The Great Rebalancing Act: Can Investment Be a Lever in Asia?

Malhar Nabar and Murtaza Syed

No 2011/035, IMF Working Papers from International Monetary Fund

Abstract: Ensuring stable growth in the postcrisis world economy will require a rebalancing of economic activity in several countries. In Asia’s export-dependent economies, this entails relying more on private domestic demand as a driver of growth. While some countries need to raise consumption, several need to raise investment or reorient it from tradable to nontradable sectors. These changes in investment could be facilitated by financial reforms that enhance domestically oriented firms’ access to credit, stronger incentives for corporate restructuring, policies to bolster the business climate and reduce uncertainty, and by improvements in infrastructure that raise the returns to private investment.

Keywords: WP; firm; capital-intensive firm; exchange rate (search for similar items in EconPapers)
Pages: 28
Date: 2011-02-01
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Citations: View citations in EconPapers (4)

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