Facing down secular stagnation in China

Commentary / World Aug 18, 2015

Facing down secular stagnation in China

With President Xi Jinping's anti-corruption drive chipping away at the culture of personal gain among Chinese officials, now is the time to press ahead with structural reforms, not back away from them.

Commentary / World Dec 23, 2014

High risks, rewards in Xi's reforms

Only by addressing the weakening of investment-led growth, bureacratic inefficiencies and worsening pollution, and then shifting to an innovation-based, environmentally sustainable growth model, can China continue to prosper and ultimately achieve high-income status.

Commentary Oct 28, 2014

Time to end American financial repression

A generation of development economists owe Ronald McKinnon, who died earlier this month, a huge intellectual debt for his insight that governments like the U.S. that engage in free-market rhetoric to channel funds toward themselves hamper financial development.

Commentary / World Jul 8, 2014

Thomas Piketty with Chinese characteristics

As property prices have risen faster than wages and profits in manufacturing, China's top 1 percent income earners are accumulating wealth significantly faster than their counterparts in the rest of the world — and far faster than the average Chinese.