The free flow of labor across national borders has been one of the defining facets of globalization. In recent years, concerns over the effects of increased migration on domestic workforces have led political leaders to consider tightening borders, dramatically altering patterns of human movement. In Asia, this could reverse the brain drain.
The United States, under President Donald Trump, has found a favored target of criticism in the World Trade Organization. While there is no doubt that the W.T.O. needs urgent reform, the framework it provides—offering the certainty and predictability inherent in a rules-based system—should not be abandoned.
Following World War II, the global economy moved rapidly toward further integration. Now, this process has stopped, and is in fact reversing itself. With countries increasingly engaging in economic nationalism, massive changes are coming, for economies big and small.
Carbon pricing has been widely considered for the past 25 years as a useful tool to help combat climate change. Adoption has progressed, but the pace has been glacial. As the U.S. retreats from climate change leadership, China, as shown by its embrace of emissions trading, is stepping in to fill the vacuum.
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.
China has often been accused of practicing “debt-trap diplomacy”—miring supposed partners, particularly developing countries, in unsustainable debt-based relationships. But this is a misreading of the issue, and nowhere is this more apparent than in China’s dealings with Venezuela.
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.
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.
Neither scientific progress nor its ability to move society forward is guaranteed. That Earth revolves around the sun seems obvious to us now, but this conclusion came about over 1000 years, taking varying paths in China and Europe. The history of astronomy in these two regions shows us how important political systems are to scientific development.
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.
Many of the earliest of the great civilizations on Earth were centered on life-giving rivers, such as the Yangtze and the Euphrates, the Nile and the Indus. Rivers remain crucial to modern societies, but pollution is choking the life out of them. For humanity’s sake, governments must act to counter this. The good news is that they already have the tools.
Governments come and go. A country's vision or strategy tries to tie these governments' policies together to tell a story about how a country will progress economically, culturally, and socially. Auditors play a key, if little understood role, in these strategies' success. More of these plans, and the centers of government that oversee them, should be audited. Public audit reports can also attract research and practical interest in these plans' successes and failures.
Corruption has long been a prominent problem in the Asia-Pacific, but many countries have seemingly lacked the will to combat it. Until measures are enacted to increase transparency and accountability in governance, corruption will continue to gnaw away at economic gains.
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.
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.