Summary of "Japan's Big-Works Stimulus Is Lesson for U.S."
Japan accumulated the largest public debt. Because they spent trillions of dollars for many big infrastructure projects to lift the economy from a severe downturn caused by the bursting of a real estate bubble in the late 1980s.Japan spent too much on wasteful roads and bridges, because of the behind closed doors by bureaucrats, politicians and the construction industry. They did not spent on education and social services.Japan should have built public works that address the problems it fafces today, like aging, energy and food sources.America can learn their stimulus package by Japan's troubled experience.
Summary of "A Leader Who Looms (Thailand)"
The article is about the former prime minister of Thailand, Thaksin Shinawatra. Thaksin named his own policy as "Thaksinomics". The purpose of his plan was to elevate rural Thais from poverty and make Thailand more rich country.By improving Thailand's weak social safety, such as the nealy free system of basic medical care,Thailand grew fast.Although he escaped to UK because of the corruption, he justified himself because he believes that his Thaksinomic worked well.
Summary of "Why Beijing is in a Risky Place (China)"
China, most industrialized country is in recession now.Beijing must avoid to sell more manufactured exports because thare is a risk of flooding in already weak market.China has a large foreign reserve (2 trillion dollars), but that will not protect it from the fall in global demand.What Beijing must do is to empower the consumer.The buying power of the population is the only way for China to come out of this crisis.According to WHO, China spends less than 1 persent of its GDP on health care.Poor kids can not attend school without paying fees.To improve the social-ewlfare system is good effect to the economy than the construction of new roads, railways, and bridges.
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