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AI as Asia's new growth engine?
Oped, Lee Jong-wha, Published on 27/11/2025
» Two decades after globalisation fuelled a global economic boom, growth has shifted onto a more subdued path, where it is likely to remain for the foreseeable future. Beyond the immediate shock of fragmenting trade and investment ties -- a result of rising geopolitical tensions, particularly between the United States and China -- lie structural headwinds, including population ageing, stagnant productivity, and the growing costs of inequality and natural disaster. These challenges strike at the heart of Asia's growth model.
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.