Struggle for Asia
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An emerging regional player caught between the superpowers
Policymakers say each country should look first to its own defenses. They are right, but it may not be enough. Asia has seen remarkably robust growth in the last two decades, with nominal GDP more than tripling and foreign exchange reserves soaring. But these reserves are unevenly distributed. So, in the event of a crisis too big for the CMIM, Beijing and Tokyo may come under pressure to provide emergency resources directly, if the crisis-hit countries want to avoid the IMF. The current rapprochement between China and Japan, symbolized by the warm welcome Japanese Prime Minister Shinzo Abe has received in Beijing, bodes well for the future -- not least in financial affairs.
Asia will struggle to cut dependence on IMF rescues - Nikkei Asian Review
Sign up to our newsletters to get our best stories delivered straight to your inbox. Stay ahead with our exclusives on Asia ; the most dynamic market in the world. Stay ahead with our exclusives on Asia. Get trusted insights from experts within Asia itself. Arrow Artboard Created with Sketch. Artboard Created with Sketch. Opinion Asia will struggle to cut dependence on IMF rescues Region's economies grow stronger, but still lack resources to fight big crises alone.
Paola Subacchi. See Also US must come up with proper China policy to protect global economy Saudi oil attack is wake-up call for Asian economies Masayoshi Son's WeWork troubles undermine his sharp reputation People's Republic of China's 70th anniversary demands honest reflection. Read Next. Racial profiling by police has long been a problem in the region, primarily directed at residents of Central Asia and Russian nationals from the North Caucasus.
It was especially noticeable before the Olympic Games in Sochi, when police openly admitted that they had been instructed to detain and check people on the basis of their belonging to certain national minorities. Widespread criticism of these actions has to some extent led to some improvements in the situation: the police now appear to detain members of national minorities less frequently than before, but these nevertheless remain vulnerable to official harassment.
A Neo-Gramscian Critique of South Korea's Political Economy
Odimjon, a Tajik national, describes how police can use documentation checks and detention as a means to extract payments. When policemen stop me on the street and demand documents, I show them without asking any questions, since I am afraid that if I in turn demand their documents and grounds for them checking my identity papers, they will behave more aggressively, they may detain me. I try to be as polite as possible. While Krasnodar and many other regions depend heavily on migrant labour, the unfavourable environment in place leaves them at constant risk of exploitation, abuse and deportation.
As in many cases employers do not want to take any responsibility for paperwork, migrants are forced to seek out intermediaries who are often able to extort large sums of money from them — a situation enabled by the difficult and onerous registration currently in place.
In turn, the police are more likely to detain and prosecute migrants, rather than their employers, regardless of the exploitative conditions they are forced to work in. Indeed, the threat of expulsion if a deadline is missed provides employers with a powerful tool of coercion. Paradoxically, despite the extensive official regulations in place, the current system has allowed a host of intermediary organizations to flourish unchecked. The creation of the Multifunctional Migration Centre in Krasnodar, an official contact point between migrants and the state, should in principle allow them to access the necessary documentation directly without incurring any additional expenses — yet in practice, many foreigners still find themselves forced to engage intermediaries.
Until this situation is resolved, tens of thousands of migrants will remain at constant risk of exploitation by intermediaries, their employers and the police. Header photo: Migrant workers from Uzbekistan eat in their temporary living quarters on a construction site in Moscow, Russia. The ranking is created by compiling data on the known antecedents to genocide or mass political killing.
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The Minority Voices Newsroom is an online multimedia library that allows members of minority and indigenous communities to upload, download and share their stories. Are you passionate about protecting the rights of minority and indigenous people worldwide? Check the Minority Rights Group jobs page for vacancies, internships and volunteering opportunities. Krasnodar, located in the south of Russia , is a magnet for foreign migrants — mainly from Central Asia, Ukraine and Moldov — with almost , arriving in the region in Not so fast, says this strategist.
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Struggle for Asia
The changes include a new, responsive design featuring extended-hours data and more news. Learn More. Asia stocks struggle for gains as investors watch trade issues. By Associated Press. Comment icon. Text Resize Print icon.