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By Helmut Reisen. Posted March 14, 2014
Many emerging markets assets submerged in 2013 and continued to do so in early 2014. The negative reaction of currency and stock and bond prices in several emerging markets to a cautious statement (“taper talk”) by US Federal Reserve Chairman Ben Bernanke in May 2013 was swift. In early 2014, new-year recommendations by Wall Street´s biggest banks advised clients to cut their emerging-market allocations, for a diffuse variety of reasons such as elections, violence, lack of reform, and growing debt burdens. Read more.
By Dale Jorgenson. Posted December 7, 2012
The global economy is undergoing a fundamental change. Despite concerns over slowing growth in the People’s Republic of China, India, and Japan, and the possible dissolution of the eurozone, global economic growth is accelerating. How can this paradox be explained? If the global economy is shifting toward the more rapidly growing economies, then the world’s growth rate would shift toward the growth rates of the more rapidly growing economies. Thus, even if the growth rates of the PRC and India were to slow, global growth, which is considerably lower than that of both countries, would accelerate. The growth acceleration will lead to a new world economic order, associated with more rapidly growing countries such as the PRC and India, which are going to have a larger share of the global economy. Read more.
By Renu Kohli. Posted July 12, 2012
Unexpectedly weak growth in the first quarter of 2012 was a slosh of icy water in the hot Indian summer. The near-halving of GDP growth to 5.3% in the first quarter of 2012 from a stellar 10.1% in the same period in 2010 has led some analysts to question whether India’s high-growth phase was a blip. However, a close look at the underlying causes of the present downturn suggests that it is cyclical, although with deep underlying distortions that need a fundamental overhaul to put growth back on track. The structural drivers capable of sustaining high growth rates over a long period remain in place. Read more.
By Masahiro Kawai. Posted January 6, 2012
I am delighted to welcome readers to Asia Pathways, the new blog of the Asian Development Bank Institute (ADBI). Our goal in launching this blog is to present readable and lively analyses of important economic and development issues in the Asia and Pacific region. We hope to encourage debate among policymakers, researchers, practitioners, journalists and other sections of the public who may wish to follow and engage in public policy discourse. ADBI already produces a wide range of analytical material on Asia and the Pacific, ranging from working papers and policy briefs to scholarly books. I encourage readers to visit our website for full details of these. Read more.
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- Agriculture and rural development
- Information and Communications Technology
- Poverty Reduction
- Public-Private Partnership
- Regional Cooperation
- Social Development and Poverty
- Monetary policy spillovers in emerging Asia
- Asia’s financial connections with the rest of the world: Changing patterns
- Digital trade needs more coordination, leadership
- Electrifying emerging ASEAN through off-grid distributed renewable energy systems
- Economic impacts of obesity in the Republic of Korea
- Escaping the middle income trap: Innovate or perish on
- Hometown investment trust funds: A sustainable solution for financing green energy projects on
- Why is Income Distributed Unequally? A Comparison of Japan and the United States on
- Why poor countries should invest first in national trade infrastructure on
- Market failure or low-skills equilibrium? on