Cloudy skies for China’s aviation industry
China's commercial aircraft market will soon be the world's largest, but its domestic industry is not well positioned to take advantage. Engine technology is lagging, while safety, maintenance and other performance issues have set back the development of new aircraft. The outlook for military aviation is even worse unless endemic corruption can be stamped out.
The greening of China’s auto industry
Chinese car ownership and production have shot up spectacularly in recent years. The country has joined the push for driverless electric cars as part of an environmental strategy that also stresses greatly expanded public transport. Depending on which strategy Beijing selects, carmakers could be headed for boom years or hard times.
Shale energy shows the power of markets
The cutting edge of energy is often seen in the government-subsidized renewables sector, especially solar and wind power. But if you want to know the truly disruptive, market-rattling technology of our era, look no further than shale oil and gas.
India’s push for land reform needs people power
Poor property records have proven a major obstacle to economic development in India. Their slipshod quality leads to property disputes, corruption and social problems. Numerous Indian government initiatives to digitize these records have had mixed results. But authorities will have to look beyond IT solutions – empowering citizens and eliminating high transaction costs will be necessary.
U.S. is key to managing the Western Pacific military buildup
The most important navies in the Western Pacific are growing in strength. Forces all around the region are improving, but the Chinese People’s Liberation Army Navy accounts for the lion’s share of new capacity, both in the number of vessels and technological sophistication. How the United States chooses to address this challenge will make the difference between war...
New doctrine shows Russia willing and able to use force
On New Year’s Eve, Russian President Vladimir Putin signed off on an updated national security strategy. Its tone matches the deterioration in Russia’s relations with the West. Compared with the 2014 version, two features stand out. NATO is now presented as an adversary rather than a rival, and the instigation of so-called “color revolutions” has been elevated to t...
Global trends: terror and transition in sub-Saharan Africa
Sub-Saharan Africa is poised for another year of fast economic growth in 2016. But countries of the region must contend with falling commodity prices, an upsurge in terrorism and a widening gulf between aging leaders and newly assertive urban voters. <i>This report is part of GIS’s “Global Trends” series, which aims...
Debunking the myth of China’s coming productivity bust
We have heard the glib predictions of doom. China is growing increasingly less competitive. Its wages are rising and innovation faltering, landing it squarely in the ‘middle income trap’ that afflicts emerging economies with rising costs as they try to move up the value chain. Though it has poured money into R&amp;D and modern equipment, productivity has stalle...
Japan's industry 'champions' defy tradition to succeed in world trade
Japan is still a largely inward-looking country, but 200 of its medium-size companies have become world market leaders by defying language and cultural barriers to dominate their market. Japan's industry 'champions' defy tradition to succeed in world trade ‘HIDDEN champions’ are at the vanguard of globalisation...