Economics and Globalization

Nothing Miraculous about It: China's Economic Growth and Great Wall of Debt

The Chinese economy is extraordinarily difficult to understand, for foreign and Chinese observers alike. Within the same prestigious financial papers, on the same day, readers are informed that China is an unstoppable economic juggernaut and that it is headed for the netherworld in handbaskets of corruption, pollution, and mismanagement.

The Tragedy of the Working Poor and the Populism of Russia’s Presidential Campaign

The State Duma has unanimously moved to increase Russia’s minimum wage to bring it up to date with the minimum cost of living in Russia as calculated by the country’s statistics bureau. The bill, long in the making, was spearheaded by President Vladimir Putin, who is seeking reelection to a fourth term in March. The official subsistence minimum was about 11,000 rubles ($190) per month in 2017, while the minimum wage was 9,500 rubles (less than $140).

Building a Partnership with Mexico, A Presentation by E. Anthony Wayne

Potential Costs of Withdrawing from NAFTA: Presentation by E. Anthony Wayne

(In San Francisco) China’s Rapid Rise as a Green Finance Champion

The Year of the Dog marks China’s fourth year in its “war on pollution” and the central government continues to ramp up laws and regulations to reverse damage to the country’s air, water, and soil. To build Xi Jinping’s ecological civilization, China will need to invest nearly 3-4 trillion RMB each year to improve pollution enforcement and expand pollution control, clean energy, and energy efficiency industries.

U.S. Trade Policy in Northeast Asia

Economic openness and globalization are seen to hurt U.S. jobs and industrial competitiveness, according to the ideas supporting the White House’s “America First” policy. The Trump administration views trade surpluses as evidence of winning in the global economy and deficits as proof of losing out. As such, the goal for bilateral trade deals should be to reduce the U.S. trade deficit with key trading partners, most notably in Northeast Asia.

The Asian Financial Crisis, 20 Years On

Over two decades have passed since what started as a currency issue in a Thailand quickly spiraled into a financial crisis that enveloped over a dozen countries in Asia.  Through years of concerted intervention by both governments and commercial interests, including the International Monetary Fund, the region was stabilized. Asia is now the world’s most economically dynamic region.  But are Asian nations prepared for another crisis, and what lies ahead for the global economy? 

Ukraine’s Strategic Challenges in 2018

Almost four years after the change in government as a result of the Euromaidan, the annexation of Crimea, and the onset of war with Russian-backed separatists, Ukraine enters 2018 facing five strategic challenges.