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.
Following the flurry of political announcements and promotions at the 2018 National People's Congress, the Central Committee of the Communist Party of China released a Plan on Deepening Reform of Party and State Institutions. These reforms elevate foreign policy and aim to make institutions more efficient as interfaces between the Chinese Communist Party and global integration.
Last month, the first session of China's 13th National People's Congress enacted a much discussed constitutional change, opening up a path for Xi Jinping to be president for life. Beyond this spectacular measure, promotions and appointments indicate the direction of the winds for China's foreign partners and competitors.
In tandem with China’s rise, America's geopolitical predominance in Asia has been waning, and this decline in influence has accelerated under the presidency of Donald Trump. Looking further ahead, however, it is not obvious that this "new normal" will be sustained in light of America’s deep economic and security interests in Asia and China’s fundamental fragilities.
China seems to be of two minds about blockchain, cracking down on cryptocurrencies while recognizing the enormous potential of the technology behind them. Only permissioned, centralized versions of blockchain will be allowed to develop in China, but doesn’t this defeat the purpose of a technology designed to be open, in more ways than one?
In its Nuclear Posture Review released in February 2018, the Trump administration introduced new types of weapons and expanded the circumstances for justifying their use. This reverses nuclear arms control gains acquired through decades of delicate global negotiations.
Almost half of the world's pirate attacks happen in Southeast Asia. Among the most common locations for attacks is the Strait of Malacca, where tankers carry oil from the Gulf region to China, Japan, and South Korea, and via Singapore's refineries. As piracy becomes more prevalent, collaboration across the ASEAN region is more necessary than ever.
Air conditioning has become an inherent part of life in the tropical heat of Southeast Asia. This incurs environmental costs and burdens low-income families with high energy bills. Energy consumption could be reduced, and societal wellbeing improved by cultivating microclimate diversity, with adapted architectural design involving passive cooling and natural shading.
Despite his questionable, often violent leadership, Philippine President Rodrigo Duterte enjoys an astounding 80% approval rating. In actuality, this support is carefully weighed and highly conditional. While Duterte won the presidency by speaking to the anxieties and hopes of the citizens, he now has to deliver on his promises, and the people are keeping tabs.
Extensive and intensive agriculture is being questioned in various parts of the world for its environmental and social costs. But in China, a series of food safety scandals have led the Chinese dairy industry to move towards large integrated farms run by a handful of mega-producers.
In our rapidly changing global, digital, and urban contexts, we no longer have the luxury of attending to just one region of knowledge. Asian universities are responding with the reinvention of liberal arts programs.
As demand for documented migrant labor has risen across Asia, smugglers have been replaced with migration brokers, who utilize and manage webs of relationships to send workers abroad. With knowledge of both the intricacies of bureaucracy and the informal world of local communities, they are an essential part of the international migration infrastructure.
The age of AI and automation is upon us. This may be music to the ears of technologists, businesses, and investors, but Asia’s factory workers will be severely affected when computers and robots take over labor-intensive jobs. To help workers navigate the new economy, governments and businesses should invest in social safety net programs and education.
Since the practice of cloning farm animals is under-regulated in countries like Argentina, Brazil, and the US, European supermarkets may be selling meat and dairy products produced from clones, despite EU banning. With better regulation at both national and global levels, more accurate data could be produced to enhance transparency and traceability.