Asia’s next growth frontier

A crane vehicle stacks up containers at the Port of Rizhao in Rizhao city, east China's Shandong province, 28 February 2016. Lifting Asian growth will require a deepening of regional economic integration and cooperative commitment to the reforms. (Photo: AAP).

Author: Peter Drysdale, ANU

The steady state in the Asian region is growth and dynamism that requires continuous structural change and adjustment. The trajectory of China’s potential rate of growth is certainly 2 or 3 percentage points lower than it was a decade ago, but even at around 6 per cent over the coming decade the massive Chinese economy can still grow at two to three times the rate of the world economy as a whole. Read more…

ASEAN integration can keep region above US–China fray

US President Barack Obama greets Vietnamese Prime Minister Nguyen Tan Dung at the meeting with ASEAN leaders at the Annenberg Retreat, Sunnylands, California, in February 2016. ASEAN nations can profit from separate US and Chinese efforts to ‘win friends and influence people. (Photo: AAP).

Author: Wing Thye Woo, Jeffrey Cheah Institute, University of California, Davis, and Fudan University.

Many features of the US–Soviet cold war are present in contemporary US–China relations: ideological competition, struggles over the control of natural resources, and old-fashioned rivalry for leadership of the global community. Read more…

TPP keeps the internet’s rules liberal

Delegates from the 12 countries attend a joint press conference in Atlanta, USA on 5 October 2015 after reaching an agreement on the Trans-Pacific Partnership. (Photo: AAP).

Author: Claude Barfield, American Enterprise Institute

There has been a good deal of hype touting the recently concluded Trans-Pacific Partnership (TPP) agreement as the first ‘21st century’ trade pact. Whether it lives up to this high accolade is currently under debate, both in the United States and among the 11 other TPP member states that still need to pass the agreement through their national legislatures. But in one area — e-commerce — there is no doubt that the negotiators did agree to provisions that strongly advance liberalisation of internet trade flows and enhance commerce and investment through the medium of cyberspace. Read more…

Vietnam’s China challenge

General Secretary Nguyen Phu Trong along with Prime Minister Nguyen Tan Dung and other leaders attends the closing ceremony of the 12th National Congress of Vietnam's Communist Party in Hanoi, Vietnam, 28 January 2016. (Photo: AAP).

Author: Nguyen Khac Giang, VEPR

After one of the most highly contested Vietnamese Communist Party (VCP) elections to date, the incumbent General Secretary Nguyen Phu Trong was re-elected to the top post of the Vietnamese regime in late January. But victory in the elections is just the first challenge in Trong’s five-year term. Read more…

AIIB melding, not moulding global governance

Chinese President Xi Jinping poses for a group photo with delegates attending the signing ceremony for the Articles of Agreement of the Asian Infrastructure Investment Bank (AIIB) in Beijing, China, 29 June 2015. (Photo: AAP).

Author: Grégoire-François Legault, University of Ottawa

Chinese financial diplomacy has reached its coming of age. This new era started when China first announced the introduction of the Asian Infrastructure Investment Bank (AIIB) in 2013. The bank should be operational by late 2015. Read more…

No surprises in store at APEC Philippines 2015

A man collects plastic bottles in front of stacked cargo containers at a pier in Manila on 28 May 2015. Development and trade will be high on the agenda at the upcoming APEC Economic Leaders’ Meeting in the Philippines from 18 November. (Photo: AAP).

Author: Gary Hawke, NZIER

Most of what APEC will achieve in 2015 has already been achieved. The Economic Leaders’ Meeting in the Philippines on 18–19 November 2015 will endorse what has already been agreed on. Leaders will talk — in various groupings — about whatever else interests them. Read more…

Will US Republicans torpedo the TPP?

US President Barack Obama meets with agriculture and business leaders on the benefits of the Trans-Pacific Partnership for American business and workers, at the Department of Agriculture in Washington, DC, USA, 06 October 2015. (Photo: AAP)

Author: Richard Katz, The Oriental Economist Report

In a surprising development, US congressional Republicans and a few of their business allies now pose the biggest threat to the Trans-Pacific Partnership (TPP). When an agreement was finally announced on 5 October, neither a single Republican leader in Congress, nor any broad business federation in the United States could be found to support it. Republican support for the TPP is indispensable since most congressional Democrats oppose it and former Secretary of State Hillary Clinton has just come out against it. Read more…