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Sat, June 3, 2023 | 01:14

Forward-looking policies for Asia and Pacific

Forward-looking policies for Asia and Pacific

The recently-launched 2013 Economic and Social Survey of Asia and the Pacific of ESCAP is forecasting subdued growth of 6 percent for the region in 2013 - up from 5.6 percent in 2012. Although highest amongst regional growth rates, this is considerably lower than the pre-crisis level and the level achieved immediately after the crisis in 2010.

2013-04-22 17:16

The battle for Burma

The battle for Burma

Last month, as the anti-Muslim violence in Burma spread from Rakhine state in western Burma to the central Burmese city of Meiktila, Aung San Suu Kyi sat among the generals on the reviewing stand as the Burmese army marched past on Armed Forces Day. She is seen as a saint by many people - but she didn’t say anything about Meiktila, where just days before at least 40 people we...

2013-04-21 17:07

The long mystery of low interest rates

The long mystery of low interest rates

CAMBRIDGE - As policymakers and investors continue to fret over the risks posed by today’s ultra-low global interest rates, academic economists continue to debate the underlying causes. By now, everyone accepts some version of U.S. Federal Reserve Chairman Ben Bernanke’s statement in 2005 that a “global savings glut” is at the root of the problem. But economists disagree on w...

2013-04-19 17:37

The real Thatcher revolution

The real Thatcher revolution

UNITED NATIONS - Margaret Thatcher, Britain’s conservative prime minister between 1979-1990, was a revolutionary. As the first female prime minister she emerged as a truly transformational figure both on the domestic and foreign front and soon challenged the entrenched interests with a stance that promoted freedom and economic liberty. She stood on principle and thus became a...

2013-04-16 17:42

Rising threat of attack from North Korea

Rising threat of attack from North Korea

U.S. Ambassador to Korea Sung Kim said at the Millennium Forum of the Korea Economic Daily on April 2 that if North Korea was ready to refrain from provocations and fulfill its promises and obligations, the U.S. was ready to talk with its leader Kim Jong-un.

2013-04-15 17:08

Germany's choice

Germany's choice

FRANKFURT - The euro crisis has already transformed the European Union from a voluntary association of equal states into a creditor-debtor relationship from which there is no easy escape. The creditors stand to lose large sums should a member state exit the monetary union, yet debtors are subjected to policies that deepen their depression, aggravate their debt burden, and per...

2013-04-12 17:20

Margaret Thatcher reshaped Britain

Margaret Thatcher, who died Monday at the age of 87, was the most influential British prime minister in U.S. politics since Winston Churchill.

2013-04-10 17:14

Need to cut interest rates

Need to cut interest rates

North Korea and Japan are likely dominating the thinking of Bank of Korea Governor Kim Choong-soo on whether to cut interest rates when the central bank meets today for its monthly monetary policy deliberations.

2013-04-10 17:09

Korean regionalism

Korean regionalism

No country or nation can claim to be completely unified. Differences between parts of a country or nation capture diversity, situate opportunities for learning and collaboration, and reflect deeper sources of environmental, cultural, and other social heterogeneity. Despite the fact that South Korea is often viewed as a very homogenous culture, the enduring relevance of Honam ...

2013-04-09 17:03

BRICS without mortar

BRICS without mortar

CAMBRIDGE - Last month, China’s new president, Xi Jinping, chose Moscow for his first foreign visit. He and Russian President Vladimir Putin announced a number of agreements and then traveled to Durban, South Africa, for the fifth “BRICS” summit, where they joined with the leaders of India, Brazil and South Africa to announce the creation of a new development bank that could ...

2013-04-08 17:01

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