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Michael Schuman
Recent Articles
One Last Chance for Japan
If Prime Minister Shinzo Abe is going to kick-start his country, he’ll need to save his trademark economic program
By Michael Schuman/Tokyo
December 4, 2014
Putin Can't Afford a New Cold War
Moscow needs the West
By Michael Schuman
November 20, 2014
Japan Sinks Into Recession (Again)
An unexpected contraction in quarterly GDP shows that Prime Minister Shinzo Abe’s radical economic program is badly broken
By Michael Schuman
November 16, 2014
China Stock-Market Link Shows Promise and Frustration of Beijing’s Reforms
The new connection between the exchanges in Shanghai and Hong Kong is another small step toward prying open China’s financial system to the world
By Michael Schuman
November 16, 2014
Too Late for Abenomics
Shinzo Abe is desperate to rescue his failing economic program, but he still hasn't done what's necessary
By Michael Schuman
November 14, 2014
Why Obscure Asian Trade Pacts Matter
They will play an important role in determining America’s future in Asia
By Michael Schuman
November 12, 2014
Revenge of the Dollar
Reports of the demise of the world’s most popular reserve currency were greatly exaggerated
By Michael Schuman
November 6, 2014
The Unbeatable U.S. Dollar
All hail the almighty greenback!
By Michael Schuman
November 3, 2014
The Chinese President’s Love Affair With Confucius Could Backfire on Him
Xi Jinping is turning to China’s ancient philosopher to reshape the country’s political future. But that strategy is riskier than he seems to believe
By Michael Schuman
October 30, 2014
China’s New Normal
As the Asian giant’s growth slows down, a struggling global economy could pay the price
By Michael Schuman
October 23, 2014
Slowing Growth Is China's New Normal
Say hello to China’s new normal
By Michael Schuman
October 21, 2014
Stock Markets Wake Up to Reality
Misguided policy is undermining growth and creating new risks
By Michael Schuman
October 16, 2014
An Aeroflot Nightmare
Old practices are dying hard in Russia, including at its national airline
By Michael Schuman
October 15, 2014
The Cost of Ebola Is Rising
The longer the outbreak lasts and the farther the disease travels, the harder it will hit global growth
By Michael Schuman
October 10, 2014
Hong Kong Economy Key in Protests
The city can't remain a global financial center without its own political process
By Michael Schuman
September 29, 2014
Meet Alibaba’s Jack Ma
The man leading China’s online shopping giant to America
By Michael Schuman
September 25, 2014
4 Things Alibaba’s IPO Tells Us About a Changing World Economy
The Chinese e-commerce giant launches one of the largest stock-market debuts in history — and points the way to our economic future
By Michael Schuman
September 19, 2014
Cutting the Red Tape
New Indian leader Narendra Modi has pledged to get the country back on the path of growth by launching economic reforms—but he faces entrenched opposition. Will Modi succeed?
By Michael Schuman / Dhinkia
September 18, 2014
Why World Leaders Are Drawn to India
Chinese President Xi Jinping’s visit to India highlights the geopolitical contest reshaping Asia
By Michael Schuman
September 18, 2014
China Is Headed for a Japanese-Style Economic Crisis
Beijing is pursuing policies similar to those Tokyo did before Japan tumbled into financial meltdown
By Michael Schuman
September 12, 2014
Between Pragmatism and Passion
Asian nations have long done business with one another. Now nationalism is getting in the way
By Michael Schuman
September 11, 2014
Why India and Japan Need Each Other
The two Asian leaders are looking to strengthen ties during their meetings in Japan to counter a rising China
By Michael Schuman
September 2, 2014
Workers’ Revenge
China may be communist, but for decades capitalists have run roughshod over labor. Now Chinese workers are standing up for their rights—and that could change the global economy
By Michael Schuman / Shenzhen
August 28, 2014
Banker Who Predicted 2008 Meltdown Is Worried Again
Raghuram Rajan is seeing troubling signs
By Michael Schuman/Mumbai
August 28, 2014
Europe’s Economic Woes Require a Japanese Solution
The region’s economy is starting to resemble Japan’s, and that threatens to condemn Europe to its own lost decades
By Michael Schuman
August 20, 2014
More Turmoil to Come, Says Global Financial Guru
Raghuram Rajan, the governor of India's central bank, fears supereasy money from the world’s central banks is inflating assets and encouraging bad investments
By Michael Schuman / Mumbai
August 11, 2014
Indonesia’s Moment
Joko Widodo’s election marks a break with a dark past. Now he must make up for lost time
By Michael Schuman
July 31, 2014
Jokowi's Tough Test: Proving Democracy Works
Joko Widodo’s election victory was a big win for Muslim-majority Indonesia, the world's third largest democracy and fourth most populous nation. Now the incoming President has to deliver much-needed reform
By Michael Schuman
July 24, 2014
