Has the eurozone crisis ended? Many politicians in Europe, including France’s president François Hollande, seem to think so. Well, not so fast. Far from ending, the crisis is yet to reach its most difficult phase. It is easy to see why politicians claim the crisis is over. Greece has just been promised another €50bn, provided it accepts […]
What is it with South Asia’s strongmen and top judges? Only five years ago General Pervez Musharraf of Pakistan found he had bitten off more than he could chew when he tried to sack Chief Justice Iftikhar Chaudhary. Now President Mahinda Rajapaksa wants Sri Lanka’s Chief Justice out, but like her Pakistani counterpart, Shirani Bandaranayake […]
Lying in a Beijing military hospital in 1990, General Wang Zhen told a visitor he felt betrayed. Decades after he risked his life fighting for an egalitarian utopia, the ideals he held as one of Communist China’s founding fathers were being undermined by the capitalist ways of his children — business leaders in finance, aviation […]
As the report at the 18th Party Congress has stated, China will hold high the banner of socialism with Chinese characteristics. It will free up the mind and implement reform policies. It will open up, pool strengths, overcome difficulties, and strive to complete the building of a moderately prosperous society. By 2020, when the CPC […]
t every South Asian Association for Regional Cooperation (SAARC) conference member states advocate strengthening regional integration through the creation of some kind of common economic union, expanding people-to-people contacts, and reclaiming South Asia’s shared heritage. No doubt engagement between these eight nations has increased over the years. Trade between the bloc and people to people contacts have […]
The passing year was the People’s Republic of China’s (PRC) first opportunity to get up close and personal with the United States’ pivot back to Asia, the strategic rebalancing that looks a lot like containment. The PRC spent a lot of 2012 wrestling with contentious neighbors emboldened by the US policy, like Vietnam and the […]
“A modest man,” Winston Churchill supposedly quipped about Clement Attlee, his successor as prime minister, “but then he has so much to be modest about.” We should say the same about economists, particularly their ability to forecast anything in a useful and timely manner. Those predicting an imminent American economic decline have usually been no exception. This […]
East Asia has witnessed the recent ascent of conservative leadership amid territorial tensions – signaling not a futuristic vision for international harmony but a return to past rivalries. China‘s new leader Xi Jinping has already vowed to strengthen its military, creating what U.S. Admiral Michael McDevitt identifies as a “security dilemma” in Asia. While China understandably wants […]
The Gulf Cooperation Council said it will form a unified military command structure at a time when Iran poses a “very serious” security threat to the Middle East. The six-member group will coordinate air, land, and marine forces under one structure, Bahrain’s Foreign Minister Sheikh Khalid Bin Ahmed Al-Khalifa said today in a press conference after […]
Central banks in Indonesia and India, with the worst-performing currencies among Asian emerging markets this year, will face more challenges in 2013 as they balance inflation risks with the need to boost growth. The Reserve Bank of India must deal with “conflicting cues” from elevated prices and an economic slowdown, complicating policy decisions even after […]
