Word: asianess
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...Osama bin Laden, North Africa's al-Qaeda in Islamic Maghreb (AQIM) militant group has worked hard to align its terror activities and communications with those of its radical parent organization. Topping the list of the techniques AQIM has borrowed from its brothers in the Middle East and South Asia is kidnapping Westerners to net big-money ransoms - or carefully choreographing their executions to shock the world. As the fates of several hostages hang in the balance in Mali and Mauritania, Western governments are grappling with how to deal with the growing problem: should they pony up hefty ransoms time...
Even in China, autocratic state capitalism has an uncertain future. The story of Asia's economic boom tells us that democracies tend to follow wealth. Asians have demanded more political rights with their expanded economic opportunity. That's what happened in Taiwan, South Korea and Indonesia, all dictatorships turned stable democracies. China believes it can build a full-fledged market economy while leaving its politics unchanged. So far it has. But as China gets richer, can its ruling class survive the forces that undermined autocratic regimes elsewhere in Asia...
...same can be asked about the state role in its economy. The evidence from Asia shows that its economies became more market-driven as they became more advanced. That's been true in China as well. Despite all the talk of state capitalism, Beijing's leaders continue to liberalize the economy. In January, a free-trade agreement between China and ASEAN came into full effect, creating a free-trade zone with more potential customers than NAFTA. China's State Council also approved the very capitalist practices of short selling of stocks and futures trading. The big question about China-style...
...Asia's economic strength is not a result of some ancient Chinese secret or a special economic model that Americans must copy to survive. It owes to simple, old-fashioned, free enterprise, the kind Americans love to love. The "democratic capitalism" being questioned in the U.S. is finding new roots in a rising Asia. If Americans want to learn the correct lessons from Asia, they can ironically find them right at home...
...have so far been left behind to get a chance to enjoy them. Similarly, when American politicians change their rhetoric about or policies toward China, we should remember that this is often done with an eye on how this will play in Peoria. (See pictures of President Obama visiting Asia...