous agreement on one aspect: the imperative to curb inflation, even if the methods to achieve this goal are a subject of contention.

The Return of Inflation distinguishes itself by placing contemporary events within the broader context of capitalism’s history. Mattick skillfully entwines the past and the present, providing readers with a comprehensive understanding of the economic forces at play. An exploration into the nature of money serves as a foundational element of the book, offering readers a concise and jargon-free grasp of recent inflation trends and the strategies implemented to manage them.

What sets this book apart is its ability to demystify the complexities surrounding inflation. Mattick takes the reader on a journey through the historical antecedents of inflation, shedding light on the evolving dynamics of the economy. Through this lens, the book illuminates the state of our contemporary economic landscape, offering insights that bridge the gap between past and present.

Mattick’s insightful exploration provides a nuanced perspective on the current economic challenges and offers a valuable resource for those seeking clarity on the defining economic concern of our time.

Paul Mattick, The Return of Inflation: Money and Capital in the 21st Century (Reaktion Books, 2023) ISBN: 9781789147919, 184 pages

The United States’ withdrawal from Afghanistan marks a pivotal moment in modern history, with far-reaching implications for both regional dynamics and global security. After nearly two decades of military involvement, the decision to withdraw American troops from Afghanistan raised critical questions about the future of the country, the stability of the region, and the legacy of American intervention.

The withdrawal process, which began in earnest in May 2021 and culminated in the complete evacuation of U.S. forces by August of the same year, unfolded against a backdrop of political, security, and humanitarian challenges. The decision to end America’s longest war was driven by a range of factors, including shifting domestic priorities, war fatigue among the American public, and a reevaluation of strategic objectives in an evolving geopolitical landscape.

The consequences of this withdrawal, however, extend far beyond the withdrawal itself. As the Taliban rapidly regained control of large swaths of territory, including the capital city of Kabul, the chaotic scenes of desperate Afghans seeking to flee and the subsequent collapse of the Afghan government reverberated across the globe. The vacuum left in the wake of the withdrawal has raised concerns about the potential for a resurgence of terrorism, the erosion of hard-fought gains in human rights and women’s rights, and the regional power dynamics as neighboring countries seek to assert influence in the aftermath of the U.S. departure.

In August in Kabul, Andrew Quilty, a Walkley award-winning journalist, presents a gripping account of the historic fall of Kabul. Through the eyes of witnesses on the ground, Quilty unveils the dramatic events that unfolded as the Taliban seized control of the Afghan capital, marking the abrupt and humiliating end of America’s longest mission.

Quilty’s narrative is powerful and illuminating, weaving together the personal stories of resilience, fear, and hope that unfolded amidst the chaos. He skillfully highlights the complexities of the situation, providing readers with a nuanced understanding of the larger geopolitical forces at play and the far-reaching consequences of foreign intervention in Afghanistan in chronological order.

August in Kabul captures the resilience and spirit of the Afghan people, who have endured decades of conflict and upheaval. It also serves as a stark reminder of the limitations and failures of foreign intervention. It is a vital contribution to the historical record, offering readers a remarkable and deeply human perspective on a pivotal moment in recent history. With meticulous research, powerful storytelling, Quilty crafts a narrative that will leave a lasting impact on readers, urging them to reflect on the complexities of war, its aftermath. August in Kabul is a must-read for anyone seeking to understand the complexities of the Afghan conflict and the profound impact it has had on individuals and nations alike.

Andrew Quilty, August in Kabul: America’s Last Days in Afghanistan (Bloomsbury Academic, 2023) ISBN: 9781350370319, 272 pages

Written by Dilara Özer

Military assistance to Ukraine and its NATO membership are two separate matters. In fact, there is almost complete consensus among Alliance members to provide military assistance to Ukraine. Although some NATO members, such as Germany, were initially reluctant, they have come around to Washington’s line under pressure from their domestic public opinion, Europe, and the United States.

In the early stages of the Russia-Ukraine war, Berlin was only prepared to provide Ukraine with troops, but it has now supplied the country with Leopard 2 tanks and advanced air defence missiles. From this point of view, NATO, which has organized itself very quickly and decisively to support Ukraine militarily, will continue this support until it achieves its goals with regard to Russia.

