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  • Microfinance : Myths and reality

    , by SABAI Danielle

    For about fifteen years, microfinance has been touted as an essential means of emerging from poverty by international institutions like the World Bank (WB) and the International Monetary Fund (IMF). According to Muhammad Yunus, the pioneer of microcredit, and winner of the Nobel Peace Prize in (...)

  • The China Trade-off

    , by ROUGHNEEN Simon

    The China-Asean free trade deal is a milestone as Southeast Asian nations test the waters of economic competitiveness
    Almost one-third of the world’s population is covered in the China-Asean Free Trade Area (CAFTA), which came into being on Jan. 1. However, CAFTA is only the third largest (...)

  • The China-Asean Free Trade Area: Propaganda and Reality

    , by BELLO Walden

    ON JAN. 1, 2010, the China-Asean Free Trade Area (Cafta) went into effect. Touted as the world’s biggest Free Trade Area, CAFTA is billed as having 1.7 million consumers, with a combined gross domestic product of $ 2 trillion and total trade of $ 1.3 trillion.
    Under the agreement, trade between (...)

  • ASEAN Trade Vision Facilitates Exploiting Its Workers?

    , by Siriluk SRIPRASIT

    The ASEAN charter was adopted at the 14th ASEAN Summit in November 2007 and eventually came into force in December 2008. One of ASEAN’s crucial visions is creating a single free trade area by 2015, but there are doubts that it will be implemented or achieved. ASEAN’s objective, which is also (...)

  • Asia: The Coming Fury

    , by BELLO Walden

    As goods pile up in wharves from Bangkok to Shanghai, and workers are laid off in record numbers, people in East Asia are beginning to realize they aren’t only experiencing an economic downturn but living through the end of an era.
    For over 40 years now, the cutting edge of the region’s economy (...)

  • East Asia - The end of an era

    , by BELLO Walden

    MANILA, Jan (IPS) As the US recession drags Asia down, there has been much speculation about a regional response to the crisis. Seemingly lending substance to this have been a trilateral summit of the leaders of China, Japan, and South Korea last December and a flurry of bilateral talks between (...)

  • The Wall Street Meltdown: the View from Asia

    , by BELLO Walden

    For many, the Wall Street crisis is a replay, though on a much larger scale, of the 1997 Asian financial crisis, which brought down the red-hot “tiger economies” of the East. The shocking absence of Wall Street regulation brings back awful memories of the elimination of capital controls by East (...)

  • Islamic Finance in Asia

    , by BOWRING Philip

    A growing river of money seeks investment consistent with Islamic religious principles.
    Three races are now underway on the topic of Islamic Finance and Asia.
    *Firstly, there is a race among financial markets to get their share of a fast-growing (15 percent or more a year) business. (...)

  • All Fall Down: Ten Tears After the Asian Financial Crisis

    , by BELLO Walden

    In July 1997, massive capital flight from Thailand precipitated what is now known as the Asian financial crisis. Focus on the Global South was in the thick of the crisis, looking at the impacts first hand from our base in Thailand and analysing the political and economic fallout from every (...)

  • A framework of barriers

    , by SULERI Abid Qaiyum

    Once again political differences between Pakistan and India have rendered SAFTA meaningless.
    The hopes from SAFTA (South Asia Free Trade Agreement) were never too high as far as the trade liberalisation between Pakistan and India was concerned. It was a common perception that political (...)

  • Crisis in the Asia-Pacific

    , by BOYLE Peter

    This paper was presented to the Asia Pacific Solidarity Conference in Sydney, Australia April 10-13, 1998 by Peter Boyle from the Democratic Socialist Party of Australia.
    While the full extent of the unfolding Asian economic crisis is yet to be felt, its shock waves have already had a serious (...)