Asia & the Pacific

150 Items

Blog Post - Views on the Economy and the World

History Warns Us to Avoid a W-shaped Recession

| May 03, 2020

“Those who do not study history are condemned to repeat it.”  And the rest of us are condemned to repeat George Santayana.

Will the Coronavirus Recession of 2020 be V-shaped?  Or U-shaped?  If we fail to heed the lessons of history it is likely to be W-shaped, with incipient recovery followed by successive relapses into sickness and recession.

As has been widely noted, we would have been better prepared to cope with the Covid-19 pandemic in the first place if everyone had paid more attention to the past history of epidemics. Be that as it may, the world is now deep into the pandemic and its economic consequences, the most severe such events since the interwar period, 1918-1939.  As decision-makers in every country contemplate their next steps, they would do well to ponder the precedents of that interwar period.

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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.

Foreseeable Unforseeables

Drew Angerer/Getty Images

Analysis & Opinions - Project Syndicate

Foreseeable Unforeseeables

| Mar. 27, 2020

Contrary to what US President Donald Trump would like to believe, a pandemic like COVID-19 was predicted as recently as last year. After being caught off guard by yet another catastrophe, one wonders when political leaders, markets, and average citizens will start to take risk seriously.

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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.

Police vehicle checkpoint in China

(AP Photo/Andy Wong)

Journal Article - Quarterly Journal: International Security

Counterterrorism and Preventive Repression: China’s Changing Strategy in Xinjiang

    Authors:
  • Sheena Chestnut Greitens
  • Myunghee Lee
  • Emir Yazici
| Winter 2019/20

The Chinese Communist Party changed its internal security strategy in Xinjiang in early 2017 because of Beijing’s changing perception of Uyghur involvement in transnational Islamic militancy abroad, which heightened perceived domestic vulnerability to terrorism.

Defendants' dock at the Nuremberg Tribunals

NARA/Ray D'Addario

Journal Article - Small Wars Journal

Rethinking Bernard Fall's Legacy. The Persistent Relevance of Revolutionary Warfare (Part I)

| Dec. 07, 2019

SWJ interview with Nathaniel L. Moir, Ph.D., an Ernest May Postdoctoral Fellow in History and Policy at the Belfer Center for Science and International Affairs, Harvard Kennedy School. Dr. Moir is completing a book manuscript on Bernard Fall for publication.