Titlebook: Rebalancing for Sustainable Growth; Asia’s Postcrisis Ch Masahiro Kawai,Jong-Wha Lee Book 2015 Asian Development Bank Institute 2015 Emergi

GLOSS

Introduction and Overview,n in export demand, and in some cases, capital flow volatility resulted in turbulence in foreign exchange and capital markets. The export-led growth model which had driven growth of Asian economies showed its limitations and may have aggravated the negative consequences of the global financial crisi

CLAIM

拖债

休闲

aviator

Enhancing Social Protection,ewed as an expensive luxury that only rich economies can afford. Most Asian governments, while maintaining a few social programs to assist very poor and disadvantaged groups, have generally considered social protection as the responsibility of one’s self, family, and close community. The chapter exa

万神殿

俗艳

Forging Regional Cooperation,ional demand. The main topics covered in this chapter are: (i) the provision of foreign exchange liquidity; (ii) implementation of a regional FTA; (iii) cooperation to develop and finance infrastructure investment; (iv) regional monetary and financial institution-building to support regional surveil

Endemic

Barrister

Introduction and Overview,pment that will create more balanced growth. This new model would entail not only growth that is less dependent on exports, but also growth that is inclusive and environmentally sustainable. This change will require a series of domestic structural reforms in Asia and intensive regional policy coordination.

anchor

Crisis Impact,ater flexibility of foreign exchange rate systems softened the impact of the liquidity crunch. Finally, the depreciation of the region’s currencies against the US dollar during the height of the crisis subsequently helped to improve the competitiveness of exports to propel East Asia’s recovery.