The risk of relying on the US to protect global shipping and trade


Source: afr.com afr.com

Key Topics in this News Article:

News Snapshot:

But the Centre for Global Development think-tank says the US contributes 0.2 per cent of gross national income to protect international waters, as against an average of 0.015 per cent of the world’s 40 most powerful countries. The Houthis’ attacks are more severe than those of Somalian pirates, but the most pressing danger, given they are backed by a powerful state like Iran, is as a possible trigger or harbinger of large-scale regional wars to come. The risk of such a conflagration is rising, be it the Middle East, Chinese military aggression against Taiwan, or permanent destabilisation of the EU’s...