Asia & the Pacific

7 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

China Should Endorse the Hague Summit Pledge to Strengthen Nuclear Security Implementation

Apr. 23, 2014

The most significant achievement to emerge from the 2014 Nuclear Security Summit was a pledge by 35 countries to observe the terms of a joint agreement, known as Strengthening Nuclear Security Implementation. This document committed the signatories to incorporate the principles and guidelines of the International Atomic Energy Agency (IAEA) regarding nuclear security into their national laws, and to allow teams of international experts to periodically evaluate their security procedures. Promoted strongly by the chairs of all three nuclear summits—the United States, South Korea, and the Netherlands— the 2014 initiative is an important step towards creating a robust global security system designed to prevent nuclear materials from falling into the hands of terrorists.

Blog Post - Nuclear Security Matters

Securing China’s Nuclear Energy Development

| Apr. 17, 2014

Chinese president Xi Jinping said in his address at the 2014 Nuclear Security Summit that, “we should place equal emphasis on development [of nuclear energy] and security, and develop nuclear energy on the premise of security.” He further emphasized that, “developing nuclear energy at the expense of security can neither be sustainable nor bring real development. Only by adopting credible steps and safeguards can we keep the risks under effective control and develop nuclear energy in a sustainable way."

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.