In The News

Through the Eyes of Asia’s Tiger Cubs

Mark L. Clifford February 20, 2012
Asia’s post–Cold War generation of young professionals have a decidedly optimistic outlook on the future – as revealed by the Asia’s Challenge 2020 essay competion organized by the Asia Business Council, Time magazine and the Lee Kuan Yew School of Public Policy at the National University of Singapore. Mark L. Clifford, executive director of the Hong Kong-based Asia Business Council, co-authored...

Latin America: Shift in Direction Fuels Growth Across Continent

John Paul Rathbone November 21, 2011
Latin America has remained largely immune to the global financial crisis sweeping through developed economies due to burgeoning trade ties with Asia, particularly China. In the last 10 years, trade between Latin America and China rose sixfold to $230 billion. China is the biggest trading partner for Brazil and Chile, according to the Inter-American Development Bank. This rapid rise is mainly...

The Shadow Superpower

Robert Neuwirth November 10, 2011
The world has a significant informal economy, employing half the world’s workforce and estimated to be worth $10 trillion, excluding blatantly illegal activities. The so-called System D, slang from French-speaking Africa and the Caribbean, can no longer go ignored by policymakers, argues Robert Neuwirth for Foreign Policy. The actions of street vendors, barterers, garage sale operators, impromptu...

“Playing Baseball Without a Bat”

Thomas. L. Friedman November 9, 2011
In an interview with YaleGlobal editor Nayan Chanda, Thomas. L. Friedman talks about his book "That Used to Be Us: How America Fell Behind in the World It Invented and How We Can Come Back," co-written with Michael Mandelbaum. He explains the reasons for the slow decline of the United States, especially its failure to adapt to the hyper-connected world it helped to create, four...

SEC Seeks Offshore Cash Disclosure

Helen Thomas September 26, 2011
The US Securities and Exchange Commission is “pushing” companies to disclose to investors their offshore cash holdings, reports Helen Thomas for the Financial Times. Such disclosures could “be relevant and material to understanding a company’s liquidity,” Thomas adds. US regulations require companies to pay taxes of up to 35 percent on income earned overseas and repatriated to the US, providing...

The G-20 Must Get Serious

Gordon Brown, Felipe Gonzalez and Ernesto Zedillo September 23, 2011
World leaders could do more to pursue coordinated action on the global economy, contend former UK Prime Minister Gordon Brown, former Spanish Prime Minister Felipe Gonzalez and former Mexican President Ernesto Zedillo in an opinion essay for the International Herald Tribune. Failure to follow up on pledges to strengthen global financial regulation, find agreement on the delayed World Trade...

Asia’s Lack of Babies

Philip Bowring September 20, 2011
Declining birth rates in East Asia could dent economic growth, notes an Asian Development Bank study. Increasing wealth correlates with low fertility rates. Bearing and raising children entails sacrifices that last at least two decades, and women easily ignore government calls for a hike in reproduction rates. Asia could follow the lead of Scandinavia, France or the US, suggests Philip Bowring...