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But even if Asia manages to keep its own rice bowl full, high prices and shortages may still filter down to the world's poorest countries. To put the problem in perspective, the Philippines, which faces the most acute rice shortage in Asia, imports just 15% of its rice; many...
Lee, however, has placed these costly projects on hold. He says he expects the North's cooperation on issues important to Seoul, such as holding reunions of families that have been separated since the end of the Korean War. Perhaps more importantly, Lee is making greater economic ties contingent on...
North Korea has responded to Lee by getting personal. A recent editorial in the Rodong Sinmun, a North Korean newspaper, called him a "political charlatan" and "a pro-U.S. stooge," and warned of "catastrophic consequences" due to his new policies. "The North Koreans are asking how hard they have...
Sources: University of Michigan Institute for Social Research (2); International Herald Tribune (2); Financial Times (2); BBC; Reuters
Leaders like President Hu Jintao are of a generation that received a Soviet-style education in the 1950s. "They don't have the knowledge or imagination to make better decisions," Link says. They operate under a system of collective decision-making that constrains the state's ability to be flexible...