Showing 11-20 of 24 results


    US cannot win a trade war by itself

    News, Michael Schuman, Published on 22/03/2018

    » As US President Donald Trump prepares a wide-ranging package of tariffs and investment restrictions targeted at China, a trade war between the world's two most important economies looks unavoidable. On the face of it, the US might seem to have the leverage it needs to win. Since it runs a huge trade deficit with China, the Chinese have a lot more to lose.


    Turning communists into capitalists

    News, Michael Schuman, Published on 03/10/2017

    » As it heads into a major leadership transition, China is attempting a strange breed of corporate reform. Rather than privatising state-owned enterprises outright, the government is testing whether selling minority stakes to private investors may improve their performance.


    South Korea's president tries to rescue liberalism

    News, Michael Schuman, Published on 27/09/2017

    » While much of the world's attention is fixated on North Korea and its nuclear ambitions, something with the potential to be equally globe-rattling is taking place, generally unnoticed, in South Korea. There, new President Moon Jae-in is charting an entirely contrary course in economic policy than much of the rest of the developed world. If successful, the experiment could alter how governments tackle the most challenging problems of our day.


    South Korea has some lessons Trump should heed

    News, Michael Schuman, Published on 13/09/2017

    » Advisers seem to have convinced US President Donald Trump not to trash the country's free-trade agreement with South Korea -- for now. Mr Trump himself still seems intent on extracting concessions from the Koreans and could yet withdraw from the deal. The irony is that, more than any other, South Korea's own story shows how foolish that would be.


    South Korea's next leader must focus on growth

    News, Michael Schuman, Published on 10/05/2017

    » So much attention is being lavished on the nuclear-edged tantrums of Kim Jong-un in North Korea that the presidential election on the southern half of the Korean peninsula has gone practically unnoticed. But the outcome may be nearly as critical for the region's future as the fate of Mr Kim's weapons programme.


    China takes enlightened approach to technology

    News, Michael Schuman, Published on 28/04/2017

    » Amazon's Jeff Bezos has made a career of being first in e-commerce. But in one critical area, he's falling behind -- thanks to Washington. While Mr Bezos has been eager to deliver orders to customers in the United States with drones, Amazon's efforts have so far been stymied by outdated regulations.


    Zombie firms threaten Asia's future

    News, Michael Schuman, Published on 04/04/2017

    » Any horror aficionado knows that the only good zombie is a dead zombie. Don't risk trying to bring one back to life. It'll just come back to bite you.


    Trump and Xi could well break the global system

    News, Michael Schuman, Published on 07/04/2017

    » The world's two most powerful leaders appear to come from different planets. Real estate billionaire Donald Trump craves media attention, loves golf and governs through Twitter. Communist Party boss Xi Jinping evades the public, shutters golf courses and bans Twitter. Sure, at their first meeting at Mr Trump's Florida club this week, the two men may discover some mutual interests -- say, a shared contempt for The New York Times. But they seem unlikely to hit it off.


    Asia's strongmen not strong enough

    News, Michael Schuman, Published on 21/02/2017

    » Across Asia, the world has supposedly been witnessing the return of the strongman. Chinese President Xi Jinping has been grasping more and more control in his own hands since claiming power in 2012. Two years later, Prime Minister Narendra Modi in India and President Joko Widodo (known as "Jokowi") in Indonesia won office by selling themselves as forceful economic and political reformers. All three were heralded as the firm hands these giant developing nations needed to rejuvenate their promising but troubled economies.


    Anti-trade policies would make the poor poorer

    News, Michael Schuman, Published on 25/01/2017

    » Without question, the most exciting economic story of the past half century has been the dramatic, and probably unprecedented, decline in global poverty. In a recent study, the World Bank estimated that in 2015, just over 700 million people remained trapped in desperate poverty, or 9.6% of the world's population. Those sound like big numbers until you compare them to 1990, when nearly two billion people languished in poverty -- a staggering 37% of the global populace. Such progress has raised the real possibility that extreme poverty can be eradicated in the not-too-distant future.

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