Showing results for "Social Policy" in Asia

In 1991 India faced its 'Greece moment': an unprecedented financial crisis against the backdrop of political uncertainty and crumbling investor confidence. On 21 June 1991, P. V. Narasimha Rao became prime minister and appointed Dr Manmohan Singh as finance minister. In less than 35 days, the Rao-Singh duo ushered in momentous changes in economic policy - those that transformed the country.

Over the past four decades, China's remarkable transformation has garnered admiration but also sparked concern. George Magnus draws on his intimate knowledge of this dynamic nation to uncover the origins of its ascent and show why the economic traps it faces at home and the political challenges it faces abroad pose a serious threat to its continued rise.

Communist China is ambitious. It wants to replace the United States as the world’s leading superpower. And it is well on its way. It is dominant in the world economy. It is a master at intellectual property theft. It shows strategic genius at cornering essential markets. It has been staggeringly successful in buying influence among American elites. And its military buildup is astonishing. So far, China has been waging a cold war on the United States and its Asian allies. But, emboldened by American weakness and decline, that cold war is about to turn hot.

Most global citizens are well aware of the explosive growth of the Chinese economy. Indeed, China has famously become the "workshop of the world." Yet, while China watchers have shed much light on the country's internal dynamics - China's politics, its vast social changes, and its economic development - few have focused on how this increasingly powerful nation has become more active and assertive throughout the world.

When Communist Party leaders adopted the one-child policy in 1980, they hoped curbing birthrates would help lift China's poorest and increase the country's global stature. But at what cost? Now, as China closes the book on the policy after more than three decades, it faces a population grown too old and too male, with a vastly diminished supply of young workers. Mei Fong has spent years documenting the policy's repercussions on every sector of Chinese society.