In most emerging-market economies in East Asia, domestic economic, political, and social pressures push governments in the direction of a relatively inflexible exchange rate and freer capital inflows. This is a bad combination. Exchange rate stability and predictability would be a boon to commerce and finance. But achieving it is easier said than done.
Four leading China-Taiwan experts discuss political, diplomatic, and security implications of the second Chen Shui-bian administration.
Michael Swaine evaluates the presidential and legislative elections in Taiwan, and their implications for cross-strait relations and U.S.-Taiwan relations.
Pulitzer prize winning journalist, Ian Johnson, explored the evolution of China's nascent civil society with a medium-sized audience at Carnegie.
The political progress in Taiwan and Hong Kong is good news. Ever since Taiwan began its transition to democracy in the late 1980s, optimists have hoped that its opening would serve as a shining beacon for the mainland. But only democratization within China can transform the country.