Asia Pacific Economic Update

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Asia-Pacific Economic Update

Author : Anonim
Publisher : Unknown
Page : 570 pages
File Size : 47,7 Mb
Release : 2005
Category : East Asia
ISBN : RUTGERS:39030031450267

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Asia-Pacific Economic Update by Anonim Pdf

World Bank East Asia and Pacific Economic Update, April 2023

Author : World Bank
Publisher : World Bank Publications
Page : 120 pages
File Size : 48,6 Mb
Release : 2023-03-31
Category : Business & Economics
ISBN : 9781464819834

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World Bank East Asia and Pacific Economic Update, April 2023 by World Bank Pdf

Economic activity in developing East Asia and Pacific has recovered from the recent shocks and is growing. However, output remains below pre-pandemic levels in many countries and inflation remains higher than target ranges in some countries. Near-term growth will depend on the dynamics of global growth and commodity prices, and financial tightening, which is likely to continue in the face of high inflation in the US. Taking a long-term view, growth in EAP has been faster and more stable than in much of the rest of the world. The result has been a striking decline in poverty and, in the last decade, also a decline in inequality. But it would be a mistake to let these achievements obscure vulnerabilities, past, present, and future. The region must implement structural, macro-financial, and climate-related reforms to address the problems of slowing productivity growth and scars from the pandemic, even as it faces up to the major challenges of deglobalization, aging and climate change.

World Bank East Asia and Pacific Economic Update, April 2024

Author : World Bank
Publisher : World Bank Publications
Page : 118 pages
File Size : 41,5 Mb
Release : 2024-04
Category : Business & Economics
ISBN : 9781464821028

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World Bank East Asia and Pacific Economic Update, April 2024 by World Bank Pdf

Most economies in developing East Asia and Pacific (EAP) are growing faster than the rest of the world but slower than before the pandemic. Slowing global growth, still tight financial conditions, and an increase in trade protection and industrial support in large and rich countries are key aspects of the external environment shaping the region's economic performance. Amplified public and private debt, constrained macroeconomic policy, and increased policy uncertainty are the major domestic issues. EAP's current macroeconomic challenges risk obscuring the microeconomic foundations of longer-term growth. Over the last decade, EAP's growth has been driven by investment and capital deepening rather than by increased productivity of firms. Now private investment is weak and productivity declining†“further inhibiting the incentive to invest. Firms are the protagonists of productivity growth. Some of the weaker firms in EAP countries are beginning to catch up with stronger firms. But the stronger firms in the region are failing to take full advantage of new technologies: regional leaders risk becoming global laggards. Bold policy action to unleash competition, improve infrastructure and reform education with measured state support could revitalize the region's economy.

The Politics of the Asia-Pacific

Author : Mark S. Williams
Publisher : University of Toronto Press
Page : 381 pages
File Size : 41,9 Mb
Release : 2022-01-10
Category : Political Science
ISBN : 9781487525996

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The Politics of the Asia-Pacific by Mark S. Williams Pdf

This book introduces readers to the deep political tensions in the Asia-Pacific and offers classroom simulations designed to encourage students to delve deeper into the issues and dynamics of the region.

World Bank East Asia and Pacific Economic Update, October 2023

Author : World Bank
Publisher : World Bank Publications
Page : 130 pages
File Size : 40,8 Mb
Release : 2023-10
Category : Business & Economics
ISBN : 9781464820281

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World Bank East Asia and Pacific Economic Update, October 2023 by World Bank Pdf

Economic activity in much of developing East Asia and Pacific (EAP), other than several Pacific Island Countries, has recovered from the succession of shocks since 2020 but is now slowing down. Private consumption and the recovery of tourism had sustained growth in the region but is running out of steam. Slowing global growth is leading to a contraction in exports. Public investment and private investment also remain low in much of the region. Most governments in the region are projected to consolidate fiscally in 2023. The revival of growth in the region will depend crucially on the state of the services sectors. Even though manufacturing has powered EAP development, services already account for more than half of value added and employment. A digital revolution is leading to structural change within all services sectors, with the combination of new domestic platform-based services and more internationally tradable services boosting productivity. Harnessing the digital revolution for inclusive economic growth requires deeper services reforms.

