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PRC's incoming leaders face tough economic challenges

In recent discussions that I have had with decision makers and economists working on People’s Republic of China (PRC), the question on the incoming leadership’s approach to economic reforms inevitably comes up. Is the transition to new leadership a good opportunity to rethink economic policies?

Should the Eurozone Crisis Dissuade Asia from Integrating?

I have a straight answer and a caveat. The answer is: Definitely Not. The caveat is: integration is a long-term process. Over time, Asia definitely needs to become more integrated in order to sustain its growth as well as its contribution to global growth. In the medium-term, Asia should exert concerted efforts to continuously boost regional cooperation.

Ramesh Subramaniam

Why Should People’s Republic of China Unlock Services?

A well-developed services sector plays a major role in improving production efficiency and promoting technical progress and innovation. The services sector has expanded rapidly in the People’s Republic of China (PRC) since economic reform was launched in 1979, and particularly after PRC joined the World Trade Organization in 2001. However, the size of the sector as a share of GDP appears to be significantly smaller than expected based on PRC's income level and development stage.

Yolanda Fernandez Lommen

Regional cooperation and integration in a changing world

With Asia’s continuing rise and growing impact on the global economy, regional cooperation and integration (RCI) is expanding, bringing with it both benefits and costs. To sustain region-wide economic growth, an integrated market for the free flow of trade and investment across the region is necessary.

Jayant Menon

Solving the regional and global trade jigsaw puzzles

The rise of mega-regionals such as the Regional Comprehensive Economic Partnership (RCEP) and the Trans-Pacific Partnership (TPP) suggest that the world trade system is fragmenting to appear more like a jigsaw puzzle than a spaghetti bowl. How do we resolve the growing mess?

Jayant Menon

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.

Kiyoshi Taniguchi

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