There are already problems with the production of ammunition for certain weapons due to their intensive use on the Ukrainian front, yet, one of the most important factors determining the course of the struggle between NATO and Russia will be the production of weapons and ammunition, given that Russia is experiencing similar problems to a much greater extent.

The issue of Ukraine’s NATO membership, which is expected to be one of the main items on the agenda at the Vilnius summit, has caused serious disagreement between member states. Some, particularly the Baltic and several Eastern European countries, argue that Ukraine should become a member of NATO quickly, while others, such as the United States and Germany, where there is intense internal debate on the issue, oppose such a quick decision.

Those in favor of a more cautious approach suggest to wait until the end of the war to decide on the issue, fearing that Ukraine’s possible NATO membership during the war would draw them into direct armed conflict with Russia and would also complicate peace negotiations with Russia. They are considering postponing a decision in the hope that, at the end of the war, there will be a weakened Russia unable to oppose Ukraine’s NATO membership. Therefore, it seems unlikely that a decision on Ukraine’s NATO membership will be taken at the Vilnius summit.

However, given the establishment of a NATO-Ukraine Council and the strong likelihood that Ukraine will not be required to meet the preconditions of the Membership Action Plan for the accession of new members, such as the fight against corruption, which was previously included in the Membership Action Plan adopted at the Bucharest Summit, the door will be left open for Ukraine’s membership in the medium term. This issue will be closely linked to the development of NATO’s Russia policy and the outcome of the war. Moreover, Russia’s policy towards the West will be crucial to Ukraine’s NATO membership.

For NATO members, such as Italy and Spain, which have not yet resolved their economic problems caused by the Euro debt crisis, increasing their military spending from 1.5% to more than 2% would mean additional problems for their budget balances. In addition, the military spending of NATO members such as Canada, Belgium, the Netherlands, the Czech Republic, and Ireland remains well below the Alliance’s target. It should be recalled that NATO has set the 2% limit as a minimum target, and Secretary General Jens Stoltenberg has persistently called for more than 2% military spending in the member states he has visited.

While Russia’s aggression in Ukraine has created a strong motivation for NATO to increase military spending, the disruptions it has caused to energy and food supplies, and prices, and the resulting economic challenges have left many members struggling to find the financial resources to increase their military spending. It is worth noting that NATO members, especially those with growing economic problems, will find it difficult to meet the Alliance’s targets for increasing military spending.

Meanwhile, the U.S. administration wants to see its NATO allies on its side in the fight against China, just as it has done with Russia. Yet, it is no secret that there are members who have reservations about this; Germany, France, and Turkey are among such countries, albeit for different reasons.

In the aftermath of the Trump era, European NATO members are struggling to trust the United States, making it difficult for them to follow Washington’s lead, especially when it comes to a policy towards China. The same reluctance was also present about a policy towards Russia; however, the Russia-Ukraine war helped to remove this reluctance and align countries behind the U.S. Now Washington wants to capitalize on this shock momentum and rally its European allies behind its line against China.

In addition to the shock effect of Russia’s aggression in Ukraine, the U.S. has another advantage in rallying the Europeans behind it: “American friends” in Europe. These “American friends,” commonly known as Atlanticists, are everywhere in Europe. They are in power in countries like Lithuania, Estonia, and Poland, and are partners in coalition governments in countries like Germany.

Given that China has not made a mistake similar to Russia’s aggression against Ukraine, but instead is trying to create a sphere of influence for itself through economic cooperation, and given its close economic ties with some European countries, it will not be as easy for Washington to rally NATO members behind its fight against Beijing as it has been to rally them against Moscow.

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he Taiwan Strait has emerged as a geopolitical hotspot, garnering significant attention due to the escalating tensions between the United States and China. This narrow body of water, separating the island of Taiwan from mainland China, has become a focal point of power struggles and competing interests in the Asia-Pacific region.

