Archive for the ‘Asia’ Category

How Rich Will China Become?

July 13, 2015 Comments off

How Rich Will China Become?
Source: Federal Reserve Bank of Minneapolis

China’s impressive economic growth since the 1980s raises the question of how much richer it will become over future decades. Its growing share of the world economy affects other national economies. Understanding the future course of the Chinese economy is therefore important for both fiscal and monetary policymaking in the United States and elsewhere.

Using fundamental growth theory, data from China and from Korea and Japan’s similar “miracle” growth experiences, we provide a suggestive calculation for China’s future per capita income. Our ballpark estimate is that China’s per capita income relative to that of the United States will grow by a factor of two to three over the next half-century.

Indentifying Bollywood as a crucial factor of India’s economic development: A review analysis

July 10, 2015 Comments off

Indentifying Bollywood as a crucial factor of India’s economic development: A review analysis(PDF)
Source: Research Papers in Economics

The main content of the following article is to describe the economic growth of an indigenous economy and the factors of its internalization. Bollywood can be used as a paradigmatic showcase for the improvement of ideas in the development of industries of emerging economies. This paper, via an extensive review in several articles, describes Bollywood as an economic factor for Indian’s growth. The reasons that led to this growth are described in an extended way, as well as the role of globalization and Indian’s Diaspora on this development. Finally, it compares the two largest film industries in the world, Hollywood and Bollywood.

Patenting and Innovation in China: Incentives, Policy, and Outcomes

July 2, 2015 Comments off

Patenting and Innovation in China: Incentives, Policy, and Outcomes
Source: RAND Corporation

China has undergone a patenting boom, with yearly increases in patent applications averaging 34 percent. Since 2000 this has resulted in a 16-fold increase in the annual number of patents and according to the United Nations, China’s patent office has received more patent filings than any other country (UN December 11, 2012). Previous literature indicates that this trend is driven by large volumes of low-quality patents. Given this, I was motivated to understand the drivers of this trend, the impact of patenting-promoting policies, and the innovative outcomes of Chinese firms. This dissertation examines these three questions in three separate essays: (1) What are the drivers of this patenting boom, and what implications exist for Chinese technical innovation? (2) What are the innovative impacts of the Indigenous Innovation Policy, which is designed to promote patenting? (3) How innovative are leading Chinese firms?

CBO — China’s Growing Energy Demand: Implications for the United States: Working Paper 2015-05

June 29, 2015 Comments off

China’s Growing Energy Demand: Implications for the United States: Working Paper 2015-05
Source: Congressional Budget Office

Growing rapidly in recent decades, China’s demand for energy has nearly doubled since 2005—making China the world’s largest consumer of energy. That growth and the energy policies that China pursues increase the level and possibly the volatility of some energy prices, reduce the competitiveness of U.S. manufacturing firms in relation to Chinese firms but provide benefits for U.S. consumers, and increase greenhouse gas emissions. This paper examines trends in China’s energy consumption, the implications of those trends for U.S. households and businesses, and policy options that might help minimize adverse effects.

CRS — Ballistic Missile Defense in the Asia-Pacific Region: Cooperation and Opposition (April 3, 2015)

June 29, 2015 Comments off

Ballistic Missile Defense in the Asia-Pacific Region: Cooperation and Opposition (PDF)
Source: Congressional Research Service (via Federation of American Scientists)

The growing number and modernization of ballistic missiles in the Asia-Pacific region poses a security challenge for the United States and its allies and is thus a concern for many in Congress. The United States has made ballistic missile defense (BMD) a central component of protection for forward-deployed U.S. forces and extended deterrence for allied security. The configuration of sensors, command-and-control centers, and BMD assets in the region has slowly evolved with contributions from treaty allies, primarily Japan, Australia, and South Korea.

Observers believe that North Korea has an arsenal of hundreds of short-range ballistic missiles and likely dozens of medium-range Nodong missiles; the extended-range Nodongs are considered capable of reaching Japan and U.S. bases there. Longer-range North Korean missiles appear to be under development but remain unreliable, with only one successful test out of five in the past 15 years. The U.S. intelligence community has not yet concluded that North Korea can build nuclear warheads small enough to put on ballistic missiles, but there is significant debate among experts on this question.

Happiness and health in China: The paradox of progress

June 22, 2015 Comments off

Happiness and health in China: The paradox of progress
Source: Brookings Institution

The past two decades in China brought unprecedented rates of economic growth, development, and poverty reduction. Indeed, much of the reduction in the world’s extreme poverty rates during that time can be explained by the millions of people in China who exited poverty. GDP per capita and household consumption increased fourfold between the years 1990 and 2005.1 China jumped 10 places forward on the Human Development Index from 2008 until 2013, moving up to 93 of 187 countries, and life expectancy climbed to 75.3 years, compared to 67 years in 1980.

Yet during the same period, life satisfaction levels in China demonstrated very different trends—in particular dropping precipitously in the initial stages of rapid growth and then recovering somewhat thereafter. The drops in life satisfaction were accompanied by increases in the suicide rate and in incidence of mental illness. China had one of the highest suicide rates in the world in 1990s: approximately 23.2 suicides per 100,000 people per year from 1995 to 1999 (with the rate gradually falling to 7.8 per 100,000 by 2012). Mental health disorders, on the other hand, increased as suicide rates fell (perhaps because more individuals sought treatment). The annual growth rate of inpatients admitted into mental health hospitals was 13.4 percent from 2007 to 2012 (reaching 1.2 million people). Outpatient visits increased at a similar rate—12.4 percent (reaching a magnitude of 27 million outpatient visits in 2011).

Is this an anomaly? Is there something unique about China’s life satisfaction and well-being more generally? Or is it China’s growth trajectory? While income metrics provide us with one story of China’s progress, well-being metrics—including measures of mental health—are telling us a very different story. What explains the discrepancy?

DOD Releases Report on Enhancing Security and Stability in Afghanistan

June 16, 2015 Comments off

DOD Releases Report on Enhancing Security and Stability in Afghanistan
Source: U.S. Department of Defense

The inaugural “Report on Enhancing Security and Stability in Afghanistan,” a report to Congress in accordance with Section 1225 of the Carl Levin and Howard P. “Buck” McKeon National Defense Authorization Act (NDAA) for Fiscal Year 2015 (Public Law 113-291), was provided to Congress yesterday evening. This report covers December 1, 2014 to May 31.

On December 31, 2014, the NATO ISAF mission concluded, and on January 1, Resolute Support – a non-combat mission dedicated to training, advising, and assisting the Afghanistan National Defense Security Forces (ANDSF) and Afghan security ministries – was established. Afghans have assumed responsibility for the security of their nation, but Resolute Support remains committed to preparing the ANDSF for the difficult fight ahead.

During the reporting period, anti-Afghan forces continued to present a formidable threat; as President Ghani acknowledged while addressing Congress on March 25, Afghanistan is “a critical frontline nation in the war against extremism.”

The ANDSF has fought this war with resilience and professionalism, and their capabilities continue to improve. By the end of May, the force had achieved significant advancements in light airlift, casualty evacuation, and non-traditional intelligence, surveillance, and reconnaissance.

Although considerable challenges remain, the Department of Defense is confident that the ANDSF has the capabilities, capacities, and morale to set the conditions for Afghan-led reconciliation.


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