Global fund managers responding to a monthly Bank of America Merrill Lynch survey identify and rank risks that could cause an abrupt and abnormal drop in global markets. Britain’s possible exit from the European Union tops the list for May. Second, an ongoing concern is the risk of devaluation and...
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The fury of the Arab Spring, with widespread demands for freedom quickly followed by a re-emergence of authoritarian ways, has renewed debate about Islam and democracy in the Middle East, notes sociologist Riaz Hassan. Circa 1000 AD, the Middle East represented 10 percent of global GDP, as compared...
Cry of freedom in the Islamic world: Oppressed Syrians demonstrate for freedom (top); Indonesian supporters of President Susilo Bambang Yudhoyono dance at an election rally (below)
SINGAPORE: The age-old debate about Islam’s role in the political...
China’s Belt and Road global investment strategy is financing more than $1 trillion in infrastructure development in more than 70 nations. The initiative, global in scope, is a response to the US “pivot to Asia” announced under the Obama administration, “carefully and astutely crafted to take...
Camel caravan in Gansu province (Photo by Hu You, China Daily)
The Asia-Pacific Journal Japan Focus: The evolving US-China trade war, which reached a dangerous level of US tariffs being imposed on $200 billion worth of imports from China, has...
Once again, the leaders of the world’s most powerful economies have procrastinated in coming together on a viable global strategy to end unsustainable imbalances. Overshadowing the G20 summit was the threat of a disorderly Greek default; the Greek government’s scrambled response; and rising bond...
Let’s pray: President Obama with Nicolas Sarkozy (left), Angela Merkel and David Cameron (right) at the G20 summit in Cannes
MEDFORD: As feared, the G20 summit in Cannes ended with a whimper, eclipsed by the Greek drama of on-again–off-again...
两个月前，世界银行首席经济学家、复旦大学社会科学高等研究院学术委员会名誉主席、学术委员会创始委员林毅夫在世界银行任期届满，重回中国。在林毅夫担任世界银行首席经济学家的4年时间里，究竟发生了什么？作为第一位发展中国家出身的世行首席经济学家，林毅夫究竟给世界银行这台历来由欧美发达国家把持的“利维坦”带去了何种不同的元素？陈劲松的报告为我们提供了一个窗口，去审视林毅夫担任世行首席经济学家期间的作为。在世行任职期间，林毅夫一直在批评“东亚经济体的出口政策导致全球金融危机”的论点，在他看来，格林斯潘的低利率政策才是诱发金融危机的主因。林毅夫一直强烈反对西方的利率政策，最为推崇东方式的和谐发展理念。...
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China has become a leading polluter in the world, with its citizens suffering from air pollution, decreasing supplies of potable water and reckless development. Consumers around the world buy inexpensive goods from China, but do not pay the true costs. The country has environmental laws, but...
China's environmental problems are mounting. Water pollution and water scarcity are burdening the economy, rising levels of air pollution are endangering the health of millions of Chinese, and much of the country's land...
Moon Jae-in became South Korea’s president in 2017 and the wake of a corruption scandal and impeachment of his predecessor. He has made addressing inequality a priority. “He is responding to a growing despair in South Korea that ordinary people cannot get ahead, small- and medium-sized companies...
Inequality and corruption: The IMF austerity recipe for growth after the Asian financial crisis prompted protests; South Korea has seen growth since, but is still wracked by inequality and corruption
SEOUL: During the height of the 1997-98 Asian...
Mahmoud Ahmadinejad has expressed more religious fanaticism than any Iranian president since Khomeini’s revolution. His campaign promises included a pledge to close the stock exchange (it violates the Islamic prohibition of gambling) and during a speech before the UN, he claimed enlightenment....
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