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November 22, 2024
 

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Michael Spence
COMMENTARY / World
Feb 25, 2013
Pay attention to the resiliency of public assets
As a long-term priority, developed countries must build public assets to have the resilience and flexibility to respond to structural change over time.
COMMENTARY / World
Sep 26, 2012
Hard truths about global growth
The world's high-income countries are in economic trouble, mostly related to growth and employment, and now their distress is spilling over to developing economies. What factors underlie today's problems, and how appropriate are the likely policy responses?
COMMENTARY / World
Aug 28, 2012
Why is government policymaking paralyzed?
It is no secret that the global economy is struggling. Europe is in the midst of a crisis whose root cause is a structurally flawed monetary and economic union.
COMMENTARY / World
Jun 26, 2012
Clarity in the conflict of austerity versus growth
It seemed clear that Germany (or at least this rather large gathering of government, business, and labor leaders) remains committed to the euro and to deeper European integration, and recognizes that success will require Europe-wide burden-sharing to overcome the ongoing eurozone crisis. The reforms...
COMMENTARY / World
May 28, 2012
Why do economies stop growing?
Over the years, advanced and developing countries have experimented, sometimes deliberately and frequently inadvertently, with a variety of approaches to growth. Unfortunately, many of these strategies have turned out to have built-in limitations or decelerators — what one might call elements of unsustainability....
COMMENTARY / World
Apr 26, 2012
Reinventing the Sino-U.S. relationship
China and the United States are in the grip of major structural changes that both dread will end the halcyon era when China produced low-cost goods and the U.S. bought them. In particular, many fear that if these changes lead to direct competition between the two countries, only one side can win.
COMMENTARY / World
Dec 27, 2011
Exchange-rate delusion distracts America from need to restore productivity, trade links
If one looks at the trade patterns of the global economy's two biggest players, two facts leap out:
COMMENTARY / World
Nov 25, 2011
Keeping the eurozone intact
As the economist Mario Monti's new government takes office in Italy, much is at stake — for the country, for Europe and for the global economy.
COMMENTARY / World
Oct 3, 2011
Greater growth with lower domestic demand
As the American economy continues to sputter three years after the global financial crisis erupted, one thing has become clear: The United States cannot generate higher rates of growth in gross domestic product and employment without a change in the mix of the economy's domestic and export-oriented components....
COMMENTARY / World
Jun 7, 2011
A new, sustainable growth model for Asia
Led by Asia, the share of the global economy held by emerging markets has risen steadily over recent decades. For the countries of Asia — especially China and India — sustainable growth is no longer part of a global challenge. Instead, it has become a national growth-strategy issue.
COMMENTARY / World
Feb 22, 2011
Expanding the scope of the export sector
NEW YORK — Since the end of World War II, the global economy's trade and financial openness has increased, thanks to institutions like the International Monetary Fund and successive rounds of liberalization, starting with the General Agreement on Tariffs and Trade in 1947.
COMMENTARY / World
Jan 19, 2011
Global economy: five steps forward in 2011
MILAN — The worst of the financial/economic crisis seems to be over. Asset markets performed reasonably well in 2010. Growth in the United States and parts of Europe returned. Private-sector deleveraging continued, but was counterbalanced by rising public-sector deficits and debt. And emerging-market...
COMMENTARY / World
Nov 17, 2010
Fixing the U.S. economy
NEW YORK — For many, if not most, Americans, the crisis that befell them in 2008 — leading to slow growth, rising unemployment and high anxiety among voters — appeared to spring from nowhere. Certainly, the vast majority of economists, investment analysts, financial firms and regulators failed...
COMMENTARY / World
Oct 25, 2010
White House magic at halftime
NEW YORK — In September 2008, the global economy and financial system was hit by an earthquake, whose epicenter was in the United States. It was the end of the Bush administration. The presidential election was two months away. The timing, from the point of view of crisis management, could not have...
COMMENTARY / World
Oct 20, 2008
From distress to effective global governance
STANFORD, Calif. — The current credit crisis has led to scaled-back projections for growth around the world. Governments and central banks are responding to damaged balance sheets and credit lockups in an attempt to limit extreme harm to their economies outside the financial sector.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
By Kathryn Wortley

SUSTAINABLE JAPAN

SWCC keeps changing with keyword ‘new challenges’
SWCC keeps changing with keyword ‘new challenges’

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