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I recently made my first visit to Vietnam and spent several days in Ho Chi Minh City. Considered by the investment community to be a frontier market, Vietnam has a low per capita income (approximately US$1,600), a relatively young population and less mature capital markets.
Just the other week I was in Hong Kong, which is an easy place to be in many regards. It's efficient, lively and not at all bureaucratic. It is where I married my wife years ago, even though she is not from there and we were both living in South Korea at the time.
As humanitarian organizations scrambled to send relief to the Philippines this week following the country's battering by Typhoon Haiyan, foreign governments prepared to support the rebuilding and economists looked to assess the tragedy's near-term impact.
If you are a wealthy person living in Asia, you might be tempted, with good economic reason, to look overseas to diversify your asset base.
Corporate governance practices in South Korea's family-controlled conglomerates, known as chaebol, find their roots in a social contract that was implicit in the process of the country's economic development under military dictatorship, which began in the early 1960s.
I traveled to China in September, quite possibly one of the best times of the year to visit in terms of weather. The air quality in both Beijing and Shanghai was actually pleasant and was very different from how it seemed during my previous visits as well as from the typical accounts one usually hears of the notorious smog in China's major cities. It made me think about growing up during the industrialization of my home country, South Korea.
When the Portuguese first landed on Taiwan, they called it Ilha Formosa or “Beautiful Island.” However, Taiwan’s route to success has been far more prosaic—it rapidly industrialized by mass producing a wide range of consumer goods, including textiles and footwear, toys, bicycles, appliances and computer chips.
A few weeks ago, my curiosity over Macau’s transformation since my last visit led me to hop a ferry there from Hong Kong during a hard rain. In particular, I wanted to see firsthand all the new casino developments underway in Macau’s Cotai neighborhood.
In an attempt to further liberalize China’s economy, central government officials have created an experimental new free trade zone, which officially opened for business this week.
Many in Tokyo erupted with delight and excitement following the recent news of the city’s selection as host to the 2020 Summer Olympic Games.