Displaying all content tagged with the region Asia.
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2002 Posts located
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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
When Marja Vongerichten was 19, she met her birth mother for the first time since being adopted at age three. The first thing they bonded over, Marja says, was…
February 18, 2016
Born in Brooklyn, Chef Edward Lee always loved cooking. And after graduating from college with an English literature degree, he returned to that love and became an award-winning chef. Not…
February 12, 2016
In the decades following the Korean War, North Korea initiated a top-secret project to kidnap ordinary people from Japan, reeducate them, and turn them into international spies for the regime.…
February 7, 2016
Every year on January 13, the Korea Economic Institute of America (KEI) sponsors a luncheon in Washington, DC to mark Korean American Day and recognize the local and national Korean…
January 28, 2016
By Sarah K. Yun After the failed April 13 rocket launch, North Korea seemed to be headed towards increased isolation from the international community. The United Nations Security Council tightened the sanctions regime, while the United States canceled the 24,000 metric tons of food aid that had been part of the “Leap Day” Agreement. However,…
August 22, 2012
By Seongjin James Ahn Uncertain Times Ahead Due to its place in the global economy, it was inevitable that South Korea would feel the pinch of weakening global economic conditions. To say that the country is on the verge of a crisis would be going too far, but issues that have been brewing over…
August 21, 2012
By Troy Stangarone In what is becoming an annual tradition, North and South Korea agreed to raise the wages of workers in the Kaesong Industrial Complex by the maximum 5 percent allowed to $67.05 a month under the established agreements between the two Koreas. While the increase in wages is clearly good the 51,000 or…
August 17, 2012
By Nicholas Hamisevicz In a recent column in the New York Times, David Brooks describes the contradictory nature of the Olympic Games to argue that those working in business and politics must be able to embrace and work with opposite impulses in order to be successful. He notes that the world is a contradictory place…