Economic Crisis

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Overview

Asia Pacific economies 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 assesses the region’s progress in fighting recession, rebalancing economic structures, and managing the transition to a new, sustained growth path. It anticipates the critical policy changes that are 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 pays close attention, in particular, to the role of regional linkages and cooperation in achieving a timely recovery. The research builds on data and forecasts developed by several institutions and focuses on analysis and synthesis rather than primary data collection.

The study was released at the time of APEC Summit in Singapore 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 full report entitled, "Inclusive, Balanced, Sustained Growth in the Asia-Pacific" was published in partnership with the Institute of Southeast Asian Studies (Singapore) in May 2010. To order, please click here.

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 Table of Contents:

- Preface

- Executive Summary

1. A Regional Framework for Inclusive, Balanced, Sustained Growth

2. China: Achieving Sustained Growth

3. Advanced Asia: Achieving Sustained Growth

4. Southeast Asia: Achieving Sustained Growth

5. North America: Achieving Sustained Growth

6. South America: Achieving Sustained Growth

 


Project 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)

 Events

"Global Financial and Economic Crisis: Macreconomic Policy Issues"

Date and time
28-29 July 2009

Venue
Asian Development Bank Institute, Tokyo, Japan

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Pacific Currents

Digital Technologies, Services and the Fourth Industrial Revolutions
Submitted by Jane Drake-Brockman, Christopher Findlay, Yose Rizal Damuri and Sherry Stephenson 


COVID-19 has Exposed Major Gaps in our Social Safety Nets: In a Post-COVID World Will these Gaps be Closed?
Hugh Stephens
Vice Chair, CANCPEC; Distinguished Fellow, Asia Pacific Foundation of Canada; Executive Fellow, School of Public Policy at the University of Calgary


COVID-19: Experiences from best practices in Asia show a path forward in the fight against the coronavirus
Jeffrey Reeves
Vice-President of Research for the Asia Pacific Foundation of Canada


Wuhan Dispatch: Part 2: Sharing Best Practices Around Testing and Treatment
Jeffrey Reeves
Vice-President of Research for the Asia Pacific Foundation of Canada


Wuhan Dispatch: Part 1: Establishing a Dialogue Between Canadian and Chinese Health-care Professionals
Jeffrey Reeves
Vice-President of Research for the Asia Pacific Foundation of Canada


Multilateral Cooperation is a Safeguard against Pandemics
Rebecca Fatima Sta Maria
Executive Director, APEC Secretariat


International cooperation during COVID-19
Sungbae An
Senior Research Fellow, Department of International Macroeconomics and Finance, Korea Institute for International Economic Policy (KIEP)


G20 comes to the fore again
Jorge Heine
Research Professor, Pardee School of Global Studies, Boston University; Non-resident senior research fellow at the Center for China and Globalization in Beijing


Tackling COVID-19 Together: A Bottom-Up Approach to Trade Policy
Simon J. Evenett
Economics Professor at the University of St. Gallen, Switzerland and Global Trade Alert


Drastic measures to stop spread of COVID-19 are necessary
Charles E. Morrison
Adjunct Fellow and Former President of the East-West Center; Former Co-Chair, PECC


International Trade at a Time of Covid-19
Roy Santana
Expert on tariffs and customs issues at the WTO; occasional lecturer


ASEAN-China cooperation in time of COVID-19 pandemic
Jusuf Wanandi
Vice Chair, Board of Trustees, CSIS Foundation; Former Co-Chair of PECC