China’s rise as a global power, both economically and militarily, has fueled concerns over its pursuit of reunification with Taiwan, which currently enjoys de facto independence from China. President Xi Jinping has made reunification a cornerstone of his administration, employing a combination of diplomatic pressure, military posturing, and economic incentives to isolate Taiwan diplomatically and erode its international standing. China’s military modernization, including the development of advanced weaponry and naval capabilities, has increased its capacity to forcefully assert its territorial claims. Meanwhile, the U.S. engages with Taiwan in a way China views as provocative. Should we be concerned?

In War and Peace in the Taiwan Strait, Scott L. Kastner delves into the increasingly tense relationship between China and Taiwan. As fears of a potential military conflict loom large, Kastner offers readers a comprehensive and nuanced analysis of the factors that could lead to hostilities while emphasizing that the situation should not be exaggerated. This book not only sheds new light on the prospects for cross-strait military conflict but also explores the pathways that could either lead to or help prevent such a crisis.

Kastner begins by examining the complex implications of deepening economic integration between China and Taiwan. While economic ties have historically been seen as a stabilizing force, the author delves into the potential risks that arise as a result of this interdependence. He further explores the shifting balance of military power in the region, considering the implications of China’s military modernization efforts and the potential impact on Taiwan’s defense capabilities. These dynamics, coupled with uncertainty surrounding the future of U.S. commitment to Taiwan’s security, contribute to the complex landscape of the Taiwan Strait. A crucial question Kastner considers in his book is whether the United States would come to Taiwan’s defense.

The author also highlights the significance of domestic political changes in both China and Taiwan. By analyzing the internal dynamics within these two entities, Kastner provides readers with a deeper understanding of how domestic factors can shape cross-strait relations and potentially impact the likelihood of military conflict. Kastner delves into an in-depth examination of the intricately intertwined economies of Taiwan and China, as well as their historical background and the significance of freedom in the Taiwanese context.

While the risks of conflict are indeed real, Kastner’s analysis offers a more tempered perspective, emphasizing that war in the Taiwan Strait is far from inevitable. He argues that there are multiple distinct pathways that could lead to hostilities, and the mechanisms that may mitigate one type of conflict might not necessarily be applicable to others. However, the book underlines the presence of powerful mitigating factors, combined with plausible steps to reduce the likelihood of military conflict, providing a glimmer of hope for avoiding a catastrophic outcome.

Combining international relations theory with meticulous empirical analysis of regional trends, Kastner presents readers with valuable insights into the potential occurrence of war in the Taiwan Strait and, more importantly, how such a conflict can be averted. The book equips policymakers, scholars, and interested readers with the knowledge necessary to navigate this complex geopolitical landscape.

War and Peace in the Taiwan Strait is a timely work that provides a comprehensive examination of the risks and possibilities surrounding military conflict in the region. Kastner’s expertise and meticulous research contribute to a vital perspective that not only deepens our understanding of the Taiwan Strait issue but also provides valuable insights into maintaining peace and stability in the region.

Scott L. Kastner, War and Peace in the Taiwan Strait (Columbia University Press, 2022) ISBN: 9780231198653, 272 pages

Written by Dilara Özer

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he Pacific is heating up. The rise of China rocks the balance of power making room for an emerging new order. In this month’s book bundle, we present eight books about the hottest topic of international affairs: the U.S.-China rivalry. What awaits the world as tensions rise? This selection approaches the topic from comprehensive and diverse angles ranging from international relations theory assumptions to the most outstanding topics of the U.S.-China rivalry such as economic leadership and information war.

The competition between the two great powers has overtaken the world agenda and is shaping foreign policy decisions globally. Therefore, this book bundle was compiled with special attention to the reactions of middle and smaller powers in the face of this competition, aiming to give the reader a broader perspective to interpret what awaits the world more holistically.

Will the shift in the balance of power between the U.S. and China lead to a war? International relations theory predicts that shifts between a hegemon and a rising power may trigger actions with such consequences. Steve Chan examines how many of these theories hold true in the case of U.S.-China relations with Taiwan remaining a flash point for a possible Sino-American conflict.

