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
June 25, 2020 marks the 70th anniversary of the start of the Korean War. The conflict on the Korean Peninsula has been going on for so long that we sometimes…
June 19, 2020
2020 is starting off dramatically with the escalation of tensions in the Middle East – The world held its breath while the United States and Iran exchanged both blows and…
January 17, 2020
While it is frustrating to see North Korean projectiles flying out to sea and Pyongyang’s erratic, unpredictable reactions in negotiations, we cannot forget where things stood in 2017 – the…
November 22, 2019
30 years after the fall of the Berlin Wall, people’s aspiration to establish a pluralistic liberal democracy appears to be under scrutiny around the world – anti-immigration policies dominate political…
November 8, 2019
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…
August 10, 2012
By Nick Miller When examining how China manages its relationship with North Korea one must understand the various factions within the elites and competing interests within the Chinese Communist Party (CCP) that shape how China responds to North Korea. How Decisions are Made in China Consensus-decision making Chinese leadership employs consensus decision making as no…
August 9, 2012
By Sarah K. Yun July 27, 2012 marks the 59th anniversary of the armistice agreement that put a pause to the three-year Korean War in 1953. Although the armistice is a significant and still-relevant document in Korean and world history, little attention is paid to the document due to a lack of institutionalization, the challenging…