Asia Pacific

  • Cambodia ranks near the bottom of a new rule of law index.

    Cambodia Needs to Reverse its Race to the Bottom on Rule of Law

    When the World Justice Project published its rule of law index last year, Cambodia came in at 99 out of 102 countries surveyed, ahead of only Afghanistan, Venezuela and Zimbabwe. This ranks Cambodia lower than any of its ASEAN peers — even Myanmar achieved better scores.

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  • India's Modi promised job creation and job seekers are still waiting.

    India's Job Creation Data not Reflective of Good Times

    Prime Minister Narendra Modi’s promise of ‘good days’ that underpinned his 2013 election campaign is premised on moving India away from its dole-and-entitlement development model to one that empowers youth by generating large-scale employment. In that context, recently released employment figures from the country’s Labour Bureau are alarming.

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  • An important question is whether the Chinese economy is still mostly planned.

    China's Economy: Mostly Planned or Mostly Market

    There is a recurring question on the nature of China’s economy — is it mostly planned or mostly market? This question has become more concrete this year as China’s partners are scheduled to decide on whether or not to grant China ‘market economy status’. If adopted, this would limit WTO-compatible trade remedies.

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  • Abenomics is failing, but Japan seems to not be in a panic.

    Japan is Aging and Shrinking, but there are Little Signs of Panic

    The population of Japan peaked in 2008 at 128 million. With the fertility rate — or births per woman — falling below 1.5 at the beginning of the 1990s and falling as low as 1.29 in 2004, the population is shrinking rapidly. Already Japan has one million people fewer than in 2008. The government aims to keep the population above 100 million by 2060.

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  • India's higher education is in need of reforms to tackle youth unemployment.

    Combating India's High Youth Unemployment through Education Reform

    The Jat reservation agitation has caused considerable social and economic trauma in India, especially in the national capital region around New Delhi. The agitation began as a series of protests in Haryana in February 2016 by the Jat people who were seeking to be included in the list of so-called Backward Classes, which would entitle them to certain affirmative action policies.

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  • Kazakhstan's major challenge is managing its public finances.

    Kazakhstan's Doing Well, now about those Public Finances

    As a highly globally integrated, resource-rich, upper-middle income country, Kazakhstan has been facing significant challenges in the current global environment. Kazakhstan’s major challenges include managing its public finances to preserve fiscal stability and generating broad-based economic growth.

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  • India is dragging its feet on concluding outstanding trade strategies.

    India is Giving its Trade Strategies a Rethink

    India’s approach in negotiating regional and bilateral free trade agreements (FTAs) is again in sharp focus. Concern is rising over long delays in concluding a number of major agreements of which India is a part. Foremost among these is the Regional Comprehensive Economic Partnership (RCEP) involving the 10 ASEAN economies, Australia, China, India, Japan, South Korea and New Zealand.

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  • China could be the world's advanced manufacturing leader.

    Beware Chinese Innovation

    As advanced manufacturing is about to accelerate in China, the rules of economic development could change across the world. About a year ago, China’s State Council unveiled a national plan, “Made in China 2025,” which seeks to upgrade China’s manufacturing base. The ultimate objective is to transform China into the leading global manufacturing power by 2049.

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