Asia's Fading Economic Mojo


by John West, Asian Century Institute

Slip sliding away

Emerging Asia has seen its economic growth rate slide down from an average of 8.3% annually from 2006-2010 to 5.7% in 2016. This is perhaps not so surprising with much of the world economy being in the doldrums.

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What We Read Today 28 June 2016

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

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Reconciling Keynes and Hayek Through Concordian Economics

Written by , The Somist Institute

Both Keynes' and Hayek's shared the belief that there existed a need to revisit the economic discourse that began in the thirties and involved their respective analyses of growth and the business cycle. This paper looks at these topics and discovers some of the deep methodological, cultural, substantive, and ideological roots of the chasm that existed between Keynes and Hayek. The reasons for the chasm are understood with the aid of Concordian economics, a framework of analysis through which prism both Keynesian and Austrian economists might finally have a serious conversation with one another.



Infographic Of The Day: Seven Outdoor First Aid Myths

People who spend any amount of time outside are likely to experience some kind of outdoor related injury that requires medical attention.

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Video of the Day:

It seems to be hosted in Austria ("Voralberger Sportverband", Vorarlberg being the second smallest "state" in Austria which borders both Switzerland and Germany), although the Swiss, German and Austrian flags indicate that it is a multi-national competition. Nicole Frýbortová krasojízda is Czech but represents Slovakia and definitely talented.

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SP 500 Has Dropped Below 2026. Now What?

 more opinion

How Neoliberalism's Moral Order Feeds Fraud And Corruption

from The Conversation

-- this post authored by Jorg Wiegratz, University of Leeds and David Whyte, University of Liverpool

Corporate fraud is not just present, but is widespread in many neoliberalised economies of both income-rich and income-poor countries. Volkswagen's emissions cheating scandal is perhaps the most recent and most startling example, but the automobile industry is only one of many sectors, including banking and the arms industry, where scandals have become commonplace. Certain practices and norms that many people in the global North considered shocking only a while ago have become routine in public life.

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 USA economy at a glance (boxed items are updates in last 7 days)

June 2016 Conference Board Consumer Confidence Rebounds - Above Expectations

Written by Doug Short and Steven Hansen

The Conference Board Consumer Confidence Index improved to 98.0 in June from the May final reading of 92.4. The market expected (from Bloomberg) this index to come in between 90.8 to 95.5 (consensus 93.3).

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