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Moody’s revises down 2019, 2020 economic growth outlooks for S. Korea

Moody’s revises down 2019, 2020 economic growth outlooks for S. Korea

Global credit rating setter Moody’s Investors Service revised down its outlook for South Korea’s economic growth for 2019 and 2020, its latest report showed Monday. “We forecast real GDP growth in South Korea slightly above 2 percent in both 2019 and 2020, markedly lower than the 2.7 pct growth in 2018,” Moody’s said in “Global […]

North Korea can learn economy from Hanoi

North Korea can learn economy from Hanoi

Vietnam’s capital of Hanoi can present a potential economic model for North Korea as it seeks to abandon its nuclear program in favor of economic development. Vietnam has been selected as the venue for the second summit between the leaders of North Korea and the U.S. as the country has friendly relations with both. Yet […]

South Korea: Shareholder activism unnerves chaebol

South Korea: Shareholder activism unnerves chaebol

KCGI seeks to force Cho out of Hanjin management Shareholder activism has emerged as the centerpiece of the nation’s capital market. A growing number of shareholders at large Korean companies or chaebol are trying to have a bigger say in their management and to influence the owner families’ behavior by exercising their rights as partial owners. […]

China’s Political Economy Under the Microscope

China’s Political Economy Under the Microscope

  The “red swan” that gives this book its title refers to China’s Communist Party-state policy-making process, and is a play on the “black swan” of the induction fallacy, popularized by the former Wall Street trader and finance professor Nassim Nicholas Taleb. Sebastian Heilmann’s policy-centric work is a blend of political economy and political science […]

Uzbek President Mirziyoyev: When a person changes, society changes

Uzbek President Mirziyoyev: When a person changes, society changes

  “We all know that reform means renovation, change. In order for the reforms to succeed, first of all, our leaders and people need to change. When a person changes, society changes” – Reforms in society and in all fields of life was the main focus of Uzbekistan President Shavkat Mirziyoyev’s New Year Address to […]

Talking at the Top: Past, Present and Future Summit Diplomacy in Asia

Talking at the Top: Past, Present and Future Summit Diplomacy in Asia

As the metaphor suggests, summitry sits at the pinnacle of international politics; indeed, the term was first introduced by none other than Winston Churchill.1Defined most broadly as face-to-face meetings of heads of state, summits have on occasion proven to be defining historical moments: Neville Chamberlain at Munich, John F. Kennedy and Nikita Khrushchev in Vienna, […]

South Korea: minimum wage stirs up controversy again

South Korea: minimum wage stirs up controversy again

The government’s ordinance to revise the calculation method for the minimum wage is stirring up controversy and fueling conflict between businesses and workers. They have been locking horns over a particular issue concerning the inclusion of wages employers need to pay their employees for days off. Basically, companies will have to “legally” count and add […]

Advance with the times by carrying forward reform and opening-up

Advance with the times by carrying forward reform and opening-up

Whoever can offer a clear explanation of China’s reform and development will likely be a winner of the Nobel Laureate in economics, the remark of the Nobel economics prize winner Milton Friedman has reflected the global trend towards the exploration of the secrets of China’s reform and opening-up. To reveal the secrets of China’s success, […]

China’s reform and opening-up contributes to global prosperity

China’s reform and opening-up contributes to global prosperity

China’s reform and opening-up has not only contributed to the development of the country itself, but also to that of the world since it started in 1978. As the world’s second largest economy, China has contributed to more than 30 percent of global growth for years. International Monetary Fund (IMF) Managing Director Christine Lagarde said […]

China’s ODI exceeds $100 billion in first 11 months

China’s ODI exceeds $100 billion in first 11 months

Domestic investors made $104.48 billion of non-financial outbound direct investment (ODI) in 5,213 overseas enterprises in 157 countries and regions from January to November, according to the Ministry of Commerce (MOC). The ODI in the period remained flat with last year, an official from the Department of Outward Investment and Economic Cooperation with the MOC […]

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