Digital solutions empower ethnic minority women in Vietnam

By all accounts, Vietnam’s poverty reduction is a staggering achievement. Extreme poverty fell from 49% in 1992 to about 4% in 2021, and according to the new multidimensional poverty (MDP) index, multidimensional poverty is now close to 9%. Vietnam was the first country in the Asia-Pacific region to adopt MDP measures, using them since 2015 […]Continue Reading

US bank trouble heralds end of dollar reserve system

NEW YORK – The US banking system is broken. That doesn’t portend more high-profile failures like Credit Suisse. The central banks will keep moribund institutions on life support. But the era of dollar-based reserves and floating exchange rates that began on August 15, 1971, when the US severed the link between the dollar and gold, […]Continue Reading

China eyes Russia’s Far East resources, ‘patriots’ want more

China and Russia have agreed to strengthen economic ties after top leaders held high-profile meetings in Moscow, but Chinese investment in Russia’s underdeveloped Far East region is not a done deal. Since mid-2022, Russian Prime Minister Mikhail Mishustin has promoted a proposal for Chinese investment in 79 projects worth about US$165 billion across energy, mining […]Continue Reading