Asia and The World

The New Capitalism: Lessons for Asia?

The world is moving away from the textbook edition of capitalism towards a paradigm of which we know very little. Funds are transferred from place to place seamlessly. Stock markets are at record levels and judging by traditional theories, out of line with reality.

Asia's Democracies: Enjoying a free ride?

Sumit Ganguly | 16 May 2020

Democracies may not face the sustained criticism that they deserve when they fail to guarantee the rights of their citizens regardless of ethnic background or religious persuasion. However, they do seem to have some corrective mechanism, which while hardly flawless, nevertheless offer a modicum of hope.

Contested Geometries: Has Multipolarity trumped Multilateralism?

William Tow | 09 May 2020

The signs of a new "great game" encompassing both the Asian land mass and its maritime peripheries are numerous. The United States is moving aggressively to resuscitate its postwar bilateral alliance system in the region into an "axis of democracies". It also illuminates an enduring American tendency to apply the geometry of Realpolitik as its preferred means for realising its other great strategic interest in the region: to prevent a China growing ever stronger from realising uncontested hegemony in the Asia-Pacific.

All this constitutes a highly intricate calculus of material power and diplomatic influence that renders the crude "zero-sum" geometry of expanded alliances for containment of possible threats anachronistic and unproductive. India, Japan and Australia are all too savvy to allow that kind of multipolarity to trump more sophisticated forms of multilateralism, predicated on expanding dialogue and deepening confidence-building.

The Straits of Malacca: Safe Again but whose Responsibility?

Vijay Sakhuja | 02 May 2020

Today however, there is a shift in the way the Straits of Malacca is viewed by the international maritime community. Significantly, as a result of considerable improvement in security, issues of safety of navigation in the straits have taken priority and begun to dominate discussions. 

Currency Regimes in Asia Revisited

Ramkishen Rajan | 25 Apr 2020

The manner in which Singapore operates its exchange rate regime is of international interest at a time when a number of other countries in the region, including China and Malaysia, are gradually introducing greater exchange rate flexibility by adopting currency basket regimes. 

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