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Analysis of economics, politics and public policy in East Asia and the Pacific.
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Cambodia Leaves Developing Nation Status Behind
Cambodia has been hailed for its accomplishments in meeting its Millennium Development Goal (MDG) targets in 2015. The recent UN report calls Cambodia an ‘early achiever’ performing particularly well...
Asian Development Bank and IMF Singing Philippines Praises
Economic forecasting is always difficult. The American economist John Kenneth Galbraith famously said ‘we have two sorts of forecasters: those who don’t know and those who don’t know they...
Perpetual Quantitative Easing is Likely not the Answer for Japan
According to conventional economic theory, the monetisation of government debt is a recipe for fiscal profligacy and hyperinflation. It should be the last thing to which any credible central...
Closer Thai-Cambodia Ties are an Economic Win
The December 2015 meeting between Thai Prime Minister Prayuth Chan-ocha and his Cambodian counterpart Hun Sen has boosted bilateral relations. Relations got off to a rocky start after the...
Positive Developments in Pakistan Need Reinforcement
After a dramatic end to 2014, Pakistan has gradually moved towards greater political and economic stability. This has been largely due to its successes in reducing terrorism, which injected...
Philippine Leadership in Danger of Using Up Political Capital
The Philippines has performed well in the past few years relative to its peers. It demonstrated great resilience to exogenous shocks that would have undone less capable economies. However,...
Time for Myanmar’s NLD to Step Up to the Economic Plate
Aung San Suu Kyi and her government will take office in early April 2016. However, the Myanmar people’s expectations of what Suu Kyi’s government can accomplish in its five-year...
The Practice of Security Pluralism
A principal challenge to Asian security today is that the various approaches to the security order seem to be working at cross-purposes. Take the United States and China. Washington...
Prominent Global Financial Drivers’ Carryover into the New Year
Last year in the Asia Pacific will be remembered for shambolic shifts towards a more multipolar economic and political order. The United States alone can no longer shape global...
Japan Balances Ties with China and the US
There is no doubt that China is building up its military capabilities. Nor that Japanese Prime Minister Shinzo Abe played up the threat of China, which spends three times...