China
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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The Puzzling Persistence of APEC

The Puzzling Persistence of APEC

The Asia Pacific Economic Cooperation has just concluded its annual summit in Honolulu, once President Obama’s home turf. It will probably be most remembered for the traffic jams it created in the Waikiki Beach area, to the consternation of residents and tourists alike. APEC’s continuing existence is a puzzle to many, for APEC’s record of irrelevance is rivaled by few other international forums. 

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Should We Engage North Korea?

Should We Engage North Korea?

The recent two-day talks between the United States and North Korea were a good start, but it also shows that a diplomacy contingent upon denuclearization will not likely break the deadlock. Perhaps the pending leadership succession from Kim Jong-il to his heir apparent Kim Jong-eun provides a window of opportunity for the United States to effectively engage the North through a different strategy, and denuclearization can happen from there.

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An Alternative Eulogy for Steve Jobs

An Alternative Eulogy for Steve Jobs

Jobs may have been an exceptional designer, but when it comes to the multifaceted corporate malfeasance that has come to characterize the global electronics industry, Apple is exceptional for its profit margins alone.

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Why 2012 Will Shake Up Asia and the World

Why 2012 Will Shake Up Asia and the World

Washington, which has focused for years on North Korea’s small but developing nuclear arsenal, has barely been paying attention to the larger developments in Asia. Nor will Asia’s looming transformation be a hot topic in our own presidential election next year. We’ll be arguing about jobs, health care, and whether the president is a socialist or his Republican challenger a nutcase. Aside from some ritual China-bashing, Asia will merit little mention.

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Is China Heading for Collapse?

Is China Heading for Collapse?

An implicit social contract underlies the Chinese people’s relationship with its government. The people accept the autocratic Communist Party of China regime with its corruption and minimal public participation, and the regime delivers a continuous and rapid improvement in the economic standard of living. But that social contract is now at risk, as China is on an unsustainable path that will result in economic stagnation or decline in the coming decades. 

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The South China Sea Conundrum

The South China Sea Conundrum

Recent months have witnessed renewed tensions over disputed territories in the South China Sea. In response to China’s encroaching military maneuvers and the country’s designation of the whole area as part of its indisputable sovereignty, several South East Asian countries have found themselves dangerously vulnerable. A murky legal regime has led to the emergence of a series of overlapping territorial claims in the area, but at the center of tensions are five key-actors: China, the Philippines, Vietnam, the Association of Southeast Asian Nations (ASEAN), and increasingly the United States.

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