Tuesday, June 17, 2014

Nationalism rising in Asia... War could follow

In Asia,, nationalism is resurgent. New leaders in China, Japan, South Korea, and now India are political nationalists in regions where territorial disputes remain serious and long-held historical grievances fester. 

These leaders — as well as those in Thailand, Malaysia, and Indonesia — must address major structural reform challenges if they are to revive falling economic growth and, in the case of emerging markets, avoid a middle-income trap. 

Economic failure could fuel further nationalist, xenophobic tendencies, and even trigger military conflict.