In Part II, we explain why Japanese-Korean hostilities have suddenly broken out into the open again and conclude by discussing the implications of the dispute for the countries’ economies and for investors.

The press has been reporting on a trade spat between Japan and South Korea, ostensibly tied to South Korean anger over Japan’s behavior in the runup to World War II. The dispute is only the latest chapter in a long history of conflict between Korea and Japan.

Indian PM Modi’s latest surprising policy move was the sudden announcement that the northern state of Jammu and Kashmir would no longer have the special autonomy it has enjoyed since India’s independence.

The Financial Crisis consumed what was in many ways an overgrown and brittle economic system within the world’s developed countries. The conflagration destroyed many traditional politicians identified with the highly globalized economy and encouraged disruptive, populist leaders to begin reaching for their place in the sun.