Posts in World
Underground Economy And Wasted Potential

Imagine a world in which up to one half of a country’s gross domestic product (GDP) was not taxed. Imagine capitalist investors and heads of companies escaping the long-handed reach of state coffers, thereby avoiding their due contribution of hundreds of millions of dollars to the very citizenry that helped create their wealth to begin with.

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Taipei Personalities

As his first term approached its end, Taiwanese President Ma Ying-jeou of the Kuomintang Party (KMT) was pitted against Tsai Ing-wen, a member of the Democratic Progressive Party (DPP) and the first female presidential candidate in Taiwan. The January election, restoring incumbent Ma as president, captured international attention as many anticipated a resulting shift in the precarious relationship between Taiwan and China.

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The Sputtering Dragon

China’s awe-inspiring economic growth over the past three decades has inspired envy, emulation, and animosity all over the world. As I have argued before, I think that China will be a major global player in this century and that its influence will increase over time. But as we learned the hard way in 2008, no matter how smooth an economic course may seem, there are, inevitably, unforeseen problems.

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