World Bank East Asia and Pacific Economic Update, October 2022

Author : World Bank
Publisher : World Bank Publications
Page : 112 pages
File Size : 50,6 Mb
Release : 2022-09-30
Category : Business & Economics
ISBN : 9781464819216

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World Bank East Asia and Pacific Economic Update, October 2022 by World Bank Pdf

East Asia and the Pacific does not so far conform to the current narrative of stagflation. The region, with some exceptions, is growing faster and has lower inflation than other regions. And prospects for several countries have improved, as they bounced back from the distress of the Delta wave in a still buoyant global economy. But this rosy picture must not obscure four impediments to inclusive and sustainable growth: disease, deceleration, debt, and distortions. In particular, current policies to contain inflation and debt are distorting the markets for food, fuel and finance in ways that could compromise development goals. In each case, more efficient measures could address current difficulties without undermining longer term objectives.

Economic Outlook for Southeast Asia, China and India 2021 Reallocating Resources for Digitalisation

Author : OECD
Publisher : OECD Publishing
Page : 140 pages
File Size : 46,5 Mb
Release : 2021-02-04
Category : Electronic
ISBN : 9789264381070

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Economic Outlook for Southeast Asia, China and India 2021 Reallocating Resources for Digitalisation by OECD Pdf

The 2021 edition of the Outlook addresses reallocation of resources to digitalisation in response to COVID-19, with special focuses on health, education and Industry 4.0. During the COVID-19 crisis, digitalisation has proved critical to ensuring the continuity of essential services.

Asian Development Outlook 2020 Update

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 415 pages
File Size : 50,5 Mb
Release : 2020-09-01
Category : Business & Economics
ISBN : 9789292623623

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Asian Development Outlook 2020 Update by Asian Development Bank Pdf

Developing Asia has suffered as the COVID-19 pandemic persists. Growth, trade, and tourism collapsed in 2020, leading to the region’s first economic contraction in nearly 6 decades. Governments across Asia acted quickly to contain the virus and its economic effects, and signs of bottoming out have now appeared. Inflation remains benign, constrained by depressed demand and declining food prices. A prolonged pandemic is the primary downside risk to the outlook. Persistent or renewed outbreaks and a return to stringent containment could possibly derail the recovery and trigger financial turmoil. Recovery depends on measures to address the health crisis and on continued policy support. The pandemic has highlighted the importance of wellness, both physical and mental. Wellness—the pursuit of holistic health and well-being—is a component of the UN’s Sustainable Development Goals. This report evaluates the state of wellness in Asia, documents how the wellness economy is a large and growing part of the region’s economy, and discusses how policy makers can promote wellness by creating healthy living environments, encouraging physical activity and healthy diets, and enhancing workplace wellness.

World Bank East Asia and Pacific Economic Update, Spring 2020

Author : World Bank
Publisher : World Bank Publications
Page : 234 pages
File Size : 50,8 Mb
Release : 2020-04-07
Category : Business & Economics
ISBN : 9781464815652

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World Bank East Asia and Pacific Economic Update, Spring 2020 by World Bank Pdf

Growth in the developing East Asia and Pacific region slowed sharply in 2020Q1 because of the negative impact of the Covid-19 on economic activity. The decline has been broad-based reflecting the interconnectedness of the EAP economies and reverberations from the global economy as the virus turned into a pandemic. The Covid-19 outbreak followed an extended period of subdued growth in the region amid multiple external headwinds and heightened trade policy uncertainty. China and other regional economies have implemented monetary and fiscal policy measures to mitigate the negative impact of the outbreak. Growth in the East Asia and Pacific (EAP) region is projected to slow from 5.8 percent in 2019 to lower-than-expected [5.2 percent in 2020], reflecting the expected negative effects of the COVID-19. In this baseline scenario, which is subject to significant uncertainty, growth in the region is expected to recover to [5.6 percent in 2021], as the impact of Covid-19 gradually dissipates. In the medium-term regional growth is expected to continue its downward trend reflecting multiple structural headwinds. Policymakers should focus on designing economically efficient transmission control policies that consider both the marginal costs and the marginal benefits of preventive measures. Such policies would ideally be based on countries’ preparedness and exposure as well as economic circumstances. Targeted fiscal and monetary polices can help reduce the economic disruption caused by COVID-19 in the short term. In the medium-term, there is need to restore depleted buffers, address sources of financial instability, and invest in preventing and coping with infectious disease. Given the growing interdependence between EAP countries, coordinated policies and investments could increase resilience to shocks.

