Asia

  • India could benefit greatly from China's ambitious Maritime Silk Road.

    Why Would India Not Want to Sail the Maritime Silk Road?

    Chinese President Xi Jinping proposed the concept of the Maritime Silk Road (MSR) — now a part of the One Belt, One Road initiative — during his visit to Indonesia in October 2013. The MSR is an attempt to promote economic cooperation and connectivity by reviving the ancient maritime Silk Road trading route. To this end, China has pledged US$40 billion in the Silk Road Fund to develop infrastructure along the route.

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  • Business deals recently signed between China and India are just the beginning.

    Big Business Deals Highlight Mutual Benefits for China and India

    India and China have signed US$22 billion worth of business deals. Indian Prime Minister Narendra Modi’s three-day visit to the neighbouring economic powerhouse was meant to mark a new chapter in relations between the world’s two most populous countries. Modi was certainly received warmly, but the symbolism on display betrayed the complexity of the two countries' rivalry.

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  • Higher education's critical role in Asia's development.

    Asia's 'Demographic Dividend' and Higher Education

    In most higher education discourse today it is not unusual to hear the claim that the world’s center of gravity is shifting toward the East. Indeed, no region has undergone as profound a transformation as Asia during the past half-century, from the 1970s to the present. Unprecedented economic growth has driven major social and demographic change and institutional reform and, in most countries, has brought about greater stability.

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  • China has shown the willingness to shoulder Asia's infrastructure needs.

    China's AIIB Raises International Tensions and the Hopes of Millions

    Less than two years after reports first appeared in October 2013 about the formation of a new specialized development bank focused on Asia, China’s Asian Infrastructure Investment Bank (AIIB) has become a reality.

    While its birth has given rise to international tensions, it has also offered hope to developing countries that need an enormous amount of infrastructure investment in coming years.

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  • The Chinese-led AIIB will fill an important role in Asian development.

    The Right Role for the AIIB at the Right Time

    The China-led Asian Infrastructure Investment Bank (AIIB) will serve to ease the looming liquidity drought in infrastructure financing. As the World Bank and the Asian Development Bank move toward concessional lending and knowledge sharing with low-income countries, it leaves the AIIB with an important niche to fill.

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  • ASEAN successes have come without proper integration.

    The Unfulfilled Goal of ASEAN Integration

    For the ASEAN member states, the benchmark of successful regionalism has been ASEAN’s effectiveness in bringing the region closer. The lack of interstate conflict is a credit to ASEAN’s success in moulding a greater regional consciousness among policymakers. But while the region has been performing well since it adopted the ASEAN Charter in November 2007, integration is still an aspiration that remains unfulfilled.

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  • The government must be there to provide support for Asia's growing middle class.

    Asia's Middle Class is Booming, but will Need Help to Maintain Momentum

    Everybody seems excited about the rise of a new, global middle class — especially in Asia. A report from Deutsche Bank states that ‘the burgeoning of Asia’s middle class makes it an important consumer market, an engine of economic growth in the region, and an important global political force’.

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  • New economic and security institutions are forming to engage China.

    Keeping Asian Economic Momentum Means Engaging China

    Economic institutions, international and national, are key factors in Asian development strategies. Those economies which have exhausted the growth gained from the traditional mobilisation of capital and labour are now reforming the supply-side institutions that encourage new sources of growth from innovation and productivity. Looking to the future, institutions are of increasing significance for taking up at least three roles: governing efficient global value chains, meeting the challenges of returning G20 growth to its long-term potential, and addressing climate change.

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  • Landlocked countries pay a heavy economic price compared to coastal neighbors.

    Regional Integration and Connectivity Could Greatly Boost South Asia's Economy

    One of the easiest ways to boost economic activity is by promoting regional economic integration that facilitates freer movement of goods, services and investment, helping to achieve regional developmental objectives by creating jobs. But in eastern South Asia, this process is being held up by misguided decisions, strategies and outdated ideas.

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