ADB Principal Economist and ARIC Team Leader Jong Woo Kang shares some trends in developing Asia's financial market integration and insights on further financial market deepening as key to economic development. Read the blog here.
Director of Purdue University's Center for Global Trade Analysis Prof. Dominique van der Mensbrugghe spoke 21 March at ADB kHub on how evolving demographics and structure of economic growth will influence Asia’s future climate and environmental policies.
The ARIC Free Trade Agreement (FTA) database February 2016 update registers 220 FTA that are under negotiations, signed but not yet in effect, and in force. 140 FTAs are now effective from only 106 five years ago. The rest are either pending ratification or under negotiation.
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?
So what drives this new trend? ADB’s recent Asian Economic Integration Report 2015 highlights cyclical factors such as weak global demand, as well as potential structural factors like slower expansion of global value chains, and growth moderation and structural transformation in the People’s Republic of China (PRC).
The decision of the Republic of Korea to shut down the Kaesong Industrial Complex on 10 February in the wake of North Korea’s nuclear test and subsequent long-range missile test rattled the Republic of Korea’s stock market.