The Duterte Whirlwind: The Reawakening of the Philippines

The Duterte Whirlwind: The Reawakening of the Philippines

photo: canencia The new Philippine president is waging a tough drug war, pushing economic growth domestically and greater pragmatism in foreign policy that could contribute to Southeast Asia’s future. Internationally, Rodrigo Duterte, the new president of the Philippines, has been portrayed as a “dangerous populist”. That’s a gross caricature. In the elections, he leaned on the […]

What If Clinton Wins

What If Clinton Wins

photo: Getty Images According to polls, the race to the White House is over. Clinton has won, Trump has lost. If that proves the case, US economic erosion will slow but imperial foreign policy may escalate, which has critical repercussions in Asia. The polls reflect the new status quo. Despite her high unfavorability ratings, Clinton […]

Italy at the Brink: From Renzi’s Referendum to Italexit?

Italy at the Brink: From Renzi’s Referendum to Italexit?

photo: Davide Oliva Europe’s Summer of Discontent                                In the aftermath of the Brexit tensions, Italy is defying Brussels to bail out troubled banks and preparing for constitutional referendum in October. If Prime Minister Matteo Renzi fails to achieve adequate support, economic destabilization will shift from the UK to Italy – which could […]

Monetary Exhaustion Means Rising Gold Prices

Monetary Exhaustion Means Rising Gold Prices

As non-traditional monetary policies in advanced economies are likely to eclipse, investors will increasingly turn to gold to hedge their portfolios. Around mid-April, when the price of gold was still about $1,290, I made a contrarian projection that gold had a bright, though bumpy future. Since then, gold price has climbed to $1,365 – which […]

Chinese Growth Staying Close to Target, Despite Bleak Global Prospects

Chinese Growth Staying Close to Target, Despite Bleak Global Prospects

  photo: Thomas Depenbusch Assuming no surprises in the second half of the year, China’s growth in 2016 will remain near the target of 6.5 percent reflecting structural transition in the mainland, secular stagnation in the West and post-Brexit tensions globally. In mid-July, China’s second-quarter GDP figures beat estimates with a 6.7 percent expansion, thanks to […]

Time for Bold Economic Moves and Tough Security in Nigeria

Time for Bold Economic Moves and Tough Security in Nigeria

  photo: Global Panorama As Nigeria’s economy is contracting, domestic and global headwinds ensure that downside risks will escalate. Without aggressive economic moves and harsh security measures, the economy could face a disastrous free fall. In 2015, government deficit soared to almost 4 percent of GDP and exports fell 40 percent, which led to a current […]

China’s Devastating Floods: From Adaptation to Mitigation

China’s Devastating Floods: From Adaptation to Mitigation

photo: LanguageTeaching After weeks of torrential rain across central and southern China, the mainland has suffered from a series of devastating floods. As the total price tag has soared, the impact will be felt in economic growth. By mid-July, almost 240 people had lost their lives and nearly 100 were missing, as China’s floods had been […]

Time for Reset and Realism in the South China Sea

Time for Reset and Realism in the South China Sea

photo: U.S. Pacific Fleet After the South China Sea arbitration ruling, uncertainty and friction may increase in the region. However, the economic promise of China’s rise and the Asian century will only materialize with peace and stability in the region. On July 12, the international court in The Hague ruled in the dispute between China and […]

Why the EU-China Summit Must Succeed

Why the EU-China Summit Must Succeed

photo: European External Action Service The annual China-EU Summit is a great opportunity for Beijing and Brussels to align complementary investment agendas. Failure is no longer an option. The annual EU-China Summit will take place in Beijing in mid-week. The high stakes are reflected by high-level participation, which includes the European Council President Donald Tusk, European […]

Hong Kong’s Choice Between Hope and Despair

Hong Kong’s Choice Between Hope and Despair

photo: Long CHUNG Today, Hong Kong faces great economic uncertainty and unprecedented market volatility. Recently, Hong Kong’s financial secretary John Tsang Chun-wah warned that the city’s economy is facing its “worst time in 20 years.” In the past half a decade, growth has more than halved close to 2.5 percent. With Brexit chills, analysts expect a […]

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