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Rebalancing for Sustainable Growth - Asia's Postcrisis Challenge (Paperback, Softcover reprint of the original 1st ed. 2015)
Loot Price: R2,232
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Rebalancing for Sustainable Growth - Asia's Postcrisis Challenge (Paperback, Softcover reprint of the original 1st ed. 2015)
Series: Economics, Law, and Institutions in Asia Pacific
Expected to ship within 10 - 15 working days
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The Asian model of export-led growth served it well in the post-war
period, but prolonged sluggish growth of the developed economies
following the global financial crisis, together with growing
inequality and rising environmental problems, point to the need for
a new growth model. The purpose of this book is to describe the
challenges facing Asian economies in the post-global financial
crisis environment and to identify structural issues and policies
that can help guide Asian policymakers to expand the growth
potential of domestic and regional demand in coming years, and
thereby create a basis for balanced, sustainable, and inclusive
long-term growth. These issues and policies span a variety of
dimensions, including macroeconomic policy (monetary, fiscal, and
foreign currency management), real sector issues (trade and
industrial structure), infrastructure development, labor market and
social policy, financial sector reform and regulation, and regional
cooperation and architecture. Key recommendations to achieve these
goals include measures to: deepen social protection to support
social resilience; increase infrastructure investment to create a
"seamless Asia"; enhance productivity in the services sector;
establish a region-wide free trade agreement to encourage
intraregional trade in goods and services and investment through
economies of scale and dynamic efficiency of a larger market;
promote a shift to a low-carbon society and support green growth;
and deepen and integrate financial markets to facilitate the
recycling of Asia's high savings for investment within the region.
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