well our to talk to arvind subramanian who's a senior fellow at the center for global development who thinks china has all that's needed to out run the u.s. economy is a preview of what's coming up here in about thirty minutes time. at the moment china's g.d.p. for example is smaller than that of the united states. but if you measure it in terms of purchasing power it's as big as the united states one second china is already the world's largest trade. three china is a net creditor to the work it finances the u.s. and the u.s. is a debtor so it's this combination of the size of the economy the fact the big trader and the fact that it's a creditor confers on it a lot of power today and over the next ten fifteen years all these numbers are going to go in china's favor so that china is going to become an even bigger economy than the u.s. and even bigger treated in the u.s. . the u.n. chief has rejected calls from syria's rebels to impose a no fly zone over the country to help bring down president there said the demand for the statement from the fighters saying they're no longer committed

coming up next talks to vendors subramanian who's a senior fellow at the center for global development he shares his predictions for the not too distant future about who's going to be holding the reins of power coming up next after the headlines. i'm sitting down with our. leading economist fellow at the peterson institute for international economics and the center for global development. at clips living in the shadow of china's economic. chinese leader. is a really dominating. me at the moment china's g.d.p. for example is. united states. if you measure. its. second china. trade. treaty china is a big. it finances the u.s. and the. size of the economy the fact trader and the fact that it's a creditor. today. in china so. china is going to become an even bigger economy than the u.s. and even bigger treated in the u.s. and continue to be you know financing the u.s. so that combination is what is making china very dominant let me give you one example one example so take the fact that china you know finances the u.s. right or to so much cash three point three trillion dollars worth of cas

talks of in subramaniam is a senior fellow at the center for global development he gives his predictions on who be holding the reins of power in the not too distant future. i'm sitting down with arvind subramanian leading economist fellow at the peterson institute for international economics and the center for global development his book is called eclipse living in the shadow of china's economic dominance and here you say president obama bowing to the chinese leader. is a really dominating i mean many in the u.s. would say that the u.s. is still the richest country in all that is the most powerful economy at the moment china's g.d.p. for example is smaller than that of the united states that's true. but if you measure it in terms of purchasing power it's as big as the united states one second china is already the world's largest trade. treaty china is a big net creditor to the work it finances the u.s. and the u.s. is a debtor so it's this combination of the size of the economy the fact the big trader and the fact that it's a creditor confers on it a lot of power today and over the next

leading economist fellow at the peterson institute for international economics and the center for global development his book is called eclipse living in the shadow of china's economic dominance and here you see president obama bowing to the chinese leader. is he really dominating i mean many in the u.s. would say that the u.s. is still the richest country in the wall that is the most powerful economy at the moment china's g.d.p. for example is smaller than that of the united states that's true but if you measured in terms of purchasing power it's as big as the united states second china is already the world's largest trade. treaty.

my name is jenny from the center for global development. my colleagues and i have been working on a new idea -- a new tool -- diplomatic tool for addressing the situation in syria called progressive contract sanctions. the idea is that the u.s. and uk could declare that as of a particular date all new contracts signed with the assad regime would be deemed illegitimate, not enforceable in the courts. this could be done with other governments and it would be more effective that way. this could have a direct impact on companies in russia and china doing business with the regime by just tightening the squeeze on them essentially and making it known their contracts might not be enforceable if the successor government chooses to repute yat them. it could keep the government from being saddled with debt from the assad regime. think it is a diplomatic tool maybe not having more diplomatic tools. i wonder if you have thoughts on this, other tools and ways to address the russia issue diplomatically. >> i will give a quick answer. there was a question

leading economist fellow at the peterson institute for international economics and the center for global development. at clips living in the shadow of china's economic. leader. it's a really dominating i mean many in the. economy at the moment china. for example is. united states. if you measure. its biggest united states. china. trade. treaty china. the u.s. and the. combination of the size of the economy the fact trader and the fact that it's a credit to. a lot of power today and over the next ten fifteen years. both are going to go all in china's favor so the china's going to become an even bigger economy than the u.s. and even bigger treated in the u.s. and continue to be you know financing the u.s. so that combination is what is making china very dominant let me give you one example one example so take the fact that china you know finances the u.s. right or to so much cash three point three trillion dollars worth of cash if europe gets into trouble it which would happen which country in the world has the ability to be allowed to your the united states china because this three trillion dollars a

leading economist fellow at the peterson institute for international economics and the center for global development. at clips living in the shadow of china's economic dominance. chinese leader. is here really dominating i mean many in the u.s. would say that the u.s. is still the richest country in the wall that is the most powerful economy at the moment china's g.d.p. for example is smaller than that of the united states. but if you measure it in terms of power it's as big as the united states second china is the world's largest trade. tree china is a big creditor it finances the u.s. and the u.s. is a debtor so it's this combination of the size of the economy the facts a big trader and the fact that it's a creditor confers a lot of power today and over the next ten fifteen years all these numbers are going to be in china's favor so the china is going to become an even bigger economy than the u.s. and even bigger treated in the u.s. and continue to be you know financing the u.s. . that combination is what is making china very dominant let me give you one example one example so take the fact that c

