CHINA is known for its industrial might. Manufacturers, miners, utilities and builders accounted for over 45% of China‘s GDP in 2012. In America, by contrast, they contributed less than 20%. China, according to caricature, makes things—things you can drop on your foot. Soft-toed America merely designs, brands and peddles them. Read Here – The Economist
Suddenly India is being wooed again. In the space of a few days, both François Hollande and David Cameron have turned up on its doorstep with palms outstretched in the search for business contracts. It will have come as a soothing balm to an Indian government facing increasing disillusion at home and growing cynicism on […]
Sharma Sagar is the new face of Korean manufacturing. He’s from Nepal. Sagar studied Korean for years, competing with other candidates in his native Himalayan homeland to be chosen by a joint-government program that was set up to help South Korea supplement its dwindling labor pool. Read Here – Bloomberg
THE border between Yunnan province and northern Myanmar (formerly Burma) has always been porous. To the people who live in the region, the border is a crooked mark on other people’s maps, an arbitrary boundary snaking its way 2,400 kilometres through rugged and wild terrain. The authorities in Beijing have seen the same land as […]
Foreign policy will not be a top priority of China’s new leader Xi Jinping. Xi is under pressure from many sectors of society to tackle China’s formidable domestic problems. To stay in power Xi must ensure continued economic growth and social stability. Due to the new leadership’s preoccupation with domestic issues, Chinese foreign policy can be expected to […]
It’s hard to escape a visit to India without someone asking you to compare it to China. This visit was no exception, but I think it’s more revealing to widen the aperture and compare India, China and Egypt. India has a weak central government but a really strong civil society, bubbling with elections and associations […]
No decade in history has experienced such an increase in urban population as the last. From Tokyo-Yokohama, the world’s largest urban area (population: 37 million) to Godegård, Sweden, which may be the smallest (population: 200), urban areas added 700 million people between 2000 and 2010. Nearly one in 10 of the world’s new urban residents were in […]
The United States is on the threshold of comprehensive immigration reform. Between the president and the coalition in the Senate, it looks likely it will pass, which means that within a few years we shall have 11 million new Americans with full voting rights. What will their emergence from the shadows do to our economy? And, perhaps […]
We can now discern more or less when the catch-up growth miracle will sputter out. Another seven years or so – enough to bouy global coal, crude, and copper prices for a while – but then it will all be over. China’s demographic dividend will be exhausted. Beijing revealed last week that the country’s working […]
I ENCOUNTERED something on this trip to India that I had never met before: a whole new political community — India’s “virtual middle class.” Its emergence explains a lot about the rise of social protests here, as well as in places like China and Egypt. It is one of the most exciting things happening on […]
