You’ve pulled a nifty diplomatic hat trick when you convince your main competitor to blame himself for your bad behavior—and to consider canceling his opposition to that misbehavior to mollify you! Yet China might pull off such a feat if it protests so long and loudly against the Obama administration’s “pivot” to Asia that Washington […]
An inconvenient fact is that Indonesia’s economic growth is mainly driven by a commodity boom fuelled by China’s appetite for raw materials and global demand for biofuels. China’s enterprises are building bullet trains while Indian car– and IT-companies compete around the world. Indonesia, all the while, manufactures…essentially nothing. Most international manufacturing companies have moved on to greener […]
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 […]
Recently, Moscow Times columnist Yulia Latynina showed how differently the wealthy in the U.S. and Russia use their fortunes. She listed a dozen U.S. robber barons, captains of industry and financiers who founded major universities, libraries and museums. Meanwhile, in Russia, where the number of billionaires is now second only to that of the U.S., the wealthiest mainly buy soccer clubs. Read Here – Moscow Times
Generational change has been postponed again in Saudi Arabia, and the kingdom’s succession process is now clear for the foreseeable future. With King Abdullah’s appointment this week of his half-brother Prince Muqrin bin Abdulaziz to the position of second deputy prime minister behind Crown Prince Salman, the inner circle of princes that has run the […]
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 […]
As luck would have it, I was in Beijing when word came of China’s apparent hacking of the New York Times. The newspaper says it became the target of sustained cyber-attack immediately after it had revealed the vast fortune – estimated as “at least $2.7bn” – amassed by the family of China’s outgoing premier, Wen Jiabao. Among the […]
Recently, the Japanese government announced that thepopulation decrease for 2012 is expected to be 212,000—a new record—while the number of births is expected to have fallen by 18,000 to 1,033,000—also a record low. Projections by the Japanese government indicate that if the current trend continues, the population of Japan will decline from its current 127.5 million […]
Track II meetings can be useful when participants express their views candidly, without worrying about offending the sensitivities of others. When the event is held in India, visiting think tankers take pain not to upset their hosts. Since most foreigners have rightly concluded that Indians are not only flattery prone but credulous as well, they […]
Shale gas may be sparking an energy revolution in the United States andpotentially even China , but it has attracted relatively little attention in Australia. All that may have changed with a recent announcement by Brisbane-based energy explorer, Linc Energy. Linc shares surged 24 percent after it told the Australian Securities Exchange (ASX) on January 23 that its […]
looking beyond borders 