Word: regionalize
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...been a major complication for China's central bank and its execution of a coherent monetary policy. Asia's rural-urban dichotomy also creates a natural fragmentation to its social and economic fabric - underscoring ever widening income and educational disparities that remain a major source of instability in the region. Widespread corruption further complicates the macro implementation of Asia's development imperatives. The more the region matures and makes further progress on the road to economic development, the greater the need for improved macro coordination...
...Chinese experience is a microcosm of the broader Asian development model, Wen's "four uns" are very much a blueprint of what it will take to realize the aspirations of the Asian Century. Just as the financial crisis of the late 1990s was a wake-up call for the region to put its financial house in order, the global crisis and recession of 2008-09 is a strong signal for Asia to refocus the basic structure of its economic-development model...
...From a macroeconomic point of view, better balance is Asia's most urgent priority. Central to that rebalancing will be the long-awaited emergence of the Asian consumer. For a region steeped in a culture of saving, this will not be an easy transformation. Here again, China undoubtedly holds the key. Its legendary excesses of precautionary savings are traceable to two major developments: massive layoffs associated with over 15 years of state-owned enterprise (SOE) reforms and the lack of an institutionalized social safety net. With SOE reforms likely to be ongoing - albeit probably at a slower pace...
...attempted to explain away its poor track record, arguing that when scaled by its enormous population, its pollution problem still falls well short of developed countries'. Asian leaders have also argued that since economic development, itself, is a resource-burning and pollution-intensive endeavor, the delayed onset of the region's economic takeoff casts it unfairly as the villain in an era of global warming. Although both of these claims have considerable merit, a damaged planet engenders little sympathy for the Asian excuse. On an absolute basis, Asia now makes the largest contribution to total growth in global pollutants...
...largely offer inward-looking prescriptions. But the Next Asia has much to gain from its external linkages - especially by focusing more on the benefits of cross-border economic integration. Perhaps the greatest opportunity in that regard could come from closer ties between the two greatest powers in the region: Japan and China. Despite a long and difficult history between them, these two nations are natural complements in many key respects. Japan, with its declining population and high-cost workforce, has much to gain from Chinese outsourcing and efficiency solutions. China, with its need for new technologies and pollution abatement...