economy

A range of crises in the Middle East dominated the U.S. foreign policy agenda in 2013, raising questions about the vigor of President Obama's Asia "pivot." Four experts offer perspectives on how the region is reacting to U.S. moves in Asia. China has reacted with "assertive authoritarianism," CFR's Elizabeth Economy writes, while Southeast Asian governments remain ambivalent to the supposed shift, according to Tim Huxley of the International Institute for Strategic Studies.

The philanthropist Howard G. Buffett—eldest son of multibillionaire investor Warren Buffett—and Rwandan President Paul Kagame go back a long way. Buffett’s foundation has been active in Africa for years, investing more than $140 million in central Africa’s Great Lakes region, which includes Rwanda. Almost every time Buffett visits Africa, he stops by the Rwandan capital of Kigali to see Kagame.

The Prime Ministers of Viet Nam and Japan reaffirmed yesterday their commitment to comprehensive development of the strategic partnership between both countries. In talks held between Prime Minister Nguyen Tan Dung and his Japanese counterpart Shinzo Abe, the commitment found concrete expression in the latter's announcement of an official development assistance package of around US$1 billion (JPY1 trillion) for the second half of the 2013 fiscal year.

A recent survey conducted by global research firm IPSOS across 20 countries, found that a whopping 71 percent of Chinese say they gauge their success by the things they own. That’s significantly higher than it was for every other country included in the survey.

Brazilian President Dilma Rousseff's popularity continued to recover in November thanks to her government's social programs and a slowdown in inflation, a poll showed on Friday, making her the clear favorite in next year's presidential vote. Seventy-five percent of respondents rated Rousseff's government "good/great" or "average" in the latest Ibope/CNI poll. That was up from 72 percent in September and 65 percent in July, when millions of Brazilians took to the streets to protest poor public transportation, corruption and crime.

In his 2009 book, “The Next 100 Years,” George Friedman, the founder of Stratfor, wrote that by the end of the century Mexico will be the main power challenging the U.S. With $500 billion in trade with the U.S. (up from $75 billion two decades ago), with Mexicans spending twice as much on U.S. products as the Chinese, with over 33 million U.S. residents of Mexican origin, with the most frequently crossed international border in the world, it would be irresponsible to wait until the end of the century to pay attention to Mexico.

There appears to be nothing rotten in the state of Denmark these days. For the second straight year, Denmark has been named the happiest country, according to a survey of 156 nations called the World Happiness Report. Based on Gallup data collected from 2010-2012, the survey looks at measures like life expectancy, social support, freedom to make life choices, and perceptions of corruption and generosity. Denmark nudged out Norway, Switzerland, the Netherlands and Sweden.

While China, North Korea, Vietnam, Laos, and Cuba officially claim to be communist states, the country that adheres most strictly to communist principles, according to Oxford University scholar Robert Service, is North Korea. He should know, he wrote the book on it — Comrades! A History of World Communism. Today, he says, Karl Marx would hardly recognize his manifesto. "In it's original form, it's long been dead," said Service.

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