Rumbles of Thunder: Power Shifts and the Danger of Sino-American War further explores the risk-oriented popular narratives on the topic with sound and well-grounded judgement, considering whether several factors that can raise or lower international tension apply to the current situation. Chan criticizes overly mechanistic frameworks and shows that power shifts do not predetermine violent outcomes—and neither does their absence ensure peace. In fact, many factors like domestic politics, international political economy, and the choices of individual leaders come into play.

Rumbles of Thunder demonstrates that claims of a “rising China” catching up and overtaking the United States are alarmist, and Chan predicts that American structural advantages will endure for some time to come. Contrary to popular belief, Chan does not maintain that China acts like a revisionist power seeking to overturn the system or that the U.S. is defending the international order. Rumbles of Thunder brings a fresh analytical outlook to the table and challenges conventional wisdom on the likelihood of war between the United States and China.

Steve Chan, Rumbles of Thunder: Power Shifts and the Danger of Sino-American War (Columbia University Press, 2022) ISBN: 9780231208451, 336 pages

In Accidental Conflict: America, China, and the Clash of False Narratives, Stephan Roach argues that the conflict between the U.S. and China wouldn’t have emerged were it not for a needless clash of false narratives, and that much of the rhetoric on both sides is dangerously misguided, amplified by information distortion, and should be seen more like a reflection of each nation’s fears and vulnerabilities than a credible assessment of the risks they face. The U.S. blames its trade and technology threats on China yet overlooks its shaky saving foundation. Meanwhile, China blames its growth challenges on the alleged U.S. containment of market-based socialism, ignoring its failed economic rebalancing.

Accidental Conflict: America, China, and the Clash of False Narratives provides an analysis of both nations’ economies, politics, and policies, and offers a new road map for restoring a mutually advantageous relationship. The book will be available in paperback on June 6, 2023.

Stephan Roach, Accidental Conflict: America, China, and the Clash of False Narratives (Yale University Press, 2022) ISBN: 9780300259643, 448 pages

Kevin Rudd, a former Australian prime minister who spent more than forty years in China, puts the turbulent relationship between the U.S. and China under the spotlight with insightful analyses based on his firsthand understanding of the mindsets of the leadership whose judgment will determine whether the future course of events will escalate to a war.

Rudd provides context as to why the U.S.-China relationship rests on a seismic fault: cultural misunderstanding, historical grievance, and ideological incompatibility are all pivotal antecedents. The antagonism between the two superpowers is starkly visible, among others, in the field of military, intelligence, technology, and trade, while either country’s capacity to draw the last straw grows daily.

Against this gloomy backdrop, Rudd constructively argues that the relationship is not doomed to escalating tension and war. If both sides can sustain a “managed strategic competition” by coexisting without betraying their core interests, conflict could be avoided. However, the opposite could be catastrophic. The Avoidable War: The Dangers of a Catastrophic Conflict between the US and Xi Jinping’s China demystifies the actions of both sides, explaining and translating them for the benefit of the other.

Kevin Rudd, The Avoidable War: The Dangers of a Catastrophic Conflict between the US and Xi Jinping’s China (PublicAffairs, 2022) ISBN-13 9781541701304, 432 pages

As the U.S. faces the first real challenge to its economic hegemony with the rise of China, The United States vs. China: The Quest for Global Economic Leadership sees experienced policymaker, economist, and scholar C. Fred Bergsten analyze the two great powers’ competition from the scope of global economic leadership. Is economic conflict beyond the existing trade war inevitable between China and the U.S.? Will their clash produce a new economic leadership vacuum? What can the consequences of a world economy adopting Chinese characteristics be?

According to Bergsten a confrontation between the two would be calamitous. He further argues that it would be self-defeating for the U.S. to attempt to “decouple” from its rival. Bergsten advices the U.S. to pursue “conditional competitive cooperation” to lead, rather than destroy, the world economy instead of a policy of containment. As for China, he recommends exercising constructive global leadership.

