In most economies, GDP growth is a measure of economic output generated by the performance of the underlying economy. In China, however, Beijing sets annual GDP growth targets it expects to meet. Turning GDP growth into an economic input, rather than an output, radically changes its meaning and interpretation.
The United States has to address its role in absorbing global capital if it wants to resolve trade deficits.
The continued poor performance of the Tunisian economy and the popular discontent might undermine grassroots trust in democracy across the region.
Four years after recording the first episode of the podcast, U.S. former national security advisor Stephen Hadley joined Paul Haenle again on the 100th episode to discuss how U.S. foreign policy has adapted to new realities in the bilateral relationship amidst a shifting global order.
In 2018 Japan continues to face both domestic and international issues of critical importance. Meanwhile, the U.S.-Japan alliance remains solid as energy trade becomes an important new area of bilateral cooperation.
China must force through a deleveraging process to overcome local barriers and restrain its crushing debt.
President Trump’s policies have called into question the United States’ role in the world while China’s economic and political clout grows. What is the future of the U.S.-led order and the implications of a rising China?
Russian banking system needs a supervisory authority independent of the central bank. Retail banks should be prohibited from investing in non-liquid assets, while the liquid securities market should be saved for investors
A January 2018 Bloomberg article suggests that Chinese officials may reduce their purchases of U.S. government bonds. It is very unlikely that China can do so in any meaningful way because doing so would almost certainly be costly for Beijing. And even if China took this step, it would have either no impact or a positive impact on the U.S. economy.
The United States and India are on the cusp of translating a shared vision for the Indo-Pacific into tangible cooperation. Defense trade could prove an important catalyst.