The Asia Pacific's Economies

Why the AIIB should not be governed like the World Bank and IMF
What is best practice for the governance of the Chinese-initiated Asian Infrastructure and Investment Bank (AIIB)? Australia says this remains a major concern, even though it has…
China's reserve-currency ambition
In mid-2009, with American finance reeling from the Lehman Brothers collapse, the nation's Treasury Secretary addressed his prestigious alma mater Peking University. 'How safe are…
One belt, one road? China's community of common destiny
More details emerged over the weekend about two Chinese big-ticket initiatives, 'One Belt, One Road' and Asian Infrastructure Investment Bank (AIIB). Speaking at the Boao Forum…
Are China's shadow banks going to bring the economy down?
There has been much fretting about China's growth over the past five years. One special focus for hand-wringing has been the Chinese financial system and its non-banking component…
Do we need 'full-spectrum defence'?
The first thing to say about Alan Dupont's recent paper is that he is absolutely correct about the dire condition of Australian strategic policy. As he suggests, we lack a…
China and the AIIB: Towards a new rules-based order?
Australia's likely decision to become a founding member of the Asian Infrastructure Investment Bank (AIIB) marks the loosening of America's 70 year command over global governance…
The Asian Infrastructure Investment Bank and the rise of regionalism
Should Australia join the Chinese-sponsored Asian Infrastructure Investment Bank (AIIB)? As often happens in international affairs, the answer is not found in the technical pros…
Park Geun-Hye's presidency is adrift
Park Geun-Hye's presidency is adrift
Park Geun-Hye has been president of South Korea for just over two years, with almost three still go, and the emerging consensus here (I'm writing from South Korea) is that her…
Giganto-capitalism: China takes another wrong turn
15 years ago, Beijing made an important strategic decision about its sprawling aviation manufacturing monopoly, AVIC. Dissatisfied with AVIC's slothfulness, and keen to promote…
India's budget: Will subsidies fall as predicted?
The new Indian Government brought down its first full-year budget last weekend. It has been keenly anticipated. Business Standard claimed: 'The market is expecting the Union…