With a whiff of global recovery in the air and central bank liquidity abundant, investors in 2013 are packing their bags for China, fellow ‘BRICs‘ Brazil and Russia, long-dormant Japan and even some Mediterranean sun. Of course, seeking consensus on the top country destinations for the year ahead is hardly an exact science. Often the simplest game […]
The year 2012 began with festering Chinese sovereignty claims in the South and East China Seas, but also with hope that a code of conduct brokered by the Association of Southeast Asian Nations would enable them to be resolved peacefully. The year is ending, however, with those hopes dashed and ASEAN more divided than it […]
An Xinhua editorial that also appeared in the U.S. edition of the China Daily asserts that the impending premiership of Japan’s Shinzo Abe would “destabilize” East Asia. Yet the piece in reality makes a case for why Abe’s next term in office would be a good thing. To quote from the article: “…Abe has called for an increase in Japan’s defense spending, easing constitutional […]
Between 2010 and 2020, Chinese and Indian consumers will spend some $64 trillion on goods and services. Chinese consumers will spend approximately $41.5 trillion, with annual expenditures reaching more than $6 trillion in 2020. Indians will spend $22.5 trillion, with annual spending hitting an estimated $3.6 trillion by 2020. Combined, they will be spending some […]
Since street protests began last December following a dispute election, Russia’s opposition has sought unsuccessfully to develop a united front. Opposition figures held an open “cyber-election” in October 2012 to create a leadership council that would organize future street protests. But such efforts are hampered by the diversity of Russia’s political spectrum. It’s often under-appreciated […]
Europe’s leaders are starting to talk, cautiously, about economic recovery. “Growth is expected to pick up in the second half of 2012 and gather speed in 2013,” Olli Rehn, the European Commissioner for Economic and Monetary Affairs, wrote in a Dec. 10 column in the Financial Times. Sounds encouraging—but Europe Inc. isn’t buying it. From steelmakers […]
Unlike in democracies, where politicians vying for office first introduce themselves to their constituents, China‘s leaders take a rather different approach. Only after the Chinese Communist Party has chosen its top leader in secret does he begin the process of “introducing” himself to the people. The newly enthroned general secretary Xi Jinping has been busy firing corrupt officials, visiting […]
Hillary Clinton will be missed by India as she makes room for Senator John Kerry to replace her as secretary of state for President Barack Obama’s second term. There are many reasons Clinton will be missed, not the least because she maturely accepted that India and the US will not see eye-to-eye on all issues, […]
When the Corruption Perception Index 2012 was published last week, the Saudi Twittersphere wasn’t very thrilled. Transparency International‘s annual study of perceptions about corruption among public-sector officials showed that Saudi Arabia had fallen nine places, and ranked number 66 out of 174. This provoked a storm of discussion on Twitter. Read Here – The National
One of President Obama’s strongest applause lines on the campaign trail was his oft-repeated pledge to do “nation-building at home” during his second-term. This is the stated goal of many presidents facing reelection but, more often than not, unanticipated world events get in the way. In the Middle East, Syria‘s chemical weapons stockpile is in […]
