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Pacific Money

The 21st century is commonly referred to as the 'Pacific Century.' For such a prediction to materialize, the economies of the Asia-Pacific must lead the globe. What challenges will the region face? What nations stand to benefit most? The Diplomat's economics and business blog, Pacific Money, will try to tackle these questions and more.

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ASEAN Holds the Key to Reducing US Dependence on Taiwan’s Chip Industry

ASEAN Holds the Key to Reducing US Dependence on Taiwan’s Chip Industry

By Chin Hsueh
Despite U.S. “homeshoring” efforts, the last stage of the semiconductor supply chain remains concentrated in Taiwan. Southeast Asia is a promising alternative.
Thailand’s Economic Quagmire: Lagging Growth and Political Turbulence

Thailand’s Economic Quagmire: Lagging Growth and Political Turbulence

By Prem Singh Gill
Once hailed as a regional economic powerhouse, Thailand now grapples with challenge that could jeopardize both its financial and political stability.

Will Cash Stimulus Jump-Start the Thai Economy?

Will Cash Stimulus Jump-Start the Thai Economy?

By James Guild
Economic recovery from COVID-19 has been sluggish, but there might be better ways to kickstart consumer spending.

Indonesia’s Coming Geothermal Boom

Indonesia’s Coming Geothermal Boom

By James Guild
The country has long experience with geothermal energy, making it one of Jakarta's preferred forms of renewable energy.

China’s Heavy Economic Legacy of State Ownership and Central Planning

China’s Heavy Economic Legacy of State Ownership and Central Planning

By Itzhak Goldberg
Waning productivity and declining growth in China cannot be explained by the pandemic or even demographic shifts. It is also the consequence of an unfinished reform agenda. 
How the ‘Fab 4’ Can Bring Clarity to Semiconductor Supply Chains

How the ‘Fab 4’ Can Bring Clarity to Semiconductor Supply Chains

By Jaemin Lee
It’s time for the alliance to break away from its feeble, ad hoc gatherings and help foster the type of predictability that industry needs. 

Is VinFast Destined To Be the Next Proton?

Is VinFast Destined To Be the Next Proton?

By James Guild
The Vietnamese EV maker is hoping to establish itself as a leading regional player, but so far its decision-making has been questionable.
Despite Criticisms, Thailand to Press Ahead With $13.8 Billion Stimulus Plan

Despite Criticisms, Thailand to Press Ahead With $13.8 Billion Stimulus Plan

By Sebastian Strangio
The plan, which will disperse 10,000-baht payments to 50 million Thais, has been come under fire from economists and the political opposition.

Can the Biden-Xi Summit Chart the Course to a Stabilized China-US Economic Relationship?

Can the Biden-Xi Summit Chart the Course to a Stabilized China-US Economic Relationship?

By Bai Peng
The differing interpretations of de-risking by China and the United States highlight the profound unease with which they view the current state and trajectory of their economic relations.

Addressing Critical Minerals Governance in Indonesia-US Relations

Addressing Critical Minerals Governance in Indonesia-US Relations

By Bhima Yudhistira, Yeta Purnama, and Muhammad Zulfikar Rakhmat
Ahead of President Joko Widodo's visit to Washington, serious obstacles stand in the way of cooperation in the vital minerals sector.

Bleak Prospects for an Indonesia-US FTA on Critical Minerals

Bleak Prospects for an Indonesia-US FTA on Critical Minerals

By Fajar Hidayat
Indonesia is keen to get increased access to the U.S. market, but China’s heavy presence in the country is causing concern in Washington. 
Intel Backs Out of Planned Vietnam Chip Expansion, Report Claims

Intel Backs Out of Planned Vietnam Chip Expansion, Report Claims

By Sebastian Strangio
According to a Reuters report, the company expressed concerns about the country's excessive bureaucracy and unstable power supply.

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