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.
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.
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.
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.
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.
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.
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.
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.
On February 1, 2018, AsiaGlobal Online invited Dr Lucas Chancel and Dr Li Yang from the Paris School of Economics to present and discuss trends in global income inequality, on the basis of the "World Inequality Report 2018." The report was co-written with Thomas Piketty and draws on the work of more than 100 researchers around the world, with Chancel as a lead coordinator. Below are videos of the presentations and brief summaries of the key takeaways.
The continents-spanning Belt and Road Initiative may appear to be a leviathan, but a closer look at both it and China’s global quest for resources tells a more nuanced story. Even for the most authoritative of actors, situations don’t always work out as they do on paper.
What makes a currency global? The Spanish peso that started circulating internationally in the 16th century offers a case study. The opening of new trade routes and security innovations made it the world's most widely demanded currency. It facilitated the integration of China, the Americas, and Europe into a world economy, creating a status quo that lasted until the 19th century.
The popularization of Massive Open Online Courses (MOOCs) has led universities to rethink their missions. “Hong Kong Cinema Through a Global Lens,” a prize-winning MOOC at The University of Hong Kong, combines classroom and online learning to enhance students' exposure to the world. Far from taking teachers out of the learning experience, the MOOC enriches the value of the student-teacher relationship beyond the classroom.