Cautious optimism on the Korean Peninsula

This Easter eve, there is reason to be optimistic about regional peace and global economic security.

Not long ago, the Korean Peninsula was a tinderbox about to explode as Washington and Pyongyang exchanged volleys of rhetoric and flexed their respective military muscles. As many have warned, a brewing war in the Korean peninsula could disrupt Asia’s economic growth, perhaps even the world’s. The Philippines would not be spared, and its main economic partners aside from the United States – China and Japan – would be dragged into the conflict.