Asia is watching

Article Abstract:

Asia will be patiently monitoring the administration of Hong Kong by China since many Asian nations are dependent on the colony for their trading activities. Asian nations are hoping that China will allow Hong Kong to retain its capitalist and democratic institutions, since Hong Kong has positioned itself at the core of Asian trade and finance. The Asia-Pacific region's trade relationship with Hong Kong stands at 67% for 1997, from 51% in 1980. Economic and political analysts believe that China's handling of Hong Kong is a good indicator of its behevior in the growing global market.

Intnl Economic Policy, Trade Relations, Political aspects, International economic relations, International trade, Hong Kong, Trade policy, Strategic aspects, Hong Kong-China reunification question

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The elusive lesson of the region's economic crisis

Article Abstract:

The continuing Asian economic crisis has brought the evaluation of each nation's government structure and policies. Economic reforms have already been instituted but political restructuring have been few. Corruption, nepotism and cronyism which hinders economic recovery are still evident throughout the region. The concept of good government is seen by many as one that would eventually lift the financial crisis. Good government is described as national partnership and teamwork between business, labor and the government, honest officials and economic policies that foster growth.

Economic & Political Union, Economic aspects, Column, Asia, Political science

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Seeking foreign investment - but on a modest scale

Article Abstract:

Cambodia prefers small investment projects which range from $2 million to $5 million in value for faster and easy implementation. The Council for the Development of Cambodia (CDC), which handles foreign aid and investment, believes large investments bring many problems, citing the case with a single Malaysian infrastructure and tourism venture which bogged down and raised controversies. Analysts believe Cambodia should address concern over red tape, corruption and political interference.

Foreign Investment Regulations, Economic Programs-Total Govt, Administration of Economic Programs, Foreign investments, Economic policy, Foreign investment laws, Cambodia

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