For over a quarter century, the one figure that dominated discussion of China’s economy was this: eight percent. Beginning in 1982, when leader Deng Xiaoping established the percentage as necessary to quadruple the size of the country’s GDP by 2000, China has seldom failed to achieve it—even in 2009, when the world was enduring the worst downturn since the Great Depression. […]
The United States faces a dilemma. A persistently high level of government debt threatens future economic growth and constrains the ability of the government to act in pursuit of national interests, both international and domestic. Yet efforts to bring down the debt will further constrain government outlays and action — possibly for many years into […]
Innovation should be one of the major driving forces of China’s ongoing economic reforms and development in the future, as the country’s GDP is expected to slow from double-digit growth, Premier Li Keqiang said Read Here – China Daily
China‘s contribution to the global economy will be in its steady growth and structural transformation; only long-term reforms can sow the seeds of prosperity. Measures used in emergencies – moves that break market rules – can be effective for a short time but they have long-term disadvantages. Read Here – Caixin
The largest developing nations for the first time have the worst market opportunities as optimism for stronger growth shifts to the U.S. and Europe, according to a Bloomberg Global Poll. Read Here – Bloomberg
For the most part, India’s current growth slowdown and its fiscal and current-account deficits are not structural problems. They can all be fixed by means of modest reforms. This is not to say that ambitious reform is not good, or is not warranted to sustain growth for the next decade. But India does not need […]
Banking reforms alone, however, aren’t going to bring foreign investors back or prevent the rupee from falling further. This is (Raghuram) Rajan’s real challenge: He is stepping into a stew of financial chaos, missed opportunities and political paralysis that has been simmering for years. It’s no longer inconceivable that India could become the first of […]
When Barack Obama succeeded George W. Bush as U.S. president, the world, sick of the latter’s triumphalist, in-your-face unilateralism, heaved a collective sigh of relief. How ironic then that Obama risks making the U.S. the biggest international outlaw of our times. Read Here – Japan Times
It is a dream that will be eventually fulfilled and everybody, including foreign policy practitioners, needs to listen closely to what Facebook Founder Mark Zuckerberg has to say because the world will be a very different place to live in when all of it is connected by the Internet. Read Here – Wired
Korea’s real challenge is one of reinvention: to find a new economic model to replace its previous dependence on exports. For years, Koreans buzzed about catching up to the developed world. Now that they largely have, the question is what comes next. If Korea is having the economic equivalent of a midlife crisis, my conversations […]
looking beyond borders 