May 3, 2012

Modest steps at the IMF

The biannual meetings of the world’s leading financial institutions, the International Monetary Fund and the World Bank, are generally pretty staid affairs — after all, how riled up can gatherings of central bankers and finance officials really get? In recent years, the answer is ...

Apr 28, 2012

Seeking talks with Iran one more time

Iran and the five permanent member nations of the United Nations Security Council plus Germany (P5-plus-1) held talks in Istanbul on April 14 and agreed that they would start full talks from May 23 in Baghdad over the issue of Iran’s nuclear program. Although ...

Apr 22, 2012

India extends its nuclear reach

While international attention has been focused on North Korea’s failed “satellite launch,” India last week successfully test-fired a missile capable of carrying a nuclear warhead 5,000 km. This development has the potential to shift the regional strategic balance and introduce new uncertainties into Asia. ...

Apr 21, 2012

Mr. Ishihara's ill-considered plan

Tokyo Gov. Shintaro Ishihara announced in Washington last Monday that the Tokyo Metropolitan Government is in the final stage of negotiations to buy most of the Senkaku Islands in the East China Sea from the landowner Mr. Kunioki Kurihara, a resident of Saitama. Prime ...

Apr 20, 2012

Stopping the North's next move

The United Nations Security Council on Monday “strongly condemned” North Korea for its failed rocket launch three days earlier and announced that it will impose new sanctions. The North’s failed attempt to launch a satellite clearly violates a 2009 UNSC resolution that prohibits it ...

Apr 16, 2012

China's prodemocrats lose a giant

Fang Lizhi, one of China’s best-known dissidents, has died. He passed away in the United States, where he had spent the last two decades of his life after being forced to flee China in the aftermath of the 1989 crackdown on prodemocracy activists. The ...

Apr 11, 2012

Disasters impact land prices

For the fourth consecutive year, Japan’s land prices have fallen. Prices decreased an average 2.6 percent in 2011, but the decline was smaller than the 3.0 percent in 2010 as the economy bounced back from the 3/11 disasters. Commercial land prices slipped 3.1 percent ...

Apr 8, 2012

Auditing work conditions in Asia

Recently Apple computer company and one of its main subsidiaries, the Taiwan-based technology provider, Foxconn, agreed to be audited. The auditors from the independent Fair Labor Association did not look into the accounting books, but into the company’s working conditions. The investigation was one ...

Apr 4, 2012

Myanmar marching forward

The news from Myanmar continues to be positive. Parliamentary by-elections went ahead as scheduled, and despite some claims of vote irregularities, the results appear to be in line with most expectations. At the same time, the government is proceeding with economic reforms that could ...

Apr 2, 2012

Institutional intolerance in Osaka

In June 2011, Osaka Prefecture became the first prefecture to enact a by-law to make it obligatory for teachers at prefectural schools to stand up and sing the national anthem, “Kimigayo,” at school ceremonies, although it did not provide for punishment. Osaka Ishin-no Kai ...

Mar 29, 2012

Charades at the World Bank and IMF

by Uri Dadush and Moises Naim

The scandal over the repellent way the World Bank president is appointed has obscured an equally scandalous situation: the appointment process of the rest of the senior managers at the bank and the International Monetary Fund. They too are selected through opaque, quota-driven negotiations ...

Mar 27, 2012

The cracks in the BRICS

by Brahma Chellaney

As it prepares to hold its latest annual summit in New Delhi on March 28-29, the BRICS grouping — Brazil, Russia, India, China, and South Africa — remains a concept in search of a common identity and institutionalized cooperation. That is hardly surprising, given ...