On the back of Emerging East Asia’s sustained high economic growth and deepening regional economic integration, hypothesis on the region’s macroeconomic independence and its resilience to global shocks gained considerable attention. This paper, written by Cyn-Young Park, Director of ADB Research Cooperation and Integration Division, examines Asia’s decoupling from the world economy, with a special focus on the region’s interdependence with the G3 economies—the US, Japan, and the EU.
- 01Dec2016Highlights of the International Conference on Financial Cycles, Systemic Risk, Interconnectedness, and Policy Options for Resilience
The conference held on 8–9 September 2016 strengthened understanding of how systemic risks build up and spread across different financial networks.
ERCD presented the AEIR 2016 in an event co-organized with KARM and IWEP on 9 December in Almaty. KARM CD Giovanni Capanelli provided an overview of ADB's role in Central Asia and chaired the panel discussion. ERCI's Jong Woo Kang and Fahad Khan presented the report's findings to over 50 participants from government agencies, research institutes, and private sector. View video here
The Asian Economic Integration Report (AEIR) is an annual review of Asia's regional economic cooperation and integration. This issue includes Special Theme: What Drives Foreign Direct Investment in Asia and the Pacific? The subregional launch of the AEIR will be on 9 December 2016 in Almaty, Kazakhstan.
ADB Deputy Chief Economist Juzhong Zhung in an interview with Channel News Asia talks about strong intraregional trade, role of global value chain-trade, and the importance of institutional quality in attracting FDI.
- 06Dec2016AEIR 2016: ADB Research Cooperation and Integration Division Director Cyn-Young Park interview with BBC News
ADB Research Cooperation and Integration Division Director Cyn-Young Park in an interview with BBC News talks about anemic global economic recovery, trade slowdown, and rising protectionism.
The Asian Economic Integration Report (AEIR) 2016 is ADB's annual report on Asia’s regional economic cooperation and integration, covering 48 regional members of the ADB and analyzing their regional as well as global economic linkages. This issue includes Special Theme: What Drives Foreign Direct Investment in Asia and the Pacific? Read highlights and news release. Download report here.
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.