Over the past two decades, China has been transformed from an underperforming state-planned economy into a market-oriented juggernaut. China recently surpassed France, Italy and Britain to become the world’s fourth largest economy. Despite its economic development, China is often derided by the financial and business communities for poor corporate governance, an inefficient financial sector, and lax enforcement of substantive law. How are we to reconcile China’s fantastic economic growth with its Rule of Law profile? How important is legal and financial sector reform to China’s past and present economic growth?
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The title [of Donald Trump, Jr.'s speech in India, "Reshaping Indo-Pacific Ties: The New Era of Cooperation"] sure sounds like something you would hear from a diplomat. It is not illegal, but it would muddy the waters and I think make life rather difficult for those in the United States government who are being measured about how they articulate what the administration’s Indo-Pacific strategy is and will become.
There are important geoeconomic considerations driving a more proactive Japanese foreign economic policy. In the long term, the goal is to anchor the U.S. to the regional architecture by encouraging its return to TPP. In the medium term it is about developing cooperation among like-minded countries to tame Chinese mercantilism in areas such as excess steel capacity and forced technology transfers.