Category: Asian finance

Asian finance, Korea

The Roadblocks to Reform in South Korea

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South Korean President Moon Jae-in is shaking up the country’s Constitution. His recent constitutional amendment bill proposes a presidential system that caps a presidency at two consecutive four-year terms while limiting presidential powers and strengthening the rights of the prime minister and the National Assembly. In contrast to Moon’s proposal, the opposition parties (especially the […]

Asian finance

Why Australia should join the Asian Infrastructure Investment Bank

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Australia has no good reasons for staying out of the AIIB, and should join as soon as possible, argues SHAHAR HAMIERI. The surprising recent announcement that the United Kingdom will join the Chinese-led Asian Infrastructure Investment Bank (AIIB) has put the possibility of Australia joining the Bank back on the table. Last year the Australian […]