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In December 2012, Japan’s Liberal Democratic Party won the general election, making Shinzo Abe Prime Minister of Japan, a post that he had previously held in 2007. “Abenomics” refers to the economic policies advocated by the prime minister after the election, which were designed to revive the sluggish economy with “three arrows”: (i) fiscal consolidation, (ii) more aggressive monetary easing by the Bank of Japan, and (iii) structural reforms to boost Japan’s competitiveness and economic growth.
By Sebastian Paust. Posted November 20, 2014
The United States’ “pivot to Asia” has been intensely discussed over the last years. But recently, a new pivot model has come up: the Russian Federation’s pivot to Asia. This article analyzes this topic from an economic perspective by asking: Is the Russian economy really about to shift its focus thus far centered on the European Union (EU) to Asia?
By Shiro Armstrong. Posted September 16, 2014
Indonesia's president-elect Joko Widodo (Jokowi) has declared he aims to push the growth rate of the economy above 7% a year. The growth rate has been running below 6% a year, and the World Bank and IMF predict that it will continue at 5.6% and 5.8%, respectively, in 2015.
Tourism is one of the most promising growth sectors in the Pacific region. The number of tourist arrivals has more than doubled in the past decade, from around 600,000 in 2002 to 1.3 million ten years later. The potential for tourism in the Pacific is substantial as many islands offer unspoiled nature and scenic landscapes. However, travel to the Pacific can be inconvenient. There are only 35 direct flights from countries outside the Pacific to countries in the Pacific and the flight frequency is low. New research by ADBI shows that the number and frequency of direct flights is an important determinant on the number of tourist arrivals in the Pacific. The research also highlights that the potential of receiving large numbers of Asian tourists remains untapped. However, realizing the great potential of tourism will not only depend on better connectivity, but also on the capacity of Pacific region countries to respond to the growing demand.
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