In The News

Economic Nationalism Rises in Indonesia

John Berthelsen June 5, 2012
In Indonesia, as foreign investors express interest in a project – purchasing a bank or building a port – the government steps in with new regulations that thwart the deal and reinforce state-controlled enterprises. Taxes discourage exports of raw materials, minerals or palm oil, and encourage refining inside Indonesia. While globalization and foreign direct investment have fueled Asia’s...

Designing Fair Shares Prosperity in Asia

Chandran Nair May 31, 2012
Societies aiming for social progress have a few mechanisms: Governments can tax wealth and fund programs or NGOs; mandate a level of investment in beneficial programs, while giving companies and investors the benefit of choice; or impose few restrictions, hoping that companies and investors choose to strengthen communities on their own. Social investments can be piecemeal or far-reaching. With...

China’s New Flexibility on Foreign Intervention

Johan Lagerkvist May 29, 2012
Authoritarian regimes around the world took note as protests spread swiftly throughout the Middle East, spurred by deep societal anger and the internet. Global powers had to take a stance, whether to side with brutal, corrupt, even delusional dictators or with citizens demanding justice and human rights. With its investments reaching every corner of the globe, China has struggled to rationalize...

What’s Next for Europe?

Alistair Burnett May 23, 2012
Politicians in power since the 2008 financial collapse, regardless of their political stripes, find themselves in peril. Analysis of the recent French and Greek elections followed three lines of thought – that voters soundly rejected strict austerity measures, blamed incumbents, and abandoned mainstream political parties for more extremist leadership, both right and left. The three...

A Global Economy in Danger

Manu Bhaskaran May 21, 2012
The week’s global consultations are in order – a G20 Labor and Employment Ministerial Meeting convened in Mexico on employment policies; the G8 reached consensus on eurozone reforms at Camp David; NATO meets in Chicago to prepare for withdrawal from Afghanistan. The globe’s major economies are interconnected in so many ways, and the separate set of difficulties of each threatens ability to...

Asia as Global Leader – Not So Fast

Ho Kwon Ping May 14, 2012
Some Asians boast that their continent has found the formula for success and will inevitably provide leadership to the world. But a Singapore business leader and thinker cautions about the hubris. A study of the history of Western civilization offers insights on a formula for such global dominance. The rise of Europe and the United States as influential cultures was not simply due to economic...

India’s Broken Schools, Cloudy Future

Julissa Milligan, Sadanand Dhume May 9, 2012
India’s preponderance of youth has long been considered a “demographic dividend.” But a broken education system fails to equip graduates for jobs in a fast growing economy. Thanks to lopsided emphasis on elite schools and neglect of early education, India has fallen behind in competency in basic skills, along with flexibility, creativity and passion for lifelong learning. The country prepares...