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Analysis of economics, politics and public policy in East Asia and the Pacific.
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The Argument for Renminbi Inclusion in the SDR Basket
As the next five-year review of the IMF’s international reserve asset approaches, reviewers should strongly consider the case for including the Chinese yuan in the basket.The Special Drawing Rights...
Will the U.S.-Japan TPP Trump the Japan-Australia JAEPA?
Australia’s farmers, particularly beef producers, may have celebrated too early when the Japan–Australia Economic Partnership Agreement (JAEPA) took effect on 15 January 2015. The deal may be gazumped by...
ASEAN’s Ready and Capable Steward
ASEAN needs a ready and capable steward in 2015 and Malaysia looks to be in the right place at the right time. Malaysia has made clear that realising the...
Cambodia’s New Dawn of Economic Development
As Cambodia is coming to terms with its changed political landscape after the 2013 elections, a new era of economic development is dawning. Whether the country will be able...
Shinzo Abe Raising Japan’s Profile by Engaging the Middle East
After his victory in the December 2014 elections, Japan’s Prime Minister Shinzo Abe has pledged to turn Japan into ‘one of the greatest powers in the world’ by implementing...
Defining ‘Investment’ Plays a Large Role in a US-India Bilateral Investment Treaty
It is official: India and the US will resume negotiations on a high-standard bilateral investment treaty (BIT). In a recent joint statement Prime Minister Narendra Modi and President Barack...
The Case for Funding R&D in Japan Through Asset Sales
The debate on fiscal reform in Japan has been heating up. The working assumption so far has been that tax hikes will be sufficient to solve the fiscal problem....
Checking in on China’s SOE Reforms 25 Years after They Began
As in other areas, the reform of state-owned enterprises (SOEs) in China has been a gradual process. Now, almost 25 years after SOE reforms began, the government must tackle...
Shifting Lessons Learned from AUSFTA to the Trans-Pacific Partnership
Many bilateral FTAs signed to date in Asia have not brought significant commercial or domestic reform or benefits. For one thing, bilateral ‘free trade agreements’ (which are preferential in...
Critics of the Australia-U.S. Free Trade Agreement Prove to be Correct
The critics were right. Ten years after the Australia–United States free trade agreement (AUSFTA) came into force, new analysis of the data shows that the agreement diverted trade away...