Economic Development | South China Morning Post
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  • Feb 1, 2015
  • Updated: 6:32am

Economic Development

Northeast Asia's development success story conceals a threadbare reality

Very little can be described as reorganised and efficient in Japanese agriculture. Photo: Bloomberg

Mr Studwell apparently argues that South Korea, Taiwan and Japan did just fine by telling the World Bank to get lost and instead reorganising their agricultural sectors, picking industrial winners to support and then manipulating their financial systems to ensure that these chosen favourites had all the money they needed.

Sunday, 16 June, 2013, 2:25am 4 comments

Li Keqiang well advised to keep foreign wise men at bay

Premier Li Keqiang. Photo: EPA

I remember when Tung Chee-hwa did this as Hong Kong's first chief executive not too long after taking office. It was his big idea for gathering big thoughts on Hong Kong. He wouldn't otherwise have had many, I gather.

9 Jun 2013 - 2:40am 1 comment

BRIC countries set for media boom

The PwC report predicts that about half of all mobile-internet users will come from BRIC countries by 2017. Photo: Reuters

Media and entertainment businesses in the biggest emerging markets will expand at more than three times the pace to be seen in developed countries in the next five years, according to a study by PricewaterhouseCoopers.

7 Jun 2013 - 3:46am

Americans ill-served by the blinkered view of US dominance

Americans ill-served by the blinkered view of US dominance

The time has come to think the unthinkable: the era of American dominance in international affairs may well be coming to an end. As that moment approaches, the main question will be how well the US is prepared for it.

29 May 2013 - 6:16am 12 comments

China premier sees huge benefits in strong economic ties with India

Chinese Premier Li Keqiang. Photo: AP

Li spoke a day after holding meetings with Indian Prime Minister Dr Manmohan Singh during which the two leaders played down a recent border dispute and stressed the aim of forging deeper co-operation.

22 May 2013 - 5:35am

Mexico and China can benefit from stronger relationship

Mexican President Enrique Peña Nieto. Photo: Xinhua

Mexico is in a great moment. Macroeconomic stability and a low debt rate are part of our strengths as one of the world's top 15 economies. We are an economy with a broad social perspective fully inserted into international trade, with an exchange of goods and services that amounts to more than US$700 billion each year. We offer a secure and trustworthy environment for foreign investment.

22 May 2013 - 2:53am

Urbanisation may be one of China's greatest challenges

A yard outside migrant workers' makeshift houses is seen next to a city residential compound in central Beijing. Photo: Reuters

In recent months, Premier Li Keqiang has targeted urbanisation as a priority for the economy. Indeed, urbanisation will boost economic growth and create a better living environment for all. In terms of both geographic scope and size of the population, the process in China will break records. What could the consequences be on residential property markets at city levels?

22 May 2013 - 2:53am

City must keep edge in the economic race and stay clean

While Hong Kong needs to treasure and keep strengthening its traditional economic competitive edge, there is another clear 'edge' we cannot afford to lose - a corruption-free environment.

During the past week or so, we have witnessed several seemingly unrelated incidents that, upon reflection, share a common thread - competitiveness.

6 May 2013 - 5:00am

Hong Kong's prosperity is tied to rejuvenation of Pearl River Delta

Zhang Dejiang. Photo: Xinhua

National People's Congress Standing Committee chairman Zhang Dejiang recently said Hong Kong's competitive edge is weakening and may fade away. Its strongest competitors may be other Chinese cities; a recent McKinsey projection indicated that 40 per cent of the 75 most dynamic cities by 2025 will be Chinese. Mainland cities occupy six of the top 10 positions, with Shanghai and Beijing first and second.

6 May 2013 - 2:55am

China must keep opening up to boost reform

Chinese Premier Li Keqiang. Photo: Xinhua

From the start, China's reform and opening up have been two halves of a whole. Yet, in recent years, signs of "closed-door reform" have emerged and in some cases have been put into practice. This is why Premier Li Keqiang's renewed call to push for reform by opening up is notable.

11 Apr 2013 - 3:03am

Chronic power shortages hampering economic development in Myanmar

A factory in the Hlaing Thar Yar Industrial Zone.Photo: Charlotte So

Five years after the devastation of Cyclone Nargis, the Hlaing Thar Yar Industrial Zone on the outskirts of Yangon in Myanmar is showing signs of a boom, with new factories sprouting every month behind its fences.

5 Apr 2013 - 3:11am

The plight of Wenzhou's reform project could determine the nation's future

Wenzhou launched 78 projects to reform its financial organisations, service sector, regulatory system and capital market. Photo: Bloomberg

Wenzhou has been implementing financial reform for just one year, but its progress is attracting attention. The State Council decided last year to set up this pilot region for comprehensive financial reform, with the aim of accumulating experience for the country.

4 Apr 2013 - 3:17am

Guangdong is positioned to lead the next phase of China's quality growth

China's newly-elected Vice Premier Zhang Gaoli. Photo: AFP

With China's new leadership now in place, Guangdong appears poised for change. Zhang Gaoli and Wang Yang, the two recently appointed vice-premiers who spent part of their careers in Guangdong, have both advocated sweeping changes.

3 Apr 2013 - 3:29am 1 comment

How they see it

The BRICS Leaders-Africa Dialogue Forum in Durban. Photo: Xinhua

Making real progress on increasing economic co-operation between the BRICS (an association of leading emerging economies Brazil, Russia, India, China and South Africa) is going to take significant political will, which may not be there.

31 Mar 2013 - 2:08am

BRICS bank will be a recipe either for moral hazard or redundance

BRICS leaders (from left): India Prime minister Manmohan Singh, President of the People's Republic of China Xi Jinping, South Africa's President Jacob Zuma, Brazil's President Dilma Rousseff and Russian Federation President Vladimir Putin. Leaders from the BRICS group of emerging powers failed to launch a much-anticipated new development bank to rival Western-dominated institutions like the World Bank. Photo: AFP

Among the overweening initiatives announced this week by the ill-assorted leaders of Brazil, Russia, India, China and South Africa was a pledge to set up a new BRICS Development Bank to finance economic growth in the emerging world.

28 Mar 2013 - 6:31am