Park Geun-hye achieved a historic victory in South Korea, becoming the first woman president in the country’s history. Park is a member of Korea’s National Assembly and leader of the conservative Saenuri Party, as well as the daughter of previous President Park Chung-hee. Many first came to know her dignified …
Japan’s incoming prime minister, Shinzo Abe, has an unenviable task. While Mr. Abe may prove to be exactly what the country needs in terms of foreign policy, his economic promises mirror the policies that have mired Japan in two decades of stagnation. Mr. Abe has made headlines promising more aggressive …
In Japan, the conservative Liberal Democratic Party (LDP) exceeded even the most optimistic predictions by winning a landslide victory in Sunday’s lower house election. LDP Leader Shinzo Abe’s conservative foreign policy views and the Japanese public’s growing concern over China provide an excellent opportunity for Washington to achieve several policy …
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 …
North Korea successfully launched a missile early Wednesday—a big step toward achieving the capability to hit targets in the United States. Under the transparent public cover story of a satellite launch, North Korea tested a missile that is the same as an intercontinental ballistic missile (ICBM). Even though the missile …
A long-awaited report on natural gas exports was finally released by the Department of Energy (DOE) last week. Unsurprisingly, it concluded that exporting natural gas would bring a net economic benefit to the U.S. economy, with most benefits being realized as economies of scale in gas production increase. With the …
Two days ago, the 18th United Nations conference on climate change wrapped up. As they did at the previous 17 conferences, developing nations demanded that the United States and other developed countries pay them for the climate’s effects. In short, the joke’s on us. And these U.N. conferences are becoming …
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 …
