Economeister

Singapore's skyline is reflected in a pond on April 27. The country has been among the most successful in implementing measures to avoid falling into a high income trap. © AP

Frederic Neumann

Time to talk about the high income trap

Much is made of the dangers of falling into the middle income trap. But as Japan shows, high income traps are just as problematic, says Frederic Neumann.

  • Nicholas Spiro

    Reprieve for Malaysia as India, Indonesia disappoint

    Investor sentiment towards emerging Asia's economies is in flux and nothing reflects that more acutely than the changing fortunes of Malaysia. In the second half of last year, the region's sole net oil exporter was distinctly out of favour with i...

  • Frederic Neumann

    Will China avoid the middle income trap?

    Size, demographics and a knack for reform will help the country avoid the fate of other promising economies, says Frederic Neumann.

  • Sayuri Kawamura

    No end in sight for BOJ easing

    An exit strategy from quantitative and qualitative easing will be tough to formulate but essential, writes Sayuri Kawamura.

  • Nouriel Roubini

    Dollar joins currency wars

    NEW YORK -- In a world of weak domestic demand in many advanced economies and emerging markets, policymakers have been tempted to boost economic growth and employment by going for export led-growth. This requires a weak currency and conventional and ...

  • Nicholas Spiro

    Caution is the watchword for emerging Asia's central banks

    From a growth standpoint, emerging Asian economies are the envy of their peers in Europe and Latin America. According to the latest forecasts from the International Monetary Fund, the average real gross domestic product growth rate in the develop...

  • Min Lan Tan and Toru Ibayashi

    Japan's 'shareholder revolution' expected to promote buybacks

    Japanese companies are among the world's greatest hoarders. The average listed company holds cash equivalent to about 19% of its market value -- more than twice the 9% level of rivals in the U.S. S&P 500 index. This wastefully large cash cushion ...

  • Sara Hsu

    China need not fear Japanese-style deflation

    Inflation may be slowing, but China has plenty of ways to avoid the deflation trap, says Sara Hsu.

  • Frederic Neumann

    Asia's new economic order

    It is easy to despair at the progress of reform -- or lack thereof -- in Asia. Lofty ambitions forcefully proclaimed in recent years from Japan to India, from China to Indonesia, have yet to be fully implemented, let alone deliver their intended lift...

  • Erik Norland

    Japan likely to return to slow growth in 2015

    The nation's economy cannot surge because of demographic issues, argues Erik Norland.

  • Peter Tasker

    Sumo champion in the bath -- Japan's GPIF changes tack

    Far from being a gamble, the move by Japan's Government Pension Investment Fund to diversify into Japanese stocks is prudent, says Peter Tasker.

  • Frederic Neumann

    More fiscal spending needed in emerging Asia

    Europe is a reminder that public debt can lead to financial headaches. But being overly cautious on spending creates problems, says Frederic Neumann.

  • Carmen M. Reinhart

    Are negative real interest rates the 'new normal'?

    Keeping rates below zero could give debt-saddled countries a much needed hand, says Carmen M. Reinhart.

  • Stephen Grenville

    How much debt is too much?

    The 2008 global financial crisis was a dramatic demonstration that ill-considered debt causes major damage, affecting the entire global economy. If excessive national debt was the key problem around the world seven years ago, what has happened to deb...

  • Nicholas Spiro

    India's prolonged bull run has life in it yet

    Few emerging markets have enjoyed such a dramatic and sustained improvement in investor sentiment as the one experienced by India over the past year or so. The facts speak for themselves. In the last 12 months, Indian equities have surge...

  • Frederic Neumann

    Asia needs to go easy on rate cuts

    Asia is staring at deflation. And central bankers are responding. In recent weeks, officials from India to Australia unexpectedly eased monetary policy. Indonesia is just the latest country to cut interest rates -- a glaring current-account deficit n...

  • Ken Davies

    China's new investment rules: A step forward, but more is needed

    The Chinese authorities are at long last starting to simplify the law on foreign investment in line with recommendations from trading partners and international organizations like the World Bank, the United Nations and the Organization for Economic C...

  • Addressing inequality

    Also sprach Thomas Piketty in Tokyo

    TOKYO -- The Piketty phenomenon has reached Japan, with the French economist's bulky book "Capital in the Twenty-First Century" becoming a best-seller in the country. Thomas Piketty recently sat down with The Nikkei in Tokyo to talk about his book an...

  • Ji Zou

    China's new foreign investment regime will have far-reaching changes

    China's Ministry of Commerce recently released a draft of the Foreign Investment Law that is intended to replace various existing Chinese laws and regulations for foreign investments. If adopted, this will have a far-reaching impact on how foreign ca...

  • Peter Tasker

    Piketty 'live in Japan'

    French "rock star" economist Thomas Piketty recently arrived in Japan to a rousing reception that was the academic equivalent of the frenzy over the Beatles at the Budokan in 1966. His plump features stare out from Japanese newspapers, magazine cover...