Britain: a nation in decay | Ha-Joon Chang
David Cameron's speech on the economy this week, and the reactions to it, have again confirmed that the British debate on economic policy is getting nowhere. The coalition government keeps repeating that it has to cut spending in order to cut deficits, no matter what. The opposition has been at pains to explain – as a teacher may do to a particularly slow or obstinate child – that trying to cut de
Now for the soft part
Now for the soft partThe heyday of “factory Asia” may be ending sooner than anyone thought PARK JAE-SANG has shown the way forward. The South Korean rapper, known as PSY, this week topped the pop charts in Britain and lay second in America. His gloriously inane video, “Gangnam Style” (with some 350m online viewings so far), has proved that Asia’s economic powerhouses can lead the world in exportin
No More Growth Miracles | by Dani Rodrik - Project Syndicate
A year ago, economic analysts were giddy with optimism about the prospects for economic growth around the developing world. Today, optimism has given way to doubt, and there is good reason to believe that growth will remain slow and difficult at best. CAMBRIDGE – A year ago, economic analysts were giddy with optimism about the prospects for economic growth in the developing world. In contrast to t
世界恐慌の危機：日本の教訓
（英エコノミスト誌 2012年8月4日号） 5年に及ぶ危機を経て、ユーロ圏は日本流の経済停滞に陥る恐れがある。 今から5年前、状況はバラ色に見えた。2007年8月第1週の投資家と主要中央銀行による予測は、欧米諸国の成長率が2～3％になると見ていた。 だが、2007年8月9日にすべてが一変した。フランスの銀行BNPパリバが、サブプライムローン関連投資で巨額損失が発生したと発表。同じ日、欧州中央銀行（ECB）は950億ユーロ（当時のレートで1300億ドル）の緊急資金供給を余儀なくされた。危機が始まったのだ。 最初の1年間、政策立案者は参考のために日本に目を向けた。いや、むしろ悪しき例として見たと言った方がいいかもしれない。 「失われた10年」から得た3つの教訓 日本の債務バブルは1991～2001年の「失われた10年」を引き起こした。アナリストは一般に、3つの教訓を引き出した。 日本流の経済停
In Pursuit of Nissan, a Jobs Lesson for the Tech Industry? (Published 2012)
Workers assemble cars on the trim line at the Nissan manufacturing plant in Smyrna, Tenn., in June.Credit...Josh Anderson for The New York Times SMYRNA, Tenn. — The dairy farms that once draped the countryside here were paved over so the Japanese carmaker Nissan could build its first American assembly plant. Eighty miles to the south, another green pasture was replaced by a Nissan engine factory,
Declining as a Manufacturer, Japan Weighs Reinvention (Published 2012)
Declining as a Manufacturer, Japan Weighs Reinvention A casting factory in Higashiosaka, Japan, a city feeling an economic pinch as goods are made more cheaply elsewhere.Credit...Shiho Fukada for The New York Times AMAGASAKI, Japan — A few years ago, the densely built-up coastal region around this port was called Panel Bay because of its concentration of factories making the sophisticated flat-pan
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‘Fragile Five’ falls short as tapering leaves more exposed - FT.com
This will be a crunch year for the Japanese economy
Default Threat Generates Fear Around Globe (Published 2013)
Muted Fears of Contagion as Asian Currencies Fall (Published 2013)
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The Zero Bound
Peaks, Troughs, and Crisis
Vicious cycle of economic inequality
The End of the Asian Miracle
BBC World Service - Global Business, Two Views of Japan
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Europe Jobless, America Penniless?
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Keeping Up With the Slightly Richer Neighbors (Published 2012)