Daily Archives: May 31, 2013

Gideon Rachman

South Korea is, in many ways, an incredibly impressive place. It was as poor as India in the 1950s, but now has wealth levels comparable to Spain or New Zealand. It is also now the 12th largest economy in the world, measured according to purchasing power. It has produced world-beating companies like Samsung and Hyundai – as well as a vibrant pop-culture.

Yet, talking to South Koreans, it is pretty apparent that there is also a darker side to the country’s economic miracle. There are two particularly shocking statistics. South Korea has the highest suicide rate in the developed world. And it also has the lowest birth-rate in the developed world: 1.2 children are born for every woman. As a result, the society is ageing very rapidly. One prominent economist in Seoul told me that if the country cannot turn around its demographics, “South Korea will implode in two generations time.” Read more

James Blitz

Qusair, in Homs Province (STR/AFP/Getty Images)

This has been a week of intense diplomatic and military activity over Syria. At the end of it, anyone analysing the situation has much new detail to reflect on. The Assad regime is making considerable advances on the ground. The EU arms embargo on Syria has been amended, allowing Britain and France to supply weapons to parts of the Syrian opposition at some future date if they wish. Russia seems to be pressing ahead with the provision of the S-300 surface-to-air missile systems to the Syrian regime, alarming the Israelis. Meanwhile diplomacy over a planned peace conference to try and bring an end to the civil war presses ahead – albeit with deep scepticism from many diplomats about the chance of success.

What should we make of all these events? After conversations with several western diplomats analysing the situation, one can pick out various strands that help organise one’s assessment of where things stand. Read more

♦ All change in Europe? French labour market reforms start to bear fruit, with signs of movement in industrial relations and eurozone austerity might be on its way out.
♦ India’s economy grew at the slowest rate in a decadehampered by electricity shortages and poor infrastructure.
♦ Mexico’s highest-grossing film is still filling multiplexes 10 weeks after its release. The NYT looks at whether audiences just want to see rich people humiliated, or whether they are actually looking for a form of middle class catharsis.
♦ Neal Ascherson reports on the state of German politics: “They are pissed off with Angela Merkel’s governing coalition, but reluctant to let go of Mutti’s hand. In short, the public are in one of those sullen, unreasonable moods which make politicians despair.
♦ Ethnic strife in Xinjiang, northeast China, is worsening with the growth of immigrant-dominated settlements – Uighurs are resentful of such powerful entities dominating the region and employing so few of their own ethnic group.
♦ And here’s something to chew on this weekend. When you’re having your morning pastry spare a thought for New Yorkers who have been lining up at 6am, or paying as much as $40, for a delectable new pastry – the cronut, a croissant-donut hybrid. It seems the bakery has a scaling problem, which is driving cronut-craving customers to the black market. Read more