Seventy years ago, independent India was born. Having shaken off the yoke of the British Empire, the country embarked on what was—and remains—the world’s most radical democratic experiment.
The tragedy of partition was compounded by the economic division of South Asia, an outcome that did not need to accompany the political separation. India’s efforts at regional economic integration will have implications for both peace and development.
Very large persistent surpluses and deficits are almost always the result of distorted policies in one or more countries.
Beijing seems certain to continue using economic leverage for political and strategic ends, but blunt coercion isn’t likely to become routine. It is a tool in an increasingly diverse toolkit.
Reducing America’s persistent trade deficits with China will require addressing thorny structural issues. In the short term, the focus should be on investment-related concerns.
China generates widely varying views on its economic and political prospects. This book is about why there are such differences and why the conventional wisdom is so often wrong.
The upcoming U.S.-China Comprehensive Economic Dialogue will be a meeting characterized by many contrasts.
Brussels and Tokyo are stepping up at a time when Washington is retrenching from its traditional leadership role on global trade issues.
Political and economic trends point to increased protectionist sentiment in the United States and heightened tensions between the United States and China.
The United States is becoming less relevant across Asia, especially with respect to trade and capital flows. On connectivity and transit issues, Washington has been asleep for a long time.