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Towards a Sustained Recovery

Overview

Asia Pacific countries are mounting wide-ranging efforts to mitigate the impact of the global financial crisis and to adapt their growth models to new economic realities.  This project will assess the region’s progress in fighting recession, rebalancing economic structures, and managing the transition to a new, sustained growth path. It will anticipate the critical policy changes that will be required in the Asia Pacific to move from crisis management to stable growth, and explore important potential growth engines—ranging from regional integration to social policies and the environment—that can drive the region’s future development. The study will pay close attention to the role of regional linkages and cooperation in achieving a timely recovery.

The study will be released in the fall of 2009 with sections addressing: (a) new, sustainable growth models for the Asia Pacific, (b) progress by individual economies toward those models, and (c) the role of regional economic relations during the crisis and in facilitating recovery.

The research will build on data and forecasts developed by several institutions and will focus on analysis and synthesis rather than primary data collection. The taskforce is receiving support for its analytical work from the ADBI.

 


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Project Team

The report will be prepared by a core team of prominent economists drawn from major Asia-Pacific countries and led by Professor Peter A. Petri.

Core Team

  • Professor Peter A. PETRI (Coodinator, US)
    Brandeis University and East-West Center

  • Professor Yongfu CAO (China)
    Chinese Academy of Social Sciences and Visiting Scholar, Brandeis University

  • Professor Wendy DOBSON (Canada)
    University of Toronto

  • Professor Yiping HUANG (China)
    Peking University and Australian National University

  • Professor Michael PLUMMER (US)
    Johns Hopkins University (SAIS Bologna Center) and East-West Center

  • Professor Raimundo SOTO (Chile)
    Pontificia Universidad Catolica de Chile

  • Professor Shinji TAKAGI (Japan)
    Osaka University

Advisory Panel

  • Dr CHIA Siow Yue (Singapore)
  • Prof Barry EICHENGREEN (US)
  • Prof Christopher FINDLAY (Australia)
  • Amb Jonathan FRIED (Canada)
  • Dr Masahiro KAWAI (Japan, ADBI)
  • Dr Jong-Wha LEE (Korea, ADB)
  • Dr Yung Chul PARK (Korea)
  • Prof Hugh PATRICK (US)
  • Mr Andrew SHENG (Malaysia)
  • Prof Robert SCOLLAY (New Zealand)
  • Dr Chalongphob SUSSANGKARN (Thailand)
  • Dr Shujiro URATA (Japan)
  • Dr Joseph YAP (Philippines)
  • Dr Yunling ZHANG (China)
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Events


"Global Financial and Economic Crisis: Macreconomic Policy Issues", 28-29 July 2009, Tokyo, Japan, ADBI


 

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Comment (forthcoming)

Please leave a comment or a suggestion for the project team (you will need to register as a site user)

 

 

 

 

 

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Related Links
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PECC is not responsible for the content on external links

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Research
IMF World Economic Outlook: “Financial Stress, Downturns, and Recoveries” , World Economic Outlook
International Chamber of Commerce: “Trade volume and value decline sharply as a result of crisis”
Dani Rodrik's Blog: “Getting the global stimulus numbers right”, Sameer Khatiwada
Dani Rodrik's Blog: “A global survey of stimulus plans”, by Kevin P. Gallagher
World Bank: “Protectionist Measures Show Worrisome Rise Since Beginning of Financial Crisis: Study shows 17 of G-20 countries have implemented trade-restricting measures"
G20 Official Website
Vale Columbia Center on Sustainable International Investment: “The Global Financial Crisis: Will State Emergency Measures Trigger International Investment Disputes?” Anne Van Aaken And Jürgen Kurtz
East Asia Forum: Asia and the Global Financial Crisis
WTO: "WTO sees 9% global trade decline in 2009 as recession strikes
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