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Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9290928638
Category : Business & Economics
Languages : en
Pages : 359
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Book Description
According to the findings in the Asian Development Outlook 2012 Update, dimming global growth prospects and soft domestic demand in the region’s two largest economies are slowing the pace of developing Asia’s expansion. Growth is now expected to slide from 7.2% in 2011 to 6.1% in 2012, with a bounce back to 6.7% in 2013. The possibility of a shock emanating from the unresolved euro area sovereign debt crisis or a sharp fiscal contraction in the United States pose the biggest downside risks to the economy. Fortunately, most developing Asian economies have room to counteract such shocks with fiscal and monetary policy. However, there is currently no regionwide need for countercyclical policy intervention.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9290928638
Category : Business & Economics
Languages : en
Pages : 359
Get Book Here
Book Description
According to the findings in the Asian Development Outlook 2012 Update, dimming global growth prospects and soft domestic demand in the region’s two largest economies are slowing the pace of developing Asia’s expansion. Growth is now expected to slide from 7.2% in 2011 to 6.1% in 2012, with a bounce back to 6.7% in 2013. The possibility of a shock emanating from the unresolved euro area sovereign debt crisis or a sharp fiscal contraction in the United States pose the biggest downside risks to the economy. Fortunately, most developing Asian economies have room to counteract such shocks with fiscal and monetary policy. However, there is currently no regionwide need for countercyclical policy intervention.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 929092392X
Category : Business & Economics
Languages : en
Pages : 340
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Book Description
The Asian Development Outlook 2011 Update expects developing Asia to sustain its robust growth over the next 2 years, despite the tepid outlook for the United States, the eurozone, and Japan. The region will be buttressed by healthy domestic demand and buoyant intraregional trade. Managing inflation has to be a key focus for policy makers, to allow for inclusive growth. Such growth includes the elderly, who are all too often left behind as Asia's traditional family networks weaken. As the elderly will form an ever-larger share of the region's population over the next few decades, states will have to ensure their economic security---and meet the wider economic implications for society.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9290926074
Category : Business & Economics
Languages : en
Pages : 625
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Book Description
Despite weak global demand, the Asian Development Outlook 2012 expects that developing Asia will largely maintain its growth momentum in the next couple of years, in an environment of easing inflation for most regional economies, although policy makers must be alert to further oil-price spikes arising from threats of oil supply disruptions. The report sees that the greatest risk to the outlook is the uncertainty surrounding the resolution of sovereign debt problems in the eurozone. Still, in the absence of any sudden shocks, developing Asia can manage the effects on its trade flows and financial markets.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292542397
Category : Business & Economics
Languages : en
Pages : 734
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Book Description
The Key Indicators for Asia and the Pacific 2013 (Key Indicators), the 44th edition of this series, includes the latest available economic, financial, social, and environmental indicators for the 48 regional members of the Asian Development Bank. This publication aims to present the latest key statistics on development issues concerning the economies of Asia and the Pacific to a wide audience, including policy makers, development practitioners, government officials, researchers, students, and the general public. Part I of this issue of the Key Indicators is a special chapter---Asia's Economic Transformation: Where to, How, and How Fast?. Parts II and III comprise of brief, non-technical analyses and statistical tables on the Millennium Development Goals and seven other themes. This year, the 2013 edition of the Framework of Inclusive Growth Indicators, a special supplement to Key Indicators is also included. The statistical tables in this issue of the Key Indicators may also be downloaded in MS Excel format from this website or in user-specified format at SDBS Online. The statistical tables are complemented by a visualization tool that is intended to provide users with an alternative way to look at some of the development issues concerning the economies of Asia and the Pacific.
Author: Gambhir Bhatta
Publisher: Routledge
ISBN: 0429683308
Category : Business & Economics
Languages : en
Pages : 375
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Book Description
This book looks at the state of governance in countries of Developing Asia, ie, the poorer countries in the region and those with inadequate creditworthiness and with risk of debt stress. It assesses the state of public sector management and their attempts at governance reforms in these countries. It further considers the space for these countries to initiate and sustain reforms in a few key areas of public policy, including (i) generating more resources domestically; (ii) reforming the state-owned enterprises so that primarily governments do not lose a lot of resources in the form of subsidies; (iii) strengthening local governments so that services can be provided more effectively; and (iv) strengthening the agencies of government such that public sector functions, such as service delivery, are better and more effectively delivered. The book’s main conclusion is that while countries in Developing Asia have had difficulties in instituting governance and public sector reforms, the scope for doing so has never been better.
