Globalization is not just dominated by big brands. Low-cost knock-offs of popular items such as mobile phones also cross the globe, often from China to the rest of the world. Although it operates below the radar, this trade powers growth.
Last month, the first session of China's 13th National People's Congress enacted a much discussed constitutional change, opening up a path for Xi Jinping to be president for life. Beyond this spectacular measure, promotions and appointments indicate the direction of the winds for China's foreign partners and competitors.
In our rapidly changing global, digital, and urban contexts, we no longer have the luxury of attending to just one region of knowledge. Asian universities are responding with the reinvention of liberal arts programs.
On February 1, 2018, AsiaGlobal Online invited Dr Lucas Chancel and Dr Li Yang from the Paris School of Economics to present and discuss trends in global income inequality, on the basis of the "World Inequality Report 2018." The report was co-written with Thomas Piketty and draws on the work of more than 100 researchers around the world, with Chancel as a lead coordinator. Below are videos of the presentations and brief summaries of the key takeaways.
China and Russia followed two distinct approaches to reform, leading to drastically different trajectories of economic growth. While both countries have experienced rising inequality over the last 30 years, Russia’s income distribution has worsened at a faster pace and in a bigger magnitude. What caused the difference in income distribution dynamics between the two? There are important lessons to be learned on the impact of policy decisions on inequality.
Global economies seem to be doing reasonably well in the face of an array of potentially destabilizing political issues. But this may not last if we do not tackle a non-inclusive pattern of growth and do more to address the needs of people and societies.
With their focus on economic development through innovation, the countries of East Asia are rising quickly through the ranks of the Global Innovation Index. These countries are not merely growing individually—they are growing with one another.