The Obama administration plans to restrain Chinese belligerence by reinforcing U.S. military and diplomatic links to the Asia-Pacific. However, in order to avoid further Chinese resistance to its policies, the U.S. must look for possible avenues of cooperation with the country.
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Over the past several years, the most talked-about trend in the global economy has been the so-called rise of the rest, which saw the economies of many developing countries swiftly converging with those of their more developed peers. The primary Read more
There’s been much talk about the “the rise of the rest,” with Brazil, Russia, India, and China leading the charge. However, few countries can sustain unusually fast growth for a decade, and even fewer, for more than that. As the boom years begin to end, the international order won’t change as much as expected.
China's legal system is more formalized and better functioning than many realize. Still, given the Chinese Communist Party's lock on judicial power, the country still has work to do.
Jeffrey D. Sachs argues that the mono-causal analysis of the book, 'Why Nations Fail,’ – that economic development hinges on a country’s political institutions – ignores important factors (such as geography) that can also affect growth.
The Japanese purchase of the Diaoyu Islands is bound to have a negative impact on China-Japan relations. If these tensions in the East China Sea persist, regional business ties and especially China-Japan economies ties - a whopping $345 billion in two-way trade - will take a hit.
Since weak demand is at the heart of the recession, governments need to enact stimulus programs along with structural reforms, argues Menzie Chinn. Structural reforms don’t always work out, writes Karl Smith. Raghuram Rajan demurs.
Until now, the U.S.-China policy has been driven by a blend of engagement and balancing. The Obama administration’s concentration on ‘engagement’ has done nothing to halt Beijing’s military build-up. The next administration should work towards bolstering the ‘balancing’ half of Washington’s strategic equation.
With the introduction of new legal entities, domestic and foreign investors can now co-invest in one enterprise. The 25 % corporate income tax has theoretically been eliminated, therefore offering the prospect of substantial tax savings.
Just a few years ago, India seemed on the brink of becoming the world's next great power. Today, its future appears less certain. Although some have blamed the global economic recession, the real problem is domestic - namely, the centralized, secretive and arbitrary political culture that pervades New Delhi.