Economeister

Hiroyuki Kawashima: China's rural failures and the middle-income trap

Economic development in Asian countries since around 1980 has been remarkable. China's performance has been particularly noteworthy. Beijing began on the path to economic reform in 1978, but back then, due in part to the effects of the Cultural Revol...

  • Masakazu Toyoda: Japan needs to weigh out the right energy mix after Fukushima

    Nuclear energy has been heatedly debated recently, losing favor in the public eye after the Fukushima meltdown. But Asia's growing demands for power require that the nuclear option be considered as part of a clean, affordable energy mix that supports...

  • Ritesh Kumar Singh: India needs to refocus its trade policy

    Narendra Modi took office as India's prime minister in May with clear tasks: revive investment and restore the country's annual economic growth rate to 7% to 8%. Since trade accounts for a large proportion of India's gross domestic product, trade...

  • Curtis Chin: Time for a US 'business pivot' to Asia

    Opinion surveys, including one from the nonpartisan Pew Research Center, show that record numbers of Americans say the U.S. should mind its own business and let other countries get along as best they can. It would be understandable -- but a mistake -...

  • New ADB chief economist says middle-income trap a myth

    MANILA -- The so-called middle-income trap, in which certain countries appear stuck at a middle level of development, is a sham, the new chief economist of the Asian Development Bank says. Although it has no formal definition, the "trap" is c...

  • Secular Stagnation: Its relevance to Japan

    Since professor Lawrence Summers' speech on the subject last November, the notion of "secular stagnation" has became a key concept in understanding the difficulties facing advanced industrial countries.Jun Saito is a senior research fellow at the Jap...

  • Stephen Grenville: How to reboot world trade talks

    Expanding trade has been the lynchpin of globalization. Total world trade rose from 42% of global gross domestic product in 1980 to 62% in 2007, according to the International Monetary Fund. Trade slowed during the 2008 crisis and since then has bare...

  • Khurana, DasGupta: India's investment plans face implementation risk

    In May, India made history in its national elections, sweeping into power the conservative Bharatiya Janata Party with an enormous majority and voting unequivocally for change and economic growth. After years of indecision that had left the econo...

  • Sara Hsu: Chinese peer-to-peer lending needs reining in

    In China, the official banking system's failure to address the needs of private enterprises has given rise to an informal financial system of lenders and institutions of questionable legality. This so-called shadow banking industry includes online pe...

  • John Edwards: Coming monetary tightening will expose G-20's vulnerabilities

    Whether or not it is a formal part of the agenda for the Group of 20 finance ministers and central bankers in Cairns, Australia, in September (or Washington, D.C., in October), there is little doubt that the biggest global economic problem today is t...

  • Japan's pension system: Its long-term prospects

    According to "The Abridged Life Table for 2013," published by the Ministry of Health, Labor and Welfare on July 31, the average life expectancy for Japanese has improved even further: 80.21 years for men, surpassing 80 for the first time in history, ...

  • Hideo Hogi: Japanese, German carmakers take different paths due to currency rates

    Japanese carmakers took advantage of the Asian market expansion in the 2000s and their global output surpassed 25 million units a year, accounting for a third of the global output and the largest in the world. However, their domestic production, whic...

  • Ryozo Yoshikawa: Japan's electronics industry overconfident, neglecting changes in markets

    Japan was once called a technological powerhouse and a manufacturing empire. But its products' dominance of world markets and their role as a driving force of the economy are things of the past. The world market shares of Japan's high-tech products s...

  • Ana Swanson: Unwinding restrictions won't boost China's housing market for long

    Real estate has long been considered the only safe and profitable investment in China. The country currently has one of the world's worst performing stock markets, and it also has government-imposed limits on the returns that banks pay to their depos...

  • Frederic Neumann: The limits of monetary policy

    It's tempting to think that central banks are all-powerful. Swift action by former U.S. Federal Reserve Chairman Ben Bernanke and his peers in other countries rescued the world economy from a slide into depression. For this, they deserve credit. Howe...

  • Peter Tasker: The dark side of 'womenomics'

    Japanese women are in demand as never before. "Women have the greatest potential," Prime Minister Shinzo Abe recently told media, "and allowing them to demonstrate their full abilities is the core of our growth strategy." He must be pleased by th...

  • Frederic Neumann: Widodo faces tough choices ahead

    The count is in. Despite a legal challenge by his opponent, it looks likely that Joko "Jokowi" Widodo will become Indonesia's next president in October. Investors are cheering and markets are rallying. The hope is that he will deliver far-reachin...

  • Malcolm Hanney: Myanmar needs to press ahead with its 'Big Bang'

    Much trepidation surrounded the U.K.'s so-called Big Bang in 1986. The deregulation of financial services was a central pillar of Prime Minister Margaret Thatcher's economic reform program. Now, almost 30 years on, Myanmar's Big Bang is underway, but...

  • Frederic Neumann: Developing Asia eyes boom in south-south funding sources

    The world's changing, again. For years, developing countries -- or, in today's parlance, "emerging and frontier markets" -- received the bulk of their external funding from multilateral agencies, such as the World Bank and the Asian Development Bank,...

  • Stephen Grenville: Gloomy Australians underrate the 'lucky country'

    Australians are congenital worriers about their economy, perhaps reflecting the country's history of boom-and-bust cycles. Through a mixture of good luck and competent policy, Australia is now in its 23rd year of recession-free growth, having come th...