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2010-Balancedgrowth-Kawai-Pedrosa-Giap-AwTowards Balanced and Sustainable Growth Strategies for Post-Crisis Asia: A shifting Paradigm and Challenges

Edited by Masahiro Kawai, Eduardo Pedrosa, Tan Khee Giap and Grace Aw

The world is emerging from its worst economic downturn is living memory but this recovery is unevenly spread across the region and the world. Moreover, there is greater uncertainty over whether the time is right to consider fiscal and monetary consolidation after the intervention of 2009.

The challenge today is to exit from the extraordinary stimulus measures taken in response to the crisis and develop strategies for sustained growth in the years ahead. Balanced against this is a recognition that decisions made today in favour of an early exit may lead to an unncessarily long period of slow growth if not stagnation for the global economy. In response to the crisis the international community put emphasis on concerted action embodied in the institutionalization of the G20 process as the premier forum for international economic policy coordination. Across the world governments came together to develop a coherent response to the economic crisis rejecting protectionism and cooperating on fiscal and monetary measures to bolster demand. At this critical juncture it is vital that the sense of community, shared interest and concerted action be maintained.

This conference organized by the Singapore National Committee for PECC (SINCPEC) and the Asian Development Bank Institute (ADBI) brought together an eminent group of experts and policy-makers to consider some of the policy-options that the region's governments can consider as part of their tool-kits to achieve their objective of balanced, inclusive, sustained, innovative and strong growth.  

  1. Shaping and Setting the APEC Agenda 2010

  2. Raising Quality of Life and Inclusive Growth for Asians: Enhancing Social Safety Net, Comprehensive Healthcare Coverage, Affordable Public Housing and Quality Education

  3. Financial Deepening and Integration in Asia: Financial Supervision and Banking Regulation, Financing SME's, Regional Exchange Rate Regimes and Realignment

  4. Towards Balanced and Sustainable Growth in Post-Crisis Asia: Enhancing Environment Friendliness & Sustainability

  5. APEC Roadmap Ahead

  6. Rebalancing for Sustainable Growth: Asia's Post-Crisis Challenge

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Discussion Forum

Going It Alone in the Asia-Pacific: Regional Trade Agreements Without the United States
Peter A. Petri (PIIE), Michael G. Plummer (Johns Hopkins University and East-West Center), Shujiro Urata (Waseda University) and Fan Zhai (Former Managing Director, China Investment Corporation)


The Linkage between Services and Manufacturing in the US economy
Sherry M. Stephenson, Senior Fellow, International Centre for Trade and Sustainable Development


Digital DNA: Disruption and the Challenges for Global Governance
Peter F. Cowhey (University of California, San Diego), 
Jonathan D. Aronson (University of Southern California)


Growth in a Time of Change
Pamela Mar, Director of Sustainability, Fung Academy | Fung Group


Why Connectivity is a starting point for real change
Pamela Mar, Director of Sustainability, Fung Academy | Fung Group


The TPP lives on – and Canada should be part of it
Hugh Stephens, Vice-chair, CANCPEC


After the TPP: What’s Next for Canada in Asia?
Hugh Stephens, Vice-chair, CANCPEC