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Asia-Pacific

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Capital Controls: Global Experience

...In the 1997-1998 the countries of South East Asia had to counter the activities of financial speculators acting in accordance with the prescriptions of the International Monetary Fund. They resorted to currency interventions spending the money taken from currency reserves. With the reserves depleted they turned to world lenders. There they had the International Monetary Fund with its sickly and threadbare Washington consensus dragging them into a vicious circle. All of a sudden one country got out of it. Malaysia led by Prime Minister Mahathir bin Mohamad’ introduced capital controls. It banned currency operations related to cross border capital flows. The measure was a direct challenge to the International Monetary Fund and its backroom owners...

Valentin KATASONOV | 22.12.2014


 

China: Forward Edge of Green Modernization

The battle for eco-friendly China will be in focus of the fifth generation of Chinese leaders... While green modernization takes place inside China the government launches a vibrant diplomatic offensive aimed at efficient resolution of global problems related to climate change. This policy has broad support in Europe... The US Republicans begin to get exasperated by China’s successes. It’s not only the desire to attack Democrats on a major issue. The shale revolution that boosts the US economy is too unstable because of ecological problems, something they don’t like to talk about in America. Are they afraid of Greenpeace?

Alexander SALITZKI | 13.12.2014


 

A North Korean Trio’s Quick Spurt down South

...Until Washington turns away from a paradigm based on regime change in the DPRK as soon as possible and at any cost, the door leading toward an improved relationship between the two Koreas will quickly begin to close.  And yet it is the Koreans themselves who will have the last word in determining the fate of their divided people...

Alexander VORONTSOV | 19.11.2014


 

Welcome to the World Without the West

"What is happening is a concerted effort by the emerging powers to construct parallel multilateral architectures that route around the liberal order, and will likely reshape international politics and economics in fundamental ways."

EDITOR'S CHOICE | 16.11.2014


 

Korean Unification: A Fleeting Opportunity

The governments of North and South Korea continue to repeat the mantra that they are committed to the idea of unifying their divided people. But as years go by, the tension between Seoul and Pyongyang continues, and there is no progress toward achieving that objective. According to public opinion polls, most South Koreans under the age of 40 are not interested in the unification of the peninsula. Although there is no public discussion, this critically important sector of the South Korean society is against any such plans. Decades have passed since the country was partitioned. The number of families separated by the demilitarized zone (DMZ) has dwindled and emotions have cooled. Many young people in the South increasingly see North Korea as a foreign country...

Alexander VORONTSOV | 13.11.2014


 

US: Kicking Vietnam Syndrome Once and for All

The US is set to roll out a 50th anniversary commemoration of the Vietnam War... The United States Vietnam War Commemoration website omits something important – the history of post-war protest movement that hit the streets of US cities in the 1960-1970s. Nothing is said about the persecution of anti-war activists many of whom were war vets... According to Marjorie Cohn, a professor of law at the Thomas Jefferson School of Law, San Diego, California, and a former President of the National Lawyers Guild, one of the most shameful legacies of the Vietnam War is the US military's use of the deadly defoliant Agent Orange, dioxin... War crimes - such as the My Lai (part of Song My village located in South Vietnam's Quang Ngai Province) massacre - were common. In 1968, US soldiers slaughtered 500 unarmed old men, women and children aged from 1 to 82 years old in the Vietnamese village of My Lai...

Vladislav GULEVICH | 10.11.2014


 

U.S.-Chinese Ties on the Eve of the APEC Summit

As President Obama heads to Beijing for the APEC summ it next week , Harry J. Kazianis , Managing Editor of the  National Interest , spoke with Dr.  Ely R atner , a Senior Fellow at the Center for a New American Security to discuss U.S.-Chinese relations, China-Japan relations, the Trans-Pacific Partnership and more.

EDITOR'S CHOICE | 09.11.2014


 

Old Europe Going Decay

...The Ukrainian market got narrowed down for Europeans. The trend is to continue. Now what does the European Union get having signed the association agreement? The answer is hanging in the air.  This is kind of corrosion of European mentality. What’s good for the United States and Great Britain does not necessarily meet the interests of other EU members. Can they not understand it? Is it senility? I have pity for the old Granma Europe. Whatever it is, there is still a chance.  The undermining by Washington of peaceful efforts exerted by France and Germany in Ukraine, the spying rows when the US special services tapped the phones and e-mails of top European Union officials and leaders of European states, the recent revelation of US spying activities in Germany – all told, these factors raise great doubts the about the faithfulness of Anglo-Saxons to the idea of «Atlantic partnership»...

Vladimir SEDOV | 11.07.2014


 

Washington’s Arrogance Will Destroy Its Empire

Alone among the governments in the world, Washington requires sovereign governments to follow Washington’s laws even when Washington’s laws contradict the laws of sovereign countries... Washington issues ultimatums to sovereign nations to do as they are told or «be bombed into the stone age». Washington violates diplomatic immunity and forces down the planes of presidents of sovereign countries to be illegally searched. Washington ordered Russia to violate its laws and to hand over Edward Snowden. Russia is strong enough to refuse to comply with Washington’s orders. So what did Washington do? The city upon the hill, the light unto the world, the «indispensable, exceptional government,» kidnapped Roman Seleznyov, the son of a Russian MP, in a foreign country, the Republic of the Maldives, an island nation in the Indian Ocean...

Paul Craig ROBERTS | 09.07.2014


 

From the pages of Orwell and «1984»: Irregular warfare against Eurasia

«Oceania was at war with Eurasia: therefore Oceania had always been at war with Eurasia. The enemy of the moment always represented absolute evil, and it followed that any past or future agreement with him was impossible». These are the words from «1984», George Orwell’s fictional novel and eerily correct prognostication of future events from geopolitics to the loss of privacy and the rise of the surveillance state. Oceania fictionally represented the British Isles, North and South America, southern Africa, and Australasia. In Orwell’s world, Eurasia was comprised of Russia and Europe while another power, Eastasia, included China, Korea, and Japan...

Wayne MADSEN | 23.06.2014




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OUR COLUMNIST
    Valentin KATASONOV

Reasons for Hryvnia’s Collapse

By the end of «black Wednesday», Feb. 25, the Ukrainian currency exchange rate went down to 33 hryvnias to the dollar and never bounced back. It also plummeted as low as 50-60 hryvnias at the black market to stay there. The official rate was around 15 hryvnias to the dollar in mid-February... In general, the reason for the currency collapse is the economic crisis transforming into a national disaster. Ukrainian Prime minister Arseniy Yatsenyuk has acknowledged recently that the economy dropped 20 % in 2014... According to the recently published forecasts, the GDP is to fall by 5, 5 % in 2015. The yearly inflation is estimated to be 25-26%. The crisis has also spread to banks...

02.03.2015
 
 
 
 
 
 
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