Markets

29 September 2016

A wave of political activism has animated East Asian politics: Taiwan’s Sunflower Student Movement in 2014, South Korean 2015 street protests against President Park’s new labour law, and protests in Japan in 2015 against Prime Minister Abe’s security bills. Youth activism was common to all these movements. Facing challenges in a stagnating economy, the younger generations have developed a deeper political awareness from a sense of marginalisation from political decision-making processes. A wave of political activism has animated East Asian politics: Taiwan’s Sunflower Student Movement in 2014, South Korean 2015 street protests against President Park’s new labour law, and protests...

Featured Articles

20 September 2016

Recession Recovery and the Tale of Two Dollar Rallies

The dollar-value of all the goods and services the US produces has never been larger.  Two other metrics capture the recovery.  These two Great Graphics come from the Wall Street Journal and draw from Census Bureau figures. The dollar-value of all the goods and services...

16 September 2016

A Missed Opportunity for Indonesia

As ASEAN meetings in Vientiane concluded in September 2016, an air of anxiety was already beginning to settle over the Southeast Asian nations. Further resistance against China’s maritime assertiveness in the South China Sea is proving increasingly futile. As ASEAN...

15 September 2016

Malaysia’s Next Election Sure to be a Bit of a Mess

On 29 June this year, Lim Guan Eng, the Chief Minister of Penang state and Secretary General of the opposition Democratic Action Party (DAP), was arrested and charged with two counts of corruption and abuse of public office. On 29...

15 September 2016

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...

14 September 2016

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...

14 September 2016

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...

12 September 2016

Teeing Up the Emerging Markets

EM ended last week on a soft note. Perhaps it was the North Korean nuclear test (see below).  Perhaps it was disappointment in the ECB or rising Fed tightening odds. Whatever the trigger was, EM FX weakness persisted and appears...

12 September 2016

India, North Korea and Mexico Dominated the EM Headlines

In the EM equity space as measured by MSCI, Colombia (+4.1%), Hong Kong (+3.9%), and China (+3.6%) have outperformed this week, while Thailand (-4.4%), Qatar (-3.3%), and the Philippines (-2.7%) have underperformed.  To put this in better context, MSCI EM...

9 September 2016

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...

9 September 2016

Could THAAD Backlash Derail Regional Harmony?

South Korean President Park Geun-hye’s unilateral decision to deploy a Terminal High Altitude Area Defence (THAAD) missile defence system has sparked serious backlash and protests at home. Many South Korean voters argue that the THAAD’s powerful radar system would make...

7 September 2016

New RBI Governor Patel Faces Many Challenges

Urjit Patel took over as Governor of the Reserve Bank of India (RBI) on 4 September 2016. At 52 years of age, he is among the youngest to be appointed to the position. Hopefully this is indicative of a broader...

2 September 2016

China Welcomes the G20 to SimCity

China is gearing up to hold the G20 summit in its eastern city of Hangzhou. It’s a fitting location for the leaders of the world’s 20 leading economies (19 countries and the EU) to meet. Famed for its beauty, Hangzhou is also...