Almost 1,500 years ago in the sixth and seventh century, southern Kazakhstan was part of the famous Silk Road that carried goods, ideas and cultural influences from as far as China to Europe.
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.
The production processes and supply chains that feed into the production of masks, gloves and other personal protective equipment must be secured.
Just as past crises triggered international and regional financial cooperation, the pandemic offers an opportunity to collectively improve financial resilience and soundness.
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.
Multiple and overlapping initiatives in Asia also risk creating a “noodle bowl” phenomena more usually associated with free trade agreements, which bring high transactions costs for economies and business.
Time will tell whether Asia-Pacific’s increasing trend toward regional integration extend further into labor markets.
A rules-based approach to monetary policy needs to be part of any discussion involving central bank policy.
There’s more to the revised mega regional Pacific Rim trade agreement than the US withdrawal.
Bank-held nonperforming loans in some Asian economies have risen in recent years. Policy makers should address this growing risk now.