[Editorial] Foreign residents

The Korea Herald > Opinion > Viewpoints

[Kim Haeng-jung] A family month present

On April 16, something unusual happened at our farmhouse, marking a milestone in our rural life since we started farming and gardening about 10 years ago. My wife and I held an unveiling ceremony of stone toads in commemoration of a short fairy tale I wrote.The ceremony was attended by our...

Updated : 2016.05.03 17:05

Mexico’s faltering fight against corruption

Corruption in Mexico is not just a legal and moral problem. It is an economic one. The annual cost amounts to 5 percent of gross domestic product, according to one report, which also found that almost half of business owners said officials have sought money in exchange for contracts or bus...

Updated : 2016.05.03 17:03

[Thitinan Pongsudhirak] A role reversal for Myanmar and Thailand

Rarely do next-door neighbors move as rapidly in opposite political directions as Thailand and Myanmar have in recent years. After more than a half-century of military dictatorship, Myanmar has restored democratic rule, and now has a civilian-led government led by the former political pris...

Updated : 2016.05.03 17:03

[Albert R. Hunt] Candidates’ claims of American decline are hype

As in any U.S. national election without an incumbent president, this race’s candidates are painting an ugly picture: The country is “going to hell,” bluntly asserts the Republican front-runner, Donald Trump.One of his Democratic challengers, Sen. Bernie Sanders, isn‘t much kinder, and...

Updated : 2016.05.03 17:01

[Cass R. Sunstein] The mistake that most traders make

Do investors suffer from behavioral biases? New research demonstrates that they do: They think that a crash is far more likely than it actually is. After you read the newspaper, you might well overrea...

Updated : 2016.05.02 17:16

[Mohamed A. El-Erian] Bank of Japan finds it can’t win

Pity the Bank of Japan. Disappointed by the central bank’s decision at Thursday’s policy meeting to delay further stimulus measures, markets pushed the yen higher, making exports less competitive, and drove share prices lower, which damped animal spirits. This makes the prospects for a r...

Updated : 2016.05.02 17:13

[Jeffrey D. Sachs] Shift to clean energy calls for new politics

The diplomats have done their job, concluding the Paris climate agreement in December. And political leaders gathered last week at the United Nations to sign the new accord. But implementation is surely the tough part. Governments need a new approach to an issue that is highly complex, lon...

Updated : 2016.05.02 17:12

[Jean Pisani-Ferry] Don’t do stupid economic stuff

On Aug. 30, 2013, the United States was about to launch air strikes on Syria, where more than a thousand civilians had died in a sarin gas attack perpetrated by the army of President Bashar al-Assad. ...

Updated : 2016.05.02 17:11

[Mark Buchanan] Why we fear spiders more than climate change

People tend to fear spiders and snakes more than they do electrical sockets or fireworks, even though the latter present a far greater danger. This might help explain why humans have such a hard time seeing the threat of climate change. Evolutionary psychologists argue that much of human ...

Updated : 2016.05.02 17:08

[Shamshad Akhtar] Increasing Productivity Key to Asia and the Pacific

The Asia-Pacific region’s successful achievement of the 2030 Agenda for Sustainable Development needs to be driven by broad-based productivity gains and rebalancing of economies toward domestic and regional demand. This is the main message of the Economic and Social Survey of Asia and the...

Updated : 2016.05.01 17:13

[Howard Davies] Why are central banks on trial again?

Central banks have been on a roller-coaster ride in the last decade, from heroes to zeroes and back again. Is another downswing in their fortunes and reputations now starting?In 2006, when Alan Greens...

Updated : 2016.05.01 17:12

A second life in space for Cold War nukes

In the tradition of turning swords into plowshares, it’s an appealing idea: converting the U.S.’ ballistic missiles into rockets for civilian space transport. It’s also a sensible one -- and Congress should change the law to make it happen.For two decades, on national security grounds, ...

Updated : 2016.05.01 17:10

[David Ignatius] Slow and shaky takeoff for Mosul offensive

From a sandbagged hilltop outpost here, you can see the front line of the Islamic State group in the muddy brown houses of Al-Nasr, a village on the next ridgeline, about a mile and a half west. The Iraqi army was supposed to have captured this target a month ago. But the offensive was rep...

Updated : 2016.05.01 17:08

[J. Bradford DeLong] Rescue for stranded economies

For countries where nominal interest rates are at or near zero, fiscal stimulus should be a no-brainer. As long as the interest rate at which a government borrows is less than the sum of inflation, la...

Updated : 2016.05.01 17:06

[Robert B. Reich] Endgame of antiestablishment politics

Will Bernie Sanders’ supporters rally behind Hillary Clinton if she gets the nomination? Likewise, if Donald Trump is denied the Republican nomination, will his supporters back whoever gets the Repub...

Updated : 2016.04.29 16:13