Governments need to strategically use financing opportunities while safeguarding their economies from the risks of runaway debt and poor debt management.
Jong Woo Kang
Jong Woo is a seasoned economist with extensive knowledge and experience on policy and strategic issues. He leads the publication of Asian Economic Integration Report. Jong Woo’s areas of research interest include regional integration, inclusive growth, macroeconomic and trade policies, and aid effectiveness.
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The Regional Comprehensive Economic Partnership brings 15 nations and 2.2 billion people into a trade partnership. It also offers broad economic and societal benefits that go beyond imports and exports.
How wisely governments cope with current and long-term economic challenges caused by COVID-19 will be an important defining factor for the prosperity of our and future generations.
As Asia and the Pacific emerges from the pandemic, companies must embrace principle as well as profit.
An inversion of the US bond yield curve usually foreshadows an economic downcycle. But this time could be different.
Emerging economies should take careful stock of their economic fundamentals, and intensify efforts to improve their current account and fiscal soundness.
In the future, many Asian economies may not accumulate huge trade surpluses or foreign financial assets as quickly as now.