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At the Brink? »
Asia in the Global Economic Order
Edited by: Shiro Armstrong, Yves Tiberghien
Publication date: 2026
The global economic order is undergoing a period of profound transformation. Heightened geopolitical rivalry, rapid technological change and growing concerns about economic security are reshaping trade, investment, supply chains and global governance. These developments raise fundamental questions about the future of openness, cooperation and economic growth for Asia and the Pacific region.
This volume brings together leading scholars and policy experts from across Asia and the Pacific to examine how the region is navigating an increasingly contested international economic environment. The chapters explore the dynamics of great-power competition, the restructuring of global supply chains, the strategic role of technology and the pressures facing the liberal international economic order. They also consider the prospects for regional cooperation and the policy choices that may allow the region to sustain economic integration and prosperity in a more fragmented world. The book offers nine innovative proposals to buttress the global economic order and respond to current challenges.
Based on papers presented at the 41st Pacific Trade and Development (PAFTAD) Conference, At the Brink? offers timely analysis of the evolving global economic landscape and provides insights into how Asia and the wider international community can respond to the challenges of a shifting world economy.
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Fragile Prosperity »
Australia’s gigantic monetary gamble
Authored by: Stuart Kells
Publication date: April 2026
Fragile Prosperity presents a new perspective on the past five decades of economic policy in Australia. This book shows that in important respects the basic pillars of this policy are misconceived, resting on fundamental misunderstandings of money, taxation and fiscal accounting.
Monetary and fiscal policy in Australia are reappraised, along with the nation’s program of financial deregulation: a gigantic experiment in modern money. A new understanding is presented of the causes of inflation in Australia and the drivers of house price growth, along with associated impacts on wealth distribution and inequality.
The implications are stark. While successive federal governments and Australia’s central bank have given up the means to directly control the principal cause of inflation, the current method of inflation control operates like a dead hand on the non-bank economy. Australia now faces a terrible conundrum in public policy and macroeconomic management, one with urgent implications for countries with similar regulatory settings, such as Canada and New Zealand. Further afield, the story of Australia’s experiment with modern money is a cautionary tale for all advanced economies.
‘Many younger Australians no longer feel that hard work brings a better life. In this timely book, Kells reveals the deeper, actual reasons Australia is no longer a land of economic opportunity.’
Thomas Walker, Think Forward
‘The thrust of this excellent work is that the process and consequences of the generation of money have been widely misunderstood by regulatory and government bodies, leading Australia unwittingly clinging to a “fragile prosperity”. Kells sets about offering practical solutions.’
David Merrett, Professor Emeritus, Faculty of Business and Economics, University of Melbourne
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East Asia Forum Quarterly: Volume 18, Number 1, 2026 »
Publication date: February 2026
Critical minerals and rare earths have moved to the centre of economic security agendas. As decarbonisation accelerates and US–China rivalry deepens, governments are racing to secure the supply chains that power green technologies and advanced manufacturing. This issue of the East Asia Forum Quarterly examines the geopolitics of Asia’s resources trade. It explores the tensions between interdependence and rising protectionism, or ‘resource nationalism’, and assesses the implications for regional growth and the global energy transition. Strategic competition may be reshaping mineral supply chains, but the region’s enduring complementarity between producers and consumers suggests that managing vulnerabilities—rather than dismantling interdependence—offers the more durable path forward.
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Uneven Rewards »
Milestones in Labour Economics
Authored by: Alison L Booth
Publication date: 2026
Uneven Rewards brings together major studies of workplace relations and behaviour from the distinguished labour economist Alison L Booth. Over more than three decades, Booth has forged a distinctive intellectual path combining a strong interest in the role of gender and culture on labour markets with acute expertise in data collection, and cognate social science fields and methods.
With her co-authors, Booth examines the effects on men and women of evolving industrial relations’ rules and contexts. She studies the changing gendered and culturally specific nature of labour markets, and analyses the findings of a set of data-rich social experiments to reveal insights about women’s and men’s behaviour in labour, educational and wider social settings.
Finally, Booth shares new conclusions arising from this extensive body of research. She shows how culture and nurture associated with the upbringing of boys and girls can have profound implications for educational and labour market performance and relative outcomes by gender:
There is no right or wrong place for young women and men to be. What matters is that they are given the opportunity to go where their talents lead them without being thwarted by cultural pressures.
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East Asia Forum Quarterly: Volume 17, Number 4, 2025 »
Publication date: December 2025
Industrial policy has returned to the mainstream, with subsidies as an increasingly popular policy instrument of choice. While East Asia is deeply invested in the open global trade regime, multilateral rules are outdated, weakly enforced and ill-equipped to manage the widening gap among countries with unequal fiscal capacity. This issue of the East Asia Forum Quarterly examines the rationale, forms and effects of industrial policy resurgence, identifying both its risks and the conditions for its success. It argues that regional coordination of industrial policy would require greater transparency and peer review, using existing frameworks as well as new plurilateral agreements for that purpose. The region has the platforms and leverage to lead collective efforts to manage industrial policies without undermining the rules-based multilateral order, but whether it can will depend on mobilising the political will.
