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Analysis of economics, politics and public policy in East Asia and the Pacific.
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Australia’s Productivity Growth Continues to Deteriorate
Australia’s 2015 Intergenerational Report assumed that labour productivity would grow at an average annual rate of 1.5 percent over the period 2015 to 2055. This is slightly lower than...
Sunnylands Summit Especially Meaningful to US Influence in Asia
Can America preserve the US-led regional order by resisting China’s challenge to replace it with ‘a new model of great-power relations’? A lot depends on how much support the...
Additional Indonesia Terror Attacks Could Send Economy Reeling
Two weeks after the terrorist attack in front of the Sarinah Department Store in central Jakarta, a clearer picture is emerging of the key figures behind the operation and...
What if Paying Someone to Borrow Money Doesn’t Work?
This winter has been relatively mild in Japan, but at least in financial markets, it is sub-zero. Governor Haruhiko Kuroda of the Bank of Japan (BoJ) announced on 29...
Investors Wait for the Next Renminbi Shoe to Drop
In the first quarter of 2014, the People’s Bank of China (PBoC) finally succeeded in breaking persistent renminbi (RMB) appreciation expectations. Unfortunately, the subsequent RMB depreciation coincided with the...
Anguish, Opportunity and Trade Agreements
At the last Asia Pacific Economic Cooperation (APEC) Summit in November 2015, the United States and China advanced their own set of interests with respect to trade agreements in...
India is off to a Slow Start, Undercutting Growth Projections
Unlike other emerging economies, strong investor sentiment and the meltdown in crude oil prices bolstered India’s growth in the last financial year. Though the projected growth rate for 2016...
Unraveling Decades of Military Rule in Myanmar
All the speculation about who will hold Myanmar’s top jobs should end this month. With newly elected legislators taking their Naypyidaw seats, the specifics of further compromises between the...
Food Scarcity a Top Campaign Issue in the Philippines
The Philippine presidential campaign period officially begins on 9 February. But amid the same old spiels about political piety, not one of the five presidential candidates — current Vice-President...
Joko Widodo and His Uphill Battle for Indonesia Reforms
To many, Indonesian President Joko Widodo’s (Jokowi) election represented a break with the past, as he had no ties to existing military or political elites. The new president was...