It was an important day for Angola, June 20th, 2006. Amid the diplomatic pomp and handshakes of an official visit, Chinese Premier Wen Jiabao opened the Luanda General Hospital and had his picture taken peering into a microscope surrounded by officials in suits and medics in white smocks. The capital’s General Hospital, a sprawling eighty-thousand […]
Whether or not America‘s politicians can find a way to sidestep the brutal automatic military cuts of sequestration, the era of rising Western spending on weapons and wars is over. That reality increasingly is challenging major arms manufacturers, spurring them to look for new markets, cost cuts and mergers. It is also confronting policymakers with difficult […]
“Potemkin villages,” I scribble onto a scrap of paper for the interpreter, Mr. Kim. “What does that mean?” he asks. “It means that you are just showing us facades here to feign growth and progress, just as the Russian Prince Potemkin once did,” I reply. “You should google it. “That, though, is not an option […]
The first time I met Raghuram Rajan, the Indian economist couldn’t sit still. It was over coffee in Bangkok in November 2008, less than two months after Lehman Brothers Holdings Inc. imploded and almost took the global financial system down with it. Rajan had become a big draw by then, having warned as early as 2005 […]
Those who sincerely believe the conspiracy theory about a U.S.-funded color revolution in Russia may have felt relieved when the Foreign Ministry kicked out USAID, a major donor of the country’s nongovernmental organizations, on Oct. 1. But now, according to “Anatomy of a Protest 2,” aired last Friday on government-controlled NTV television, there is still reason to be concerned. The pseudo-documentary warns darkly that the revolution against the Kremlin […]
The great paradox of British politics is that the left moan about inequality, but it’s the right who will remedy it. Ed Miliband is proposing the restoration of the old order, where the poor get the worst schools and the rich get the best (and the opportunities that flow from it). Labour plans to tax […]
China and Japan, the world’s second- and third-biggest economies, indicated support forEurope’s new rescue fund as they pushed for quick implementation of measures to solve the region’s crisis. China will “cooperate” with the European Stability Mechanism, a permanent 500 billion-euro ($648 billion) fund that started this week, People’s Bank of China Deputy Governor Yi Gang said […]
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 […]
Awarding the Nobel Peace Prize to the European Union Friday, former Norwegian Prime Minister Thorbjorn Jagland, the hapless award committee chairman, said: “We want to focus on what has been achieved in Europe in terms of peace and reconciliation.… It is a message to Europe to secure what they have achieved … and not let the continent […]
Just 40 years ago, as my family and I were completing a very pleasant and productive academic year in Japan, we had our first opportunity to visit China. We had been waiting to do so for more than a decade. For me, the highlight of the visit was a four-hour dinner conversation with Prime Minister […]
