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Showing posts for "Development"

The AIIB Debacle: What Washington Should Do Now

by Elizabeth C. Economy
China's Finance Minister Lou Jiwei (L) gives a speech with the guests of the signing ceremony of the Asian Infrastructure Investment Bank at the Great Hall of the People in Beijing October 24, 2014. REUTERS/Takaki Yajima/Pool (CHINA - Tags: BUSINESS) China's Finance Minister Lou Jiwei (L) gives a speech with the guests of the signing ceremony of the Asian Infrastructure Investment Bank at the Great Hall of the People in Beijing on October 24, 2014 (Takaki Yajima/Courtesy of Reuters).

It is time for Washington to take a step back and regroup. Its Asian Infrastructure Investment Bank (AIIB) strategy, ill-considered from the get-go, has now taken a major hit with the announcement this past week by the United Kingdom that it plans to join the Chinese-led AIIB. Washington’s concerns over the AIIB are well-established: the competition the AIIB poses to pre-existing development institutions such as the World Bank and Asian Development Bank; concern over the potential for weak environmental standards and social safeguards within the AIIB; and the opportunity for China to use AIIB-financed infrastructure for greater leverage in the region. Read more »

Artemisinin’s Rocky Road to Globalization: Part III

by Yanzhong Huang
A Ministry of Public Health official holds blood test slides taken from children, who live in the Thai-Myanmar border, at a malaria clinic in the Sai Yoke district, Kanchanaburi Province October 26, 2012. Globally, 3.3 billion people are at risk of malaria infection. While Africa has the highest malaria burden, most the 46,000 deaths outside Africa occurred in Asia Pacific. There are also concerns over a growing parasite resistance. Studies and research show artemisinin-based therapies - currently the most effective treatment against malaria - are taking longer to cure some of the patients. (Sukree Sukplang/Courtesy: Reuters) A Ministry of Public Health official holds blood test slides taken from children, who live in the Thai-Myanmar border, at a malaria clinic in the Sai Yoke district, Kanchanaburi Province October 26, 2012. Globally, 3.3 billion people are at risk of malaria infection. While Africa has the highest malaria burden, most the 46,000 deaths outside Africa occurred in Asia Pacific. There are also concerns over a growing parasite resistance. Studies and research show artemisinin-based therapies - currently the most effective treatment against malaria - are taking longer to cure some of the patients. (Sukree Sukplang/Courtesy: Reuters)

In the previous blog post, I discussed how China’s efforts to promote its artemisinin-based drugs in the global market have ended up placing their pharmaceutical firms at the lower end of the supply chain. Not all Chinese pharmaceutical companies were content with this arrangement. In 1994, Beijing Holley-Cotec became the first Chinese manufacturer to export dihydroartemisinin (“Cotecxin”), one of the artemisinin derivatives that the company developed with an original Chinese brand. Read more »

Some Goals for Timor-Leste’s New Prime Minister

by Joshua Kurlantzick
east timor-Rui-Maria-Araujo East Timor's new Prime Minister Rui Maria Araujo smiles at his inauguration ceremony at the President's office in Dili on February 16, 2015. (Lirio Da Fonseca/Courtesy: Reuters)

In February, Xanana Gusmao, Timor-Leste’s prime minister and by far its leading national figure, stepped down. In a decision that would be unthinkable in many countries, he gave way to allow a member of the opposition party, Rui Araujo, to be his successor as prime minister. The new prime minister is from a different generation of Timorese—he is two decades younger than the former guerilla fighter. What’s more, Rui Araujo has won respect from members of all Timorese parties for his previous work as health minister and as a senior advisor to Timor’s Finance Ministry. Read more »

Japan’s Infra Bet on India Shows U.S. Constraints

by Alyssa Ayres
Indian prime minister Narendra Modi (front L) shakes hands with Japanese prime minister Shinzo Abe during a signing ceremony at the state guest house in Tokyo on September 1, 2014 (Courtesy: Reuters). Indian prime minister Narendra Modi (front L) shakes hands with Japanese prime minister Shinzo Abe during a signing ceremony at the state guest house in Tokyo on September 1, 2014 (Courtesy: Reuters).

Indian prime minister Narendra Modi’s five-day visit to Japan was a resounding success. Both the Indian and Japanese press have lauded the visit and its accomplishments—notably, the elevation of the India-Japan relationship to a “special” strategic and global partnership, and the big-ticket investments in Indian infrastructure announced to the tune of U.S. $35 billion in assistance over five years. From a Washington perspective, the India-Japan relationship is a positive development and one that the United States has fully supported. What the visit also shows, however, is the way the state-directed economic policy tools countries like Japan (and China as well) are mobilizing to further their relations with India substantially exceed comparable U.S. approaches. Read more »

Dickey and Tobias: What to Expect From Xi Jinping’s Latin America Trip

by Guest Blogger for Adam Segal
Giant panda Ying Mei approaches a box of food with the Brazilian flag on it during an event called "Panda Predicts World Cup Results," ahead of the 2014 World Cup opening match between Brazil and Croatia, in Yangzhou, Jiangsu province on June 12, 2014 (China Daily/Courtesy: Reuters). Giant panda Ying Mei approaches a box of food with the Brazilian flag on it during an event called "Panda Predicts World Cup Results," ahead of the 2014 World Cup opening match between Brazil and Croatia, in Yangzhou, Jiangsu province on June 12, 2014 (China Daily/Courtesy: Reuters).

