Articles by Yu Kun-ha
Yu Kun-ha
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[Mohamed A. El-Erian] Germany’s neighborhood watch
FRANKFURT ― On a recent trip to Germany, I was struck by two distinct narratives. One narrative features a robust German economy with low unemployment, strong finances, and the right competitive position to exploit the most dynamic segments of global demand. The other narrative describes an economy that is encumbered by never-ending European debt crises whose perpetrators seek to shift their responsibility ― and their financing needs ― onto Germany’s pristine balance sheet.Both narratives are un
Viewpoints May 7, 2012
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Islamists evolving in Middle Eastern politics
Islamist politics in the Middle East cracked wide open with the Arab Awakening: Islamists have emerged on top in Tunisia, Libya, Iraq and Egypt. Western publics, lulled by the sight of iPhones and other social media at work, assumed that the demonstrations, rebellions and regime changes were all driven by Muslim wannabe Westerners and that Islamist politics were relics of the past.But when dictators started to fall, it shouldn’t have been any surprise that Islamists quickly came out on top. This
Viewpoints May 7, 2012
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Mutual defense of the sea is not cross-strait military cooperation
Lai Shing-yuan, chairwoman of the Mainland Affairs Council (MAC), was asked a couple of days ago at the Legislative Yuan if Taiwan would cooperate with the People’s Republic of China in the defense of the small archipelagoes in the South China Sea. She said Taiwan would never do so, perhaps to please the Philippines, Vietnam and probably the United States as well. These countries are very concerned about Taiwan ganging up with China to fight another mini-war over the island groups known to be su
Viewpoints May 7, 2012
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[Brahma Chellaney] The resistible rise of Asia still far from certain
NEW DELHI ― A favorite theme in international debate nowadays is whether Asia’s rise signifies the West’s decline. But the current focus on economic malaise in Europe and the United States is distracting attention from the many serious challenges that call into question Asia’s continued success.To be sure, today’s ongoing global power shifts are primarily linked to Asia’s phenomenal economic rise, the speed and scale of which have no parallel in world history. With the world’s fastest-growing ec
Viewpoints May 7, 2012
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The Resistible Rise of Asia?
A favorite theme in international debate nowadays is whether Asia’s rise signifies the West’s decline. But the current focus on economic malaise in Europe and the United States is distracting attention from the many serious challenges that call into question Asia’s continued success.To be sure, today’s ongoing global power shifts are primarily linked to Asia’s phenomenal economic rise, the speed and scale of which have no parallel in world history. With the world’s fastest-growing economies, fas
Viewpoints May 7, 2012
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Syrian collapse may create fertile ground for anarchy
TEL AVIV ― The failure of the Obama administration, its Western allies, and several Middle East regional powers to take bolder action to stop the carnage in Syria is often explained by their fear of anarchy. Given the Syrian opposition’s manifest ineffectiveness and disunity, so the argument goes, President Bashar al-Assad’s fall, when it finally comes, will incite civil war, massacres, and chaos, which is likely to spill over Syria’s borders, further destabilizing weak neighbors like Iraq and L
Viewpoints May 6, 2012
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[Robert B. Reich] Why EU double dip could spread to U.S.
Europe is in recession. Portugal, Italy and Greece are basket cases. The British and Spanish economies have contracted for the last two quarters. It seems highly likely that France and Germany are in a double dip as well.Why should we care? Because a recession in the world’s third-largest economy (Europe) combined with the current slowdown in the world’s second-largest (China), spells trouble for the world’s largest (that’s still us).Remember, it’s a global economy. Money moves across borders at
Viewpoints May 6, 2012
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Merkel cast in role of austerity goddess
Three decades ago, U.K. Prime Minister Margaret Thatcher was confronted with a nation bordering on irrelevance, a stagnant economy and a set of entrenched beliefs about the relationship between government and the people. Thatcher faced down striking coal miners and forced through a series of free-market reforms that unshackled Britain’s economy and made it vibrant once again. To the chorus of accusations that she was killing the economy, she replied: “There is no alternative.” She was right. Sho
Viewpoints May 6, 2012
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Torture didn’t lead U.S. to bin Laden
The one-year anniversary of the killing of Osama bin Laden has reignited public debate over the effectiveness of harsh interrogation techniques in U.S. antiterrorism efforts.The discussion is welcomed by an ex-CIA official who has published a book defending controversial interrogation techniques such as simulated drowning, also known as water boarding, as needed to save American lives.That might have been the case when fictional spy Jack Bauer would save the day on the old TV series 24, but top
Viewpoints May 6, 2012
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The myth of the princelings in China
BEIJING ― The Bo Xilai saga of power, wealth, corruption and murder has brought the issue of China’s princelings (offspring of the Communist Party’s former and current senior leaders) to the front and center of the international discourse on contemporary China. Three underlying assumptions about the princelings drive the noisy speculations about Chinese politics by many mainstream commentators: The princelings form a powerful interest group, akin to a political aristocracy, that exerts decisive
Viewpoints May 6, 2012
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[Naomi Wolf] Keyboard cops in America
NEW YORK ― Almost no one had read the Cyber Intelligence Sharing and Protection Act (CISPA) before it was rushed through the United States House of Representatives in late April and sent to the Senate. CISPA is the successor to SOPA, the “anti-piracy” bill that was recently defeated after an outcry from citizens and Internet companies. SOPA, framed by its proponents in terms of protecting America’s entertainment industry from theft, would have shackled content providers and users, and spawned co
Viewpoints May 6, 2012
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Europe must rethink its tough-love policy
Spain is the crucial front in Europe’s battle to contain its economic crisis, and the fight is going badly. Spain’s economy is in a tailspin. Some forecasters say the unemployment rate, already a punishingly high 24.4 percent, could reach 30 percent. The government’s credit rating has just been downgraded, and its cost of borrowing ― close to 6 percent ― is putting its solvency in question. Investors are watching the country’s banks with mounting concern. Europe’s leaders cannot blame Madrid. Ma
Viewpoints May 4, 2012
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[Shlomo Ben Ami] Muslims find hope in Europe
MADRID ― Mohamed Merah’s killing spree in and around Toulouse in March, like the 2004 Madrid train bombings and the 2005 suicide attacks in London’s Underground, has highlighted once again the dilemmas that Europe faces with regard to its growing Muslim minority. No social-integration model has proven to be free of flaws. But is the picture really so bleak as those who despair of an emerging “Eurabia” would have us believe?Neither the multicultural ethos (respect for “cultural diversity in an at
Viewpoints May 4, 2012
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Modest steps at the IMF
The biannual meetings of the world’s leading financial institutions, the International Monetary Fund and the World Bank, are generally pretty staid affairs ― after all, how riled up can gatherings of central bankers and finance officials really get? In recent years, the answer is “pretty much.”Then again, a global financial crisis that refuses to go away, overlaid with (and compounded by) complaints about how the global financial architecture is run, makes for a combustible mix.At last month’s m
Viewpoints May 4, 2012
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Taint on celebrities’ gloss
The influence of celebrities is an asset they can exploit, but they should be careful that their endorsements do not backfire and damage their image. The appeal of celebrities is an invaluable resource for brand publicity. When they recommend and praise certain products, audiences unconsciously link their reputation and personalities with the products, as if the quality and effectiveness of the products are naturally guaranteed. But appearing in advertisements is a double-edged sword for celebri
Viewpoints May 4, 2012
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