Straddling Economics & Politics Issues in Asia, the United States and the Global Economy

by Wolf, Charles

• ISBN13: 9780833031815
• ISBN10: 0833031813
• Format: Paperback
• Copyright: 2002-10-04
• Publisher: RAND Corporation

Summary

This collection of essays examines the case for and against globalization, the effects of U.S. economic and foreign policy, and numerous issues related to Asian economics and politics.

Author Biography

Charles Wolf, Jr. is a Senior Research Fellow at the Hoover Institution, and a director of Capital Income Builder Fund, Inc. and Capital World Growth and Income Fund, Inc.

Table of Contents

Foreword	iii
Figures	xiii
Tables	xv
PART I: THE GLOBAL ECONOMY
Globalization: Meaning and Measurement	3	(12)
Globalization: Less Than Meets the Eye	15	(4)
Financial Crises and the Challenge of ``Moral Hazard''	19	(6)
The Morning After	25	(6)
Financial Flu Isn't Contagious	31	(4)
History Hasn't Ended: The Struggle Between Markets and Governments Resumes	35	(6)
The WTO Controversy: Exaggerated Fears and Unrealistic Hopes	41	(6)
Economic Facts Point to a Weak Euro	47	(4)
E Pluribus Incertum Unum	51	(4)
The Crisis of George Soros	55	(8)
PART II: THE U.S. ECONOMY AND FOREIGN POLICY
Whether and When to Intervene	63	(4)
Tax Cuts, Debt Reduction, and ``Fairness'': Why Tax Reduction Is No More ``Unfair'' Than Debt Reduction	67	(4)
False Alarms About the U.S. Trade Deficit	71	(4)
Two Deficits That Just Don't Matter (Co-Authored with Walter Wriston)	75	(4)
Taxes, Trade, and Growth	79	(6)
PART III: ASIAN ECONOMICS AND POLITICS
Are ``Asian Values'' Really That Unique?	85	(4)
Through a Hazy Crystal Ball: Asia's Economic Outlook, 1997--2020	89	(12)
Asia in 2015	101	(6)
The Accumulation of Military Capital in Asia and the United States, 1997--2015	107	(6)
Too Much Government Control	113	(6)
The End of Asia's Economic Crisis	119	(6)
When Good News Isn't Newsworthy	125	(4)
Asia's Dramatic Recovery	129	(4)
China After Deng	133	(4)
Why China's 8 Percent Growth Target Is Not Good News	137	(4)
China's Devaluation: Whether, When, How Much?	141	(4)
China's Hierarchs Face a Critical Dilemma	145	(4)
Communists and Capitalists in China: Who Will Co-Opt Whom?	149	(4)
China Continues Its Fitful March Toward Capitalism	153	(4)
One China, Three Systems?	157	(4)
Restarting Cross-Strait Relations: Beyond the Dialogue of the Deaf (Co-authored with Jonathan Pollack)	161	(4)
Curing Japan's Economic Malaise	165	(6)
Long-Term Prospects for Japan	171	(12)
New Therapies for Japan's Economic Sclerosis (Co-Authored with Mark Buchman)	183	(6)
Japan's Comfortable Stagnation	189	(4)
How to Defend Japan While ``Engaging'' China	193	(4)
When a Balance of Power Can Be Destabilizing	197	(4)
Managing the Costs of Korean Reunification---If It Occurs	201	(4)
Index	205	(6)
About the Author	211