Japan isn't responsible for reviving all of Asia

Article Abstract:

President Clinton has erred in stating that the restoration of the economies of Southeast Asia depends on the leadership of Japan and the growth of its own economy. The Japanese government itself is burdened by deep-rooted problems in its financial system, including as debt, deflation, and deregulation, which prevent its economy from growing. Studies have revealed that the US is in a better position to boost Asian economies. A 1% growth in the Japanese economy would only improve Asian imports by a meager .65%, while an equivalent growth in the US and Europe would translate to some 2.5 times in value.

Analysis, Economic aspects, Japan, Column, United States foreign relations, Southeast Asia

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What's really behind Seoul's latest 'austerity campaign.'(economic nationalism of South Korea)(Editorial)

Article Abstract:

South Korea has decided to engage in a frugality campaign that seriously restricts luxury imports and goods from foreign nations. The move is seen bu critics as a return to the nation's practice of economic nationalism which places unrealistic and unfair tariffs on imported goods. The government has launched a campaign against luxurious spending in favor of frugality after suffering from a large trade deficit in 1996. The country's protectionist trade practices may negatively affect the free trade and long-term growth.

Editorial, Management, Taxation, International relations, Protectionism, Luxuries, Seoul, South Korea, Luxury taxes

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Hong Kong-Singapore rivalry sparks cross-pollination

Article Abstract:

Hong Kong and Singapore have cooperated in the development of a way to regulate capital markets, despite the two being fierce economic rivals. Financial scandals, such as the alleged illegal trading in Hong Kong by a Jardine Fleming fund manager in 1996 and the collapse of the Barings merchant bank, point to the need for such cooperation.

International aspects, Singapore, Capital market, Capital markets, Hong Kong, Hong Kong foreign relations, Singapore foreign relations

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