Author: Donghyun Park
Publisher: Routledge
ISBN: 1317530942
Category : Business & Economics
Languages : en
Pages : 320
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Book Description
Developing Asia’s sustained rapid growth has improved general living standards and lifted hundreds of millions of Asians out of poverty within a generation. Yet the region now finds itself confronting rising inequality. Countries where inequality has worsened over the past 2 decades collectively account for over 80% of Asia’s population. As a result, governments across the region have begun to accord a higher priority to promoting more inclusive growth. The international experience, especially the experience of the advanced economies, suggests that fiscal policy can make a potent contribution to reducing inequality. This book systematically explores the relationship between both sides of fiscal policy—public spending as well as taxes and other fiscal revenues—and inequality in Asia at great depths. On the basis of the analysis, the book sets forth a number of concrete options for rendering fiscal policy a more effective tool for more inclusive growth that benefits all Asians. Inequality, Inclusive Growth, and Fiscal Policy in Asia is written in response to an issue of growing demand in most Asian countries, and it comes at a time when Asian governments are also beginning to use fiscal policy to bridge the glaring disparities between the rich and the poor of the region. As such, the book will be a highly valuable reference for researchers, policy makers, and students as well.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292544535
Category : Business & Economics
Languages : en
Pages : 770
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Book Description
The Asian Development Outlook 2014 projects that developing Asia's growth will increase from 6.1% in 2013 to 6.2% in 2014 and 6.4% in 2015. Moderating growth in the People's Republic of China as its economy adjusts to more balanced growth will offset to some extent the stronger demand expected from the industrial countries as their economies recover. Risks to the outlook have eased and are manageable. The monetary policy shift in the United States may invite some volatility ahead in financial markets, albeit mitigated by accommodative monetary policy in Japan and the euro area. The regional growth outlook depends on continued recovery in the major industrial economies and on the People's Republic of China managing to contain internal credit growth smoothly. Widening income gaps in developing Asia strengthens the case for greater use of fiscal policy to foster equality of opportunity. While the region has benefited from fiscal prudence in the past, demographic and environmental challenges are expected to compete for public resources in the coming years. To boost public spending on equity-enhancing programs such as education and health without undermining fiscal sustainability, the authorities will need to explore a wide range of options for mobilizing revenue and to build equity objectives into their fiscal plans.
Author: Rajeesh Kumar
Publisher: Springer
ISBN: 1137356758
Category : Political Science
Languages : en
Pages : 487
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Book Description
The authors uncover the roots of the eurozone crisis, focusing on how this can be solved against the backdrop of a very deep financial and economic crisis and its strong social impact. Looking at the impact of the financial crisis on the eurozone, they explore the European Union's recent and future developments.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292540238
Category : Business & Economics
Languages : en
Pages : 690
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Book Description
The Asian Development Outlook 2013 estimates that regional economic growth in the Asia Pacific region will pick up to 6.6% in 2013 and reach 6.7% in 2014. This is a distinct improvement on 2012, when growth stood at just over 6%. Consumer prices are expected to rise by 4.0% in 2013 and 4.2% in 2014, up from 3.7% last year. Leading regional economies are settling into a pattern of more moderate, more sustainable growth, founded on new opportunities nearer to home, including domestic consumption and intra-regional trade. Meanwhile, Asia's contributions to global imbalances---its persistent current account surpluses---are smoothly winding down. Yet, developing Asia's recovery phase remains vulnerable to shocks. Strong capital inflows could feed asset bubbles, for example.
Author: John West
Publisher: Springer
ISBN: 9811071829
Category : Political Science
Languages : en
Pages : 336
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Book Description
This book is open access under a CC BY 4.0 license. This book delves into the widely held belief that the 21st century will be the "Asian Century" by examining the Asia's rapid economic development in the post-war era and the challenges it faces in forging ahead of world leaders in the West. The impact of the current turbulent global political climate on Asia is critically analyzed, employing a holistic and multidisciplinary approach, combining economic, social, political and geopolitical perspectives. Written in an accessible style, the book offers students, business, government, and civil society players powerful insights on Asia.
