Editorial 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 ...

Editorial 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 ...

Editorial Apr 5, 2012

BRICS and bombast

BRICS is back. The five-nation group that comprises Brazil, Russia, India, China and South Africa held its fourth summit last week, convening in New Delhi to present their collective views on global problems. While their opinions are increasingly relevant given their growing weight and ...

Editorial Mar 30, 2012

Surprising choice for World Bank

U.S. President Barack Obama has named Dr. Jim Yong Kim as his nominee to lead the World Bank. In the past, that would have been the end of the process — Washington spoke and the bank complied. It is still probable that Mr. Kim ...

Global-related 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 ...

Commentary | THE VIEW FROM NEW YORK Mar 26, 2012

Costs of a policy of profligacy with foreign lives

by Hiroaki Sato

In the early hours of March 11, Sunday, a U.S. soldier went on a rampage in a village in Panjway, southwest of Kandahar, Afghanistan. He went from one mud house to another, shot, stabbed, and burned 16 villagers. Or so it has been reported. ...

Editorial Mar 17, 2012

More than meets the eye in Beijing

While many dismiss China’s National People’s Congress (NPC) as a “rubber stamp,” its annual meeting provides valuable insight into the thinking in Beijing. This year’s 10-day conclave, which concluded earlier this week, was scrutinized particularly closely since China is set for a leadership transition ...

Editorial Mar 8, 2012

The real 'China threat'

Considerable attention has been devoted to the threat seemingly posed by the growth of China’s power and influence. It seems like every week the country is marking some new “first” in its military modernization program, all of which are said to be underwritten by ...