Both global and regional trade integration can affect national exports, and vice versa.
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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Asia’s financial markets are increasingly vulnerable to external shocks. Here are three steps to make its economies more resilient.
Asian policy makers must take proactive steps to turn a nascent upturn into a sustained boom. Missing the opportunity will have enormous costs.
One plausible reason for the shock result could be unequal distribution of benefits from globalization and free trade.
Beyond political rhetoric, the question is whether the current trend is indeed ominous of growing protectionism on the horizon.
The developing world has a long way to go to reach the stage of financial sector development of advanced economies.