Fred Bergsten, The United States vs. China: The Quest for Global Economic Leadership (Polity Press, 2022) ISBN-13 978-1509547357, 384 pages

Is China really a threat to the U.S. or just a threat to its unilateral superpower status? According to Paolo Urio, the U.S. has historically disguised the true nature of its relations with the nations that have stood in the way of its ambitions, often projecting fear of harm from other nations even as it was expanding its dominion over them. America and the China Threat: From the End of History to the End of Empire revisits and debunks the idea of the universality of U.S. values, and the perception of the imperial, dictatorial, and state capitalist character of today’s China. It provides a historical analysis of the divergent ideologies of the U.S. and China, and reveals the source of strain the U.S. faces in adapting to the changes occurring in the international system that has moved beyond its exceptionalism and uncontested leadership, now challenged by China.

Urio challenges the U.S. proclamation that it alone can assure stability and prosperity in the international system, while demonstrating that Chinese ideology has achieved greater flexibility by integrating values imported from the West and several Confucian values. Urio argues that China is better able to adapt its public policies to changes in the national and international environments. America and the China Threat: From the End of History to the End of Empire further addresses China’s significant military and economic advances and its new investments.

Paolo Urio, America and the China Threat: From the End of History to the End of Empire (Clarity Press, 2022) ISBN-10 1949762505, 476 pages

Information War: How Artificial Intelligence Is Driving U.S.-China Military Competition addresses a crucial variable shaping the intensifying confrontation between the U.S. and China: the struggle to control information. How will modern technology be wielded in a rising conflict between the two superpowers?

Technology and national security expert Tom Stefanick argues that the two contemporary superpowers will base their security competition primarily on the fight to dominate information and perception. How will the adversaries attack the other’s information architecture while protecting their own? Stefanick highlights that the way each country chooses to employ information countermeasures will determine the amount of friction and uncertainty in the conflict.

Stefanick draws attention to artificial intelligence, which will play an important role. Information War: How Artificial Intelligence Is Driving U.S.-China Military Competition reviews the recent Chinese research and trends in AI to determine how it will approach the conflict, and provides a sober view of how artificial intelligence will be weaponized in the new information war.

Tom Stefanick, Information War: How Artificial Intelligence Is Driving U.S.-China Military Competition (Brookings Institution Press, 2022) ISBN-13: 9780815738824, 280 pages

China expert Andrew Small offers an eclectic view of a rivalry ranging far beyond “great power” politics. He provides the inside story of a revolution in the China policy of countries from around the world. The Rupture: China and the Global Race for the Future explains a diverse range of topics such as how many of the Western politicians and business leaders closest to Beijing have now become its sharpest opponents, how the COVID-19 pandemic dramatically accelerated this trend, and why 5G represents the first test case as to whether China can win the race for the future.

As competition grows between systems, the Western model itself is transforming given that China’s rise changes both the balance of ideas and the balance of power. Small traces U.S. efforts to recast relations with old allies, examining Europe’s growing role in the technological and economic contest, and Beijing’s attempts to build a coalition of its own.

Andrew Small, The Rupture: China and the Global Race for the Future (Hurst Publishers, 2022) ISBN 9781787387782, 304 pages

What path does a middle power take when engrossed in the competition between great powers? Do they get caught up between the two or forge a path of their own? In the heating U.S.-China rivalry, what are the strategic responses of middle powers in the Asia-Pacific? The Strategic Options of Middle Powers in the Asia-Pacific examines these questions through the specific case studies of South Korea, Australia, Japan, India, Taiwan, and Vietnam from their local perspectives.

With each chapter, written by experts, the book provides comprehensive studies of the regional powers in the Asia-Pacific with an in-depth examination of the contemporary geopolitics of the region, including the impact of both the Trump and Biden administrations, Beijing’s “wolf warrior” diplomacy, cross-strait relations with Taiwan, and the influences of Japan, Vietnam, Australia, and South Korea. The Strategic Options of Middle Powers in the Asia-Pacific reveals that regional middle powers actually exert influence on the direction of regional cooperation in the Asia-Pacific, and develops theories of foreign policy analyses, forming a systematic framework through initiating crucial concepts, including reluctant hedging, economic statecraft, and strategic position-taking.

Chien-Wen Kou, Chiung-Chiu Huang, Brian Job, The Strategic Options of Middle Powers in the Asia-Pacific (Routledge, 2022) ISBN 9781003156314, 278 pages