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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 Political Geography Asia Remove constraint Political Geography: Asia Publication Year within 1 Year Remove constraint Publication Year: within 1 Year Publication Year within 10 Years Remove constraint Publication Year: within 10 Years Topic Economy Remove constraint Topic: Economy
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  • Author: Christopher A. McNally
  • Publication Date: 06-2020
  • Content Type: Commentary and Analysis
  • Institution: East-West Center
  • Abstract: With both the US and China facing a long economic slowdown, the bilateral relationship between the globe's two largest economies faces massive challenges. Making matters worse, Washington and Beijing have attempted to divert domestic attention away from their own substantial shortcomings by blaming each other. Given the economic uncertainty, each side has limited leverage to force the other into making concessions. Harsh rhetoric only serves to inflame tensions at the worst possible time. For better or worse, the US and China are locked in a messy economic marriage. A divorce at this time would exact an enormous cost in an already weakened economy.
  • Topic: Foreign Policy, Bilateral Relations, Economy, COVID-19
  • Political Geography: China, Asia, North America, United States of America
  • Author: Andew Mason, Sang-Hyop Lee, Donghyun Park
  • Publication Date: 05-2020
  • Content Type: Commentary and Analysis
  • Institution: East-West Center
  • Abstract: Elderly populations in Asia are expanding more quickly than other age groups. This shift in population age structure had two major impacts: demand for income support for the elderly will rise because their labor income tends to be extremely low; and gross domestic product (GDP) and other aggregate economic indicators will grow more slowly as growth in the effective labor force declines. In countries where government programs play an important role in old-age support, tax rates will have to rise or benefits will have to be curtailed or both—all options with significant political costs.
  • Topic: Demographics, Labor Issues, Population, GDP, Economy
  • Political Geography: Asia, Asia-Pacific