A quick glance at the above map is enough to boggle anyone’s senses, but these lines are likely to be heavily debated by officials from the 10-member Association of Southeast Asian Nations (ASEAN) and China, following meetings over last weekend. Senior Asean officials and China yesterday agreed to speed up the process of finishing the […]
Two recent news items out of China have raised expectations that the new leadership in Beijing intends to push ahead with major market-oriented policies. The first is an announcement that a key Communist Party conclave will gather in November to set out an economic blueprint for the coming decade. The second is that Jiang Jiemin, […]
The world continues to watch as President Obama and his administration increase their lobbying efforts to convince the Congress and the international community to support a U.S. led military strike in Syria. President Obama went on a media blitz Monday and is expected to deliver his case to the nation today to launch a “limited” […]
U.S. Secretary of Defense Chuck Hagel has just returned from his second visit to Asia, only two months after partaking in the Shangri La Dialogue back in June, and his second visit to Asia in six months since becoming secretary of defense. Acknowledging the immense human suffering and tragedy that continues to unfold in Syria […]
If a country had the most-restrictive regulations on foreign direct investment (FDI) of 55 nations studied, where do you think it would rank among those nations in terms of actually attracting investment from abroad? If you said “First,” you obviously would be flaunting conventional economic theory and engaging in highly counter-intuitive speculation. Further, […]
Ecuadorian President Rafael Correa, president of the smallest oil producing and exporting member of OPEC, has committed to expanding oil drilling – from the current 513,000 barrels of oil per day. President Correa announced last week that he signed an executive decree to end the Yasuni Ishpingo-Tambococha-Tipuni (ITT) initiative. ITT are oil blocks, which house […]
On August 8, the Chinese cargo ship Yong Sheng set sail from Dalian, a port city in northeastern China. The Hong Kong-flagged vessel, owned by Chinese state-owned company Cosco Group, is bound for Rotterdam, in the Netherlands, with its cargo of steel and heavy equipment. But unlike most ships from Asia headed for Europe, Yong […]
In late July, following 28 years of authoritarian rule in Cambodia by the Prime Minister Hun Sen, citizens of the impoverished southeastern Asian state went to the polls for elections. What followed was a shocking setback: Mr. Sen’s ruling Cambodia People’s Party (CPP) saw its number of seats in the 123-seat parliament reduced from 90 […]
Consider this striking paradox: Just as the Energy Information Administration announces that new shale discoveries are driving record increases in U.S. proved oil reserves and near-record additions in proved natural gas reserves, huge energy companies are reporting sagging production and profits. Royal Dutch Shell, for example, posted a 60 percent drop in second-quarter profits, largely because of drilling […]
Recent media excitedly report on the People’s Republic of China’s (PRC) contemplation of abandoning its decades-old “one-child policy.” However, the official press agency, Xinhua, merely wrote that the PRC is still “deliberating” on studies and whether to “relax” the policy or not. Xinhua reported the spokesman for the National Family Planning Commission as maintaining that […]
Some readers may be familiar with the term “expropriation,” a political risk which the Multilateral Insurance Guarantee Agency (MIGA), a World Bank affiliated insurer, defines as “an action whereby a government seizes property of assets of the foreign investor without full compensation to the investor…also referred to as ‘ownership risk’ or nationalization.” More astute readers […]
The future is not what it used to be due to George P. Mitchell, the Texas wildcatter who passed away last week.* He helped usher in a new era of American dynamism by perfecting the hydraulic fracturing techniques (“fracking”) that have unlocked vast gas and oil deposits previously thought inaccessible within tightly-packed shale rock beds […]
After receiving and reviewing an advanced copy of the Organization of Co-operation and Development’s (OECD) 2013 report Aid for Trade at a Glance: Connecting to Value Chains, I am intrigued by the ongoing process of replacing a portion of direct foreign aid with viable bi- and multi-lateral trade agreements that help in economic development, especially […]
Long viewed as “client state” of China, Myanmar’s precious national resources have for years been auctioned off to the hungry dragon next door. Indeed, China was Myanmar’s only significant dance partner, following the trade sanctions imposed on Western firms in response to human rights abuses by Myanmar’s repressive military junta. With Myanmar’s recent transition […]
Engineering of election results in Bhutan falls much short of a diplomatic victory of India At the peak of campaigning by Bhutan’s two political parties for the recently concluded National Assembly (NA) elections, word spread that India was unhappy with the shrill nature of arguments – and their counters – related to India. Almost immediately, […]