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
North Korea is putting on a tough face as the world confronts the COVID-19 pandemic. Authorities in Pyongyang continue to reassure the rest of the world that nothing is wrong…
July 24, 2020
Looking back on the Korean War, one might assume that the outbreak of a violent conflict that killed millions of people would preclude the possibility of a peaceful resolution of…
July 10, 2020
It would not be an exaggeration to claim that the Korean War shaped world history. There had been bloodshed elsewhere that bookmarked the start of the bitter conflict between the…
July 3, 2020
The international force that answered the United Nation’s call to defend the Republic of Korea between 1950 and 1953 did more than engage in combat with North Korean and Chinese…
June 26, 2020
In May of this year, the United States introduced a draft UN Security Council Resolution (S/2022/431) that would have responded to a North Korean ICBM test on March 24. By chance, the formal Chinese and Russian rejection of the proposal—which included additional sanctions on Pyongyang--came in the wake of a landmark decision taken by the…
August 11, 2022
After several years of frozen diplomacy, the current Korean government's drive to reset relations with Japan seems to be on an upswing. Even before taking office, President Yoon Suk-Yeol dispatched a delegation of aides to meet with Japanese officials in Tōkyō. He followed that with attendance at a trilateral meeting with Prime Minister Kishida Fumio…
August 2, 2022
At the conclusion of the 50th session of the United Nations Human Rights Council in Geneva, the President of the Council named eight individuals to human rights related positions, including Elizabeth Salmón as the “Special Rapporteur on the situation of human rights in the People’s Democratic Republic of Korea.” Salmón is a professor of international…
July 25, 2022
Newly inaugurated president Yoon Suk Yeol made his international debut at the NATO summit held in Madrid, Spain. South Korea and three other Indo-Pacific states were invited to summit ahead of publication of the alliance's new "strategic concept," that mentions China for the first time. Experts say South Korea can expand its longstanding relations with…