Asia’s economies have generally maintained sound macroeconomic policies that can help the region withstand this latest challenge and emerge even stronger.
A rules-based approach to monetary policy needs to be part of any discussion involving central bank policy.
To offset the declining benefits of manufacturing, governments must increase the productivity of the services sector. This will boost growth and offer employment opportunities.
Past financial crises have demonstrated how adequate financial safety net arrangements—globally, regionally, and nationally—are vital to safeguarding financial stability.
Southeast Asian economies are starting to feel the pinch of trade tensions, recession fears and other global trends.
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.
Performance assessments help people in Southeast Asia determine how well their government is performing and how they can be improved.
A tax on migrating workers compensates the exporting country for loss of the human capital created by its education and skills development programs.
Making it easier for workers to move between countries is key to liberalizing the trade in services and unleashing the benefits it will produce across national and regional economies.
The World Trade Organization’s Trade Facilitation Agreement provides a roadmap for developing economies to increase trade while also increasing the benefits it provides to their citizens.