With Beijing holding the majority of AIIB’s voting rights, the bank is seen by analysts as a deliberate effort to pull Asian countries closer into China’s orbit.
Hanoi officially expressed its displeasure over Beijing’s annual fishing ban in the South China Sea at a regular press conference last week.
After emerging from a harsh dictatorship, now comes the gargantuan task of reconciling Gambia’s past horrors, and laying the groundwork for future prosperity.
Despite U.S. objections and concerns, China’s $100 billion initiative seems determined in its quest for respectability and prominence.
Water can be an economic win-win agent and a ‘lubricant of peace,’ especially when basins transcend jurisdictional boundaries
In the sixth and final installment of the virtual roundtable, Marc Chandler discusses China’s economic growth prospects in the current transitional period.
While these institutions have made some headway in meeting the infrastructure needs of Asian countries, some critics of the World Bank and ADB argue they are slow and bureaucratic, and impose stifling environmental and social constraints which deter investment.
From the outset, let me make one thing clear: Al-Shabaab, and its extremist world view is neither constructive nor sustainable. This extremist neo-Islamist group represents one of a two nihilistic worldviews that dominated the twenty first century political discourse—global (dysfunctional) jihadism and global war on terrorism. Both, due to their applied mantra—with hammer, all problems […]
Like many other African countries, Mozambique has enormous potential, but there are many gaps to fill. Led by its natural resources, the economy has been booming with real GDP growth reaching 7.4 percent in 2012, seven percent in 2013 and is predicted to reach 8.5 percent between 2014–16, according to the World Bank. London based […]
Any unchecked authority or power—especially when involving monies—ultimately leads to corruption. That is why it is necessary to put in place mechanisms to monitor, audit, reward, and, when necessary, punish.All laws stemming from a moral or a legal code are based on a system of rewards and punishments. By corruption I mean: Abuse of authority […]
How serious is China about “the introduction of a new reserve currency to replace the dominant U.S. dollar,” one of its proposed steps for creating the “de-Americanized world” that the official Xinhua news agency called for in the run-up to the denouement-cum-deferral of the U.S. fiscal crisis? American commentators’ responses have ranged from the […]
Ten years ago, it was typical for 20 percent or more of the money a migrant worker sent to his or her family in a developing nation to be eaten up by transmission costs. Thanks to factors including increased competition and technological advances, that percentage has dropped steadily over the past decade, so that […]
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