Displaying all content tagged with the region Asia.
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Asia
Along with commercial banks, capital markets are an integral part of the financial systems in most capitalist economies, and their relative importance is constantly increasing. Countries around the world are…
May 25, 2011
Central banks have two responsibilities: (1) stabilize the value of the currency and (2) maintain public confidence in deposit money by limiting systemic risk. The first responsibility is primary, ongoing,…
May 25, 2011
In the unfolding process of the Korean financial crisis in 1997, an inefficient corporate bankruptcy system played a damaging role in the Korean economy. Before the crisis, in 1996 and…
May 25, 2011
Although Korea has seen its economic growth rates come down from the stratospheric heights of previous decades, it remains, by any advanced-country yardstick, a successful economic performer. Korea’s real GDP…
May 25, 2011
President Donald Trump is off on his longest international trip yet, stopping in Japan, South Korea, China, Vietnam and the Philippines. There, he is expected to tackle a range of…
November 3, 2017
As a communist state, North Korea has promised to provide its people with basic services, including healthcare and medical treatment. However, particularly in recent years, the cash-strapped Kim regime has…
October 30, 2017
With North Korea becoming an increasingly dangerous threat to the U.S. and its allies, it can be all too easy to overlook North Korea’s origins and how its foreign policy…
October 13, 2017
Many of the news stories about North Korea that make their way into the Western media fall into one of two categories: 1) breaking news about provocations and the nuclear…
August 31, 2017
By Sarah K. Yun North Korea’s 2012 New Year Editorial had a few highlights with ample unsharpened messages. The overall objective was to emphasize strength and unity under the new Kim Jung-un leadership. In doing so, however, the editorial portrayed an undertone of crouching inwards with a few sprinkles of the typical rhetoric of criticism…
January 2, 2012
By Troy Stangarone While 2011 will ultimately be remembered for the passing of Kim Jong-il, it was also a year of significant change and new milestones for both South Korea and the U.S.-Korea alliance. In many ways, 2011 really began in the waning days of 2010 for South Korea. On November 23 last year, North…
December 28, 2011
By Chad 0'Carroll Hundreds of thousands of mourning North Koreans lined the bitterly cold streets of Pyongyang today to say goodbye to their leader, Kim Jong-il. How real the tears were is impossible to say, but the images were nonetheless extremely reminiscent of what was seen at Kim Il Sung’s funeral – aside from the…
December 28, 2011
By Michael J. Mazarr The most significant thing about the dramatic change in North Korea is how little has changed. Kim Jong-il has died, inaugurating a period of complex maneuvering and potential instability within the North’s ruling clique. The succession to his son Kim Jong-un will be perilous: The regime’s legitimacy is grounded in personalities,…