i'm from the center for global development. my colleagues have been working on a new idea, a new tool -- a diplomatic tool for addressing these situations. it is called pre-emptive contract sanctions. the basic idea is you declare that, as of a particular date, the assad regime would be declared illegitimate. this can be done multilaterally, with other governments, and would be more effective that way. this could have a direct impact on companies in russia and china doing business with the regime by tightening the squeeze on them and making it known that their contract might not be enforceable if the successor government chooses to repudiate them. it would protect the successor government from being saddled with illegitimate debt from the regime. i think this is a diplomatic tool that could be considered. we discussed maybe not having any more diplomatic tools, so i wonder if your thoughts on this, the diplomatic tools, and other ways we can address the russian issue diplomatically. >> it was a question about diplomacy before di

i am from the center for global development. my colleagues and i have been working on a new tool, a diplomatic tool if you will. the idea is that the debt -- the u.s. and u.k. would assign with a regime that would be legitimate. this could be done multilaterally with other government and be more effective. this could have a direct impact on companies and with russia and china doing business. it might make it clear that their contracts might not be enforceable is the successor government chooses to repudiate them. and the successor government could be saddled with debt from their regime. that could be a diplomatic tool that we could discuss, not having any other diplomatic tools. i wonder if you have any thoughts and other ways that we could address russia and diplomacy. >> that was directed to senator mccain before and i think skepticism is called for. if we look of what the regime is doing -- i wrote a book about the use of force and coercion. that is how middle east politics works. if we are talking about ethnic cleansing, the

center and in the neighborhood. we want to highlight some key points. in order for the u.s. to remain globally competitive, we must promote integrated investments in mobility, environment, and economic development, like the transit center. as for policy magazine states and eloquently, interconnected cities worldwide are the key hubs of global commerce and engines of future growth. in particular, i want to mention spur's urban future work paper, and i want to make sure everybody is aware of this, about our nation's most competitive knowledge service sector, which is based in the bay area. these businesses thrive in a compact, a transit-first environment. as the papers is, facilitating dints clustering in job centers as envisioned around the transit center is key to creating a more robust business environment for existing and new firms and to be seen as key to the region's economic development strategy. just to note, there are 235,000 employees within three-quarters miles of the transit center, which is the densest employment center within our region. the integration of multi-modal infrastructure and transit at the terminal is critical to our regions success, because it will provide seamless tran

to cross-talk what's next for the arab revolutions i'm joined by greg roman in tel aviv he is the director of development at the global research in international affairs center at the interdisciplinary center in cairo we have avi sapir oh he is a journalist and writer and in austin we cross to michael brenner he is a professor of international relations at the university of texas all right gentlemen crosstalk rose in effect that means you can jump in anytime you want i mean if i go to you first in cairo how would you describe the choice to gyptian is have when it comes to the presidential election well first of all thanks for having me you know a lot of people see it as a difficult choice between now islam as and the remnants of the old regime but at the same time there's a lot of optimism that at least the democratic process has begin to work and. you know there's a large segment of society that is excited by both candidates. yes although he is a member of the old regime there are a lot of a lot of people who seeks debility in the coming in the coming years and they see as a viable option and when it comes to morsi the muslim brotherhood has a wide base of

global financi crisis has mutated into debt crisis for europe. the economies of emerging countries are developing at a rapid pace. the result is a shift in the centers of power and wealth. relationships between countries are changing none more so than great britain and its former colonies. >>> britain used to rule vast areas of the globe. today, the empire is a faded memory and so are the riches it once provided. the country is struggling with debt, government and private. companies are accepts buyout offers from other countries. hear rods has been in business since the 1800s. two years ago it was taken over by a middle eastern investment fund that is based in qatar, formally a british route. jaguar lost its roar. india's tata group came to the rescue. a $2.3 billion takeover deal was signed in 2008. it was another sign of the rise of the former colony and a shock for many britains. but many other accept that times have changed. a view suppressed by british prime minister david cameron when he visited india in 2010. >> britain is actually rebuilding some of its manufacturing thanks to indian investment. i mean tata is now the largest manufacturer in

developments in this crisis until we actually see the end of it. and finian coming in who is a middle east and east africa reporter for the center for research on globalization i spoke to a little earlier on r.t. he says the military build up by the saudis and turks syria's border is a coordinated move into. you know your national more reason to separate countries just by chance this is very much a coordinated effort by turkey and saudi arabia to pressure on the. regime the government of saudi arabia turkey among other countries are the two members we were war in syria for the last fifteen months and it's a company of terror there is a man subversion there's there's going to be documented links to the streets to the mercenaries on the ground these people are playing with fire there is no doubt about it at the minute i would say it's a sign of operation and pressure on the government but it could it could precipitate a war we really want and i hear. the chief negotiator in the syrian conflict says he's confident an upcoming meeting in geneva will bear fruit kofi annan has called the gathering of the world's most influential states to find common ground on how

center of global development. my colleagues and i have been working on a new idea, a new tool, a diplomatic tool, if you will for addressing the situation is very called preemptive contract sanctions. the basic idea is that the u.s. and uk could declare that as of a particular day all new contract signed with the. >> host: regime would be deemed illegitimate. it would not be forcible in the uk and u.s. courts. this could be done multilaterally with other governments and it would be more effective that way. this could have a drug impact on companies in russia and china doing business with the regime. by just typing this quiz on them a century and making it known that the contracts might not be enforceable as the successor government chooses to repudiate them. they could protect the successor government from the assad regime. so i wonder, i think that is a diplomatic tool that could be considered. we discussed minot having more diplomatic tools. i wonder if you have any thoughts on this, on of the diplomatic tools and other ways we could address the russia issue diplomatically? >> i would just give a very quick answer and al