Finance

Emerging Asia should brace for higher global interest rates

Emerging Asia should brace for higher global interest rates
The US Fed has been winding down its bond purchase program, widely known as “quantitative easing,” since December 2013. The program was introduced in the wake of the 2008 global financial crisis to fight the recession and foster a rapid economic recovery. With the improvement in the US economy, the Fed suggested at its policy meeting in March that the program may end this coming fall and it may start raising interest rates about six months from then. Read more.
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Social Development and Poverty

Eradicating absolute poverty by 2030 – are we aiming too low?

The post-2015 development agenda is leaning toward a goal of eradicating absolute poverty by 2030. The World Bank’s recently approved corporate strategy has the same goal. I believe, however, that this target is absolutely meaningless for the Asia and Pacific region. Read more.
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Trade

The German Mittelstand – a model for Asia’s emerging economies?

German Mittelstand (GM), the small and medium-sized enterprises (SMEs) in Germany—are a unique and highly successful economic phenomenon that could serve as a model to promote trade and industry for emerging Asia. Read more.
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Social Development and Poverty

The relevance of $1.25 – recounting the poor

The relevance of $1.25 – recounting the poor
The millennium development goals (MDGs), which end in 2015, are a remarkable set of agreed global aspirations, with the world community committing to eradicate extreme poverty for the first time in history. In the 19th century around 80% of the population was poor with affluence generally uncommon. Over the last two hundred years, however, thinking about poverty has changed dramatically. Where once poverty was considered the norm, governments now use public policy to make it the exception. Read more.
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Governance

India: Defeat of the inclusive growth agenda?

India: Defeat of the inclusive growth agenda?
Elections are complex affairs and the factors that give rise to a change of government normally include the three Ps of personalities, policies, and past performance. This is certainly true of the recent election in India. The Congress Party, led by the Gandhi dynasty, lost control of the government to a resurgent Bharatiya Janata Party headed by the former chief minister of Gujarat state, Narendra Modi. A key question is whether the policies of inclusion, pursued by Congress for a decade, were rejected by the electorate. Read more.
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