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    Emerging Markets Have Caught a “Fed Cold”

    Stock prices and exchange rates in emerging markets such as India and Indonesia are taking a beating this week. The immediate cause is that the Federal Reserve just might reduce the gigantic amount of stimulus it’s been applying to the world economy. What’s really on display is the failure of … More

    Indo–Pakistani Cease-Fire No More

    Indo–Pakistani skirmishing along the Line of Control (LoC) that divides Kashmir has escalated in the past 10 days and threatens to destroy a decade-old cease-fire between the regional rivals. A series of incidents along the LoC, including the ambush and killing of five Indian soldiers last week and the killing … More

    India On Path to Property Rights

    The right to own property is a given in much of the world. Although Indian citizens can own property, that right is limited and legally tenuous. In fact, the vast majority of the land is owned by the state. Barun Mitra of the Liberty Institute in India is doing everything … More

    China Escalating Territorial Disputes with Neighbors

    Amidst all the regional concerns about North Korea, the Senkaku dispute between China and Japan has continued to fester. This past week, the situation has escalated, with the Chinese Foreign Ministry specifically stating that the Senkakus are a “core interest.” General Martin Dempsey, Chairman of the U.S. Joint Chiefs of … More

    Tensions Grow Between China and India

    Even as tensions remain high around the disputed Senkaku islands, China appears to be asserting its sovereignty elsewhere along its periphery. Indian officials have accused China of a deep incursion into the disputed Jammu and Kashmir region, with Chinese forces reportedly 10 kilometers inside Indian territory. While there have been … More

    Asia’s Persistent Drug Problem Could Hit Home

    Drug wars have plagued Asia for decades, and the drug problem continues to stem the tide of economic growth and development in the region. A recent study released by the United Nations noted that Afghanistan, the number one opium producer in the world, may soon be producing over 90 percent … More

    World Recoils from Boston Marathon Bombing

    The world has reacted to the Boston marathon bombings with horror and compassion, much as it did to the terrorist attacks on September 11, 2001. This reaction reflects normal human emotions when confronted with acts of such evil, and Bostonians will appreciate the common humanity expressed by so many the … More

    U.N. General Assembly Adopts the Arms Trade Treaty

    This morning, by a vote of 154 nations in favor (including the United States), 23 abstentions, and three against (Syria, North Korea, and Iran), the U.N. General Assembly adopted the Arms Trade Treaty (ATT). The treaty will be open for national signature on June 3, 2013, and will enter into … More

    India Stays on Path to Economic Failure

    Thursday was a really bad day for the Indian economy. Gross domestic product (GDP) growth for the October–December quarter came in at 4.5 percent, continuing to weaken. Worse, the central government budget for the next fiscal year leaves India on the same, failing course it’s been on of undisciplined spending … More

    India Property Rights: Not a New Problem

    For the past few weeks, India’s internal turmoil has been on display via news headlines on rape, widespread poverty, and continued civil conflict. Foreign Affairs recently published an article exploring one of the root causes of India’s widespread poverty and a perpetrator of its social challenges: landlessness. The article explains … More