Leadership changes in China, Japan and South Korea along with the United States have marked another tumultuous year for the Asia-Pacific region. With 2013, the Year of the Water Snake in Chinese mythology, around the corner, what might be in store for the region’s economy? According to “feng shui experts” quoted byMalaysia’s top-selling daily The Star, the […]
To begin on a happy note, the world didn’t end this year. Dec. 21 came and went without a sign of the Four Horsemen, leaving the Mayans (or rather their ancestors) with egg all over their faces. It just goes to show the perils of prediction — but why would we let that deter us? […]
Not so long ago the question how to deal with China was an evolving conundrum. It is real now. As real as an elephant — looming large over all that it views, with a large appetite and largely prepared for a fight but peaceful until provoked. And just like the pachyderm, feared. In an increasingly […]
North Korean leader Kim Jong-un called for an end to confrontation between the two Koreas, technically still at war in the absence of a peace treaty to end their 1950-53 conflict, in a surprise New Year‘s broadcast on state media. The address by Kim, who took power in the reclusive state after his father, Kim […]
Though there was no major dissension at OPEC’s Dec. 12 meeting in Vienna, there were signs that Saudi Arabia and Iraq are headed for a face-off over how much oil to pump. Before the start of the meeting, Abdul Kareem Al-Luaibi, Iraq’s oil minister, told reporters that his country plans to produce as much oil […]
It’s that time of year again: Experts of all kinds are coming out of the woodwork to offer up forecasts and predictions for the year ahead. It can be amusing, but this is not the most productive way to think about the future. Perhaps you’re familiar with Philip Tetlock’s landmark 2005 UC Berkeley study that looked at […]
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 […]
Months of speculation about the possible development of an air-launched version of the Indo-Russian BrahMos supersonic cruise missile finally came to a head, with India and Russia announcing they had signed a co-development deal, with plans for a test-fire within six months. The deal was made public a day before Russian President Vladimir Putin was scheduled to arrive in […]
looking beyond borders 