ASEAN and a new Asian geo-politics

ASEAN member state economic leaders pose for a group photo at the opening ceremony for the 47th ASEAN Economic Ministers meeting in Kuala Lumpur on 22 August 2015. (Photo: AAP)

Author: Peter Drysdale, East Asia Forum

Asia has a share in world output that already matches that of North America or Europe. On conservative growth projections, China’s economy could well be bigger than the sum of all the G7 economies in real terms within the next decade. China became bigger than Japan in real terms 20 years ago and is now bigger than Japan in nominal terms, although it is still, of course, a much poorer country in terms of per capita income. Read more…

The geo-economic potential of the China–Japan relationship

Political tensions and security rivalry dominate discussion about the relations between China and Japan. (Photo: AAP)

Author: Peter Drysdale, East Asia Forum

China and Japan already together account for more than a fifth of global output, bigger than the share held by the United States or that of Europe. Over three-quarters of that, of course, is generated in mainland China but, contrary to widely held perceptions, the China–Japan economic partnership is one of the biggest in the world. Read more…

Abe bites the security bullet

People hold placards to protest against Japan's Prime Minister Shinzo Abe's controversial security bills near the National Diet in Tokyo on 19 September 2015. (Photo: AAP)

Author: Peter Drysdale, East Asia Forum

As the Japanese Diet moved to secure passage of the Abe government’s new security bills early Saturday morning, disquiet about what this might mean for Japan’s place in the world appears to continue unabated among the Japanese people. Abe’s legislative success has not been matched by an ability to persuade the majority of the electorate to get behind the new laws. Read more…

Indonesia tries to steady its economic wobbles

Indonesia has the 10th largest economy in the world, according to a recent report by the World Bank, with the country contributing 2.3 per cent of global economic output. (Photo: AAP)

Author: Peter Drysdale, East Asia Forum

With economic uncertainty in China in the spotlight over the past few weeks, Indonesia’s economic wobbles have escaped the scrutiny abroad that they are now demanding at home.

Less than half a decade ago, Indonesia was still riding the China boom. Read more…

Fragility in Southeast Asian democracy

Singapore Prime Minister and Secretary General of the ruling People's Action Party Lee Hsien Loong gestures while delivering his speech during a political rally at the opposition constituency of Aljunied in Singapore, 04 September 2015. (Photo: AAP)

Author: Peter Drysdale, East Asia Forum

Democracy in some of Southeast Asia’s major economies is now under intense scrutiny.

In Thailand, the imposition of martial law has been a major source of international economic and diplomatic problems for more than a year. Read more…

Asia’s strategic weight

Indian Prime Minister Narendra Modi speaks at the India-China Business Forum in Shanghai, China, 16 May 2015. (Photo: AAP)

Author: Peter Drysdale, East Asia Forum

Their sheer size and growth potential mean that China and India will be at the centre of the Asian economic powerhouse over the coming decades, however well it performs. Over the past two decades, the two countries have already more than tripled their share of the global economy. Adjusted for purchasing power parity (PPP), the Indian economy is now roughly the size of Japan’s. In PPP terms, China’s economy is already nudging that of the United States. Read more…

Back to the future in managing the Chinese economy?

China's central bank raised the value of the yuan against the US dollar by 0.05 per cent, the national foreign exchange market said, ending three days of falls after a surprise devaluation. (Photo: AAP)

Author: Peter Drysdale, East Asia Forum

Those in the international policy community whose professional responsibility it is to keep abreast of political developments in China have been in a tizz over the past few weeks about the prospects of a return to the command economy. This might seem strange to the economic observer. The most vibrant part of the second largest market economy in the world, generating around two thirds of its industrial product, is its private sector. Read more…