Straddling Economics and Politics
Cross-Cutting Issues in Asia, the United States, and the Global Economy
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
Part I: The Global Economy
Globalization: Meaning and Measurement
Globalization: Less Than Meets the Eye
Financial Crises and the Challenge of "Moral Hazard"
The Morning After
Financial Flu Isn't Contagious
History Hasn't Ended: the Struggle Between Markets and Governments Resumes
The WTO Controversy: Exaggerated Fears and Unrealistic Hopes
Economic Facts Point to a Weak Euro
E Pluribus Incertum Unum
The Crisis of George Soros
Part II: The U.S. Economy and Foreign Policy
Whether and When to Intervene
Tax Cuts, Debt Reduction, and "Fairness": Why Tax Reduction Is No More "Unfair" Than Debt Reduction
False Alarms About the U.S. Trade Deficit
Two Deficits That Just Don't Matter
Taxes, Trade, and Growth
Part III: Asian Economics and Politics
Are "Asian Values" Really That Unique?
Through a Hazy Crystal Ball: Asia's Economic Outlook, 1997-2020
Asia in 2015
The Accumulation of Military Capital in Asia and the United States, 1997-2015
Too Much Government Control
The End of Asia's Economic Crisis
When Good News Isn't Newsworthy
Asia's Dramatic Recovery
China After Deng
Why China's 8 Percent Growth Target Is Not Good News
China's Devaluation: Whether, When, How Much?
China's Hierarchs Face a Critical Dilemma
Communists and Capitalists in China: Who Will Co-Opt Whom?
China Continues Its Fitful March Toward Capitalism
One China Three Systems?
Restarting Cross-Strait Relations: Beyond the Dialogue of the Deaf
Curing Japan's Economic Malaise
Long-Term Prospects for Japan
New Therapies for Japan's Economic Sclerosis
Japan's Comfortable Stagnation
How to Defend Japan While "Engaging" China
When a Balance of Power Can Be Destabilizing
Managing the Costs of Korean Reunification- If It Occurs
About the Author