Sometimes, an economic paper delivers such a disturbing result that you have no choice but to sit up and take notice. That was the case for me, when I saw this new study by Stony Brook University’s Marina Azzimonti. Azzimonti’s disquieting hypothesis is that political partisanship is deterring overseas investment in the U.S. When we think of foreign direct …

  David A. Welch SPECIAL TO EMIRATES BUSINESS There has been a great deal of commentary recently on Beijing’s strident refusal to participate in the Philippines’ arbitration case and the almost desperate vehemence with which it is preparing to greet the tribunal’s final judgment. This is not terribly surprising, as most analysts agree that the Philippines will win on a …

  Max Walden SPECIAL TO EMIRATES BUSINESS In late April 1976, a small fishing boat carrying five young Vietnamese refugees sailed into Darwin harbor. Although representing the arrival of Australia’s first “boat people,” the Kein Giang’s landing on Australian shores barely made the newspaper. Boat arrivals during 1976 and 1977 were largely met with similar indifference by the national media …