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  • Deficit Spending and Debt: Lessons from Japan

    Deficit spending does not foster economic recovery. The U.S. and the world need to recognize the stagnation and inter-generational inequality caused by such spending, and for reference, they need not look further than Japan’s recent history of deficits. In addition to its two lost decades, Japan’s heavy borrowing means the … More

    Japan's Post-WWII Recovery Can Be a Lesson for the World

    Although Japan is now best remembered for two decades of economic stagnancy, its post-war development plan can still serve as a model for emerging countries and economies recovering from crisis. This notion was on display in October, when, for the first time since 1964, Tokyo hosted the annual meetings of … More

    Burma: Human Rights Situation Underscores Need for Careful, Go-Slow Approach

    As the persecution and human rights violations against ethnic minorities in Burma continue, the U.S., ASEAN, and other stakeholders need to examine their engagement with the Burmese military regime with this problem foremost in their minds. Rohingya Muslims are one of the most oppressed ethnic minorities in the world. Since … More

    Indonesia Could Teach U.S. Some Fiscal Responsibility

    On July 11, German Chancellor Angela Merkel praised Indonesia as a model of government debt management. In absolute terms, though, Indonesia’s government spending and government debt has steadily increased. Indonesia’s robust fiscal standing comes first from economic growth with some help from controlling fuel subsidies. Indonesia’s government debt declined from … More