As we have pointed out previously, in the principal divided-country scenarios of the second half of the 20th century — North and South Vietnam, East and West Germany, North and South Yemen — reunification was thought of for decades as only a remote possibility, before it suddenly occurred in a tumultuous, fast-moving fashion, in a way few of […]
In the last half century, East Asia emerged as the uber-performer on the global economic stage. The various countries in the region found success with substantially different systems: state-led capitalism in South Korea, Singapore and Japan; wild and wooly competitive, entrepreneur-led growth in Taiwan and Hong Kong; and more recently, what Deng Xiaoping once described as […]
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 […]
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 […]
The global economy is facing its third major brake on expansion in five years as emerging markets slow from China to Brazil, provoking debate about how much policy makers should respond. Three years after industrializing nations led the world out of the U.S. mortgage meltdown-induced recession, the reliability of the power source is waning as […]
“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 […]
In its annual appraisal of the Chinese military published last week, the U.S. Department of Defense seems to be describing an object it finds both familiar and mysterious. The report certainly answers many of the important issues concerning China‘s military, including its attempts to develop an anti-ship ballistic missile and its continuing fixation on Taiwan. Read […]
It was five o’clock on a Sunday in May, two hours before showtime, but already thousands of K-pop fans had flooded the concrete playa outside the Honda Center, a large arena in Anaheim, California. Tonight’s performers were among the biggest pop groups in South Korea—shinee, f(x), Super Junior, EXO, TVXQ!, and Girls’ Generation. In the […]
A NEW force is emerging in Asian politics: the non-politician—or at least the politician posing as such. In South Korea the campaign for the presidential election in December has been shaken up by the new candidacy of an independent, Ahn Chul-soo, a former doctor turned antivirus-software tycoon. In Japan the new Japan Restoration Party (JRP), […]
Foreign direct investment (FDI) in the retail sector has been at the epicentre of national debate. Much has been said on India possibly losing out on investment by sending a wrong policy signal. But do we really need to get so worked up? Considering the anticipated level of inflows on account of FDI in retail, […]
looking beyond borders 