‘Gangnam Style’ Tells Economic Truth of Our Day

It isn’t every day that the finance minister of a major nation mentions a rap star when talking up his economy. But then South Korea (KOSPI) isn’t your average economy and Psy isn’t your usual entertainer. Bahk Jae Wan did that in an Oct. 9 interview. South Korea’s top economic official cited the singer of the global smash hit […]

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The Family-Owned Chaebol Are In Everyone’s Sights In An Election That Could Change South Korea

SINCE the days of Park Chung-hee’s often brutal dictatorship (he seized power in 1961 and was assassinated in 1979), South Korea has transformed itself as a democratic nation. Its politics, enlivened by occasional fisticuffs in the National Assembly, are among the most vibrant in Asia. The bid by the late strongman’s daughter, Park Geun-hye, to […]

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Asia Knows How to Get Along With a Bigger China

Preparing for a recent trip to Indonesia last week, I came across an article by Meidyatama Suryodiningrat, the editor of the feisty Indonesian daily Jakarta Post, protesting that the Obama administration’s “pivot” to Asia seemed too much like an attempt to start a cold war against China, with the help of its neighbors. America’s “economic intentions and wherewithal” in […]

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Remembering the White Terror

Chen Shin-chi smiles through his dentures and drops down to the dusty floor of a jail cell to do a push up. He looks up at the crowd watching him, smiles again, and flips on his back to perform sit-ups, his body stretching almost the entire length of the three-by-two-meter cell. In 1968, he lived […]

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Southeast Asian Governments Are Spending Vast Sums To Reduce Crushing Poverty. While The Cause Is A Noble One The Reasoning And Approach May Be Faulty

Populist economics is on the rise in Southeast Asia. Politicians have been actively adopting policies that aim to impress upon the poor that governments are doing something, however trivial, to improve their conditions. It is generally a positive development but is it sustainable? Thailand’s Thaksin Shinawatra was ousted as Prime Minister in 2006 but has remained popular […]

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Lesson of Indonesia’s Democratic Experience

We see a positive trend of significant expansion of democracy, particularly in the second half of the 20th century. Democracy expanded in many regions of the world. It also swept Indonesia in 1997 – and changed us for good. As a result, the political map of the world was significantly changed, with all its strategic, […]

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Democracy Is Simply Karma At Work (Really?)

Politics and organised crime are not strange bedfellows in any country, but what makes a country like Thailand stand out is that it’s a norm, rather than an exception. It is well practised and celebrated, out in the open and in the face of society, rather than skeletons hidden in the closet. To understand this […]

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