https://www.scmp.com/rss/320424/feed Danny Quah is Li Ka Shing Professor in Economics and dean at the Lee Kuan Yew School of Public Policy, National University of Singapore. He works on inequality and social mobility, and on economic approaches to world order and Great Power competition. He is the author of “The Global Economy’s Shifting Centre of Gravity”. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com On April 5, an open letter from US business executive Maurice Greenberg called on presidents Xi Jinping and Joe Biden to repair relations between China and the United States. The letter, co-signed by US foreign policy, economic experts and others, appeared in The Wall Street Journal and was widely reproduced on social media. Such a call was timely in light of the sharply deteriorating relations between the two great powers. There is great concern over the US and China’s hardening opposing... https://www.scmp.com/comment/opinion/article/3217452/global-intervention-may-be-necessary-pull-us-and-china-back-brink-disaster?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3217452/global-intervention-may-be-necessary-pull-us-and-china-back-brink-disaster?utm_source=rss_feed Wed, 19 Apr 2023 17:00:17 +0000 Successful, high-impact research helps make universities lively, thriving communities. This effect extends well beyond the academy: meaningful intellectual pursuit raises the economic and social well-being of the nation. When, based on leading academic research, economists such as Paul Krugman in the 1990s suggested Singapore’s growth would be unsustainable for relying too much on Singaporeans working too hard and saving too much – perspiration without inspiration – the nation’s policymaking... https://www.scmp.com/week-asia/opinion/article/2178083/singapores-us200k-university-salaries-are-worth-every-penny?utm_source=rss_feed https://www.scmp.com/week-asia/opinion/article/2178083/singapores-us200k-university-salaries-are-worth-every-penny?utm_source=rss_feed Mon, 17 Dec 2018 00:00:30 +0000 Can Asia lead the world? Some Asian writers have begun to argue that the time has come for Asia to champion the liberal world order that allowed it to develop and prosper. But how? To begin, Asia can simply support that order and talk it up. But Asia already does that, and powerfully. Asia provides proof of concept by showing how economic success comes with being part of that liberal world order. But more, Asia can champion the liberal world order by rising to lead it. Leadership does not mean... https://www.scmp.com/comment/insight-opinion/article/2085132/can-asia-lead-world-only-when-it-has-winning-story-tell?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2085132/can-asia-lead-world-only-when-it-has-winning-story-tell?utm_source=rss_feed Fri, 07 Apr 2017 03:52:13 +0000 The big question in Asian countries right now is what lesson to take from Donald Trump’s victory in the US presidential election, and from the UK’s Brexit referendum, in which British voters opted to leave the European Union. Unfortunately, the focus is not where it should be: geopolitical change. Instead, for the most part, economic narratives have prevailed: globalisation, while improving overall well-being, also dislocates workers and industries, and generates greater income disparity,... https://www.scmp.com/comment/insight-opinion/article/2053858/how-fear-drove-voters-towards-trump-and-away-eu?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2053858/how-fear-drove-voters-towards-trump-and-away-eu?utm_source=rss_feed Mon, 12 Dec 2016 06:04:09 +0000 China's currency recalibrations have jolted global markets, as did America's 2013 "taper tantrum", when then US Federal Reserve chairman Ben Bernanke said the fed might slow the rate of bond purchases. China is seeking inclusion of its currency in the International Monetary Fund's Special Drawing Rights on the way not only to renminbi internationalisation, but also to challenging the US dollar as world reserve currency. As if this weren't enough, China has also set up the Asian Infrastructure... https://www.scmp.com/comment/insight-opinion/article/1850837/how-chinas-rise-revealing-cracks-us-claims-legitimacy-global?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1850837/how-chinas-rise-revealing-cracks-us-claims-legitimacy-global?utm_source=rss_feed Wed, 19 Aug 2015 08:30:30 +0000