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Donald LowSouth China Morning Post |
Despite early success, Thailand’s growth has stagnated – as flashy developments siphon resources away from innovation and productivity.
Early land reform reduced income and wealth inequality, allowing South Korea to later focus on manufacturing and innovation to boost growth.
Policymakers can ill afford to dither or send mixed signals in their efforts to rejuvenate the economy. The immediate danger facing China today is...
If Chinese workers were to make less and buy more, other countries could grow faster and so buy more solar panels, electric vehicles, and other...
City needs to rethink economic role to show it can still be relevant
Debt financing is more efficient and equitable, with cutting spending and raising taxes unpalatable given the city’s current sluggish growth.
Hong Kong’s superconnector status has not enabled its economy to outperform other rival Asian hubs such as Singapore.
Keeping an open mind about the goods and services tax would serve Hong Kong better than assuming its people are ‘exceptionally implacable’.
Without such diversity, Chinese policymakers could be blindsided by the biases of optimism, overconfidence, and omission.
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