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The State of Journal Publishing: Elsevier vs Academics
Loss of the Journal of Asian Economics to a takeover by Elsevier and less than encouraging responses from other publishers to inquiries about starting a new journal prompt these remarks. Why did the...
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The State of Journal Publishing: Barriers to Entry
Starting a new journal has never been easy, but in recent years it has gotten very much harder. This is the sad reality the American Committee on Asian Economic Studies (ACAES) came up against in its...
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Review of Thomas Orlik, China: The Bubble that Never Pops
Oxford University Press, May 2020. As much as China's crash has been predicted, someone needed to explain why it hasn't happened. And no one could be more credible in doing so than Tom Orlik who has...
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The Real Reason for China's Unbalanced Growth (Orlik Review Addendum)
This post follows up on my review of Tom Orlik's wonderful book "China: The Bubble that Never Pops". The book explains why constant predictions of China's economic collapse due to mounting debt and...
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The State of Journal Publishing: Elsevier on Gender
The dominant publisher of economics journals suffers from a dearth of women among its top tier editors. The underlying problem is that academics are not making the selections; rather, the choices are...
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East Asia's Fiscal Response to Crisis, Then & Now
When the last global crisis hit in 2008-09, the major economies of East Asia, but for one, had ample fiscal space to respond, and took advantage of that. This time around, the positioning is more mixed...
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Review of Raul Fabella, Capitalism and Inclusion under Weak Institutions
published by the University of the Philippines, Center for Integrative and Development Studies, 2018. pdf download The lackluster development performance of the Philippines over the span of many...
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On China As a Model for the Philippines (Fabella Review Addendum)
In the book Capitalism and Inclusion under Weak Institutions, reviewed in a previous post, author Raul Fabella points to a lack of social coherence in the Philippines as undermining economic progress...
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Review of Keun Lee, The Art of Economic Catch-Up
Cambridge University Press, 2019 (RePEc). The received image of catch-up growth has developing countries following steadfastly along a path trodden by their predecessors. Keun Lee, professor of...
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The 'New Fiscal Consensus' As Per Blanchard & Subramanian Interpreted for...
The 'new fiscal consensus' holds that major advanced economies have the fiscal space to go big on stimulus and should do so in response to the pandemic. In a recent webinar sponsored by the Ashoka...
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The Exchange Rate in East Asia's Macro Stabilization Policy: It's Not Just China
China has long gotten a bad rap on currency manipulation. The fact is, however, that China is no different from other East Asian economies when it comes to exchange rate management. The essence of the...
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The Exchange Rate in East Asia's Macro Stabilization Policy: Contrast with...
Co-Author: Roberto Meurer The conclusion of the previous post in this series is that East Asia has worked out a policy routine for managing exchange rates in service to macroeconomic stabilization. For...
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Economics of the Pandemic, 2020 (Part I): Covid Cases, Mobility Loss, and...
Why have the economies of Asia fared so differently under the pandemic? In 2020, the economy of the Philippines contracted by 9.5 percent and that of India by 8.0 percent. Meanwhile, Bangladesh...
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Economics of the Pandemic, 2020 (Part II): Fiscal Policy
Asian economies have been hit differently by the pandemic and have responded differently by way of fiscal and monetary policy. The first post in this series traces differences in economic impact to...
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Economics of the Pandemic, 2020 (Part III): Monetary Policy
Asia's response to the pandemic has rested largely on fiscal policy with monetary policy playing a facilitating role to varying degree. Fiscal policy is the subject of the second post in this series....
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Economics of the Pandemic, 2021
Updated 2 May 2022 to incorporate full year data for 2021. A previous post analyzing the economics of the pandemic for 2020 documented widely divergent experiences in Asia with respect to case numbers,...
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Taiwan's Weathering of 2022 Shocks to Global Capital
US interest rate hikes in 2022 have drawn global capital away from the rest of the world to put downward pressure on currency values vis a vis the dollar. To defend their exchange rates, many Asian...
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Asia's Value Chain Momentum by Economy: Regionalization and Intermediate...
Has the world passed peak globalization? The prospect doesn't bode well for Emerging East Asia to pursue trade oriented growth. But a three part series on "The Peak Globalization Myth" by Richard...
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Macro Policy Update, 2022
Against the blow of the pandemic, governments worldwide undertook expansionary monetary and fiscal policies. But by 2022, pressure was on to retrench as inflation reared up and government debt-to-GDP...
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Nudging Asian Economists toward Open Access
The mechanisms by which research findings are disseminated and gain influence are changing. Yet the metrics by which we assess scholarly contribution are lodged in the past, particularly among...
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