Imogen Braddick Considering the huge policy variations across East Asian economies, can the East Asian Miracle truly be generalised as a “miracle”? Korea and Taiwan were both colonised by Japan and left with similar legacies; how can we call the phenomenon an “East Asian” miracle when Japan’s legacy created the foundations for growth?
Amina El Refai The World Trade Organisation (WTO) defines a subsidy as arising “any time a government programme benefits private actors”. A subsidy can be direct or indirect help from the government. Direct assistance includes cash and interest free loans whereas indirect includes insurance, tax breaks and insurance. A subsidy in this context refers to […]
Athena Zabidi In order to analyse the effects of China’s policy choices, we must consider the effectiveness of expansionary monetary and fiscal policy. Currently, China operates on a fixed exchange rate system, with strict capital controls. Chinese policymakers have significantly undervalued the Yuan against the US dollar, leading to a huge balance of payments surplus […]