The United States and Taiwan enjoy a strong friendship based on enduring historical ties and shared cultural values. People-to-people exchanges offer the most immediate and impactful way for ordinary American and Taiwanese people to learn about and from each other.
Policies that increase income inequality can in some cases lead to higher savings, higher investment, and greater long-term growth. But, in other cases, such policies either reduce growth and increase unemployment or force up the debt burden. What determines which of these outcomes takes place is whether or not savings are scarce and have constrained investment.
Charting India’s uneasy relationship with China since the 1962 War and New Delhi’s burgeoning strategic realignment.
Whether regulators can succeed in reining in credit creation this time is ultimately a political question, and depends on the central government’s ability to force through necessary reforms.
A number of Chinese companies are trying to shore up their stock prices with programs that encourage employees to buy shares and ensuring them against losses. These programs have implications about leverage in China and about the way losses may be distributed within the banking system.
Authoritative and non-authoritative Chinese commentaries on the Trump administration’s foreign policy have tended to avoid making hostile remarks in response to some notable U.S. provocations.
At best, India can be a useful ally to the Afghan government. It cannot—and does not pretend to— be a substitute for the United States.
A nuclear accident at North Korea’s Yongbyon Facility could leave Japan vulnerable to airborne radioactive fallout, requiring Japan to cooperate with North Korea and other nations to manage disaster.
In a recent much-remarked-upon and very short op-ed, George P. Shultz and Martin Feldstein argue that the only way, or at least the best way, to cut the U.S. trade deficit is for Washington to cut the U.S. fiscal deficit. It is at least as likely, however, that cutting the fiscal deficit will simply increase debt or increase unemployment.
With the One Belt, One Road (OBOR) Initiative signaling China’s more activist, assertive regional economic development and security policies, the United States must develop a post-TPP strategy to engage with China and the Asia-Pacific region.
This Chinese-language monthly offers objective and original policy analysis on China for American and Chinese researchers and policymakers.
The Carnegie Asia Program in Beijing and Washington provides clear and precise analysis to policy makers on the complex economic, security, and political developments in the Asia-Pacific region.