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.
Cyn-Young Park (朴信永)
Ms. Park manages a team of economists to examine policy issues related to developing strategies and approaches to support regional cooperation and integration; and produce the Asian Economic Integration Report. She has been a main author and contributor to ADB’s major publications including, the flagship Asian Development Outlook, Asia Capital Markets Monitor, Asia Economic Monitor, Asia Bond Monitor, and ADB Country Diagnostic Study Series. Ms. Park has also participated in various global and regional forums, and has written and lectured extensively about the Asian economy and financial markets. Prior to joining ADB, she was an economist with the OECD.
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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.