Businesses also incur massive human and economic costs during natural disasters. They can reduce these costs by diversifying geographically and technologically.
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.
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.
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.
Disaster-prone Asian countries are well aware of the urgent need to set up disaster management strategies. Siloed bureaucratic processes only hinder these efforts, as resilience comes from better engagement of local communities and the exploration of multiple sources of knowledge.