<title>SUMMARY</title>As Indonesia heads to the polls in 2014, its economy is slowing. The end of the commodities boom and the global return to more normal monetary policy has exposed some weaknesses. Exchange-rate depreciation has absorbed some of the adjustment; but structural rigidities are still likely to...

The global trading system has underpinned huge growth in trade and the integration of economies that have signed on to it, whether they are political allies or not—none more so than in the Asia-Pacific region. It has prevented political disputes between Japan and China adversely affecting...