Policy Brief
The US National jobs reports for May and June exceeded expectations, and for many, this signaled that April was the true peak of American job losses and real recovery may be underway. Yet mounting evidence suggests that a job recovery is a long way off and that many jobs may not return.
Part of the analytic disconnect stems from the fact that the global pandemic is a novel challenge for policymakers and analysts. We lack current, useful benchmarks for estimating the damage to the labor market, for estimating what recovery would look like, and for measuring an eventual recovery in jobs. Given this paucity of models, one place to look for patterns of potential recovery – particularly relating to consumption and mobility – is China.
The Chinese economy is driven largely by consumption, urban job creation is driven by small and medium-sized companies, and China is several months ahead of the US in dealing with the pandemic’s economic and labor impact. An analysis of China’s experience may, therefore, offer important clues about our recovery here at home, and inform new models of thinking about American job recovery.
Media Release
The Rajawali Foundation Institute for Asia at the Harvard Kennedy School, Harvard University and the East Asian Institute (EAI) at the National University of Singapore, are delighted to announce a new academic collaboration.
Feature
Chinese President Xi Jinping has laid out his vision for China’s economic and social future – and it places Xi Jinping at the very center.
Feature
This past semester, the Rajawali Foundation Institute for Asia engaged in conversations and research on topics ranging from Indonesia’s election to US-Taiwan relations with the goal of continuing to develop policy solutions to the region’s most pressing concerns.
Q+A
From the potential for revived tariffs to the implications for global collaboration, Rajawali Director Tony Saich examines the key dynamics shaping what could be a pivotal era in US-China relations.
Occasional Paper
In his latest occasional paper, Ronen Medzini, Rajawali Fellow, explains that while the US and China are not strangers to the “great power” competition, technology supremacy has superseded ideology as what lies at the crux of these dynamics. He goes on to examine critical technologies, their key attributes, and their impacts on national security, commerce, and society while exploring strategies for achieving technological superiority.
Occasional Paper
In his latest occasional paper, Dan Murphy explores whether partnering with these universities is advisable given the national security implications. Murphy argues that while caution is warranted, American universities should not shy away from all potential collaborations with the Seven Sons.
