On Friday, China’s National Bureau of Statistics announced that income inequality in the country exceeds a warning level set by the United Nations. China’s publication of its Gini coefficient – a widely used measure of economic equity – drew attention for a number of reasons. For one, China has not published its Gini coefficient since 2000. More […]
Whether East Asia’s politicians and pundits like it or not, the region’s current international relations are more akin to nineteenth-century European balance-of-power politics than to the stable Europe of today. Witness East Asia’s rising nationalism, territorial disputes, and lack of effective institutional mechanisms for security cooperation. While economic interdependence among China, Japan, South Korea, and […]
Cambodia has never enjoyed the kind of political clout its neighbors Thailand and Vietnam have been able to assert on the international stage. This issue does not sit well with Prime Minister Hun Sen, who wants to see his country’s standing improve significantly. But the key to raising Cambodia’s stature is Hun Sen’s own success. […]
Russia is taking the helm of the Group of 20, and with that honor comes a unique opportunity: to lead the international community toward sustainable, inclusive growth and shared prosperity in 2013. The Russian government has pledged to focus its G20 presidency on practical solutions to stimulate growth and jobs, manage government debt and regulate the financial sector. Russia could lead in advocating yet another significant G20 priority: strengthening local capital markets. […]
Since World War II’s end, the dollar has been used to invoice most global trade, serving as the intermediary currency for clearing international payments among banks and dominating official foreign-exchange reserves. This arrangement has often been criticized, but is there any viable alternative? The problem for postwar Europe, mired in depression and inflation, was that […]
This week the world’s wealthiest and the best-connected have gathered in Switzerland for the World Economic Forum’s annual meeting. An exceedingly diverse group of business and policy titans are schmoozing, paneling, and work-shopping their way through the world’s top intractables: climate change; a tattered euro zone; and who could forget the eternally vexing problem of “Catalysing Multistakeholder Value”? […]
Weaken the yen: That has been a desperate plea by the captains of Japanese industry for years as the strong currency has hurt such exporters as Sony and Toyota. Reversing the yen’s rise was a major goal of Liberal Democratic Party leader Shinzo Abe during his successful campaign against incumbent Prime Minister Yoshihiko Noda last month. Sure […]
oday’s Russia is a strange paradox. The country and its people are better off than at any time since at least the Bolshevik Revolution. But its great financial wealth coexists with remarkable weakness. True, it still has a large army and a nuclear arsenal capable of ending life on Earth. But by most measures of modern power, Russia is a lightweight. It has almost no influence in the world […]
CHINA and Japan are sliding towards war. In the waters and skies around disputed islands, China is escalating actions designed to challenge decades of Japanese control. It is accompanying its campaign with increasingly blood-curdling rhetoric. Japan, says the ChinaDaily, is the “real danger and threat to the world”. A military clash, says Global Times, is now “more […]
In the last two years India and Pakistan have managed to rebuild ties after the 2008 Mumbai terror attacks struck a devestating blow to bilateral relations between the two countries. However, the escalation of tensions over the latest incident on the Line of Control (LoC) threatens this normalization of ties. In 2012, after much discussion and deliberation, both countries […]
