The global economy was traditionally dominated by north-north relations with some concern for north-south relations. South-south economic relations were, until recently, of minor import.
The need for a second round of ‘look east’ policies in south Asia
Pradumna B. Rana, Chia Wai Mun, 1 April 2013
Growth dynamics and policy choices facing Indonesia
Ganeshan Wignaraja , 21 February 2013
Growth slowed in Indonesia in 2012, indicating that the global financial crisis and economic slowdown had indeed had an effect on ASEAN’s biggest economy. Indonesia grew at 6.2% in 2012, down slightly from 6.5% in 2011. Overall, this remains a respectable figure. Bear in mind that Indonesia's annual average growth in the previous decade was below 6% (see Figure 1).
The impact of China’s exchange-rate policy on trade in Asia
Alicia García-Herrero, Tuuli Koivu, 16 April 2010
The amazingly rapid rise in China’s exports, to a large extent at the cost of other countries’ market shares, has heightened the discussion about China’s exchange rate. The question really is whether such an export boom can at least partly be explained by an undervalued currency.
Alternatives to sizeable hoarding of international reserves: Lessons from the global liquidity crisis
Joshua Aizenman, 30 November 2009
The spectacular increase in hoarding of international reserves (IR) by emerging markets, in the aftermath of the East Asian crisis, has been one of the defining features of global imbalances (Summers 2006). This accumulation reflects, among other factors, the self insurance provided by international reserves against sudden stops and deleveraging crises (Aizenman and Lee 2007).
Tangled up in trade? The “noodle bowl” of free trade agreements in East Asia
Masahiro Kawai, Ganeshan Wignaraja , 15 September 2009
The inability to conclude the comprehensive WTO Doha Round has spawned a proliferation of bilateral and plurilateral free trade agreements (FTAs) across the globe. While East Asia is a relative newcomer to FTAs, the region has seen dramatic growth in FTAs in recent years. A lively debate over the impact of FTAs on business in the region has resulted.
East Asia and the new world economic order
Peter Drysdale, Hadi Soesastro, 7 April 2009
Now that the dust has begun to settle, it’s time to assess British PM Gordon Brown’s claim that the G20 Summit saw the creation of a new world economic order.
East Asia, the G20, and global economic governance
Hadi Soesastro, 10 March 2009
East Asian members of the G20 must participate strategically in this emerging global forum. They need to make sure that the G20 can produce policies and actions that will help bring the global economy out of the current crisis as soon as possible. Existing international institutions have been helpless in dealing with the issues the world now confronts and are in dire need of major reforms.
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Reichlin, Baldwin, 14 April 2013
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CEPR Policy Research
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