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
With the recent retirement by Yi So-yeon, South Korea’s remaining astronaut, many have turned attention to Korea, wondering whether there is a future for its space program. According to Daniel Pinkston of the…
September 16, 2014
Since the famine of the 1990s, North Korea has continued to face periods of chronic food shortages. However, the humanitarian needs of the people in North Korea…
September 2, 2014
North Korea has engaged in various forms of economic reforms and marketization attempts such as establishing Special Economic Zones and obtaining Foreign Direct Investment. Yet, many of North…
August 8, 2014
In this episode, we talk with Dr. Yiagadeesen Samy of Carleton University on income inequality in South Korea and its affect on Korea’s economy. Dr. Samy is an economist…
July 25, 2014
By Nicholas Hamisevicz 2012 is a year of elections and leadership transitions in Asia. Taiwan was set to have the honor of kicking things off, but the death of Kim Jong-il in late December placed much of the early year’s attention on only the second transition in North Korea. In Taiwan, Democratic Progressive Party (DPP)…
January 17, 2012
By Greg Scarlatoiu North Korea recently announced a special amnesty to prisoners, the first in over six years, to be issued beginning on February 1, in observance of Kim Jong-il’s birthday on February 16 and in anticipation of the 100th anniversary of the birth of Kim Il-sung. The announcement came only two days after the…
January 16, 2012
By Nicholas Hamisevicz, Sarah K. Yun, Chad O'Carroll, and Troy Stangarone Last year saw significant changes on the Korean peninsula. While 2011 ended with the surprise death of Kim Jong-il and the beginning of succession to Kim Jong-un, last year also saw Korea become one of only nine nations to surpass $1 trillion in total…
January 11, 2012
By Ben Hancock South Korea made an appearance in this past Sunday’s New York Times list of 45 must-visit travel destinations for a surprising reason -- golf courses. No one could quibble with the fact that Korea has churned out more than its fair share of club-wielding pros (Pak Se-ri and K.J. Choi come quickly…