Only history will tell us if the North Korean industrial complex was a missed SEZ opportunity, or the time was not yet ripe.
200 years after David Ricardo, the philosophical ground of comparative advantage and gains from trade still remains strong.
The developing world has a long way to go to reach the stage of financial sector development of advanced economies.
Beyond political rhetoric, the question is whether the current trend is indeed ominous of growing protectionism on the horizon.
One plausible reason for the shock result could be unequal distribution of benefits from globalization and free trade.
If history is any guide, protectionism comes and goes, so the current rising tide will recede eventually.
Short-term gains will not guarantee long-term benefits for an individual economy, nor shared prosperity from open trade.
The crucial factor in effective governance is where the decision-making authority lies, and how it is exercised.
Asian policy makers must take proactive steps to turn a nascent upturn into a sustained boom. Missing the opportunity will have enormous costs.
Asia’s financial markets are increasingly vulnerable to external shocks. Here are three steps to make its economies more resilient.