Author: Shiro Armstrong

Last week in a seminar given by a Japanese economist on profit shifting within Japanese corporate groupings, a Chinese economist was seriously puzzled and asked “if the firm is not making a profit, why doesn’t it shut down?”. To this the Japanese economist answered “well, it is not socially desirable because of the loss of jobs etc”. Capitalist China and socialist Japan…

Meanwhile, Sam Roggeveen over at the Lowy’s Interpreter blog agrees with Peter Drysdale in the ongoing exchagne with Hugh White which now spans both the EAF and the Interpreter blogs. Hadi Soesastro and Andrew Elek, two experts on regional architecture with extensive experience, have written their views on PM Rudd’s call for an Asia Pacific Community earlier here and here.