DAN STEINBOCK

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Toward the end of the post-1945 trading regime Recently, the Trump administration joined the EU and rejected the view that under the WTO terms China should have graduated last year to market-economy status. Trump is using Obama’s WTO gambit to erode world trade. THE accession debacle intensified a year ago,…

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The first 18 months of the Duterte government suggest that the effort to recalibrate the Philippines’ ties between the US and China is necessary, viable and vital. In the first half of the 2010s, Manila and Beijing were drifting toward a geopolitical clash. Nevertheless, former President Benigno Aquino 3rd expected…

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Since the 1980s, economic success in Asia has often relied on foreign investment, at least initially. Last week, President Duterte took a decisive step toward that direction. Why has the change taken so long? And why is the devil in the details? IN the third quarter, the Philippine economy grew…

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Trump’s critics claim that he lacks a comprehensive approach to Asia. In reality, his current approach is aligned with moderate ‘America First’ goals. But what did Trump really achieve in Asia? WHILE former President Obama’s Asia pivot was based on multilateral trade agreements, which were mainly geopolitical and predicated on…

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Despite “America First” policies, President Trump’s economic agenda rests on expanding trade with China. The historical bilateral trade deals in Beijing support continued economic integration in Asia. PRESIDENT Donald Trump began his grueling 12-day Asia tour amid US Special Counsel’s first indictments, which cast a shadow over the White House’s…

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After the 19th Congress, Xi’s China is preparing for a new roadmap domestically and internationally. The first part of Dr Steinbock’s report on the recent congress illustrated Xi’s new leadership; this one focuses on the new leaders’ policies. AS the 19th National Congress of the Chinese Communist Party (CPC) opened…

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After the 19th Party Congress, China’s new leadership is in place. These are the president’s men who will shape the world economy until 2022 – and beyond. IT was Mao who made possible a sovereign China and peace that allowed the first efforts at industrial take-off. But China’s industrial revolution…

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Today, rising debt is a key challenge in China. Curiously enough, many advanced economies have even higher leverage ratios, yet their credit ratings are substantially higher than that of China. IN the past few years, President Xi Jinping and leading Chinese policymakers have advocated tougher measures against leverage. In late…

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Janet Yellen’s term is ending at the Federal Reserve. With new appointments, President Trump can indirectly shape US monetary policy for years to come. The Philippines is not immune to policy change— or policy missteps. IN September, the Philippine central bank kept its key interest rate unchanged as widely expected.…

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Despite opposition, President Duterte’s Presidential Anti-Corruption Commission is vital in light of Philippine history and international experience. To be effective, the anti-corruption agency must be independent. ON October 4, President Duterte signed Executive Order 4 creating the Presidential Anti-Corruption Commission (PACC). The commission is mandated “to directly assist the President…

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