Author: Mark P Thirlwell / Political Geography: East Asia

Author:: Stephen Grenville and Mark P Thirlwell
Publication Date:: 10-2009
Content Type:: Policy Brief
Institution:: Lowy Institute for International Policy
Abstract:: In September 2009 the Pittsburgh Summit designated the G-20 as the world's premier forum for international cooperation. The G-20's arrival at the apex of the international economic architecture gives East Asia a much greater presence at the top table of the world economy: six regional economies, including Australia, are members of the G-20, in contrast to the G7, which only had room for Japan. This increase in representation creates important new opportunities for the region. But making use of these opportunities requires significant increases in policy-making resources. Unfortunately, in many Asian economies, such resources are in short supply relative to the wide variety of pressing problems the region currently faces.
Topic:: Economics, International Cooperation, and International Organization
Political Geography:: Japan, Israel, East Asia, and Australia/Pacific

Author:: Mark P Thirlwell
Publication Date:: 09-2006
Content Type:: Working Paper
Institution:: Lowy Institute for International Policy
Abstract:: In the past, there has been plenty of scepticism about India's economic prospects: for many, Charles De Gaulle's aphorism regarding Brazil, that it was a country with enormous potential, and always would be, seemed to apply equally well to the South Asian economy. While the 'tiger' economies of East Asia were enjoying economic take-off on the back of investment- and export-led growth, the lumbering Indian elephant seemed set to be a perpetual also-ran in the growth stakes. Yet following a series of reform efforts, first tentatively in the 1980s, and then with much more conviction in the 1990s, the Indian economic model has been transformed, and so too India's growth prospects. High profile successes in the new economy sectors of information technology (IT) and business process outsourcing (BPO), along with faster economic growth, triggered a widespread rethink regarding India's economic prospects, and a wave of foreign portfolio investment flowed into Indian markets. Perhaps India was set to be a tiger after all.
Topic:: Economics, Emerging Markets, and International Trade and Finance
Political Geography:: South Asia, India, East Asia, Asia, and Brazil

Author:: Mark P Thirlwell
Publication Date:: 08-2004
Content Type:: Working Paper
Institution:: Lowy Institute for International Policy
Abstract:: The Indian economy is showing clear signs of realising its dormant potential. The impact of more than a decade of economic reforms, instigated by a 1991 balance of payments crisis, has now removed or at least mitigated some of the major economic distortions that have handicapped past economic performance. One important result has been a significant boost to the economy's overall potential growth rate. Another has been India's re-engagement with the global economy, which in turn has transformed the prospects of key sectors of the Indian economy. This transformation has been most visible in the case of information technology-related services exports, where India has already become an important global player. But there are also positive signs in the areas of merchandise trade and international capital flows. These trends will have important consequences for the international economy as a whole and for Australia in particular.
Topic:: Economics, Emerging Markets, and Globalization
Political Geography:: India, East Asia, Asia, and Australia

Author:: Mark P Thirlwell
Publication Date:: 11-2003
Content Type:: Policy Brief
Institution:: Lowy Institute for International Policy
Abstract:: There are strong parallels between today's US-China tensions over trade and US-Japan economic relations in the 1980s.
Topic:: Economics
Political Geography:: United States, Japan, China, Israel, East Asia, and Asia

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