Asia & the Pacific

9 Items

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Analysis & Opinions - Global Policy

Factoring Pandemic Risks into Financial Modelling

| Apr. 01, 2020

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.

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Analysis & Opinions - The Economist

COVID-19 Pandemic Accelerates the Rise of Digital Payments

| Mar. 20, 2020

Could using the cash in your pocket have the potential to spread covid-19? That question has rarely appeared in the news, but many governments and leaders in the digital payments industry are wondering how the virus might impact the use of cash. Several countries have already taken drastic measures to limit circulation of bank notes. Could such interventions lead to the end of cash payments?

People walk by a money exchange shop in Hong Kong.

AP/Kin Cheung

Analysis & Opinions - Project Syndicate

The COVID-19 Cash Out

| Mar. 19, 2020

Because hand-to-hand exchange of physical currency could transmit the coronavirus, countries around the world are being forced to reconsider the use of cash. In fact, COVID-19 might turn out to be the catalyst that finally brings digital payments fully into the mainstream. Not surprisingly, the digital-payments industry is already focusing on the opportunities created by the crisis.

A reflection of the Singapore financial district is cast on the waters of a reservoir in Singapore Thursday, May 28, 2015. Singapore celebrates its 50th anniversary of independence Aug. 9.

(AP Photo)

Analysis & Opinions - The World Post

Singapore Challenges the Idea That Democracy Is the Best Form of Governance

| August 5, 2015

The American Declaration of Independence asserts that "life, liberty and the pursuit of happiness" are fundamental, unalienable rights of all human beings -- endowed to us by our Creator. According to the Declaration, the primary purpose of government is to establish conditions in which citizens can realize these goals. In comparing governments, it is appropriate to ask how each is performing by these yardsticks.

As it celebrates the 50th anniversary of its founding under the late Lee Kuan Yew, Singapore is a marvel to behold and applaud. But its success also poses uncomfortable questions for those of us who "know" that Western-style democracy is the best form of government.

Indian protesters and policemen throw stones at each other during a protest in New Delhi, India, December 23, 2012.

AP Photo

Analysis & Opinions - The Boston Globe

The Promise of India

| January 17, 2013

Nicholas Burns writes, "It has been a big idea in American foreign policy for over a decade: The United States would align its interests with a rapidly rising and democratic India to balance China’s burgeoning power in the vital Asia Pacific region. But that ambitious strategic bet depended on the critical assumption that the chaotic, poor, and struggling India of today would develop into the vibrant, wealthier, and more stable India of tomorrow that many of its admirers think it may yet become.

Journal Article - Quarterly Journal: International Security

The Security Curve and the Structure of International Politics: A Neorealist Synthesis

    Author:
  • Davide Fiammenghi
| Spring 2011

Realist scholars have long debated the question of how much power states need to feel secure. Offensive realists claim that states should constantly seek to increase their power. Defensive realists argue that accumulating too much power can be self-defeating. Proponents of hegemonic stability theory contend that the accumulation of capabilities in one state can exert a stabilizing effect on the system. The three schools describe different points along the power con­tinuum. When a state is weak, accumulating power increases its security. This is approximately the situation described by offensive realists. A state that con­tinues to accumulate capabilities will eventually triggers a balancing reaction that puts its security at risk. This scenario accords with defensive realist as­sumptions. Finally, when the state becomes too powerful to balance, its oppo­nents bandwagon with it, and the state’s security begins to increase again. This is the situation described by hegemonic stability theory. These three stages delineate a modified parabolic relationship between power and secu­rity. As a state moves along the power continuum, its security increases up to a point, then decreases, and finally increases again. This modified parabolic re­lationship allows scholars to synthesize previous realist theories into a single framework.