We pay a high price for economic flexibility, but benefit enormously from the rising living standards it produces.
For Robert Samuelson's latest contributions to The Japan Times, see below:
For Beijing to abandon its policies would mean scrapping its whole economic model, and politically, this would be hard to swallow.
Debate over wage growth must reflect solid realities, not politically convenient sound bites.
Taking a look at more than just the jobless rate, it may have been, according to one economist.
Politicians want to win, which makes it extremely hard for them to peddle long-term solutions.
Leaders have a hard time inflicting political pain now for possible future societal gains.
A look back by The Economist shows that the problem is not the past, it's the future.
We can no longer rule out the possibility of another great depression.
There are pluses and minuses, but on balance the pluses seem to prevail, according to the McKinsey Global Institute.
The one area where the new agreement is starkly more protectionist involves cars and trucks.