Jul 1, 2012

Asia richer than ever — or is it?

Asian millionaires have surpassed North American millionaires for the first time ever, according to a study by Capgemini consultancy and the Royal Bank of Canada. The Asia-Pacific region now has 3.37 million so-called high-net-worth individuals, calculated in terms of the number of people with ...

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 8, 2012

Orangutans in danger

The word “orangutan” comes from the Malay and Indonesian words meaning “person of the forest.” Unfortunately, soon there may be no forest and no “person,” either. The encroachment of palm oil companies into orangutans’ natural habitat and the illicit trade in baby orangutans have ...

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 22, 2012

China's military buildup breeds distrust

by Michael Richardson

Since China announced another big rise in its military spending earlier this month, Chinese officials in Beijing and diplomats posted in Asia-Pacific countries have been trying to spread an orchestrated message to the region: Don’t be alarmed. China is in a bind. Its declared ...

Mar 8, 2012

Resources fuel tensions in South China Sea

by Michael Richardson

For much of 2010 and 2011, tensions over conflicting claims to disputed islands, maritime territory and energy resources rippled through the South China Sea, embroiling several Southeast Asian states and China in disputes that also involved the interests of outside powers, including Japan and ...

Jan 28, 2012

Balancing security and science

Scientists working on ways to detect and prevent the spread of the avian flu virus have suspended their work out of concern that it could either be used for bioterrorism or that it might escape the lab; either development could create a global pandemic ...

Dec 14, 2010

Setbacks in Indonesia's antigraft policy

by Donny Syofyan

PADANG, West Sumatra — Transparency International publishes the Corruption Perception Index (CPI) every year. Based on 13 different expert and business surveys, the CPI measures and ranks public sector corruption in 180 nations. The 2010 Corruption Perceptions Index shows that nearly three-quarters of the ...

Dec 3, 2010

North Korea evokes pity and condemnation

by John J. Metzler

UNITED NATIONS — Amid severe food shortages affecting up to a quarter of the population, horrific human rights abuses, and an expanding and costly nuclear weapons program, the United Nations has tried to respond to North Korea with a combination of carrots and sticks. ...