China's Latest Food Scandal Has an International Flavor
No company should be allowed to get away with unsafe products, but the harsh spotlight shone on multinational enterprises in China could be part of an effort to undermine them in favor of local businesses
By Michael Schuman
July 23, 2014
Malaysia Airlines Will Struggle to Survive
Malaysia’s national carrier was already in a weak financial position. Now its future is highly uncertain
By Michael Schuman
July 21, 2014
BRICS Don't Like the Dollar-Centric World, but They're Stuck With It
The latest summit of the world’s leading emerging markets took more steps toward replacing the U.S.-led global financial system. But change will come very, very slowly
By Michael Schuman
July 21, 2014
China's Economy Is Defying Gravity. That's Worrying
China announced better-than-expected growth over the second quarter. Despite optimistic official figures, there's plenty to worry about in the world's second largest economy
By Michael Schuman
July 16, 2014
The U.S. Has Good Reason to Be Fed Up With China’s Economic Policy
Talks in Beijing between American and Chinese officials made little progress on key economic issues
By Michael Schuman
July 11, 2014
Modi (Barely) Passes His First Big Test on Economic Reform
The new Prime Minister indicated change will come in steps, not all at once
By Michael Schuman
July 10, 2014
Grand Bazaar
Japan’s e-commerce pioneer, Hiroshi Mikitani, is assembling one of Asia’s most diverse Internet conglomerates. But can it succeed?
By Michael Schuman / Tokyo
June 12, 2014
China Escalates Its War on American Tech Firms
The Chinese government, angered by Washington's charge that Beijing engages in cyberspying, is looking for some payback
By Michael Schuman
June 5, 2014
The Legacy of Tiananmen Is Holding Back China's Economy
To maintain its growth miracle, the Chinese leadership can no longer separate political and economic reform
By Michael Schuman
June 2, 2014
India’s Modi and China’s Xi: Frenemies, or Just Plain Enemies?
With two nationalists in power, relations between the world’s two most populous nations could turn even frostier
By Michael Schuman
May 29, 2014
Thailand Is Doing a Great Job of Screwing Up Its Potential
And it's not alone. The coup in Thailand, and turmoil elsewhere, shows how developing nations are currently excelling at one thing: being their own worst enemies
By Michael Schuman
May 23, 2014
Why Russia's Putin and China's Xi Want to Be Best Buddies
As relations with the West become increasingly strained, both leaders realize they can benefit a lot from setting aside distrust and forging closer ties
By Michael Schuman
May 20, 2014
How Modi Can Revive India's Economic Miracle
What the likely next Prime Minister needs to get done is obvious, but whether he can press quickly on reform is not
By Michael Schuman
May 16, 2014
China's Property Bust May Drag Us All Down
Analysts have warned for years that China is in the midst of a gargantuan property bubble and the inevitable reckoning may have finally arrived as massive oversupply and a tightening of credit appears to be crushing the market—with consequences for the global economy
By Michael Schuman and Chengcheng Jiang
May 15, 2014
The World's Mania for Economic Data Is Pretty Silly
Want to double your GDP? That's easy. Just calculate it differently
By Michael Schuman
May 9, 2014
Bridging the Wealth Gap
To fight increasing inequity, we need to combine the profit motive with the yearning for justice
By Michael Schuman
May 8, 2014
The European Economy Needs Another 'Whatever It Takes' Moment
European Central Bank president Mario Draghi's 2012 promise to do "whatever it takes" to save the euro was a turning point in the E.U.'s financial crisis. The same resolve is needed now
By Michael Schuman
May 2, 2014
China Could Surpass U.S. as World's Largest Economy
New data from the World Bank suggests China could surpass the U.S. as the world’s biggest economy as early as this year, a day that was always meant to arrive after China began its quest for wealth in the 1980s, but it will just veil the reality of its economic weaknesses
By Michael Schuman/Beijing
April 30, 2014
Here's How You Help the Poor Without Soaking the Rich
We have to clear our minds of a fallacy about poverty alleviation: Helping the poor does not mean welfare. This isn’t to say that we don’t need welfare. Ignoring the unfortunate who can’t put enough...
By Michael Schuman
April 18, 2014
Don’t Be Fooled by China’s Robust Growth
The economy may be holding up, but so are the risks China presents to the world economy
By Michael Schuman
April 16, 2014
We’re Much Too Obsessed With Central Bankers
Japan's struggles make clear that global financial markets are overly focused on what central banks are doing and not enough on what really ails the world economy
By Michael Schuman
April 15, 2014
Zhang Ruimin's Haier Power
The world's largest Appliance maker wants to transform the meaning of Made in China
By Michael Schuman / Qingdao
April 3, 2014
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