Michael Ivanovitch is an independent analyst focusing on world economy, geopolitics and investment strategy. He served as a senior economist at the OECD in Paris, international economist at the Federal Reserve Bank of New York and taught economics at Columbia Business School.
Follow him on Twitter: @msiglobal9
China's and South Korea's policies on exports make the downward pressures on their economic growth and employment look unfortunate and self-inflicted.
Major East Asian economies continue to stand out in a world where developed countries are struggling with high unemployment and a virtual stagnation.