Showing 1 - 4 of 4
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.
Human capital development lessons from East Asia
Asia focus, Lee Jong-wha, Published on 18/02/2019
» Nelson Mandela once said, "Education is the most powerful weapon which you can use to change the world." Education does not just enable individuals to improve their lot in life; it enriches an economy's human capital, which is vital to prosperity and social progress.
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?