Asia Pacific

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  • China's diaspora played an integral part in that country's growth.

    China's Growth Augmented by the Diaspora

    In 1995, Australia’s Department of Foreign Affairs and Trade published a 350-page report on overseas Chinese business networks, calling them ‘one of the main forces driving the dynamic growth that characterises the region’. This interest reflected the economic clout of the then 50-odd million diaspora Chinese — living mostly in Taiwan, Hong Kong, Macau and Southeast Asia. In the early 1990s, this diaspora was described as rivalling Japan as a business influence across Asia, with a collective wealth comparable to China’s GDP.

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  • At some point, China as a great leader will emerge.

    China's Eventual Leadership Role

    For a great power to lead the world there are a few qualities that it should bring to the table. These include, but are not limited to, material strength, an aspiration for recognition, and sufficient international support. Does China currently possess these qualities?

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  • Malaysian foes Mohamad and Ibrahim meet in court and shake hands.

    A Malaysian Odd Couple

    On Monday 5 September 2016, former Malaysian Prime Minister Mahathir Mohamad did the unthinkable. He turned up at the High Court for Anwar Ibrahim’s filing of an interim injunction to stop the enforcement of the newly passed National Security Council (NSC) Act.

    Mahathir shook hands with his former ally turned nemesis and both exchanged pleasantries. He wished Anwar well and prayed for the jailed opposition leader’s success. They talked for a good 45 minutes in the witness room — a long time indeed for two bitter foes.

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  • Spillover effects of BOJ policy on Asia have been positive and negative.

    Mixed Results in the Rest of Asia over the BOJ's Policy Decisions

    Like other central banks in advanced countries, the Bank of Japan (BOJ) adopted an unconventional monetary policy after the 2007–2009 global financial crisis (GFC). After Prime Minister Abe advocated the new policy regime, Abenomics, the BOJ became highly aggressive in its unconventional policy (see, for example, Fukuda [2015] for details). On 4 April 2013, BOJ Governor Kuroda introduced quantitative and qualitative monetary easing (QQE) and committed to achieve a 2% inflation target in 2 years.

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  • A student assessment finds Indonesians falling behind in their early teens.

    By One Standard, Indonesians Fall Behind Academically Early On

    Indonesia has consistently underperformed in the Program for International Student Assessment test — a standardised test administered by the OECD to measure the academic performance of 15 year olds.

    More recently, the OECD also administered the Programme for the International Assessment of Adult Competencies (PIAAC) tests for individuals aged 15–65. The results for Indonesia were similarly underwhelming.

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