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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.

China’s Bet on Intelligent Electric Vehicles
December 03, 2022

China’s Bet on Intelligent Electric Vehicles

By Shaoshan Liu
After a decade of continuous investment, China is now poised to take on global leadership of the IEV industry.

How the US Can Win the Chips War With China
December 02, 2022

How the US Can Win the Chips War With China

By Seth D. Kaplan
Special manufacturing innovation zones are a better option than the subsidies found in the CHIPS Act. 
Is the US Ready to Expand Its Strategic Economic Footprint in Southeast Asia?
November 29, 2022

Is the US Ready to Expand Its Strategic Economic Footprint in Southeast Asia?

By James Guild
During her recent visit to the Philippines, Vice President Kamala Harris indicated that the U.S. is ready to step up its economic engagement in strategic sectors.

The Reality of Vietnam’s Energy Transition
November 25, 2022

The Reality of Vietnam’s Energy Transition

By Kathryn Neville
The country has emerged as a regional leader in renewables, but some thorny challenges lie ahead.

Southeast Asia’s Month of Summits
November 22, 2022

Southeast Asia’s Month of Summits

By James Guild
The three major summits showcased the region's desire to remain aloof from growing strategic tensions between Russia, China, and the West.

Taiwan’s APEC Envoy at the Center of China-US Tech Tensions
November 18, 2022

Taiwan’s APEC Envoy at the Center of China-US Tech Tensions

By Johnson Lai and Joe McDonald
TSMC founder Morris Chang is once again Taiwan’s representative at this week’s APEC summit.

Asia-Pacific Leaders to Tackle Trade, Sustainability in Bangkok
November 17, 2022

Asia-Pacific Leaders to Tackle Trade, Sustainability in Bangkok

By Chalida Ekvitthayavechnukul
Thai officials are hoping to steer discussions away from the Ukraine war toward issues including climate change, economic disruptions, and COVID-19 recovery.
Indonesia Signs Deals to Accelerate Clean Energy Transition
November 16, 2022

Indonesia Signs Deals to Accelerate Clean Energy Transition

By Niniek Karmini and Sibi Arasu
The agreements were an important step for the country, a major exporter of coal that has abundant green energy potential.

Asia’s Development Model Is Now Jeopardizing Its Future Economic Growth
November 16, 2022

Asia’s Development Model Is Now Jeopardizing Its Future Economic Growth

By Saul Estrin and Simon Commander
Asia is facing an economic watershed moment. Turning the corner will require rethinking the role of its dominant, state-supported business groups.

What is Slowing Down Vietnam’s Transport Infrastructure Projects?
November 15, 2022

What is Slowing Down Vietnam’s Transport Infrastructure Projects?

By James Guild
Among other things, the country's land acquisition procedures are creaky, opaque, and difficult to appeal.

Why ASEAN Needs a Region-Wide Digital Payment System
November 11, 2022

Why ASEAN Needs a Region-Wide Digital Payment System

By Leang Seakleng
An inclusive and user-friendly system could deepen Southeast Asian integration and generate economic benefits for the region's 668 million people.
Why Asia Needs ‘Just Climate Finance’
November 09, 2022

Why Asia Needs ‘Just Climate Finance’

By Mickey Eva
We are now facing not just a climate crisis, but also an inequality crisis. COP27 must address both challenges by financing a just climate transition.

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