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- Title
The future of the Asian economic and financial community.
- Authors
Tamaki, Rintaro
- Abstract
From its beginning, Asia has been an important region for the OECD in terms of its members and partners. While the region's economic performance is still strong, structural reforms, underpinned by coherent macroeconomic polices, need to be put in place to maintain this positive momentum. This note focuses on three specific medium- to long-term issues that are important in shaping the future of the Asian economic and financial community: first, in the area of trade, the importance of measuring trade in value added terms; second, funding long-term investment, especially in infrastructure, and making these investments "greener"; third, regional financial cooperation in Asia that should become more solid and robust. Some further policy challenges are shortly addressed at the end where several areas of co-operation between the OECD and the Asian region are highlighted and further possibilities for joint work are briefly explored.
- Subjects
OECD countries; ECONOMIC conditions in Asia; ORGANISATION for Economic Co-operation &; Development; MACROECONOMICS -- Government policy; VALUE added (Marketing); INFRASTRUCTURE (Economics); ECONOMIC infrastructure investing; INTERNATIONAL trade financing
- Publication
OECD Journal: Financial Market Trends, 2012, Vol 2012, Issue 2, p67
- ISSN
1995-2864
- Publication type
Article