Parts of Africa, Asia and South America risk long term instability as there is evidence of children moving from one armed group to another, or becoming part of criminal gangs.
So one risk posed by Asia is that a small (and otherwise desirable) correction on Wall Street could become a crash.
Perhaps the main risk now facing emerging Asia is not feeble demand in the West but inflation or asset-price bubbles at home.
Beijing should see reunification as being in its best interests, eliminating the nuclear risk that has troubled Northeast Asia.
The third channel through which the emerging-market disease spreads is the reduction in investors' appetite for risk following the crises in Asia and Russia.
There are a number of implications to a NATO withdrawal that leaves no political settlement behind: continued violence, greater risk of terrorism in South Asia and abroad, resource insecurity.
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The study finds Emerging Asia and Central and Eastern Europe at greatest risk.
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The second reason global investors might not flock to Asia has to do with basic questions of risk and reward.
Amid the rush to go where the growth is in Asia, international investors might pause to consider the risk-reward implications of their investments.
Growing risk aversion pushed investors towards the yen, Asia's traditional safe haven currency.
In Aceh that means that, as the brutality continues, so the risk of disintegration will grow in South-East Asia's largest country.
The Chinese military is modernizing its capabilities and expanding its presence in Asia, drawing our forces into closer contact and raising the risk that an accident or miscalculation could destabilize the broader relationship.
Indeed, for big, high-value choices, that seems obvious: when Starbucks introduced its instant coffee, or when Applied Materials moved its manufacturing and engineering base to Asia, those decisions involved sizable amounts of resources and significant risk.
Unlike the West or even places like the Middle East, though, much of the new wealth being created in Asia is emerging in countries where rich people see their assets at risk, either because of unreliable governments or unloved ones.
Jeremy Cooper, Asia Pacific regional marketing director for SalesForce, believes Microsoft is taking a risk.
His Air Traffic Control report cites a Centre for Asia Pacific Aviation study, which asserted that privatization would transfer and spread risk, while introducing more efficiencies into the system.
All that can be said for sure about Asia's troubles is that they are serious, and that the risk of them spreading to the rest of the world is also serious.
There is the risk that global jihad's center of gravity could shift from South Asia to North Africa.
In other words, far from raising itself above South Asia's poverty and insecurity, India has put its future at even greater risk from a failing, nuclear-armed Pakistan.
"I have one client who now has more than 10 private bankers, saying he doesn't want to depend on any one bank and risk his assets, " said Kenny Lam, McKinsey's head of Asia private banking.
To minimize risk and keep its debt from ballooning, Cemex plans to make further purchases in Southeast Asia with a group of investors (no names yet).
In a new round of talks with North Korea, the administration could risk appearing to regional allies and others as though it is tilting toward China in Northeast Asia.
Second, by endorsing a rise in the Chinese currency relative to the dollar, the president and those who support this policy put at risk the vast soft power and competitive advantage the U.S. enjoys by providing Asia and the rest of the world a reliable currency for engaging in trade in goods and financial instruments.
Monetary authorities and intelligence agencies in Europe, Asia and the U.S. are now putting great pressure on all financial institutions to come clean or risk exposure.
And the spread of nuclear weapons to more states is also an unacceptable risk to global security -- raising the specter of arms races from the Middle East to East Asia.
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The UK "rewards laziness", does not encourage risk-taking and must strive to emulate the work ethic and low-tax culture in parts of Asia, the five MPs argue in a book due out next month.
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