Project Syndicate - 20 Sep 2018
Maybe counter-intuitively for many, the chairman of the Institute for New Economic Thinking argues that Japan does well. Yes: its GDP growth lags behind most other developed economies (and will likely continue to do so as the population slowly declines); but it is GDP per capita that matters, and on this front, the country excels. Also, as a machine for delivering prosperity to a wide range of citizens, Japan’s economy compares well with almost any other. Even government debt and unsustainable fiscal deficits are not as acute as we think, Adair shows (reads in 6-7 min).
Published in Weekly selection 28 September 2018
The Japan Times - 4 May 2018
In this short column (reads in 5-6 min.), one of the most astute economists on Japan argues that the country “deserves the Nobel Prize for applied economics”. He observes that Japan is performing well - a model of capitalism that manages better than most to balance income growth and income distribution. He provides loads of data showing that the system is good at bringing up the bottom of the income pyramid and generating exceptional inclusion for all in financial wealth creation.
Published in Weekly selection 12 May 2018
World Economic Forum - 10 May 2017
Emmanuel Macron’s victory in France will reignite interest in regional integration. In the Western world, we think of the EU, but in this short (5-6 min read) piece, the founder of the Global Institute for Tomorrow reminds us that there is another, larger regional union. ASEAN constitutes a group of 10 member states with a combined GDP of $2.6 trillion (2014) and a population almost twice that of the EU, soon expected to reach about 800 million. The article neatly delineates ASEAN’s achievements and challenges.
Published in Weekly selection 12 May 2017