When Russia Sold Alaska
When the United States took possession of Alaska from Russia, 150 years ago today, it paid less than two cents an acre. So what happened to the global market for territory?
When the United States took possession of Alaska from Russia, 150 years ago today, it paid less than two cents an acre. So what happened to the global market for territory?
Quotes and Quotas is a weekly digest of phrases and facts that help explain Asia’s infrastructure push.
On October 3, U.S. Secretary of Defense James N. Mattis commented on China’s Belt and Road initiative during a hearing before the Senate Armed Services Committee. Chinese and Pakistani officials were quick to defend their flagship route, the China-Pakistan Economic Corridor (CPEC).
How Infrastructure is Reshaping the Eurasian Supercontinent
Earlier this month, the leaders of Japan and India paused to lay the foundation stone for a high-speed railway. Shinzo Abe was visiting Narendra Modi’s home state, where a 500-kilometer bullet train using Japanese financing and technology will link Mumbai and the industrial city of Ahmedabad. Modi called Japan “a true friend” and the train a “symbol of new India.” Abe agreed, saying, “The project symbolizes India-Japan friendship.” It also illustrates the high-stakes competition underway to connect the Eurasian supercontinent. China has stolen the spotlight, but other regional powers are not standing still.