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Hard heads must prevail on N Korea
News, Michael Schuman, Published on 27/04/2018
» Hope is again rising on the Korean peninsula. Today, South Korea's President Moon Jae-in and North Korean dictator Kim Jong-un will hold a summit in the Demilitarised Zone that has divided the two states for 65 years. The meeting raises the prospect that this pointless and anachronistic conflict can finally be brought to an end, or at the very least, that the tensions now threatening global security and world financial markets can be reduced.
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South Korea's next leader must focus on growth
News, Michael Schuman, Published on 10/05/2017
» So much attention is being lavished on the nuclear-edged tantrums of Kim Jong-un in North Korea that the presidential election on the southern half of the Korean peninsula has gone practically unnoticed. But the outcome may be nearly as critical for the region's future as the fate of Mr Kim's weapons programme.
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South Korea's president tries to rescue liberalism
News, Michael Schuman, Published on 27/09/2017
» While much of the world's attention is fixated on North Korea and its nuclear ambitions, something with the potential to be equally globe-rattling is taking place, generally unnoticed, in South Korea. There, new President Moon Jae-in is charting an entirely contrary course in economic policy than much of the rest of the developed world. If successful, the experiment could alter how governments tackle the most challenging problems of our day.
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Trump's China trade 'big win' will cost America
News, Michael Schuman, Published on 27/02/2019
» Donald Trump believes he is about to score yet another big win on trade, this time with China. Progress in talks with Beijing, he claims, has been so "substantial" that he's delayed a looming March 1 deadline and is likely headed for a summit with China's President Xi Jinping to finalise a long-awaited settlement.
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Xi's foreign policy requires a Confucian overhaul
News, Michael Schuman, Published on 23/07/2018
» China has suffered a series of diplomatic blows lately. Relations with the US are at a multi-decade low as a trade war escalates, and this month, Malaysia suspended four Chinese-backed projects as its prime minister tries to pull away from Beijing's orbit. From Myanmar to Sri Lanka to Vietnam, China's overseas investments are being met with backlash.
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Show might be over before it begins
News, Michael Schuman, Published on 08/05/2018
» North Korean leader Kim Jong-un has pledged to dismantle his nuclear test site, and supposedly, he's even inviting the international press into his usually off-limits kingdom to witness the extravaganza. The gesture is meant to prove he's serious about eliminating his weapons programme -- and he wants all the world to see it.
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US cannot win a trade war by itself
News, Michael Schuman, Published on 22/03/2018
» As US President Donald Trump prepares a wide-ranging package of tariffs and investment restrictions targeted at China, a trade war between the world's two most important economies looks unavoidable. On the face of it, the US might seem to have the leverage it needs to win. Since it runs a huge trade deficit with China, the Chinese have a lot more to lose.
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Anti-trade policies would make the poor poorer
News, Michael Schuman, Published on 25/01/2017
» Without question, the most exciting economic story of the past half century has been the dramatic, and probably unprecedented, decline in global poverty. In a recent study, the World Bank estimated that in 2015, just over 700 million people remained trapped in desperate poverty, or 9.6% of the world's population. Those sound like big numbers until you compare them to 1990, when nearly two billion people languished in poverty -- a staggering 37% of the global populace. Such progress has raised the real possibility that extreme poverty can be eradicated in the not-too-distant future.
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