As the West struggles to recover from the 2008 financial crisis, it is only natural that many have looked to Asia with envy. While Americans contend with a housing bust and joblessness, and Europeans ...

It feels like there’s a get-rich-quick scheme everywhere you look these days, from cryptocurrency to overleveraged real estate. For governments, it’s industrial policy, or at least industrial policy ...

The Asian miracle was built on an assumption that the system would hold. Given the way things are going, the likelihood is ...

Narendra Modi, India's prime minister, during an event at Qudos Bank Arena in Sydney, Australia, on Tuesday, May 23, 2023. Credit - Brent Lewin—Getty Images The International Monetary Fund issued a ...

Although it inflicted unspeakable horrors upon an aging, hard-working population, Japan’s recent earthquake is breathing new life into a deflationary economy. The symbolism was lost on no one when the ...

Strangely enough, the literature on “state capacity” – including that on industrial policy and on the entrepreneurial state – says very little about the people who staff the higher ranks of the state.

The rise of security-driven economic policy in industrial countries gives licence to atavistic inward-looking policy thinking, infecting the framing of development strategies at a critical time in ...

Business is trying to resurrect Asia’s economic miracle a year and a half after the Tohoku tragedy. Tokyo is enjoying a long-deserved renaissance. Young professionals are converging from all across ...