The recent escalation of diplomatic and trade disputes between South Korea and Japan has alarmed numerous observers and is rather confusing to many around the world to whom the two countries seem to have much to lose and little to gain by the deterioration of the bilateral relationship. What underlying forces are driving the conflict? Are these new forces, or the same historical forces coming to a head?
The world is “graying” at an unprecedented rate. According to the UN’s World Population Prospects 2019, the number of persons over the age of 65 is growing the fastest and expected to more than double by 2050, then triple in another 50 years’ time.
“For seven decades our thinking about Indo-Asia-Pacific security and international cooperation issues has been underpinned by the narratives of a U.S.-led international order centered around the rule of law, economic openness, and multilateralism. Now this post-WWII order is being challenged.”
Motivated by the realization that China’s economic growth model is about to become obsolete, the Chinese government has been using various subsidies to encourage innovations by Chinese firms. This study examines the allocation and impacts of innovation subsidies, using the data from the China Employer Employee Survey (CEES).
In September 2018, Shinzo Abe won a party election, thereby securing his third consecutive term as president of Japan’s Liberal Democratic Party and getting closer to becoming the longest-serving prime minister in the country’s postwar history.