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The Great Energy Transformation in China »
Edited by: Ligang Song, Yixiao Zhou
Publication date: November 2025
In 2020, China started the drive to commence a reduction in carbon emissions by 2030 and reach carbon neutrality by 2060, setting in motion a transition to a green, sustainable and clean economy. China has ambitiously developed clean energy alternatives to coal. This transformation encompasses multifaceted strategies ranging from investment in renewable energy and the development of low-emission technologies to more stringent policy regulations on emissions. Renewable energy sources like hydroelectric power, wind, solar and biomass have received substantial attention and investment, with China emerging as a global leader in renewable energy capacity.
In the technology space, China’s transitioning to electric vehicles (EVs) has catalysed the development of a robust EV market, fostering innovation in battery technology and charging infrastructure. China has now become the largest exporter of EVs in the world market. These developments have the potential to materially help curb the world’s carbon footprint and mitigate environmental degradation.
Nevertheless, challenges persist domestically, including the need for grid modernisation to accommodate intermittent renewable energy sources and addressing the socio-economic impacts on coal-dependent regions. In the international market, China’s efforts towards a cleaner and more sustainable energy landscape have helped position it as a leader in sustainable economic development. This could enhance trade of green products, the development of global renewable energy and international investments in energy transformation. However, global trade and investment in green technologies and products are faced with rising geopolitical tensions and trade protectionism. This book discusses China’s achievements in its transition towards renewable energies and identifies new opportunities and challenges for deepening energy transformation in China.
East Asia Forum Quarterly: Volume 17, Number 3, 2025 »
Publication date: August 2025
US protectionism is reshaping Asia’s trade politics. Rising tariffs and unpredictability from Washington are chilling investment, disrupting supply chains and driving governments towards transactional deals that corrode longstanding multilateral rules. This edition of East Asia Forum Quarterly maps the terrain on which Asia must choose between short-term accommodation and long-term growth and resilience. In an increasingly fragmented world, Asia’s best defence is to strengthen institutions to safeguard integration and hunker down behind the multilateral system—while preparing to take a leading role in rebuilding it.
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Struggle, Reform, Boom and Bust »
An Economic History of Papua New Guinea since Independence
Authored by: Stephen Howes, Martin Davies, Rohan Fox, Maholopa Laveil, Manoj K. Pandey, Kelly Samof, Dek Joe Sum
Publication date: July 2025
Since Papua New Guinea’s independence in 1975, economic growth has been slow but volatile, with major changes in economic structure and policies, as well as in politics and governance.
This economic history, written to commemorate the fiftieth year of independence and the first to be produced in some 15 years, divides the half century since independence into four periods: the relative stability but also early struggles of the seventies and eighties; the crises and reforms of the nineties; the boom of the 2000s; and the quiet bust of the 2010s. Two chapters cover each period’s major economic, policy, institutional and political developments. The final three chapters provide an overall assessment of economic performance and policies since independence and link them with its politics and institutions.
The book combines painstaking documentation with original analysis to reveal both the strengths and weaknesses of the PNG economy, and theorises that the country’s hyper-politics and insecurity have combined to produce, and are reinforced by, a weak but stable state, and low and increasingly resource-dependent growth.
Data-driven, frank, insightful and engaging, Struggle, Reform, Boom and Bust is written by an expert team of economists from the University of Papua New Guinea and The Australian National University under the leadership of Professor Stephen Howes, Director of the ANU Development Policy Centre. It is an essential resource for anyone interested in the economy of Papua New Guinea, as well as an important contribution to the literature on the challenges and institutional determinants of post-colonial development.
East Asia Forum Quarterly: Volume 17, Number 2, 2025 »
Publication date: May 2025
Asia is home to some of the world’s most diverse political systems—from liberal democracies to authoritarian regimes and hybrid states. As global democracy faces renewed pressure, this edition of East Asia Forum Quarterly explores how political systems across Asia are evolving amid rising autocratisation. It examines why economic development alone cannot explain democratic outcomes in the region and how authoritarian success stories are reshaping debates about governance. With ideological contestation intensifying, Asia is not just adapting to global political trends—it is helping to define them.
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East Asia Forum Quarterly: Volume 17, Number 1, 2025 »
Publication date: March 2025
The global landscape has shifted dramatically since Donald Trump’s return to the presidency in January 2025. His decision to exit the Paris Agreement and impose heavy tariffs has escalated uncertainty surrounding both climate action and the global economic order. This edition of East Asia Forum Quarterly explores how ASEAN and its regional partners can step in to safeguard multilateral trade and climate cooperation, advocating for green trade policies and sustainable investment. The region has the potential to reshape the global response to climate change and maintain economic stability through strategic collaboration.
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