Opinion

The Social Cost Of COVID-19

In 1960, the Nobel laureate economist Ronald H Coase introduced the “problem of social cost”: human activities often have negative externalities, so individual rights cannot be absolute. Institutions must intervene. There is no better example of this dynamic than the COVID-19 crisis.

3 September 2020
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The Four Paths Of US-China Relations

There is no bilateral diplomatic relationship more consequential than the one between the US and China, which affects not only the two countries but all of humanity. And now, the future of this relationship hinges on who will lead each country in the years ahead.

2 September 2020
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The Japan Shinzo Abe Has Left Behind

Shinzo Abe’s sudden resignation (on health grounds) ends the tenure of Japan’s longest-serving prime minister. The country’s most internationally recognised statesman since 1945, Abe has been, among other things, the world leader most keen on playing golf with United States (US) President Donald Trump. Though he leaves with a still-weak economy, Abe has made Japan stronger and more autonomous in matters of defense and foreign policy.

1 September 2020
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US, China Virus Aid: Who Gives More To SEA?

Earlier this year, Beijing’s ‘mask diplomacy’ gained traction for its suspected geopolitical intentions as the rest of the world was making do with a dwindling supply of face masks and Personal Protective Equipment (PPEs).

31 August 2020
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Epidemics, Economics, And Externalities

COVID-19 and its collateral damage continue to leave a trail of devastation around the world. Millions of businesses have closed, with many having no realistic prospect of reopening. Millions of people have lost their jobs. Millions are without health care. Some families are suffering from food insecurity for the first time.

31 August 2020
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Can “Rev-Gov” Heal All In The Philippines?

In his weekly address to the nation on 25 August, 2020, President Rodrigo Duterte said that he has no plans in forming a “revolutionary government” or “Rev-Gov”, and is not in whatsoever way connected to the call of one of those groups that support him for a “revolutionary government”, contrary to what his political detractors are claiming.

30 August 2020
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New Cooperation Between EU And ASEAN

The European Union’s (EU) representative to ASEAN has recently announced three new development cooperation projects with the 10-nation bloc to support sustainable urbanisation, forest management and government accountability.The projects, which have a combined value of €13 million (US$15.4 million), are part of a wider development program worth €250 million (US$297.6 million) for the 2014-2020 period.

29 August 2020
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The COVID Comorbidity Crisis

Growing evidence shows that COVID-19 survivors can suffer from long-term health effects, not least heart-related complications. New research published in the Journal of the American Medical Association (JAMA) shows that many people who recover from the virus have heart inflammation (myocarditis). Of 100 survivors in the study, 78 had evidence of previous heart inflammation, and 60 showed ongoing inflammation at the time of observation. This medical complication should worry us all.

28 August 2020
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Saving Liberal Democracy

I belong to a fortunate generation. Born in the United Kingdom (UK) in 1944, toward the end of a world war that killed between 70 million and 85 million people, I have neither been bombed nor had to fight on any battlefields. I grew up in a country and continent that were at peace and thus able to enjoy the economic benefits of unprecedented cross-border cooperation.

27 August 2020
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Food Safety In The Time Of COVID-19

Recently an operator of a restaurant in Kedah, a state in northwest Malaysia, who flouted the mandatory home quarantine rule after returning from India tested positive for COVID-19 on 28 July – resulting in the infamous Sivaganga cluster, involving his restaurant employees and patrons.

26 August 2020
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China’s Digital Currency Will Rise But Not Rule

A few years ago, China’s currency seemed to be rising inexorably to global dominance. The renminbi had become the fifth most important currency for international payments, and in 2016, the International Monetary Fund (IMF) included it in the basket of major currencies that determines the value of Special Drawing Rights (the IMF’s global reserve asset). Since then, however, the renminbi’s progress has stalled.

26 August 2020
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The End Of Western Dominance?

The confrontation between China and the West is escalating almost daily. The conflict is about technology, trade, global market share, and supply chains, but also about fundamental values. Underpinning this economic and ideological competition is the goal of global predominance in the 21st century. But why is the current escalation happening now? It is not as though the West suddenly had some epiphany about the implications of China’s rise.

25 August 2020
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