Sara Hsu SPECIAL TO EMIRATES BUSINESS The question of increasing competition and jobs in the healthcare sector is hardly a priority under China’s current reforms, and reasonably so, even though this would aid the transition to a highly skilled service-based economy. The main question now is whether health care costs can be kept low for the consumer, but high …
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Peru’s election challenge is to not mess it up
In a continent where politics is still painted as a battle between the left and right wing, Peru is hard to place. Consider Sunday’s presidential election, in which an election-eve poll showed Pedro Pablo Kuczynski pulling slightly ahead of former frontrunner Keiko Fujimori. Both candidates are business-friendly pragmatists who have pledged to respect the free market, keep the country …
Read More »North Korea has its African allies
On May 29, 2016, South Korean President Park Geun-hye’s spokesman announced that Uganda pledged to suspend all military and police ties with North Korea. This announcement followed a bilateral meeting, between Park and Uganda’s President Yoweri Museveni. The Ugandan government has been careful to insist that Kampala will maintain diplomatic relations with Pyongyang, but the suspension of military cooperation is …
Read More »No one is quite sure what causes big recessions
There is an important, but quiet debate in the economics profession about what leads to big recessions: wealth or debt. Almost everyone agrees, at this point, that the Great Recession of 2007-09 was caused by the financial system. But that leaves the question of what, exactly, happens in a financial system that leads an economy to crash. Formal economic …
Read More »Britain, too, is infected with political silliness
LONDON Misery loves company, so refugees from America’s Republican Party should understand that theirs is not the only party that has chosen a leader who confirms caricatures of it while repudiating its purposes. Jeremy Corbyn, the silliest leader in the British Labour Party’s 116-year history, might kill satire as well as whatever remains of socialism. Labour was founded in …
Read More »Anger over fish deaths must jolt Vietnam govt
The pollution that caused mass death of fish and other marine life in Vietnam did not only spark widespread anger nationwide, but was also a rude awakening for its people who began to see vividly lack of transparency when handling public issues in their country. According to a figure given by an official on May 5, the disaster had killed …
Read More »Curbing our enthusiasm over rising US home prices
Justin Fox Home prices in US went up in March. That was the news last Tuesday from S&P/Case-Shiller; all indications are that April was an up month too, and that this summer’s “selling season” will see continued price increases. Bit by bit, prices are regaining the ground lost during the long collapse from 2006 through early 2012. In some …
Read More »US hits right note at Shangri-La with principled security network
Speaking on Saturday at this year’s Shangri-La Dialogue – Asia’s premier defense summit – U.S. Defense Secretary Ash Carter delivered an important address outlining what he called the “principled security network†– a growing set of bilateral, trilateral and multilateral mechanisms in the region focused on preserving key values and promoting greater burden-sharing among all nations. Little of what …
Read More »Let us count the ways India surpasses China
When Narendra Modi, the prime minister of India, speaks to a joint session of the U.S. Congress on June 8, he may find it hard to convince lawmakers of his country’s promise. He shouldn’t: As China, Russia and Brazil slow down, India is barreling ahead. It’s one of the brighter spots among all the emerging markets. True, India’s economic …
Read More »Big data is still only a little helpful
Leonid Bershidsky “Big data†is one of the tech world’s ubiquitous buzzwords. In the old days, people just called it data, but in Silicon Valley it’s not a thing unless it’s big. It’s not yet obvious, however, that data collected by various internet services is any more useful than those mined in more traditional ways — through surveys, for …
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