Lauren Dickey is a research associate for U.S. foreign policy and Sharone Tobias is a research associate for Asia Studies at the Council on Foreign Relations.

Chinese president Xi Jinping began his week-long visit to Latin America today on the heels of a number of major events. Brazil is central in the minds of many as the World Cup wraps up and Rio de Janeiro prepares to host the Olympics, initially darkened by protests. Argentina is facing a new unhappy chapter in its battle against debt. China’s ideological allies, Cuba and Venezuela, remain prone to domestic instability amid economic reform. Read more »

Drip, Drip, Drip: The Impact of Thailand’s Political Chaos on the Thai Economy (and the World)

by Joshua Kurlantzick
An anti-government protester walks down an empty road during a rally near the Government Complex in Bangkok on January 24, 2014. (Chaiwat Subprasom/Courtesy Reuters) An anti-government protester walks down an empty road during a rally near the Government Complex in Bangkok on January 24, 2014. (Chaiwat Subprasom/Courtesy Reuters)

For months now, even as Thailand’s political crisis has escalated from street protests into daily violence, the disintegration of state institutions, and the threat of a coup, most Thai businesspeople, foreign investors, and analysts of the Thai economy have maintained a relatively positive outlook for the Thai economy this year and next. After all, as several long-time investors in Thailand have told me, the country’s economy has over decades proven extraordinarily resilient, surviving nineteen coups and attempted coups, natural disasters, the Indochina wars, and many Bangkok street protests that ended in bloodshed. Read more »

No Winners in Bangladesh

by Alyssa Ayres
People look at burnt textbooks after a primary school which was supposed to be used as a polling booth was set on fire, in Feni January 4, 2014 (Courtesy Reuters). People look at burnt textbooks after a primary school which was supposed to be used as a polling booth was set on fire, in Feni. Nearly 60 polling stations in Bangladesh were set on fire and three people were killed on the eve of Sunday's election January 4, 2014 (Courtesy Reuters).

I’ve been an optimist about Bangladesh for some time now—its national development miracle, amazing social entrepreneurs, strong civil society and women-led microfinance, 160 million-strong brand of moderate Islam, and consistent economic growth. Just a few years ago Goldman Sachs put this hardworking, against-all-odds country on their list of Asia’s “Next 11” ready for takeoff. But after Sunday’s election—and I write this with a heavy heart—I’m deeply worried. Read more »

When Protests Halt Progress

by Alyssa Ayres
Smoke rises as a bus burns on a street after a nationwide strike was called, in Dhaka November 9, 2013 (Mahmud Opu/Courtesy Reuters). Smoke rises as a bus burns on a street after a nationwide strike was called, in Dhaka November 9, 2013 (Mahmud Opu/Courtesy Reuters).

If I were to describe a country that has achieved around 6 percent economic growth for much of the last decade, has the eighth largest population in the world, has delivered maternal and child health improvements on a scale comparable to the great Meiji restoration of 19th century Japan, is the world’s second largest exporter of ready-made garments after only China, and has achieved a 94 percent infant immunization rate, what place would come to mind? As much as it pains me to write this, I don’t believe the average Western reader would blurt out “Bangladesh, of course” after hearing that roster of accomplishments, as true as they are. Read more »

Myanmar on the Edge

by Joshua Kurlantzick
A Muslim man searches for his belongings left behind of his burnt home at Thapyuchai village, outside of Thandwe in the Rakhine state, on October 2, 2013. (Soe Zeya Tun/Courtesy Reuters) A Muslim man searches for his belongings left behind of his burnt home at Thapyuchai village, outside of Thandwe in the Rakhine state, on October 2, 2013. (Soe Zeya Tun/Courtesy Reuters)

Over the past two weeks, Myanmar authorities reportedly have arrested several men from Arakan/Rakhine State, claiming that they were planning to bomb mosques across the country. The reported plot, which comes on the heels of other bombings in October, highlights a serious problem.  Myanmar now faces growing insecurity and rising disappointment among citizens that reform has not brought higher standards of living. Interethnic and interreligious unrest now threaten to halt reforms altogether, depress much-needed investment, and even lead to broader regional tensions. Read more »

Nepal: Back on the Political Track

by Alyssa Ayres
A woman holds a ballot paper during the election campaign of Nepali Congress Party in Kathmandu November 15, 2013 A woman holds a ballot paper during the election campaign of Nepali Congress Party in Kathmandu November 15, 2013 (Navesh Chitrakar/Courtesy Reuters).

There have been a lot of elections in South Asia in recent days. On November 16 a run-off election produced a surprise result in Maldives, where Abdulla Yameen—the half-brother of former President Gayoom—narrowly succeeded over Mohamed Nasheed, who had led the previous two first-round elections. The Indian state of Chhattisgarh (the size of a small country, with about 25 million people) had its first phase of state-level polls on November 11. And on Tuesday, November 19, there will be two elections underway in the region—the second phase in India’s Chhattisgarh, as well as the long-overdue national Constituent Assembly elections in Nepal. Read more »