While advanced economies have been faced with unsettled markets and increased uncertainty, developing Asia has led the world recovery from the 2008/09 Great Recession.
As the center of economic gravity shifts toward Asia, the region is now expected to assume greater responsibilities in managing this new world economic order. Thus, Asia needs to define, clarify, and substantiate its position on a multitude of issues on the international policy agenda to sustain economic growth and development, both globally and regionally.
Acknowledging these circumstances, the Korea Development Institute (KDI) shares the views of the Asian Development Bank (ADB) and the Export-Import Bank of Korea (KEXIM) that a joint project that looks at critical economic challenges at the global, regional, and national level is timely and meaningful. KDI intends to contribute by conducting insightful analyses and drawing substantive policy implications so as to enhance the capacity of Asian policymakers in addressing global economic challenges through such international fora as the Group of Twenty (G20), Association of Southeast Asian Nations (ASEAN), ASEAN+3, East Asia Summit (EAS), Asia-Pacific Economic Cooperation (APEC), and country-level discussions of ADB's developing member countries.
From Asia’s perspective, this report looks at policies to meet global economic challenges in three areas: crisis response and prevention in Chapter 2; trade liberalization, growth, and bipolarization in Chapter 3; and green growth and climate action in Chapter 4.
Policies to meet global economic challenges
|Series Title; No||Knowledge Sharing Program; 2012 Joint Consulting with IOs|
|Subject Country||Asia & Pacific(Asia and Pacific)
South Korea(Asia and Pacific)
|Subject||Economy < Economic Administration|
|Holding||Ministry of Strategy and Finance|
|Recipient Country||Asia & Pacific(Asia and Pacific)|
|Donor Country||South Korea(Asia and Pacific)|
|Sponsor||Ministry of Strategy and Finance|
|Project Term||2012-01-01 ~ 2012-12-31|