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Begin New Search Topic Economy Political Geography China Content Type Commentary and Analysis Publishing Institution Lowy Institute for International Policy

1. Revising down the rise of China

Author:
Roland Rajah and Alyssa Leng
Publication Date:
03-2022
Content Type:
Commentary and Analysis
Institution:
Lowy Institute for International Policy
Abstract:
China will likely experience a substantial long-term growth slowdown owing to demographic decline, the limits of capital-intensive growth, and a gradual deceleration in productivity growth. Even with continued broad policy success, our baseline projections suggest annual economic growth will slow to about 3% by 2030 and 2% by 2040, while averaging 2–3% overall from now until 2050. China would still become the world’s largest economy, but it would never enjoy a meaningful lead over the US and would remain far less prosperous and productive per person even by mid-century.
Topic:
Demographics, Economy, Economic Growth, and Strategic Competition
Political Geography:
China, Asia, and United States of America

2. The Costs of Covid: Australia’s Economic Prospects in a Wounded World

Author:
John Edwards
Publication Date:
08-2020
Content Type:
Commentary and Analysis
Institution:
Lowy Institute for International Policy
Abstract:
Despite Victoria’s second wave of infection, Australia’s economic recovery from the coronavirus is underway. The bitter aftermath includes high and rising unemployment, vastly increased government debt, and a markedly less congenial global economy. Though formidable, the fiscal challenge is well within Australia’s means, especially if the Reserve Bank remains willing to acquire and hold Australian government debt. It may need to do so anyway to suppress an unwelcome appreciation of the Australian dollar in a world where major central banks are committed to low long term interest rates. Australia’s increasing integration into the East Asia economic community offsets the drag from the major advanced economies, but the US–China quarrel and the dislocation of global trading and investment relationships it threatens heightens the tension between Australia’s economic and security choices.
Topic:
Debt, Economy, Fiscal Policy, Unemployment, and COVID-19
Political Geography:
China, Asia, Australia, North America, Asia-Pacific, and United States of America

3. China's Economic Choices

Author:
David Orsmond
Publication Date:
12-2019
Content Type:
Commentary and Analysis
Institution:
Lowy Institute for International Policy
Abstract:
China’s economic growth has fallen to its slowest rate since 1990, and this deceleration looks set to continue unless China implements the kinds of deep reforms behind the successful economic transitions of Japan and Korea. China’s economic growth has fallen to its slowest rate since 1990, and this deceleration looks set to continue. Key factors include weakening demographics, inefficient investment, maturing export markets and declining productivity growth rather than the current trade dispute with the United States. To reverse that trend, China will need a wide-ranging policy approach that mimics the policies implemented by Japan and Korea at a similar economic stage. While there are considerable political and economic obstacles to such reforms, if it manages to continue its rapid catch-up to advanced economy incomes the potential returns for both China and the world are significant.
Topic:
Reform, Economy, Economic Growth, Trade Wars, and Trade
Political Geography:
China, Asia, Australia, and United States of America

4. Safeguarding Australia's Security Interests Through Closer Pacific Ties

Author:
Greg Colton
Publication Date:
04-2018
Content Type:
Commentary and Analysis
Institution:
Lowy Institute for International Policy
Abstract:
Greater Australian engagement in the Pacific Islands region is needed if Canberra wants to ensure regional stability and underpin Australia’s national security. Inconsistent engagement by Australia, the United States, France and New Zealand in the Pacific Islands region has created space that non-traditional powers have exploited to engage with sovereign Pacific Island states. There is an increasing risk of geostrategic competition in the region, particularly with the growing influence of China and the economic leverage it holds over some indebted Pacific Island nations. The Australian Government should pursue a deliberate strategy of forging stronger links with its traditional partners in the region, and more equitable partnerships with its Pacific Island neighbours, if it is to underpin regional stability and strengthen Australia’s national security.
Topic:
International Relations, National Security, Regional Cooperation, Geopolitics, and Economy
Political Geography:
China, France, Australia, Asia-Pacific, and United States of America