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In an increasingly globalized gas market, what happens in Europe will have broad implications for global energy markets and how gas markets evolve is also essential for energy security and meeting carbon emission targets.
While China needs to revalue its currency to increase household income, it should do so gradually to avoid devastating its economy and hurting exporters and consumers alike.
European policy makers need to respond to the Great Recession and subsequent debt crisis with far-reaching structural reforms in order to ensure that today’s downturn does not devolve into long-term slow growth and deflationary trends.
High investment rates have driven China's rapid growth in both GDP and consumption, but it is unclear whether such a strategy is sustainable in the long run.
Understanding that the renminbi became undervalued because of expansionary monetary policy in the United States in 2003 helps explain why Chinese economists and political leaders have a differerent interpretation of the currency issue than Americans.
China will likely expand access to cheap credit even as it revalues its currency in the coming months, counterbalancing the effects of revaluation and further exacerbating China's economic imbalances.
China’s quick recovery from the Great Recession has raised questions about its role in the world economy and its relationship with the United States, where economic growth has been slow to return.
This volume provides an integrated perspective on the major issues that influence stability in Strategic Asia. Leading experts examine Asia’s performance in nine key functional areas to provide a continent-wide net assessment of the core trends and issues affecting the region.
Pending U.S. Congressional legislation that targets China’s currency policies is evidence of a broader trend toward protectionism, as countries seek to bolster domestic employment while avoiding the consequences of trade retaliation.
If countries with large trade surpluses weaken their currency, countries with large trade deficits are likely to retaliate through reciprocal currency manipulation or trade tariffs.
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