Special Report posted February 10, 2015
Japan Needs Real Economic Reform
For four decades, Japan’s economic growth was the envy of the world. From 1950 to 1991, Japan averaged annual real gross domestic product (GDP) growth of 6.8 percent, and recorded only a single year of economic contraction, in 1974. By the late 1980s, Japan had turned from postwar ruin into an affluent country with the second-largest economy in the world.
Special Report posted August 27, 2014
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…
Backgrounder posted August 1, 2014
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…
Issue Brief posted May 19, 2014
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…