Manufacturing Matters… But It’s the Jobs That Count
Findings in this paper suggest that the path to prosperity through industrialization may have become more difficult, and industrialization in employment has been more important for eventual prosperity than industrialization in output.
Future of Factory Asia
The success of Factory Asia depends on how fast Asia can expand its domestic and regional markets, and upgrade the competitiveness of its manufacturing sector.
Отчет Правительству Республики Казахстан: Политика диверсификации промышленного комплекса и сектора услуг в Азиатском регионе в 21 веке
Экономика Казахстана с момента обретения независимости в 1991 году демонстрирует очень хорошие результаты, доход на душу населения приблизился к $13 000. Столь высокие показатели экономики явились результатом реализации рациональных макроэкономических политик и благоприятного инвестиционного климата. Однако экономика Казахстана сохраняет значительную зависимость от нефти, и эта зависимость растет. В 2000 году объем экспорта нефти составлял 50% от всего объема экспорта, а в 2010 году - 61%.
Report to the Government of Kazakhstan: Policies for Industrial and Service Diversification in Asia in the 21st Century
In 2011, the Government of Kazakhstan requested policy advice from the Asian Development Bank (ADB) on how to further diversify the economy and on how to modernize its industrial policy.
Effects of Quantitative Easing on Asia: Capital Flows and Financial Markets
By examining capital flows and financial markets, this paper finds that Asian countries were affected by the United States’ quantitative easing either through domestic currency appreciation or an increase in housing prices.
A Practical Approach to International Monetary System Reform: Building Settlement Infrastructure for Regional Currencies
The global financial crisis has once again stimulated discussions to reform the international financial architecture. This paper proposes that establishment of regional settlement currencies can contribute positively to this reform agenda.
Capital Controls: A Pragmatic Proposal
Proposes a pragmatic approach to the use of capital controls, which leverages the Group of 20's (G20) indicative guidelines in measuring excessive imbalances to simplify the IMF’s guidelines on the use of capital controls.
A ZEN Approach to Post-2015: Addressing the Range of Perspectives Across Asia and the Pacific
The paper aims to present the key challenges being faced by the Asia and Pacific region as a number of its developing economies graduate from a low-income status to middle-income status.
Ending 'Too Big To Fail': Government Promises versus Investor Perceptions
Can a government credibly promise not to bailout firms whose failure would have major negative systemic consequences? Our analysis of the Republic of Korea's 1997-1999 crisis, suggests an answer: No. Despite a general "no bailout" policy during the crisis, the largest Korean corporate groups (chaebol)-facing severe financial and governance problems-could still borrow heavily from households through issuing bonds at prices implying very low expected default risk.
Lessons from the 1997 and the 2008 Crises in the Republic of Korea
The economy of the Republic of Korea was hit harder than anticipated by the global financial crisis. In the first phase, large capital outflows led to a severe liquidity strain in the foreign exchange market resulting in a rapid depreciation of the exchange rate. Then, in the second phase, the contraction of global demand led to a collapse of exports and a sharp decline in economic activity, raising concerns about a full-fledged financial crisis in the country.