Straddling Economics and Politics

Cross-Cutting Issues in Asia, the United States, and the Global Economy

by Charles Wolf, Jr.


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This collection of essays examines the case for and against globalization, the effects of U.S. economic and foreign policy, and numerous issues related to Asian economics and politics. Published in prominent journals and news media between 1996 and 2001, these cross-cutting essays are as relevant today as when they were first written. The author provides remarkable insight into the economic and military directions in which particular countries or regions are moving, and what these movements portend for the future.

Table of Contents

  • Foreword

  • Figures

  • Tables

  • Part I: The Global Economy

  • Chapter 1

    Globalization: Meaning and Measurement

  • Chapter 2

    Globalization: Less Than Meets the Eye

  • Chapter 3

    Financial Crises and the Challenge of "Moral Hazard"

  • Chapter 4

    The Morning After

  • Chapter 5

    Financial Flu Isn't Contagious

  • Chapter 6

    History Hasn't Ended: the Struggle Between Markets and Governments Resumes

  • Chapter 7

    The WTO Controversy: Exaggerated Fears and Unrealistic Hopes

  • Chapter 8

    Economic Facts Point to a Weak Euro

  • Chapter 9

    E Pluribus Incertum Unum

  • Chapter 10

    The Crisis of George Soros

  • Part II: The U.S. Economy and Foreign Policy

  • Chapter 11

    Whether and When to Intervene

  • Chapter 12

    Tax Cuts, Debt Reduction, and "Fairness": Why Tax Reduction Is No More "Unfair" Than Debt Reduction

  • Chapter 13

    False Alarms About the U.S. Trade Deficit

  • Chapter 14

    Two Deficits That Just Don't Matter

    Co-author Walter Wriston

  • Chapter 15

    Taxes, Trade, and Growth

  • Part III: Asian Economics and Politics

  • Chapter 16

    Are "Asian Values" Really That Unique?

  • Chapter 17

    Through a Hazy Crystal Ball: Asia's Economic Outlook, 1997-2020

  • Chapter 18

    Asia in 2015

  • Chapter 19

    The Accumulation of Military Capital in Asia and the United States, 1997-2015

  • Chapter 20

    Too Much Government Control

  • Chapter 21

    The End of Asia's Economic Crisis

  • Chapter 22

    When Good News Isn't Newsworthy

  • Chapter 23

    Asia's Dramatic Recovery

  • Chapter 24

    China After Deng

  • Chapter 25

    Why China's 8 Percent Growth Target Is Not Good News

  • Chapter 26

    China's Devaluation: Whether, When, How Much?

  • Chapter 27

    China's Hierarchs Face a Critical Dilemma

  • Chapter 28

    Communists and Capitalists in China: Who Will Co-Opt Whom?

  • Chapter 29

    China Continues Its Fitful March Toward Capitalism

  • Chapter 30

    One China Three Systems?

  • Chapter 31

    Restarting Cross-Strait Relations: Beyond the Dialogue of the Deaf

    Co-author Jonathan Pollack

  • Chapter 32

    Curing Japan's Economic Malaise

  • Chapter 33

    Long-Term Prospects for Japan

  • Chapter 34

    New Therapies for Japan's Economic Sclerosis

    Co-author Mark Buchman

  • Chapter 35

    Japan's Comfortable Stagnation

  • Chapter 36

    How to Defend Japan While "Engaging" China

  • Chapter 37

    When a Balance of Power Can Be Destabilizing

  • Chapter 38

    Managing the Costs of Korean Reunification- If It Occurs

  • Index

  • Authors

    About the Author

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