Looking at India through Piketty’s eyes
Thomas Piketty, a young French economist, has redefined the relationship between capital and inequalities in his book Capital in the Twenty-First Century.
From Farm to Fork—Combating Asia’s Hidden Hunger
Feeding the world is becoming an increasingly complex task. Providing all our daily bread—or rice—requires grappling with intense competition for natural resources, producing more from less land and dealing with changing dietary habits. But meeting food needs is not just about quantity. Quality is also important. Along with daily minimum calorie requirements, people also need vital micronutrients from their meals. High levels of micronutrient deficiencies, a phenomenon we call “hidden hunger” remains pervasive, particularly in South Asia and Southeast Asia.
Storm Clouds Ahead – Disease in the age of climate change
Rapid and dynamic changes in Southeast Asia including population growth and movement, as well as booming urbanization, have contributed to the complexity of combating the spread of tropical diseases. Now the region is faced with an even greater challenge: climate change
To invest, or not to invest? That is the problem in Myanmar
Myanmar opened a new chapter in its history in November 2010 when it adopted its open-economy policy. Since then, an impressive array of reforms have been implemented. However, Myanmar’s sustainable and inclusive growth depends on it maintaining this momentum during its transition —particularly inflows of foreign direct investment.
Banking integration in ASEAN gathers pace
The ASEAN Economic Community, planned to come into effect in 2015, is expected to liberalize goods, capital and skilled labor flows in the ASEAN region. While there has been considerable progress in the area of trade integration, financial integration still lags behind. The ASEAN Banking Integration Framework, which aims to liberalize the banking market by 2020, could help pave the way for further integration and the entry of ASEAN banks into regional banking markets.
Impact evaluations crucial for effective public policy
Asian countries are increasingly turning to investing in dedicated development programs rather than relying entirely on economic growth to deliver better social outcomes. Evaluations of their actual impact have not always accompanied such decision making, but where they have, it has made a key difference.
Renminbi stepping in right direction toward internationalization
The PRC may be a globally significant economic and trading power, but the market share of its currency, the renminbi (RMB), lags well behind the US dollar and the euro. To align the RMB with its growing global stature, the PRC has embarked on a strategy to internationalize the currency. Typically, it is taking a gradual approach.
Unlocking Myanmar’s potential
Economic and political transition is never an easy process for any country and it will be no different for Asia’s fast awakening tiger, Myanmar.
Will we see an ASEAN Economic Community by 2015?
Launched as a political bloc and security pact in the aftermath of the Viet Nam War, the Association of Southeast Asian Nations (ASEAN) has evolved to embrace an ambitious economic agenda. Its latest project is to establish the ASEAN Economic Community by 31 December 2015. But is this likely?
Five bond market trends to watch out for in 2015
As 2015 gathers pace, the world seems to be entering a more uncertain and unpredictable phase. With the end of quantitative easing by the Federal Reserve, we are entering an era of tighter global liquidity.