Showing 1 - 5 of 5
How to prevent economic Japanification
Asia focus, Lee Jong-wha, Published on 10/02/2020
» At the annual meeting of the American Economic Association last month, eminent economists warned that Western economies risked "Japanification": a future of sluggish growth, low inflation and perpetually low interest rates. Surprising as it may seem, this malaise also threatens East Asia.
How Asia can tackle US trade wars
News, Lee Jong-wha, Published on 02/04/2018
» Over the past five decades or so, Asia's economies have relied largely on an export-oriented development model to support rapid economic transformation and growth. But with US President Donald Trump fulfilling his promise to adopt a more protectionist approach to trade -- an effort that could spur retaliatory measures by other countries -- that model is coming under increasing strain.
How slow will China go? Its neighbours offer valuable clues
Business, Lee Jong-wha, Published on 25/07/2016
» China's economic performance over the last few decades has been outstanding. Despite possessing very different institutions than those seen in the advanced economies, no doubt a result of its communist system, China managed to achieve 8.7% average annual per capita GDP growth from 1980 to 2015. The key has been its unique strategy of "crossing the river by feeling the stones," whereby it has gradually tested, implemented, and adjusted reforms and growth-enhancing policies.
Maintaining the Emerging Economy Growth Engine
Business, Lee Jong-wha, Published on 21/03/2016
» The world's emerging economies seem to be losing their dynamism. Countries that only a few years ago were being hailed for their resilience in the face of a global economic meltdown are now facing myriad challenges, reflected in significantly slower GDP growth. Is the emerging economy growth engine breaking down?
Greece should take comfort from Asia's recovery
News, Lee Jong-wha, Published on 18/07/2015
» Asian countries have been watching the Greek crisis unfold with a mixture of envy and schadenfreude. When they experienced their own financial crisis in 1997, they received far less aid, with far harsher conditions. But their recovery was also stronger, suggesting that ever-growing bailouts may not be the best prescription for recovery.