This workshop will be held 27-28 March 2017 at Sheraton Grand Incheon Hotel, Republic of Korea. Jointly hosted by ADB, KCS, WTO, and KODAC, it's designed to examine the progress and impacts of trade facilitation and aid for trade on promoting connectivity in Asia and the Pacific, among others. Read more on the event details page.
ARIC’s Economic and Financial Indicators database is now updated with a new look. View and download Real and Prices, External Sector, and Monetary and Financial indicators, available for 48 ADB regional members from 1980 up to 2016 in monthly, quarterly, and annual frequencies.
ADB Principal Economist and ARIC Team Leader Jong Woo Kang discusses the possible repercussions of the US President's protectionist stance. Read the blog here.
Against the backdrop of rising bilateralism in the West, where does Asia stand? Is the region moving towards the same direction or is it charting its own unique course? Understanding the evolution of Asia’s FTA landscape holds the key to these questions.
US President Donald Trump recently signed executive orders to withdraw the US from the Trans-Pacific Partnership (TPP) and renegotiate the North American Free Trade Agreement (NAFTA). Both moves suggest his pre-election rhetoric of criticizing the current international trade regime is being translated into concrete action.
The outcome of the US presidential election on 9 November was historic in that it provides a yardstick against which to assess where popular sentiment is heading on important issues such as globalization, inequality, and international trade.
It has yet to be probed whether the global economic slowdown has led to the rise of protectionist trade policies, or it’s the other way around. Either way, the fact that protectionism is growing around the world should concern economists and practitioners alike.
The key to boosting the region’s potential growth is to continue structural reforms. These are policy actions that eliminate impediments to efficient resource allocation, reduce technical and managerial inefficiency, enhance an economy’s ability to respond to shocks, and lay the foundations for greater private investment and innovation.
Wall Street bashing is always in vogue during election time, as we are observing in the run-up to the US presidential election. Is this because financiers and bankers deserve punishment for their greedy and reckless behavior that adds no value to the economy? Or are they simply political footballs?