China
The Apple Connection

The Apple Connection

Ever since the beginning of the current global economic crisis, the focus of both critical analysis and public odium has been speculative capital. In the populist narrative, it was the breathtaking shenanigans of the banks in an atmosphere of deregulation that led to the economic collapse. The “financial economy,” characterized as parasitic and bad, was contrasted to the “real economy,” which was said to produce real goods and real value. Resources flowed into speculative activities in finance, resulting in a loss of dynamism in the real economy and eventually leading to credit cutoff at the height of the crisis, causing bankruptcies and massive layoffs.

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Burma’s Big Brother

Burma’s Big Brother

Over 70 percent of Burma’s FDI has come from China, largely for development projects in ethnic-minority regions. These projects, along with smaller initiatives worth millions if not billions of dollars more in undocumented investment, have now brought tensions in ethnic regions to a boiling point. In turn, such tensions have led to the breakdown of a handful of ceasefire agreements between ethnic armed groups and the government army, which, incidentally, receives the majority of its weaponry from China.

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China’s Looming Economic Crisis

China’s Looming Economic Crisis

China’s economy has been growing at a phenomenal pace in recent decades, averaging around 10 percent a year. Few people seemed to worry, therefore, when the Chinese government announced recently that GDP growth in the third quarter of 2011 slowed to “only” 9.1 percent. Almost any country in the world would envy such growth. Yet beneath the continued robust appearances, there are signs that China is heading toward a crash reminiscent of the one that brought down the U.S. economy during 2007-2008.

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