Asia

Why the People of Vietnam Have Surprisingly Warm Views of Americans, Despite the History

Although Vietnam calls itself a socialist country, the way people here think is more in tune with capitalism than is the case in Europe.

Japan’s Crippled Banking System

Back in the 1980s, a lot of best-selling books were written about how the United States should emulate Japan. Pursuing free market economics based on individual entrepreneurs was passe, so it was often said by Ronald Reagan's critics. Instead, we should follow Japan's...

Taiwan is not China

The diplomatic storm that blew across the Taiwan Strait last month is over now, but it is only a matter of time until the heavy weather returns. Sooner or later, Taiwan's president, Chen Shui-bian, will again say something that suggests Taiwan ought to be regarded as...

Time’s Up for Pakistan: America Must Side with India

The Bush administration seems to be twisting itself into a knot of confusion over the nuclear standoff between India and Pakistan, dispatching an array of diplomats to try to "ease the tensions" between the two countries -- without doing anything to eliminate the...

“Diversity” In India

If facts carried some weight with those who are politically correct, the recent outbreak of savage and lethal violence in India's state of Gujarat might cause some reassessments of both India and "diversity." This is only the latest round in a cycle of violence and...

A Lesson in U.S. Foreign Policy for India: With Friends Like Us …

India is beginning to learn what Israel has learned, brutally, over the past year: the U.S. State Department loves to betray our friends. It is now more than a week since Pakistan-backed Islamic terrorists shot up the Indian Parliament in New Delhi, killing 12 people...

India Unbound

There are few things more heartwarming than watching people rise out of poverty to a better life. When it is a whole nation in the process of doing so, it is especially inspiring. That is the theme of a marvelous new book titled "India Unbound: The Social and Economic...

China’s Olympic Sized Victory

Picture this: Beneath a towering portrait of Chairman Mao, brutal Chinese dictators bask in the warm glow of international good will as the world's top volleyball players romp across imported sand spread over Tiananmen Square -- the same bloodied site where government...

Asian American Pity Party

Here are some of the racial epithets I've been called in my lifetime: Chink. Gook. Jap. Nigger. Slant eyes. Dog-eater. Those are just the printable ones. I'm an American of Filipino descent, but have been mistaken for everything from native Hawaiian to Caribbean. I've...

Dealing with the China-Taiwan Puzzle

As the guarantor of regional security in Asia, the United States should be paying closer attention to the military buildup and strident anti-Taiwan rhetoric of the People's Republic of China (PRC). Other nations may be able to dismiss these threats as just another...

Conference Report: NYU’s “ASIA: Restructuring in Action”

Last week I attended a full-day business conference "ASIA: Restructuring in Action," at NYU's Stern School of Business. There, professors and industry experts met to discuss how post-crisis Asia was progressing. We discussed macroeconomic trends, the restructuring of...

Bush Should End the Clinton Sponsored Appeasement of China

President Bush meets today with Qian Qichen, China's deputy prime minister and the first senior Beijing official to visit the White House since the new administration began. Uppermost on Qian's agenda is the question of arms for Taiwan, which he calls "the most...

The U.S. Needs to Stop Arming and Training China’s Military

Part of the reason U.S. military leaders give away too much is naiveté, not disloyalty. Part of the explanation for such actions is this romantic sense of wanting to give China something in the hopes of developing a friendship. People do really dumb things.

“Blood In The Streets” in Asia — Again.

While the eyes of the world have been focused on the spectacular rise and fall of the NASDAQ over the past 12 months, Asian stocks have had an even more spectacular ride, declining to levels not seen since the depths of the 1997-98 Asian financial crisis. The Asian...

Bank of Japan Interest Rate Hike is a Canard

On August 11th, Japan's central bank, the Bank of Japan (BOJ), announced its first interest rate hike in ten years. For seventeen months, the BOJ had lent money overnight to the banking system at a rate of zero; that is, no interest. Now, with the hike, it will charge...

Here Comes Mickey Mao: Hong Kong’s new Mickey Mouse economics

Hong Kong's new government appears to be losing its inhibitions about contradicting market prices, favoring some industries over others, and using taxpayers' money to dispense windfall profits to those in favor. The deal recently signed with Disney to build a theme...

Appeasing Dictatorship: From Munich to Hong Kong

With little regard for this recent history, Britain is appeasing dictatorship once again. On July 1, 1997, Britain will officially give back political authority over Hong Kong to the People’s Republic of China.