Asian Development Outlook 2011: South-South Economic Links by Asian Development Bank

By Asian Development Bank

Show description

Read or Download Asian Development Outlook 2011: South-South Economic Links PDF

Similar asian books

Heart's Agony: Selected Poems of Chiha Kim (Human Rights Series)

Within the again alley at daybreak¶I write you identify, O democracy-Chiha Kim

In Search of Better Governance in South Asia and Beyond

The pursuit for larger governance has assumed heart level in developmental discourse in addition to reform tasks of all organisations operating for the general public welfare, and comprises such concerns as carrier supply and responding to electorate’ wishes and calls for. within the period of globalization, multilevel and new modes of governance are altering the normal governance versions of state states, sped up through technological innovation, emerging citizen expectation, coverage intervention from overseas and multilateral donor groups, and the hegemony of western ideology imposed on many constructing international locations.

East Asian Economic Regionalism: Feasibilities and Challenges

Financial regionalism has develop into a global phenomenon. because the Asian monetary predicament, East Asian international locations are accelerating the continuing market-driven fiscal integration in addition to institutional monetary integration. The query is whether or not East Asia can succeed in an East Asian FTA (EAFTA), that's step one in the direction of institutional financial integration.

Additional info for Asian Development Outlook 2011: South-South Economic Links

Example text

With reform and fiscal discipline commitments by its debt-stressed members anchored in this way and the European Stability Mechanism coming into place as a permanent financial backstop facility, eurozone leaders hope to have found a response strong enough to assuage financial market sentiment now and to avert similar crises down the road. So far, market reactions have been muted. 3% in 2009. Rebounding exports, the low 2009 base, and a series of fiscal stimulus packages boosted growth. 8 percentage points of GDP growth, with domestic demand accounting for the rest.

In Japan, the dilemma is further heightened by the expected fiscal burden of disaster relief and recovery efforts stemming from the earthquake and tsunami. Given the escalation of public debt in both countries, such a failure could erode financial market confidence, which would push up borrowing costs, further exacerbating the problem. 17 18 Asian Development Outlook 2011 High and volatile global commodity prices The return of global growth, combined with lack of readily available spare production capacity, is driving demand for both oil and food.

In February 2011, for example, the benchmark index for food prices of the Food and Agriculture Organization of the United Nations reached the highest level (nominal and real) since its inception in January 1990. 24). 25). A key difference with the food-price crisis of 2007–2008, this rise was moderate partly because Thailand and Viet Nam released ample supplies from their rice stocks to mitigate rising price pressures. The price of wheat, however, almost doubled in the same period. Domestic rice and wheat prices in many developing Asian Source: World Bank.

Download PDF sample

Rated 4.09 of 5 – based on 50 votes