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.
As the dust settles on the Hanoi summit, critics argue that the absence of an agreement between Trump and Kim is a sign that diplomacy between the U.S. and North Korea has failed. But even without a roadmap to denuclearization, the summit promotes important goals in these early stages: dialogue, a continued freeze on nuclear testing, and hope for a gradual lifting of economic sanctions.
Since Xi Jinping ascended to the presidency, he has spearheaded a reorientation of China’s major power diplomacy. With China’s foreign policy in the spotlight during the annual meeting of its legislature, Yoshikazu Kato of the Asia Global Institute outlines his thoughts on what this diplomacy is and how it came about.
Just a few years ago, the renminbi seemed destined to become one of the world’s most significant currencies. However, its attractiveness has plunged as international investors seek currencies with legal security, ease of use and, critically, unrestricted convertibility.
Two questions that have occupied the human mind since the beginning of civilization are “Who am I?” and “Where did I come from?” Today, with just a swab of saliva, millions of people worldwide have been able to take a peek into their genetic past, thanks to DNA testing. In most cases, such testing reveals a complex global and regional circulation of bloodlines.
Humans have altered the planet to such an extent that it has entered a new age. The Anthropocene requires a new way to think about how humans relate to the planet.
The internet has taken much of the human interaction out of international trade. But many commercial buyers continue to emphasize face-to-face communication with sellers.
Growing media and societal attention on environmental issues has prompted researchers to examine factors that contribute to making companies greener. New research has found that corporations with more women in their leadership teams are less likely to be accused of breaching environmental law.
Air pollution has countless victims—nearly nine out of ten people across the globe breathe polluted air, according to the World Health Organization. New research suggests that it even reaches the unborn, moving from a mother’s lungs to the placenta and fetus. Not only does it cause health and economic ill-effects, but it also impacts human cognition.
China’s strategic approach to foreign policy has changed, and governments need to reorient to this new reality. A look at its actions in Africa reveals how China is employing its status as a great power on the diplomatic stage.
The global economy is currently organized in an environmentally damaging way: goods are produced, used, and discarded. The shared economy and the platform economy offer alternatives, but not solutions. The key to a more sustainable economy could lie in the combination of the two.
Authorities must find a balance between regulation and fostering an open, healthy environment for the internet-enabled economy to thrive.
The United States has affirmed strategic competition with both Russia and China as the central organizing principle of its national security policy. The announcement on October 20 by President Donald Trump that the U.S. would withdraw from the 30-year-old Intermediate-Range Nuclear Forces Treaty because of alleged Russian violations might be a key plank of that policy.
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.