Asia & the Pacific

5 Items

Blog Post - Views on the Economy and the World

Fiscal Education for the G-7

| May 26, 2016
As the G-7 Leaders gather in Ise-Shima, Japan, on May 26-27, the still fragile global economy is on their minds.  They would like a road map to address stagnant growth. Their approach should be to talk less about currency wars and more about fiscal policy.Fiscal policy vs. monetary policyUnder the conditions that have prevailed in most major countries over the last ten years, we have reason to think that fiscal policy is a more powerful tool for affecting the level of economic activity, as compared to monetary policy.

Blog Post - Nuclear Security Matters

Strengthening International Cooperation on Nuclear Materials Security

Nov. 04, 2014

Matthew Bunn, Will Tobey, Hui Zhang, and Nickolas Roth recently participated in a two-day roundtable discussion sponsored by the Stanley Foundation on U.S. nuclear security cooperation with Russia and China. The discussion, which involved experts from around the world, focused on overcoming challenges to nuclear security cooperation and ensuring that countries put in place effective and sustainable nuclear security measures with strong security culture.

Blog Post - Views on the Economy and the World

Modi, Sisi & Jokowi: Three New Leaders Face the Challenge of Food & Fuel Subsidies

| Aug. 23, 2014
In few policy areas does good economics seem to conflict so dramatically with good politics as in the practice of subsidies to food and energy.  Economics textbooks explain that these subsidies are lose-lose policies. In the political world that can sound like an ivory tower abstraction.   But the issue of unaffordable subsidies happens to be front and center politically now, in a number of places around the world.   Three major new leaders in particular are facing this challenge:  Sisi in Egypt, Jokowi in Indonesia, and Modi in India.

Blog Post - Views on the Economy and the World

China is Not Yet #1

| May 08, 2014
Widespread recent reports have trumpeted: “China to overtake US as top economic power this year.”  The claim is basically wrong. The US remains the world’s largest economic power by a substantial margin.The story was based on the April 29 release of a report from the ICP project of the World Bank: “2011 International Comparison Program Summary Results Release Compares the Real Size of the World Economies.”     The work of the International Comparison Program is extremely valuable.

Blog Post - Nuclear Security Matters

Eliminating Potential Bomb Material from Japan’s Fast Critical Assembly

| Mar. 24, 2014

Today, the United States and Japan announced that Japan would eliminate all the plutonium and highly-enriched uranium at its Fast Critical Assembly (FCA) at Tokai-mura.  This is a tremendous step forward for nuclear security; for terrorists, this would be some of the best material that exists in any non-nuclear-weapon state.  The material includes 331 kilograms of plutonium, most of it weapons-grade, and 214.5 kilograms of weapons-grade HEU.  (The FCA also includes over a ton of material just at the 20 percent U-235 mark that defines HEU.)   The weapons-grade HEU is enough for four simple terrorist “gun-type” bombs or a larger number of trickier-to-build implosion bombs.  The plutonium amounts to more than 40 bombs worth of material.