About Cyn-Young Park
Cyn-Young Park is assistant chief economist and director of the Economic Analysis and Operations Support Division in the Economics Research Department of the Asian Development Bank (ADB). Prior to joining ADB, she served as economist from 1999 to 2002 at the OECD. She received her PhD in economics from Columbia University. She holds a bachelor degree in international economics from Seoul National University.Preparing for life after the MDGs
The establishment of the Millennium Development Goals (MDGs) by the United Nations in 2001 was a defining moment. It rallied a global effort in the fight against poverty, hunger, and disease, while promoting universal education, gender equality, and environmental sustainability.
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.
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