By Michael Backman (auth.)
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Extra resources for Asia Future Shock: Business Crisis and Opportunity in the Coming Years
Banking embargoes ensure that North Korea does not have access to the international banking system. 6 In 2003, Australian authorities intercepted and impounded a North Korean freighter off the coast of Sydney that had earlier offloaded a consignment of 50 kilograms of heroin at an Australian port, providing ﬁrm evidence of one means by which the regime has attempted to raise cash. Kim Jong Il The slavish devotion to North Korea’s founder Kim Il Sung demanded of North Koreans reduced them to a nation of children.
Of course not. And when they do spend significantly, it’s often outside Japan: tour groups of elderly Japanese have become a regular feature in Europe’s capitals. The elderly cannot be a source of economic growth and no government stimulus package will ever make them that. Not only is the higher spending base of Japan’s population quickly shrinking as a proportion of the total but so too is the number of wage and salary-earning taxpayers. This is happening so fast that the next generation of Japanese will face a net increase in lifetime taxes of 170% on that faced by the current generation, assuming that the number of old people who will then be in Japan are to have the same government beneﬁts that Japan’s elderly currently enjoy.
Is the intervention in Sudan only the beginning of a new role for China’s military in other countries? How will China respond if governments of countries in which it has investments or would like to invest call for military help to maintain control? Alternatively, will China actively work to topple regimes that act against its commercial interests in the way that the CIA is alleged to have done? The answer to all these questions is almost certainly yes. China will have the ability for such interventions and it has the incentives.
Asia Future Shock: Business Crisis and Opportunity in the Coming Years by Michael Backman (auth.)