knowledgesm

Global Affairs Session 25 29 April 2026 FROM PLAZA 1985 TO IRAN 2026 How the World Changed The Plaza Accord did not cause the Iran war, but it helped shape the dollar-centred financial system, Asia’s manufacturing and energy-demand structure, and the globalised economy through which a regional conflict now transmits worldwide economic and geopolitical consequences.

Global Affairs Session 24 28 April 2026 THE PLAZA ACCORD: HOW JAPAN WAS DESTROYED What China (and Iran) are doing This session traces U.S.-Japan relations from war and occupation to alliance and trade imbalance, then argues that the 1985 Plaza Accord’s yen appreciation weakened Japan’s export engine, encouraged monetary expansion, inflated an asset bubble and contributed to long-term stagnation. It then presents the lessons China - and states watching the Iran war of 2026 - may draw about currency control, strategic autonomy, sanctions-proof finance and vulnerable chokepoints.