In their efforts to stimulate demand by pursuing increasingly aggressive monetary policies, advanced economies have been imposing risks on emerging-market countries such as India. Indeed, one day we face surging capital inflows, as investors go into “risk-on” mode, and outflows the next as they switch risk off.India has responded to this external volatility by trying to create a domestic platform of macroeconomic stability on which to build growth. India’s latest central budget emphasizes fiscal

Donald Trump wants to turn the 28,500 members of the U.S. Forces in Korea into mercenaries. He demands that the Korean government pay 100 percent of the cost for stationing U.S. troops here because he believes they are here solely to benefit Koreans. What an affront to the young American men and women who are proud to stand for the U.S. commitment to global peace and freedom!Korea and the United States split the USFK bill roughly half and half because Seoul and Washington are aware that their de

An acquaintance I recently made in Tokyo has opened a new business. It’s called the Japan Industry News, and its service is as straightforward as its name. The main idea is to offer an English platform for Japanese newspapers so they can introduce their content to English-speaking consumers. I mention the name outright not because I am wowed by the originality of the idea -- this is not the first such attempt made in a non-English-speaking place like Japan -- but because I want to applaud the au

In 1987 American writer Norman Mailer directed a movie titled “Tough Guys Don’t Dance.” Scorned by moviegoers, the movie was soon forgotten. Yet the title amused people. After the movie was released, I was invited to teach at Brigham Young University as a visiting professor. I moved to Provo, Utah, with my daughter Min who was in the sixth grade. One day, her best friend Brittany Walker came over to my apartment to play with Min. At the time, I happened to wear a pink shirt. “Dad, you are in pin

Donald Trump won the Republican primary on May 3 by a large margin, causing his two remaining competitors, Texas Sen. Ted Cruz and Ohio Gov. John Kasich, to drop out of the race and assuring him of the nomination at the convention in July. The sudden turn of events threw the Republican Party into greater disarray. Speaker of the House Paul Ryan, the highest elected Republican, has withheld his support. Former presidents George H. W. Bush and George W. Bush, the two most recent Republican preside