China’s Belt and Road Initiative seems to focus on connections with Africa, Central Asia, and Eastern Europe. But the country’s economic future is really in “netware” technology, similar to America’s. Contrary to how BRI is viewed and talked about now, China’s more profitable path actually points, as illuminated by the likes of Alibaba and Tencent, eastward to California.
Spearheaded by India and Japan, the Asia-Africa Growth Corridor aims to improve intercontinental connectivity. But, as of now, this competing plan to China’s Belt and Road Initiative is only a proposition. To make it a reality, India and Japan must enlist the EU.
Mired in demographic crises, East Asia is looking to new reproductive technologies as a solution. But its restrictive, reluctant embrace of these technologies runs counter to evolving social attitudes.
Businesses also incur massive human and economic costs during natural disasters. They can reduce these costs by diversifying geographically and technologically.
Globalization is not just dominated by big brands. Low-cost knock-offs of popular items such as mobile phones also cross the globe, often from China to the rest of the world. Although it operates below the radar, this trade powers growth.
Nearly 10% of stock market investors trade as if they are gambling. This leads to more trades and more money on the market, but yields much lower returns for the investors. We should acknowledge this behavior and boost financial education and risk assessment, rather than assuming that investors are perfectly rational.
In Myanmar, Buddhist nationalist groups have used Facebook to swamp public opinion with anti-Muslim speech. As elected representatives are pressed to follow these extreme views, Myanmar is showing the world how unreined social media can hurt democracy.
Technology is transforming epidemiology. However, algorithms, satellites, and drones offer no easy solution. Ethical and political issues need to be considered to ensure that everyone reaps the benefits of these new technologies.
False information sways elections, and social media makes it worse. So governments are rushing through laws to block “fake news.” But in Southeast Asia, these laws will do more harm to elections than fake news.
Despite suspicions, China's engagement in developing Africa's telecom infrastructure has not led to an imposition of an authoritarian model of information control on the continent. Concerns should rather focus on the promotion of a top-down governmental model of development, which has proved inefficient.
The documentary “The China Hustle” exposes fraudulent transnational listings that are costing millions of investors billions of dollars. How can stock markets around the world combat this major threat to the global economy? The answer may lie in extraterritoriality.
The world is once again in dismay after the use of chemical weapons was reported in Douma. In response, the U.S. struck, together with the UK and France, chemical weapons facilities in Syria on April 13 and 14. The stated purpose was to uphold international law, but the action could have far-reaching—and destabilizing—consequences.
The leaders of the ASEAN countries are set to meet in Singapore between April 25th and 28th. With the region feeling the effects of great power competition, it might be time to remember and revive the pacifying role Southeast Asia played in trade, people, and religious exchanges over the centuries.
Australia, India, Japan, and the United States make up the Quad, often seen as a response to an increasingly powerful and competitive China. But the commonality and contradiction of interests that India shares with China makes New Delhi’s perspective somewhat different from that of the other Quad countries. One may argue that India’s participation in the Quad is not a move to antagonize China.