Trade and Economics
Trade and Economics
- NewsletterApr 14, 2014
India’s national election commenced on April 7, running until May 12. On May 16, the results will be announced. While it certainly appears the opposition Bharatiya Janata Party (BJP) is likely to win the most seats and be in a good position to form the next government, nothing is certain in Indian politics. Irrespective of who wins, there will be a dramatic leadership change.
- NewsletterBy Matthew P. Goodman, David A. ParkerApr 14, 2014
After 30 years of spectacular growth, has China hit a wall? Certainly the country’s old growth model seems to be running out of steam: labor is no longer cheap, debt is rising at an alarming pace, and exports can no longer be the leading driver of growth.
- NewsletterBy Scott MillerApr 9, 2014
The “rule of law” is important, but it often is taken for granted. In the marketplace, rule of law is like oxygen: it’s difficult to see, but you can’t survive without it. Investment chapters of U.S. free trade agreements, which govern investment rules, have been a topic of controversy since the North American Free Trade Agreement (NAFTA) first included bilateral investment treaty (BIT) provisions as a trade agreement chapter.
- CommentaryApr 3, 2014
On March 30, the Philippines submitted a memorial detailing its arguments and evidence against China’s nine-dash line and other aspects of Beijing’s South China Sea claims to an arbitration tribunal at The Hague. The 10-volume, nearly 4,000-page document marks a bold step by Manila, and one that Beijing seems to have believed never would actually happen.
- ReportBy Rasika GynediApr 1, 2014
Asset quality in India’s banks has deteriorated sharply and if not tackled promptly poses a systemic risk to the banking system—and by extension the Indian economy. A high proportion of nonperforming assets (NPAs) steadily erodes the capital base of a bank, impinging on the ability of banks to raise fresh capital and continue lending for investment activities.
- CommentaryApr 1, 2014
Barack Obama has described himself as America’s first Pacific president.
- CommentaryBy Scott Miller, Greg HicksMar 20, 2014
In a February 28 letter to U.S.
- NewsletterMar 20, 2014
Even as doubts grow about Prime Minister Shinzo Abe’s continued commitment to economic reform in Japan, “Abenomics” may suffer another blow on April 1, when the nation’s consumption tax rises from 5 to 8 percent. Critics warn that the tax hike could once again nip Japan’s recovery in the bud, much as the last increase in 1997 is widely viewed to have done.
- CommentaryMar 10, 2014
On March 4, the Defense Department released overviews of its proposed budget for Fiscal Year 2015 (FY15). This is a budget which on one hand complies with the revised Budget Control Act caps for FY15 ($496 billion in base budget spending) and on the other hand tries to illustrate the pain of living under those caps.
- CommentaryMar 6, 2014
The tone and substance of President Barack Obama’s historic visit to Malaysia in late April will have lasting impact not only on an important bilateral relationship, but on U.S. relations with the Association of Southeast Asian Nations (ASEAN) and many countries across the Indo-Pacific. The visit, although short, is long overdue.