The effects of global climate change are multifaceted. Pacific nations are highly vulnerable to the impacts, including intensified storm surges, cyclones, and rising sea levels.
Cyn-Young Park (朴信永)
Asian stock markets have been under pressure recently from an announcement by the US Federal Reserve that “quantitative easing”, or QE as it is commonly referred to, is likely to be tapered off in the near future.
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.
Asia needs to rethink its traditional growth strategy of relying on global exports and look to more trade with its regional neighbors.
Good nutrition and health are essential for improving productivity and economic growth and reducing poverty. In particular, adequate nutrition at a young age is a promise for the future, not only of the individuals but also of the society and the nation.
Bhutan’s development has been guided by its philosophy of gross national happiness—of striving to balance spiritual and material advancement through four pillars: sustainable and equitable economic growth and development, preservation and sustainable use of the environment, preservation and promotion of cultural heritage, and good governance.
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.