The future of the Asian economic and financial community

Rintaro Tamaki

OECD Journal: Financial Market Trends, 2013, vol. 2012, issue 2, 67-78

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.

JEL-codes: F10 F20 F21 F30 F32 F33 F60 F65 G10 (search for similar items in EconPapers)
Date: 2013
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