You searched for: Content Type Commentary and Analysis Remove constraint Content Type: Commentary and Analysis Publishing Institution East-West Center Remove constraint Publishing Institution: East-West Center Topic International Relations Remove constraint Topic: International Relations
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  • Author: Ronald Lee, Andrew Mason
  • Publication Date: 03-2017
  • Content Type: Commentary and Analysis
  • Institution: East-West Center
  • Abstract: In advanced economies around the world, population growth is slowing down and populations are growing older. Economic growth is also slowing, at least in part because of the slow growth of the labor force and of populations as a whole—despite immigration. Many empirical studies have found that gross domestic product (GDP) growth slows roughly one to one with declines in labor-force and population growth—a disquieting prospect for the United States and for advanced economies in Asia and Europe. If there are fewer workers to support a growing elderly population and worker productivity remains the same, either consumption must be reduced or labor supply increased—for example, through later retirement. By 2050, the projected slowdown in growth of the labor supply could lead to a drop in consumption of 25 percent in China, 9 percent in the United States, and 13 percent in other high-income countries. The situation could be improved, however, by a rise in labor-force productivity. In fact, standard growth models predict that slower population growth will lead to rising output and wages per worker. The underlying question is whether this higher output per worker will be sufficient to offset the rise in the number of dependents per worker as the population ages. To help answer this question, this article looks more closely at how economic activity varies by age, drawing on national transfer accounts, which measure how people at various ages produce, consume, and save resources. This analysis shows that GDP and national income growth will most certainly slow down as populations age, but the effect on individuals—as measured by per capita income and consumption—may be quite different.
  • Topic: International Relations, Global Political Economy
  • Political Geography: Global Focus
  • Author: Denny Roy
  • Publication Date: 04-2017
  • Content Type: Commentary and Analysis
  • Institution: East-West Center
  • Abstract: As many analysts have pointed out, US policy towards North Korea is “failing.” It is true that Pyongyang has declined the US/South Korean offer to give up its nuclear weapons in exchange for economic opportuni es and upgraded poli cal rela ons. Instead, the North Korean government remains intensely hos le towards Washington, Seoul, and Tokyo, and con nues making progress towards deploying a nuclear‐ pped intercon nental ballis c missile — a frightening prospect.
  • Topic: International Relations, International Security, International Affairs
  • Political Geography: North Korea
  • Author: Dinshaw Mistry
  • Publication Date: 12-2016
  • Content Type: Commentary and Analysis
  • Institution: East-West Center
  • Abstract: In the early and mid-2000s, US policymakers anticipated India becoming one of America's top global partners. Have New Delhi's policies on key strategic issues actually aligned strongly with US objectives, as would be typical of close partners? An analysis of twelve prominent issues in US-India relations indicates that New Delhi's policies mostly converged moderately, rather than to a high extent, with US objectives. Specifically, the alignment between New Delhi's policies and US objectives was high or moderate-to-high on three issues--UN peacekeeping, nonproliferation export controls, and arms sales. It was moderate or low-to-moderate on six issues--China, Iran, Afghanistan, Indian Ocean security, Pakistan, and bilateral defense cooperation. And it was low or negligible on three issues--nuclear reactor contracts for US firms, nuclear arms control, and the war in Iraq. To be sure, despite the low or negligible convergence, New Delhi did not take an anti-US position on these issues.
  • Topic: International Relations, International Cooperation
  • Political Geography: America, India