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OPINION

US-China rift is an awfully messy affair

News, Michael Schuman, Published on 13/08/2018

» A financial adviser I know, Frank Astorino, says nothing destroys wealth like divorce. That's a warning China and the US should keep in mind as they intensify their trade war.

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OPINION

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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OPINION

Trump and Xi could well break the global system

News, Michael Schuman, Published on 07/04/2017

» The world's two most powerful leaders appear to come from different planets. Real estate billionaire Donald Trump craves media attention, loves golf and governs through Twitter. Communist Party boss Xi Jinping evades the public, shutters golf courses and bans Twitter. Sure, at their first meeting at Mr Trump's Florida club this week, the two men may discover some mutual interests -- say, a shared contempt for The New York Times. But they seem unlikely to hit it off.

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OPINION

Zombie firms threaten Asia's future

News, Michael Schuman, Published on 04/04/2017

» Any horror aficionado knows that the only good zombie is a dead zombie. Don't risk trying to bring one back to life. It'll just come back to bite you.

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OPINION

Protests point to more than scandal

News, Michael Schuman, Published on 02/12/2016

» The first big story I covered as a young correspondent in South Korea was a corruption scandal. Two former presidents were found guilty of, among other things, amassing fortunes with payoffs from the country's major business groups, called chaebol. That was 1996.

OPINION

Is Japan simply too scared of becoming a success?

News, Michael Schuman, Published on 02/11/2016

» Of all of the scary economic data that routinely streams out of Japan, this statistic should terrify you: $800 million (about 28 billion baht). That's the total value of venture capital deals completed in Japan in 2015, according to accounting firm Ernst & Young. Compare that to $72 billion in the US and $49 billion in China. Even tiny Israel managed $2.6 billion in deals.