Join getAbstract to access the summary!

Future of the Asian Economic and Financial Community

Join getAbstract to access the summary!

Future of the Asian Economic and Financial Community

OECD,

5 min read
5 take-aways
Audio & text

What's inside?

The future looks bright for Asian economies, but only if they carry out crucial reforms.

auto-generated audio
  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×
auto-generated audio

Editorial Rating

7

Qualities

  • Analytical
  • Well Structured
  • Background

Recommendation

Asian economies have come through the financial crisis in relatively robust health and should grow solidly in the coming years. But to improve their chances of continued progress, individual nations need to execute “structural reforms.” Rintaro Tamaki, deputy secretary-general of the OECD, explains the challenges facing this dynamic region. Taken from Tamaki’s address to a conference of Asian central bankers, this technical paper is heavy on statistics. Although it doesn’t provide a country-by-country analysis, getAbstract recommends its solid information to investors, finance professionals, policy makers and leaders of businesses operating in Asia.

Summary

Indications suggest that Asian economies will grow faster than the global average until 2017. However, this prediction is not a foregone conclusion, and a number of Asian economies, especially in emerging Southeast Asia, will need to undergo structural reforms in three areas if they are to maintain momentum:

  1. “Trade” – Global value chains have become “a dominant feature” in the world economy. Asian states must enhance productivity if they are to compete with low-cost producers in other emerging economies and move up the...

About the Author

Rintaro Tamaki is deputy secretary-general of the OECD. He leads OECD policy on environment, development, green growth, financial affairs and taxes.

Comment on this summary