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  • Commentary posted September 19, 2014 by William T. Wilson, Ph.D. America's Secret Weapon to Secure Taiwan's Future: Trade

    With geopolitical tensions increasing throughout East Asia, the United States has sorely neglected a key strategic partner: Taiwan. Its per capita GDP of roughly $39,000, as measured in purchasing power parity ($21,000 at current exchange rates), makes Taiwan one of the richest countries in Asia. Yet it has been largely left out of the rapid integration that has long…

  • Special Report posted August 27, 2014 by William T. Wilson, Ph.D. Beating the Middle-Income Trap in Southeast Asia

    About the Author William T. Wilson, PhD, is a senior research fellow in the Asian Studies Center, of the Kathryn and Shelby Cullom Davis Institute for National Security and Foreign Policy, at The Heritage Foundation. In the 14 years of the new millennium, Southeast Asia has had some of the fastest growing economies in the world. Indonesia’s economy has been cruising at…

  • Commentary posted August 26, 2014 by Lisa Curtis, William T. Wilson, Ph.D. India's Big WTO Mistake

    It appeared to be a done deal. Last December in Bali, the 159 member countries of the World Trade Organization (WTO) signed off on the trade facilitation agreement (TFA). While not garnering much media attention, it should have. The accord was easily the largest multilateral trade agreement since the omnibus GATT (WTO’s predecessor) Uruguay Round in 1994. The TFA sought…

  • Backgrounder posted August 1, 2014 by William T. Wilson, Ph.D. Market Solutions Should Be Central to U.S.’s Taiwan Policy

    Successive American presidential Administrations, guided by the 1979 Taiwan Relations Act, have recognized that a Taiwan that is free to make its own decisions, free from coercion by the People’s Republic of China (PRC), is in the vital national security interest of the United States. The Taiwan Relations Act, in fact, is explicit about the connection between Taiwan’s…

  • Commentary posted June 27, 2014 by William T. Wilson, Ph.D. India Unleashed

    Only a decade ago, India seemed destined to rival China. Annual growth had averaged almost 9 percent over a seven-year stretch; domestic investment was booming; domestic companies were building global brands, and its military power was growing. India seemed confident; almost cocky. Unfortunately, all that confidence has largely dissipated. Economic growth has dropped to…

  • Issue Brief posted May 19, 2014 by William T. Wilson, Ph.D. The Russian Economy Stares into the Abyss

    For the Russian economy, winter has come early this year. After cruising at a respectable 3–4 percent rate of growth earlier this decade, Russia’s pace of expansion sharply decelerated toward the middle of 2012. According to Alexei Ulyukayev, the minster of economic development, the economy contracted for the first time since the 2008 recession during the first quarter of…

  • Commentary posted April 10, 2014 by William T. Wilson, Ph.D. China Faces Just What It Needs: A Hard Landing

    Former Chinese leader Deng Xiaoping's famous expression "cross a river by feeling the stones" meant implementing economic reforms slowly and pragmatically. During the early stages of reform, this approach worked fairly well. Today, however, it is seriously dated. Indeed, it has put China's economy in a precarious state. The world's second-largest economy is headed for…

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