In The News

Jung Min-kyung September 5, 2019
Myanmar’s government opened its economy this decade, and South Korean firms see “economic potential and geographic attractiveness,” reports Jung Min-kyung for the Korea Herald. For example, Posco International, described as the trade and resources development arm of Korea’s leading steelmaker, has completed a rice processing complex in Myanmar’s rice-producing Ayeyarwady region. The facility...
Vivienne Walt September 1, 2019
China’s investment in the historic port of Piraeus has lifted Greece’s economy and dampened populist opposition to foreign investment. “Situated at the edge of Athens – a short sail from the Middle East and Africa – the port has been a strategic jewel for nearly 2,500 years, ever since the Athenians and Spartans defeated the Persian emperor in a nearby sea battle for Mediterranean supremacy,”...
Bob Herrera-Lim August 28, 2019
The global gambling industry is worth about $500 billion, with online gaming on the rise. China has asked the Philippines to shut down its online gambling sites that target mainland Chinese players. The Philippines president is expected to support the POGOs – operations that hire Chinese speakers and target the mainland. “[T]he rise of the POGOs is also a lesson for the Philippine government and...
Kate Holton and William James August 19, 2019
Trade has represented more than half of the United Kingdom’s GDP since 2005, reports the World Bank. Leaked government documents suggest that the country will contend with dire shortages of essential goods by leaving the European Union without a trade deal. Government officials suggest the country is preparing for the worst-case scenario. “Setting out a vision of jammed ports, public protests...
Chris Devonshire-Ellis August 15, 2019
The US delayed a round of tariffs scheduled for China September 1. “The simple truth is that China’s share of bilateral trade with Belt and Road Initiative (BRI) countries, coupled with increasing trade with ASEAN, is more than compensating for any US trade downturn,” explains Chris Devonshire-Ellis for China Briefing. China advises its firms to find substitute markets. Some market adjustments...
Joseph E. Stiglitz August 12, 2019
The Trump administration is delivering shocks to the economy before experts can assess the consequences, suggests economist Joseph Stiglitz. All that is sure about the US economy is volatility and uncertainty. Reductions in the interest rate by the US Federal Reserve as central bank have little effect. “Long ago, John Maynard Keynes recognized that while a sudden tightening of monetary policy,...
Ephrat Livni August 7, 2019
China is leading the world in the highly regulated caviar industry. The term, once applied strictly to the roe from wild-caught sturgeon, is now loosely applied to eggs from multiple species of fish, whether caught in the wild or raised in aquaculture facilities. The delicacy originated in Russia and Turkey before spreading to Europe and the rest of the world, and in overfishing became a threat...