The fallout from the US-China trade battle and the collateral geo-economic disruptions are threatening global economic stability. G20 members meeting in Japan this month need to address the risk of a crisis. The US and China must call off the trade dogs of war – and quickly, writes George Magnus, Research Associate at both the China Centre of Oxford University and at the School of Oriental and African Studies (SOAS) of the University of London.
With more than 1 billion active users, Instagram has become one of the fastest growing social media brands. But as the platform grows more popular, so too its links with poor mental health become more apparent. The Asia-Pacific region, a social media growth hotspot, is already seeing increasing levels of anxiety and depression – but it is also taking measures to deal with the problem.
The extreme volatility of cryptocurrencies in 2018—which saw the most widely traded cryptocurrency, Bitcoin, plunge from US$10,166 in January to US$3690 in December—made even the most bullish traders recoil from their terminals. However, one sub-sector of the nascent asset class defied the trend: stablecoins.
Asia is leading the way in digital asset markets, but individual countries are taking markedly different paths toward regulation and management in establishing themselves as cryptocurrency hubs, balancing innovation and regulation. Investors should be vigilant about the risks associated with alternative capital-raising methods.
Anticompetitive practices are rife in the internet-enabled economy, and lawmakers have struggled to keep up. Authorities must find a balance between regulation and fostering an open, healthy environment for this economy to thrive.
The worldwide debate over more environmentally friendly energy is replete with myths that slow down the uptake of renewables. In fact, renewable energy is increasingly competitive, and the transition is entirely feasible for ASEAN countries today.
Before the world learned of Cambridge Analytica and Russian trolls, there was Rodrigo Duterte’s presidential campaign in the Philippines. Regarded as “patient zero” in our current era of disinformation, the Duterte campaign and the culture that made it possible provide valuable insight into the psychology of disinformation workers.
As Asian countries develop smart cities, residents must contend with their benefits and drawbacks. While connected systems have the potential to deliver better urban planning and conveniences, they can also introduce inequalities and undermine inclusiveness.
The transition to renewable energy in Southeast Asia has been widely publicized and lauded, but a closer look reveals that non-carbon-intensive power sources can also cause damage and enhance inequalities. A more effective strategy would focus on reducing demand.
Undersea cables are the bedrock of the global communications system. Yet, they are severely under-protected. Damage to these cables could create havoc. It is of urgent importance that governments and non-state actors work together to build a framework to ensure the security of such key infrastructure.
In light of the fierce technology-fueled geopolitical battles being waged on the world stage today, it is time to examine how technology facilitated imperialism at the turn of the 20th century. Specifically, in Southeast Asia, the Dutch and the British used telegraphs, lighthouses, and more as instruments of empire.
For innovation to serve everyone in emerging economies, it must go beyond the relentless pursuit of the cutting edge. Focusing more on the needs of the majority of Asian emerging market consumers will lead to more sustainable, lasting growth.
Southeast Asians have dwindling confidence in traditional journalism. As a result, social media platforms such as Facebook and WhatsApp have become the main source of information for voters. A combination of wider access to the internet and declining trust in longstanding news sources is changing the dynamics of democracy across the region.
The fashion industry's supply chain no longer meets the expectations of society and business stakeholders. More digitalization promises to bring more efficiency and transparency. But fashion factories must also foster an open culture that encourages learning and that engages workers in the process.
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.
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.