Inside Asia

I.M.F. Turns on the Charm in Asia

By ALAN WHEATLEY New York Times / Published: July 19, 2010

BEIJING — That warm glow and soft purring emanating from South Korea was the International Monetary Fund trying, yet again, to put the Asian financial crisis behind it. The I.M.F. needs Asia on its side. As the fastest-growing part of the world economy, the region will wield increasing clout at global institutions like the I.M.F. and provide more of their financing.

The problem, to put it bluntly, is that Asia does not need the I.M.F. — or even like the I.M.F., whose invasive policy prescriptions are blamed in the region for having exacerbated the 1997-1998 meltdown. 

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 With Asian Industry Astir, More Job-Seekers Go East

By Bettina Wassener New York Times / Published: July 27, 2010  

HONG KONG — Before the global financial crisis, many in the west had not thought seriously about moving to Asia. But growth in China, India, South Korea and many other countries in the region is outpacing that of Europe and the United States. Many local companies are enjoying rapid expansion, while international employers are shifting positions to Asia and are hiring again. So increasingly, European and American job seekers are hoping that Asia is a place where opportunities match their ambitions.

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