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Analysis of economics, politics and public policy in East Asia and the Pacific.
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The Importance of Keeping a Cool Head Over the South China Sea
A bipartisan letter from the US House of Representatives has urged the US government to verbally and physically challenge, China’s purported claims to 12 nautical mile territorial seas around...
There is Opposition to Myanmar’s Rule of Law, but to What End?
Since 2012, many things have changed in Myanmar, or Burma. The more noticeable changes have involved the government removing repressive measures imposed on a recalcitrant public: print media censorship;...
What Does Cyber-Espionage for National Security Cover?
The cyber theft of millions of personal dossiers from the United States Office of Personnel Management (OPM), revealed by US authorities in June 2015, has put the US government...
Japan’s Relationship with China will Depend on…China
History strongly suggests that the character of relations among major powers is a key determinant of stability. Europe convulsed in continuous warfare until France and Germany came to terms...
Doubts Arise over China’s Income per Capita Trajectory
When its GDP per capita hit almost US$7500 in 2014, China entered the middle-income stage of economic development. Relatively few countries that have made middle income status in the...
China’s Financial Inequality Gap Widens
Rising income and wealth inequality (measured by the Gini coefficient) have marked the last three decades of China’s remarkable economic transition from a centrally planned economy to an increasingly...
Are Japan’s New Security Laws a Shift Away from Pacifist Ideals?
Japan’s new security laws, passed on 19 September, allow for limited forms of collective self-defence, have been described as a ‘move away from pacifism’, the opening of a ‘Pandora’s...
The Ideological Divide between Vietnam and the U.S.
On 7 July 2015, Communist Party of Vietnam (CPV) General Secretary Nguyen Phu Trong met US President Barack Obama at the Oval Office, marking a historic milestone in advancing...
Realizing the ‘Chinese Dream’ with the AIIB
As of October, fifty-one prospective founding members signed the China-initiated Asian Infrastructure Investment Bank (AIIB) Articles of Agreement, which expects to be operational by the end of 2015. China...
The Reserve Bank of India’s Great Escape
Hyperinflation during the 1970s and 1980s relegated fiscal policy as the macroeconomic policy of last resort, ushering in the golden age of monetary policy. With Paul Volcker’s spectacular use...