As I write this, Japan is once again in a funk. The yen has come ever so close to its post-WW2 high of JPY79.70/US$ seen in 1995, the Nikkei has touched 16-month lows, and now, the governing Democratic Party of Japan (DPJ) has become embroiled in an internal power struggle between Prime Minister Naoto Kan [Read more...]

US President Barack Obama’s formal declaration of the end of US combat operations in Iraq on August 31 is a good a moment as any to reflect on the war, the United States’ global position, and Obama himself.

Iraq War: Have The Goals Been Achieved?

First, let me address the Iraq War itself. There were several publicly [Read more...]

For some years now, social scientists and some economic historians have spoken about how cities are displacing nation-states as the most important actors on the world stage. The latest edition of Foreign Policy magazine carries an article along these lines, with the tag ‘The age of nations is over. The new urban age has begun’. [Read more...]

At long last, the Iraq War appears to be over.

The US has been winding down its troop presence in Iraq for many months now, and will have reduced this to 50,000 by the end of August from a peak of 170,000 at the height of the ‘surge’ against the insurgency there in 2007. Under a [Read more...]

On Friday, August 6, Business Monitor International’s Head of Research Terry Alexander guest hosted Closing Bell Europe. Key points of discussion included the latest Eurozone GDP releases and asset class strategies amid a rallying bond market.

Tensions have been rising in the South China Sea of late, and these are threatening to put strains on China’s relations with South East Asia and the US.
Essentially, China has reiterated its long-standing claims over the whole of the South China Sea, including the Spratly and Paracel islands. Unsurprisingly, this sovereignty assertion is disputed by [Read more...]

Corruption is a major problem for most emerging markets, and in truth, quite a few developed states. Time and time again in BMI’s analysis on emerging markets, my colleagues and I have written on how governments need to crack down on corruption, if they want to attract greater foreign investment and prosper. However, this is [Read more...]