Opinion

Mohamed A. El-Erian Since the onset of the global financial crisis, I have pointed out that advanced economies should learn policy lessons from the experience of the developing world. This argument has been reinforced by two developments last week: the destabilization of the pound after the Brexit vote in the U.K., and indications that the U.S. now has less influence ...

  On June 14, 2016, Zimbabwe and Japan signed a major automobile industry trade deal to ship 10,000 Japanese tractors to Harare and train 40 Zimbabweans in Japanese automobile manufacturing techniques. This deal mirrors similar contracts signed by China, Zimbabwe’s principal Asian partner, and reaffirms Japan’s desire to compete with China for economic influence in sub-Saharan Africa. Japan’s investment in ...

  Taylor Butch SPECIAL TO EMIRATES BUSINESS In January 1999, Starbucks opened its first store in mainland China at the China World Trade Building located in Beijing. As of May 2016, the world’s largest coffee company has more than 2,100 stores in 102 Chinese cities and is adding more. It plans to operate an estimated 3,400 stores in China by ...

WASHINGTON You can add health care to the causes of growing wage inequality in America. There’s a largely unknown paradox at work. Companies that try to provide roughly equal health insurance plans for their workers — as many do — end up making wage and salary inequality worse. A new economic study shows how this perverse bargain works. It’s simple ...

  The Brexit that created a hullabaloo in Europe, could be seen a blessing in disguise for emerging economies in Asia, as it accelerates the arrival of an ‘Asian Century’, led by China and India. By 2050, Asia will account for over half the world’s GDP, almost double that of 2011, according to the Asian Development Bank, with three billion ...

  Sarah Lohschelder SPECIAL TO EMIRATES BUSINESS Recent events have brought focus to one of the less well-known island disputes in Asia. The Kremlin announced it will deploy military forces to the Kuril Islands, or as Japan calls the island chain, the Northern Territories. This announcement came only three weeks after a private meeting between Putin and Abe in Moscow ...

  Satyajit Das Today’s traders and portfolio managers — self-described Masters of the Universe — have hardly covered themselves in glory recently. Their surprise and initial panic at the Brexit result doesn’t say much for the extraordinary foresight, skill at managing risk and large pay packages many of them claim. Truth is, whatever successes they’ve notched till now probably owed ...

  Dursun Peksen SPECIAL TO EMIRATES BUSINESS The United States and other major actors have long opted for economic sanctions to destabilize North Korea’s authoritarian regime and end its nuclear program. Over the years sanctions have inflicted major economic damage and isolated North Korea from the global economy, but have failed to change the course of the Kim regime’s stability ...

  Tomohiko Taniguchi SPECIAL TO EMIRATES BUSINESS Brexit was a bolt out of the blue, one with strategic, economic, and political implications not just for countries across the Atlantic, but also for ones in the Asia-Pacific, particularly Japan. On the strategic front, as Britain begins to determine how to move forward while exiting the European Union, if indeed it will, ...

  Ibu Sanjeeb Garg SPECIAL TO EMIRATES BUSINESS The Indian government recently arrived at a decision to privatize 12 small oilfields in Assam. This, as part of the new policy that will privatize 67 small oil fields in India, has drawn understandably strong reactions from the vocal civil society of Assam. Assam has had a long checkered history with oil, ...