|
Chung-in Moon and David Plott |
|||||
Dear Reader, |
|||||
![]() |
Cover Story: |
||||
The Gathering Financial Storm: |
|||||
The end result of a crisis unlike anything |
|||||
The Search for a New Financial Order |
|||||
The so-called Washington Consensus that governed the global financial system since the end of World War II is all but dead. But building a new financial order won’t be easy. |
|||||
Domestic Demand and Continued Reform: |
|||||
The current crisis presents China with the chance to forge a new development model. The choices it makes could influence the global economy. |
|||||
| Japan’s Economic Woes: It’s About Politics |
|||||
For Japan to realize its economic potential, it must finally grapple with political reform. If this crisis does anything, it shows how politics continues to hobble the economy. |
|||||
South Korea: Wary of Another Financial Crisis |
|||||
South Korea was ardent in reforming its economy after the 1997 Asia financial crisis. So, why are the markets treating it so harshly this time around? |
|||||
| India’s Politics of Crisis and Change
Manila and Bangkok By N.K. Singh |
|||||
The impact of the financial crisis on India has only heightened the importance of pursuing political and economic reforms more aggressively than ever. |
|||||
| Challenging Times for Southeast Asian Economies By Manu Bhaskaran |
|||||
| Southeast Asia’s tight links to the global economy make it especially vulnerable to the financial crisis. But the region will bounce back quickly, and emerge stronger. |
|||||
| The Debate: Has the Crisis Undermined the Washington Consensus? |
|||||
Demise of the Anglo-American Model of Capitalism |
|||||
The intellectual and philosophical premises of the Anglo-American model of capitalism were never as solid as its advocates claimed. |
|||||
A Failure of Governance, Not Markets |
|||||
There is a great risk the wrong lessons will be learned from the financial crisis, as critics of free markets trip over each other to blame markets, not failed governance, for what has happened. |
|||||
| Feature Essays | |||||
The Making of the US-India Nuclear Accord |
|||||
The nuclear agreement between the US and India has set off a global debate about the implications for the world’s decades-old effort to control nuclear proliferation. |
|||||
The ‘Unbungling’ of Asia |
|||||
President George W. Bush’s administration bungled Asia. It will fall to Barack Obama’s team to rectify things. |
|||||
Education Pressure Cooker: |
|||||
Ranking in Asia Social Darwinism finds ready acceptance in Confucian-heritage cultures, where social ranking is ubiquitous. But is this the right approach when it comes to education? |
|||||
| China’s Road to Destruction: Following the West on Global Warming By Paul G. Harris |
|||||
Increasingly, Asia and the wider world are suffering collateral environmental damage from China’s rapid economic growth. Can China afford to follow the West’s development model? |
|||||
| Book Reviews | |||||
Two Countries, One System: |
|||||
They are so close, yet so far apart. Malaysia and Singapore have each produced writers who struggle in different ways to grapple with history, identity and local culture. |
|||||
| Dowager’s Struggle Reviewed By Dewi Anggraeni |
|||||
|
|||||
|
|||||||||||||||||||||||||||||||||||