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If politicians are serious about improving the lot of Indonesia's poor, they should focus on reforming labor laws that protect formal sector jobs at the expense of nine out of 10 Indonesians who are employed informally.
Risks and uncertainties in Southeast Asia will persist but with little impact on the overall march toward increased prosperity in the region.
China will become more "normal" in 2013, moving away from its unbalanced, unsustainable, and uncoordinated economic structure. However, this will make China more susceptible to business cycles and could undermine its current authoritarian model.
China’s impressive growth record has been facilitated by a unique relationship between Beijing and the provinces that encourages experimentation and incentivizes officials for driving economic growth.
A new report suggests that even under optimistic scenarios, it will be very hard to maintain a high rate of investment in China. The challenge is to find a readjustment strategy that does not lead to a sharp drop in GDP growth.
Even as the currency war between China and the United States recedes, the battle over foreign investment and technology transfer policies will continue to escalate in the coming months.
The United States and China must find ways to cooperate if the rebalance of American policy toward Asia is to succeed.
Both the United States and China are coming out of political transitions to face endemic trade conflicts and domestic structural adjustments.
China and the United States may seem to offer radically different versions of capitalism, but both economies face similar challenges of reducing inequality, improving regulation, and promoting innovation.
While some analysts have quickly hailed new economic data from China as confirmation that the Chinese economy has truly bottomed, such data may represent only temporary lulls.