World Bank East Asia and Pacific Economic Update, October 2019

Author : World Bank
Publisher : World Bank Publications
Page : 180 pages
File Size : 49,5 Mb
Release : 2019-10-09
Category : Business & Economics
ISBN : 9781464815089

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World Bank East Asia and Pacific Economic Update, October 2019 by World Bank Pdf

Growth in the developing East Asia and Pacific region slowed in the first half of 2019 given weakening global demand and heightened policy uncertainty amid ongoing trade tensions. Steady consumption growth helped to partly offset the effects of weakening exports and investment on growth. The region’s growth prospects face intensified downside risks, including further escalation of trade disputes, a sharper-than-expected slowdown in China, the United States and the Euro Area, along with a disorderly Brexit, and an abrupt change in global financing conditions. In some countries, rising indebtedness and other vulnerabilities, such as the constrained capacity for foreign debt rollover, could amplify the negative effects of external shocks. The regional growth moderation underscores the need to address key vulnerabilities and preserve economic dynamism among developing East Asia and Pacific economies. In the short run, countries with sufficient policy space should use available policy tools to stimulate domestic activities. Better quality spending, together with prudent debt management, is needed to safeguard fiscal sustainability. Deepening regional integration would help offset the negative impact of global protectionism. In the medium to long term, pursuing structural reforms that raise competitiveness, support trade and investment, and encourage innovation is critical to boosting productivity and growth.

East Asia Pacific at Work

Author : Truman G. Packard,Trang Van Nguyen
Publisher : World Bank Publications
Page : 299 pages
File Size : 43,7 Mb
Release : 2014-05-07
Category : Business & Economics
ISBN : 9781464800047

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East Asia Pacific at Work by Truman G. Packard,Trang Van Nguyen Pdf

The unprecedented progress of East Asia Pacific is a triumph of working people. Countries that were low-income a generation ago successfully integrated into the global value chain, exploiting their labor-cost advantage. In 1990, the region held about a third of the world’s labor force. Leveraging this comparative advantage, the share of global GDP of emerging economies in East Asia Pacific grew from 7 percent in 1992 to 17 percent in 2011. Yet, the region now finds itself at a critical juncture. Work and its contribution to growth and well-being can no longer be taken for granted. The challenges range from high youth inactivity and rising inequality to binding skills shortages. A key underlying issue is economic informality, which constrains innovation and productivity, limits the tax base, and increases household vulnerability to shocks. Informality is both a consequence of stringent labor regulations and limited enforcement capacity. In several countries, de jure employment regulations are more stringent than in many parts of Europe. Even labor regulations set at reasonable levels but poorly implemented can aggravate the market failures they were designed to overcome. This report argues that the appropriate policy responses are to ensure macroeconomic stability, and in particular, a regulatory framework that encourages small- and medium-sized enterprises where most people in the region work. Mainly agrarian countries should focus on raising agricultural productivity. In urbanizing countries, good urban planning becomes critical. Pacific island countries will need to provide youth with human capital needed to succeed abroad as migrant workers. And, across the region, it is critical to ‘formalize’ more work, to increase the coverage of essential social protection, and to sustain productivity. To this end, policies should encourage mobility of labor and human capital, and not favor some forms of employment - for instance, full-time wage employment in manufacturing - over others, either implicitly or explicitly. Policies to increase growth and well-being from employment should instead reflect and support the dynamism and diversity of work forms across the region.

