From the Winter 2023 issue:
China Will Be the Next Japan
Xi should have studied Japan in the early 1990s rather than the breakdown of the Soviet Union.
Xi Is China’s Great Vulnerability
Isolated dictators are particularly vulnerable to catastrophic mistakes.
Could China Become Like Japan in the Early 1990s?
Chinese leader Xi Jinping has fixated on the 1990s collapse of the Soviet Union and how to avoid the same fate for the Chinese economy. Would he instead have done better to study Japan and its lost decades beginning in the early 1990s?
Featuring commentary by Dean Baker, Gene H. Chang, Rutendo C. Chigora, Patrick M. Cronin, Barry Eichengreen, James K. Galbraith, James E. Glassman, Richard Jerram, Keyu Jin, Richard C. Koo, Anne O. Krueger, Desmond Lachman, Hongyi Lai, John Lee, Zongyuan Zoe Liu, George Magnus, Greg Mastel, Joseph S. Nye, Jim O’Neill, Peter R. Orszag, William H. Overholt, Derek Scissors, Richard Thornton, Daniel Twining, and Logan Wright.
China’s demographic data is so muddied that no one—not even top-level officials—knows the real numbers.
Why it’s not as far-fetched as you’d think.
Did the European Union Dodge the Energy Bullet?
Will the European Union avoid recession despite higher energy prices? If so, how will they have done it? And is Russian President Vladimir Putin in the process of losing the energy war?
Featuring commentary by Anders Åslund, Lorenzo Bini Smaghi, Josef Braml, Marek Dabrowski, John M. Deutch, Sebastian Dullien, Mohamed A. El-Erian, Adam Garfinkle, Deborah Gordon, Daniel Gros, Lyric Hughes Hale, Filipa Jorge, Gary N. Kleiman, Dan Mahaffee, Thomas Mayer, Ewald Nowotny, Dalibor Rohac, Holger Schmieding, Philip K. Verleger, Nicolas Véron, Marina v N. Whitman, and Klaus F. Zimmermann
For the first time in fifty years, a sharp rise in oil prices did not produce a recession.
America must retool its economic statecraft.
Its cracks are visible. Its global role is mainly due to lack of an alternative. But will that continue?
A review of Things Are Never So Bad That They Can’t Get Worse: Inside the Collapse of Venezuela by William Neuman.
The Crackup of Today’s “Everything Bubble” by Scott Bessent; What If Berlin Has to Choose Sides?; Brainless in San Francisco; and The Reason Xi Is Traveling the World
The Brainard Effect: Will Biden’s new economic czar also be his political savior?
Scholz’s tank battle: How the German economy survived Putin.
Is Japan back? The Funabashi-Sakakibara debate.