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China
Chinese people are becoming richer, and the wealth gap in China is, as expected, growing. The just concluded Spring Festival holiday saw consumption reach about 400 billion yuan ($60.69 billion), with many rich Chinese travelling abroad to enjoy their holiday and, with some of them, buying luxury goods. The CLSA Asia-Pacific Markets has even forecast...
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In the wake of the recent Irish debt crisis, the UK Coalition government decided not to take part in a new rescue fund for troubled eurozone members, suggested by France and Germany. This decision comes in spite of the UK’s pledge to support the EU-IMF rescue efforts for Ireland through a bilateral loan of more...
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Dr. David Carlton, GPI Opinion, January 6, 2011 The present global financial crisis, a slow-motion multiple car crash, has many roots, some arguably going back to the 1990s. But the point at which the certainty of a huge crash seems in retrospect to have deserved to have become discernable to Western policy-makers was in my opinion in...
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In the wake of the global financial crisis a new international order is coming to the fore, writes Chris Luenen. What we are witnessing today are the birth pangs of a world of three regional monetary and trading blocs. The realisation is slowly setting in that once the global crisis has abated, globalisation, as we...
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One of the byproducts of China’s fast economic development over the last 30 years is the growing income disparity between rural and urban residents. It is undeniable that absolute living conditions have improved for almost everyone, with the most notable examples at both ends of the spectrum being the eradication of poverty and the recent...
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As one of the largest economies in the world, China is being asked by the international community to take a more and more active role in world affairs, ranging from contributing to stabilizing the post-financial crisis global economy to cutting greenhouse gas emission. Sometimes, Western approach toward China is contradictory or driven by political agenda....
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After 30 years of economic reform, China appears to have shifted its focus toward social issues such as a more even distribution of income, improving the quality of life for the poorest and enhancing the welfare system. Often social reform and economic development are seen as pursuing opposite goals at the expense of each other....
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The emerging Pacific Asian economies are clearly not immune to the current international financial crisis. All the major economies remain heavily dependent on Foreign Direct Investment (FDI) and export earnings, particularly from the USA. The vulnerability of the Pacific Asia economies is reflected in the behaviour of the regional stock markets, the sharp declines in...
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The title for this essay comes from the fact that contrary to the general Western perception, Pakistan does actually work as a country, not as well as many, but better than some; and that it is in no immediate danger of collapse, except as a result of misguided and reckless US policies. Pakistan is in...
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About the GPI

The Global Policy Institute is a research institute on international affairs. It is based in the City of London, and draws on both a rich pool of international thinkers, academics as well as policy and business professionals. The Institute gives non-partisan guidance to policymakers and decision takers in business, government, and NGOs.

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