The Brexit’s Known Unknowns
The UK’s EU referendum is too tight to call, which will virtually ensure protracted economic uncertainty, market volatility and political risk. The worst has already happened. The UK’s EU referendum is too tight to call, which will virtually ensure protracted...
Philippine President-elect Duterte’s Black and White in a Gray World
To the Philippines’ president-elect Rodrigo Duterte, the world is black and white, with hardly any shades of grey in between. His view informs his policy approach. His law and order platform, for example, promised change in a country riddled with...
Is India Getting in its Own Way and Hampering Growth?
Despite historical misadventures with socialism and recent positive experiences with liberalisation, India continues to regularly fight the market. The most recent example is the Delhi government’s move to ban Uber’s surge pricing, a regulation that can only result in a...
Young and Old Weigh in on the Brexit
The betting and events markets have shifted more decisively than the polls in favor of the UK to remain in the EU. Sterling extended its rally from $1.4010 last Thursday to nearly $1.4785 today, as the market participants adjust positions. ...
Low Voter Turnout could Worry Japan’s LDP
On 10 July, Japan will hold its upper house elections with half of its seats to be contested. This will be the first time that 18 and 19 year-old citizens will be able to cast a vote in a national...
India’s EOUs Flourished…So What Happened?
The export-oriented unit (EOU) scheme was launched in India in 1980 to boost exports and increase production. Under the scheme, Indian companies that produce goods solely for export can register as ‘export-oriented units’. In doing so, these producers become exempt...
Is China Setting Up for Lower Growth in the Medium-Term?
Recently in London, where I was analyzing the Eurozone and UK economies, I also had the opportunity to conduct a fairly holistic analysis of China’s real economy and existing imbalances in its financial sector. Recently in London, where I was...
Markets Undergo a Mild Psychology Shift
Since the murder of UK MP Cox last week, the mood in the markets shifted. Today is the continuation what was seen in the last two sessions last week. The difference is that participants seem more confident, as the polls...
Who Will be Correct about Britain’s Economy?
Campaigners for both the UK leaving and remaining in the EU have made claims regarding how a Brexit will affect the country’s finances. Campaigners for both the UK leaving and remaining in the EU have made claims regarding how a...
HA/DR Lessons from Japan’s Private Sector Expertise
Humanitarian assistance and disaster relief (HA/DR) are on the rise as new forms of security cooperation in the Asia Pacific. The Japanese government has recognised the importance of HA/DR capacity building for a stable regional security environment through relevant legislation...
As China’s Growth Slows, Income Inequality Speeds Up
The slowdown in growth in China is a familiar story. Annual GDP growth has fallen from an average of 10 percent to less than 7 percent. While Chinese growth is still significant in absolute terms, slower growth combined with rising...
Hillary Plays Dangerous Game with Bill’s Legacy
In trying to associate herself with her husband Bill Clinton’s economic legacy, Hillary Clinton is in danger of making herself look vulnerable and weak. With opinion polls showing a clear lead for Hillary Clinton over Donald Trump, especially among female...
Pro-Brexit Economists’ Plan is…Flawed
There are numerous studies showing the economic costs of Brexit and the weight of academic opinion backs these estimates. However, the Vote Leave campaign does have a small group of economists who claim that the UK can be better off if it leaves...
Evaluating Japan’s Evolving Disaster Response
On the night of 14 April 2016, five years after the devastating 3/11 triple disaster, a magnitude 6.5 earthquake struck the Kumamoto region on the Japanese island of Kyushu. It was caused by a vertical strike-slip fault that runs underneath...
India’s Services Growth is Great…too Great?
India is one of the fastest growing economies in the world and the services sector is the largest contributor to the country’s GDP. In 2015–16, the services sector accounted for 53.3 percent of India’s gross value added at current prices....