The massive Regional Comprehensive Economic Partnership presents a major trade opportunity for Asia but there are still critical details that need to be worked out.
The tradeoff between lost lives during the pandemic and lost livelihoods is often viewed as an all-or-nothing choice between complete lockdown versus zero restrictions. In reality, a balance can be struck.
The Regional Comprehensive Economic Partnership brings 15 nations and 2.2 billion people into a trade partnership. It also offers broad economic and societal benefits that go beyond imports and exports.
The pandemic provides an opportunity for regional financial cooperation on reforms to make Asian banks more resilient to crises.
Simmering trade disputes are decreasing the beneficial effects of free trade and could in the long-term damage the rules-based order upon which global commerce is based.
Global supply chains link the welfare of disaster-hit companies and their surrounding communities to a network of corporations that have an economic incentive to help them bounce back.
Lining up rights-of-way for megaprojects, such as railways and highways, in crowded places is challenging but it can be done with an imaginative and respectful plan.