Increasingly tense territorial rows in the Asia-Pacific threaten the global economy, US Secretary of State Hillary Clinton warned Sunday at the end of a leaders’ summit plagued by divisions.
Increasingly tense territorial rows in the Asia-Pacific threaten the global economy, US Secretary of State Hillary Clinton warned Sunday at the end of a leaders’ summit plagued by divisions.
Posted by byu2012 on September 12, 2012
https://theasiancenturyreport.wordpress.com/2012/09/12/us-warns-asia-pacific-leaders-over-territorial-rows/
NEW DELHI–An impasse between the government and opposition parties in India over a controversial allocation of coal blocks from 2004 to 2011 has dimmed prospects of economic reforms that economists say are vital to revive growth.
Global investors and the Indian industry have been clamoring for the government to move on key issues such as easing foreign investment rules to attract overseas capital in industries such as aviation, insurance and retail. Government officials repeatedly have suggested that several moves were imminent. Acting soon is viewed as imperative as it will become harder for the government to enact controversial measures close to a round of state polls in Gujarat, Himachal Pradesh and Karnataka that are expected later this year and the next general election due in 2014.
But the reform efforts have been abruptly halted by a standoff in what is known as the monsoon session of Parliament that started earlier this month and is scheduled to run until Sept. 7. On Thursday, for the third successive day, opposition parties blocked all legislative proceedings as they continued to demand the resignation of Prime Minister Manmohan Singh over the coal allocations.
Posted by byu2012 on August 23, 2012
https://theasiancenturyreport.wordpress.com/2012/08/23/india-political-logjam-dims-reform-prospects/
Japan, which has repeatedly claimed its sovereignty to the resource-rich rocky outcroppings, has recalled its ambassador to South Korea and informed Seoul that it will take the matter to the International Court of Justice.
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Posted by byu2012 on August 18, 2012
https://theasiancenturyreport.wordpress.com/2012/08/18/political-tensions-among-s-korea-china-and-japan-will-hamper-economy/