Asian Development Outlook 2020

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 737 pages
File Size : 40,7 Mb
Release : 2020-04-01
Category : Business & Economics
ISBN : 9789292621568

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Asian Development Outlook 2020 by Asian Development Bank Pdf

After a disappointing 2019, growth prospects in developing Asia have worsened under the impact of the current health crisis. Signs of incipient recovery near the turn of this year were quickly overthrown as COVID-19 broke out in January 2020 in the region’s largest economy and subsequently expanded into a global pandemic. Disruption to regional and global supply chains, trade, and tourism, and the continued spread of the outbreak, leave the region reeling under massive economic shocks and financial turmoil. Across Asia, the authorities are responding with policies to contain the outbreak, facilitate medical interventions, and support vulnerable businesses and households. Assuming that the outbreak is contained this year, growth is expected to recover in 2021. Especially to face down fundamental threats such as the current medical emergency, innovation is critical to growth and development. As some economies in developing Asia challenge the innovation frontier, many others lag. More and better innovation is needed in the region to sustain growth that is more inclusive and environmentally sustainable. Five key drivers of innovation are sound education, productive entrepreneurship, high-quality institutions, efficient financial systems, and dynamic cities that excite knowledge exchange. The journey to creating an innovative society takes long-term commitment and hard work.

Pacific Economic Outlook 2002-03

Author : Pacific Economic Cooperation Council
Publisher : Unknown
Page : 82 pages
File Size : 52,6 Mb
Release : 2002
Category : Business & Economics
ISBN : 0731536762

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Pacific Economic Outlook 2002-03 by Pacific Economic Cooperation Council Pdf

Provides economic forecasts from the Asia Pacific region coordinated by the Australian Pacific Economic Cooperation Committee which brings together government officials, academics and business people from twenty countries from the Pacific Rim to share expertise in search of broad-based answers to regional economic problems.

Asian Development Outlook 2018

Author : Asian Development Bank
Publisher : Unknown
Page : 370 pages
File Size : 52,7 Mb
Release : 2018-04
Category : Business & Economics
ISBN : 9292611208

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Asian Development Outlook 2018 by Asian Development Bank Pdf

Developing Asia is forecast to expand by 6.0% in 2018, and by 5.9% in 2019. Excluding Asia's high-income newly industrialized economies, growth should reach 6.5% in 2018 and 6.4% in 2019. With oil prices edging up and robust consumer demand continuing, inflation is poised to pick up after dipping slightly last year. Consumer prices are projected to rise by 2.9% in both 2018 and 2019, or 0.6 percentage points more than in 2017. Though prospects are firm, risks are clearly to the downside. Protectionist measures and retaliation against them could undermine the recent pickup in trade growth. In response to fiscal stimulus, the United States Federal Reserve may need to raise interest rates faster than currently expected, which could diminish capital flows to developing Asia.

Trade Policy in the Asia-Pacific

Author : Vinod K. Aggarwal,Seungjoo Lee
Publisher : Springer Science & Business Media
Page : 167 pages
File Size : 50,6 Mb
Release : 2010-11-03
Category : Political Science
ISBN : 9781441968333

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Trade Policy in the Asia-Pacific by Vinod K. Aggarwal,Seungjoo Lee Pdf

East Asian countries are now pursuing greater formal economic institutionalization, weaving a web of bilateral and minilateral preferential trade agreements. Scholarly analysis of “formal” East Asian regionalism focuses on international political and economic factors such as the end of the Cold War, the Asian financial crisis, or the rising Sino-Japanese rivalry. Yet this work pays inadequate attention to the strategies of individual government agencies, business groups, labor unions, and NGOs across the region. Moreover, most studies also fail to adequately characterize different types of trade arrangements, often lumping together bilateral accords with minilateral ones, and transregional agreements with those within the region. To fully understand this cross-national variance, this book argues that researchers must give greater attention to the domestic politics within East Asian countries and the U.S., involving the interplay of these subnational players. With contributions from leading country and regional trade specialists, this book examines East Asian and American trade strategies through the lens of a domestic bargaining game approach with a focus on the interplay of interests, ideas, and domestic institutions within the context of broader international shifts. With respect to domestic politics, the chapters show how subnational actors engage in lobbying, both of their own governments and through their links to others in the region. They also trace the evolution of interests and ideas over time, helping us to generate a better understanding of historical trends in the region. In addition to scholars of East Asian and comparative regionalism, this book will be of interest to policy-makers concerned with international trade and U.S.-Asia relations, and those interested in understanding the rich trade institutional landscape that we see emerging in the Asia-Pacific.