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China needs to eliminate its market contradictions
News, Michael Schuman, Published on 11/01/2016
» Another tumultuous week for China's stock markets has dealt yet another blow to global confidence in Beijing's policy makers. Each tripped circuit-breaker and policy reversal has underscored the inherent contradiction China faces -- between the leadership's desire for the certainty of state control and the benefits of free markets.
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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.
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