Brookings Institution – Questions and Insights
This is one last blog about the panel discussion of the fellows from Brookings Institution when they spoke at UC San Francisco.
It is not difficult to see how politics influences business influences economies and the other way around.
These points/questions were raised:
1. Koreans generally want the US to stay in Korea even though the military’s function there has been long outlived. In this way the US can function as a balancer bewteen Korea/Japan/China.
2. Japan has granted favored nation status to China.
3. Japan and Korea trade more with China than the US does.
4. Is China an economic superpower only in volume – considering the number of poor there still are in China?
5. Japan is now the number two economy in Asia and maybe number three – behind India.
6. Japan must be more consistent in its apologies with its Asian neighbors in order to smooth out relations.
These are big concerns/ big questions – and each could be a blog in itself.
What do you think about any/all of these points?
Where is Asia headed?
Or should we leave it to the Brookings Institution thinkers to decide?
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April 21, 2006
If everybody is working…then business and the economy is good…I would go for unemployment rate.
April 20, 2006
Goodness, I was asking you!
Point 4 probably reveals a deep irony about China’s economic power, and one wonders if a similar point can be made about India.
April 20, 2006
GDP, unemployment rate…everyone has their own criteria.
What do you think?
April 20, 2006
Regarding point 5, what determines the strength of an economy?