Asia’s financial markets are increasingly vulnerable to external shocks. Here are three steps to make its economies more resilient.
These charts illustrate the strong momentum of Asia’s trade growth during 2021, showing its resilience amid continuing uncertainties around the pandemic and a potential slowdown in the pace of global economic recovery.
The crucial factor in effective governance is where the decision-making authority lies, and how it is exercised.
The developing world has a long way to go to reach the stage of financial sector development of advanced economies.
As Asia and the Pacific emerges from the pandemic, companies must embrace principle as well as profit.
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.
In the future, many Asian economies may not accumulate huge trade surpluses or foreign financial assets as quickly as now.
The revived Trans-Pacific Partnership retains significant potential for economic gains among its now 11 members, although the impacts will vary across countries.
Both global and regional trade integration can affect national exports, and vice versa.
Governments need to strategically use financing opportunities while safeguarding their economies from the risks of runaway debt and poor debt management.