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Analysis of economics, politics and public policy in East Asia and the Pacific.
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China’s Gender Skew Ramifications
In the last decade, China’s serious gender imbalance has made headlines: millions of Chinese men are doomed to bachelorhood due to a shortage of women, with awful social consequences....
Rebalancing China and India’s Economies
When the global financial crisis swept across the world in 2008, it was widely hoped that the external demand shock would affect India as badly as China. After all,...
Predicting China’s Long-Term Growth Rate is more of an Art
Reading the latest Chinese growth projections to 2050 brings to mind Karl Marx’s aphorism that history repeats itself first as tragedy, second as farce. One of the co-authors, a...
One Step Backwards could be Two Steps Forward for the Yuan
The redback’s managers excel in catching the currency markets off-guard. In January 1994, China unified its dual exchange rate system by aligning the official rate to the market rate...
Japan-ROK Relationship Setback
Many have correctly objected to the potted history depicted in the front end of the Abe statement. But it seems that Abe was licensed in a sense by the...
India’s Thorny Nuclear Policy
India’s Pakistan dilemma continues, as Pakistani Defence Minister Khawaja Asif warned that they reserve the option of using nuclear weapons. The statement was made a week before Prime Minister...
Graduating from Factor Accumulation to Better Education Systems
Investment in human capital through education, partly by the government, as a precondition for sustainable growth, is almost a universal thought. For Asian countries that can no longer rely...
Signs of a Credible Election in Myanmar
Much uncertainty surrounds the lead up to and conduct of Myanmar’s upcoming legislative elections. The recent voting down of constitutional amendments in parliament — almost certainly (and solely) by...
The Same Old Trade Arguments Persist with the TPP
Ever since Jagdish Bhagwati coined the phrase ‘spaghetti bowl’ to describe the maze of overlapping preferential trade arrangements (PTAs), trade economists have been split over whether such deals are...
Abe Sets a Tone for Future Generations with War Apology
Japanese Prime Minister Shinzo Abe’s much-anticipated statement to mark the 70th anniversary of the end of the Pacific War provoked relief, surprise and some ambiguity for the future. It...