Corruption has long been a prominent problem in the Asia-Pacific, but many countries have seemingly lacked the will to combat it. Until measures are enacted to increase transparency and accountability in governance, corruption will continue to gnaw away at economic gains.
China’s growing appetite for seafood has led to fundamental changes in the global fishing industry, with ramifications for regional security. With every step it takes in fishing policy, the Chinese government must balance its need for food security with environmental and diplomatic concerns.
Southeast Asians have dwindling confidence in traditional journalism. As a result, social media platforms such as Facebook and WhatsApp have become the main source of information for voters. A combination of wider access to the internet and declining trust in longstanding news sources is changing the dynamics of democracy across the region.
The fashion industry's supply chain no longer meets the expectations of society and business stakeholders. More digitalization promises to bring more efficiency and transparency. But fashion factories must also foster an open culture that encourages learning and that engages workers in the process.
Corporate social responsibility (CSR) has been a popular topic, and many countries have provided incentives for corporations to contribute more to the public good. China has joined such efforts as part of its campaign to achieve sustainable growth. But more coherent incentives are needed to encourage Chinese businesses to join the party.
Wealth in Asia is growing rapidly, but philanthropy has not kept pace. Governments should improve regulation and change tax and fiscal policies to make it easier for Asians and corporations to give in a systematic way. They should also ensure donations can efficiently reach organizations working to meet society’s needs.
China’s Belt and Road Initiative seems to focus on connections with Africa, Central Asia, and Eastern Europe. But the country’s economic future is really in “netware” technology, similar to America’s. Contrary to how BRI is viewed and talked about now, China’s more profitable path actually points, as illuminated by the likes of Alibaba and Tencent, eastward to California.
Spearheaded by India and Japan, the Asia-Africa Growth Corridor aims to improve intercontinental connectivity. But, as of now, this competing plan to China’s Belt and Road Initiative is only a proposition. To make it a reality, India and Japan must enlist the EU.
Mired in demographic crises, East Asia is looking to new reproductive technologies as a solution. But its restrictive, reluctant embrace of these technologies runs counter to evolving social attitudes.
Businesses also incur massive human and economic costs during natural disasters. They can reduce these costs by diversifying geographically and technologically.
Globalization is not just dominated by big brands. Low-cost knock-offs of popular items such as mobile phones also cross the globe, often from China to the rest of the world. Although it operates below the radar, this trade powers growth.
Nearly 10% of stock market investors trade as if they are gambling. This leads to more trades and more money on the market, but yields much lower returns for the investors. We should acknowledge this behavior and boost financial education and risk assessment, rather than assuming that investors are perfectly rational.
China’s development model has brought great economic success but also serious social and environmental problems. Can Xi Jinping’s major governance changes make the Chinese model more sustainable?
China has launched its "social credit system," hoping to increase social trust. But when value is calculated by opaque algorithms using vast amounts of personal data, what will happen to China, and indeed, what might it mean for the world?
As each ASEAN country has its own position on China and the Quad, Southeast Asia risks being torn between great powers.
In Myanmar, Buddhist nationalist groups have used Facebook to swamp public opinion with anti-Muslim speech. As elected representatives are pressed to follow these extreme views, Myanmar is showing the world how unreined social media can hurt democracy.
Technology is transforming epidemiology. However, algorithms, satellites, and drones offer no easy solution. Ethical and political issues need to be considered to ensure that everyone reaps the benefits of these new technologies.
False information sways elections, and social media makes it worse. So governments are rushing through laws to block “fake news.” But in Southeast Asia, these laws will do more harm to elections than fake news.
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