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What Caused the Crash?

by Charles Wolf Jr.via Hoover Digest
Thursday, April 30, 1998

Those who championed the so-called Asian development model thought bureaucrats could make better economic decisions than the marketplace. They were . . . mistaken. Hoover fellow Charles Wolf Jr. explains what went wrong and how to fix it.

Admiral Yamamoto Isoroku

Planning Pearl Harbor

by David C. Evansvia Hoover Digest
Thursday, April 30, 1998

Admiral Yamamoto Isoroku opposed war with the United States, but once the decision was made, he did his duty, laying meticulous plans for the attack on Pearl Harbor. Hoover fellow Mark R. Peattie joins David C. Evans in describing how Yamamoto achieved a brilliant tactical success—only to set in train the events that would lead to Japanese defeat.

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How the Tigers Lost Their Tale

by Michael J. Boskinvia Hoover Digest
Thursday, April 30, 1998

The tale of Southeast Asia has been one of unremitting economic success—until now. Hoover fellow and former Chairman of the president's Council of Economic Advisers Michael J. Boskin on what went wrong and what it means for the United States.

Illustration by Karen Stolper

If Only the United States Were as Free as Hong Kong

by Milton Friedmanvia Hoover Digest
Friday, January 30, 1998

Hong Kong may be back in the hands of mainland China, but direct government spending in Hong Kong remains less than 15 percent of national income--versus some 40 or 50 percent here in the United States. Hoover fellow and Nobel Prize winner Milton Friedman considers these facts worth pondering.

Supply-Side Success As China's tax burden has fallen its GDP has soared

The Great Tax Cut of China

by Alvin Rabushkavia Hoover Digest
Friday, January 30, 1998

Care for definitive proof that supply-side policies spur economic growth? Take a look at communist China. By Hoover fellow Alvin Rabushka.

How to Square the Asian Circle

by Charles Wolf Jr.via Hoover Digest
Friday, January 30, 1998

The United States wants a military alliance with Japan and a policy of engagement with China, aims that happen to be in conflict. Hoover fellow Charles Wolf Jr. tells how to pull the policy off.


Why Fragile Economies and Floating Currencies Just Don't Mix

by Gary S. Beckervia Hoover Digest
Friday, January 30, 1998

The currency crisis in Thailand showed how irresponsible government policy could thwart an economic boom. Hoover fellow and Nobel Prize winner Gary S. Becker argues that developing nations can avoid such economic shocks by abandoning free-floating exchange rates.

Traditional Asia Meets the Modern West

by Alex Inkelesvia Hoover Digest
Friday, January 30, 1998

How economic growth is forcing the placid stream of traditional Asian culture to merge with the turbulent stream of modernity. By Hoover fellow Alex Inkeles.

Why Asia Needs a NATO of Its Own

by Ramon H. Myersvia Hoover Digest
Friday, January 30, 1998

Despite looming troubles--a divided Korea and a divided China--the United States has only two military treaties in Asia, one with Japan, one with South Korea. Hoover fellows Ramon H. Myers and Robert J. Myers make the case for collective security agreements in the Pacific.

Ignoring Taiwan at Our Peril

by Arnold Beichmanvia Hoover Digest
Thursday, October 30, 1997

The mainland wants to rule Taiwan. Taiwan has other ideas. Hoover fellow Arnold Beichman argues that sooner or later there's going to be trouble.