The global financial crisis of 2008-2009 offers a rare opportunity for many economies to undertake wide-ranging structural reforms to improve productivity and economic efficiency.
It is up to policy makers to unlock the enormous potential of services in the People’s Republic of China.
To influence government officials who make policies, researchers need to deliver understandable results and present clear ways forward.
A new institution, offering greater development assistance, is badly needed.
We can all take simple steps to encourage financial inclusion.
As articulated by Cavoli, Rajan, and Siregar (2004) in their survey of East Asian financial integration, financial integration is a multidimensional process closely associated with development of financial markets.
The changing landscape of finance is a huge subject so let’s start with a short history of banking (thanks here to Wikipedia). The word actually comes from banca or bench where the moneylenders sat.
Asians love to talk about money. We discuss the price of everything. How much money does the neighbor make? How much does a traditional Asian wedding cost? How much does a private education cost?
2014 is shaping up to be another challenging year for bond markets in Asia after a see-saw 2013 which saw prices rise at the start of the year, and then fall back on news that the US Federal Reserve plans to reduce or ‘taper’ its quantitative easing operations.
Any contemporary story on development in Asia-Pacific begins with reflection on massive gains achieved in the fight against poverty. The incidence of people living on less than $1.25 a day fell from 54.5% in 1990 to 20.7% in 2010, with the number of extreme poor declining from 1.48 billion to 733 million. This precipitous decline in poverty incidence has been accompanied by tremendous gains in access to health and education.