Word: asia
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...same token, let's not put all the blame on the PIIGS. The writing on the wall is Greek, but the message holds for much of Europe. There is too much deficit-spending and too little microeconomic reform throughout the continent, which is why the U.S. and Asia, both more flexible, will emerge more quickly from the Great Recession. In Brussels, Merkel grabbed leadership by insisting, "No, we won't!" Now, if she would only pull it off at home by prodding her resistant electorate toward long-overdue economic reform, with the cry of, "Yes, we should!" Alas...
...Asia matters for America. After Canada and Mexico, China is the third biggest consumer of American goods, followed by the Association of Southeast Asian Nations (ASEAN), the 10-country bloc that under U.S. prodding was founded in the 1960s as a bulwark against communism. The global recovery from the Great Recession has been led by China, India and Indonesia. Asia would like to see its efforts appreciated...
Obama has spoken about Asia's significance. "I want every American to know that we have a stake in the future of this region," he said in Tokyo last November, "because what happens here has a direct effect on our lives at home." But since then the Obama Administration has failed to do much to advance the free-trade agreements that Asia seeks. "We do hope that [Obama's Asia visit] will not be like Santa Claus coming and just giving a few gifts and flying away," says Thailand's Deputy Commerce Minister Alongkorn Ponlaboot, "because what we need from...
Obama's trip will offer a challenge to the new top dog in Asia. China is now a larger trading partner of both Japan and ASEAN than the U.S. is, and the pace of U.S. investment in Southeast Asia has slowed in recent years. "If we are closer to China now, it is only because the U.S. has neglected us," says Kavi Chongkittavorn, a columnist for the Nation, a Thai newspaper. The rivals for the region's affections are not getting along. In recent weeks, China has attacked Obama for approving arms sales to Taiwan and meeting with the Dalai...
...This is a new and interesting twist in a long, bizarre and extremely worrying saga," says Phelim Kine, an Asia researcher with New York City-based Human Rights Watch. Gao says he is now living on Wutai Mountain, the site of several dozen monasteries in China's central Shanxi province. But little more is known about whether he remains under some sort of detention or house arrest. "I talked to him on the phone for about two or three minutes," says Li Fangping, a lawyer in Beijing. "He wanted to hang up when we only talked...